The chart shows a significant support zone (highlighted in red) and a potential bullish breakout above the resistance level.
The price is expected to rise towards the $210.26 level.
Solana is an open-source blockchain project designed to provide decentralized finance (DeFi) solutions. Officially launched in March 2020 by the Solana Foundation in Geneva, Switzerland, Solana supports decentralized app (DApp) creation with a focus on scalability. Its innovative hybrid consensus model combines proof-of-history (PoH) with proof-of-stake (PoS), attracting both small and institutional traders. The Solana Foundation aims to make decentralized finance accessible on a larger scale.
Ensure proper position sizing to avoid overexposure to market volatility.
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