Solana (SOL) is facing challenges in reclaiming the $200 support level despite surpassing Ethereum in demand. SOL's Hot Realized Cap reached $9.5 billion, more than double Ethereum's $4.1 billion, indicating strong investor interest. However, Solana's realized cap growth is slower than Bitcoin and Ethereum, suggesting a bearish short-term outlook. SOL is currently at $185, with resistance at $200 and support at $175. Losing $175 support could lead to a correction to $155, while flipping $200 to support could trigger a rally to $221. #Solana #SOL #Crypto #MarketAnalysis
Discussion
No replies yet.