In the past 4 hours, SOL/USDT has shown significant volatility, reflecting the current market dynamics. Starting the period at around $21.50, Solana saw an initial rise, reaching approximately $22.20. This increase was driven by positive market sentiment and bullish news related to Solana’s ecosystem advancements.However, the rally faced resistance near the $22.20 level, resulting in a pullback to about $21.80. This retracement indicates profit-taking among traders and a brief consolidation phase. The market's reaction suggests that while there was initial optimism, SOL is currently testing its support levels.
