This coin is really strong!

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Is SOL trying to break through the $200 mark?

After briefly falling to $121, SOL price showed resilience and rebounded to $143. Support at $138 is critical; holding this support could pave the way for a price target range between $162 and $188, with bullish potential extending to $205 to $256. This shows that the market is optimistic about SOL amid the volatility in Bitcoin’s value.

PayPal collaborated with PAXOS to launch the PYUSD stablecoin and entered the field of cryptocurrency, which caused a sensation, especially benefiting SOL. By the end of 2023, PYUSD supply will exceed $500 million, demonstrating significant growth and adoption of this new stablecoin. Importantly, $134 million in PYUSD has been integrated into Solana’s ecosystem, potentially increasing its liquidity and stability.

With the launch of PYUSD, monitoring key support levels such as $138 has become increasingly important for traders. These levels can inform strategic entry and exit points to optimize trading decisions. Additionally, the continued integration of stablecoins into the Solana ecosystem may spur further adoption and operational utility, leading to promising opportunities for long-term investment.

Finally, if you are a complete novice and you are excited to break into the currency circle after seeing BTC hit a record high, then I suggest you follow me first, learn the knowledge of the currency circle with me, and supplement your basic skills. Only by laying a good foundation can you go further.

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