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Solana Gains Nearly 6% in Two Days, but Is a Bullish Break Around the Corner

Bitcoin was back at an area of resistance that it has toiled beneath since November. The $17.6k-$18k area would be vitally important for the bulls to conquer before they can hope to make further advances. Solana [SOL] witnessed some gains in recent days but its higher timeframe downtrend remained unbroken.

Solana’s affiliation with SBF and FTX meant investor confidence in the asset was near all-time lows. NFT trade count has been good in recent months but didn’t hold a candle to the highs in February or even June and July.

(by Akashnath S)

Solana
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