Solana (SOL) Holds Above $140 As Funding Rate Signals Bullish Momentum
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Solana (SOL) is currently trading near a critical support zone at $145, following a 26% surge since the Federal Reserve announced interest rate cuts on September 18. After this sharp rise, SOL experienced a slight 10% dip, but the overall market sentiment remains optimistic.
Many analysts and investors hope Solana will reach new all-time highs by the end of the year, driven by positive macroeconomic trends and the growing confidence in the crypto market.
Investors are closely monitoring SOL’s price action, with expectations that a sustained break above $150 could pave the way for a new rally toward uncharted territory. All eyes are now on Solana as it navigates this crucial support level, with both short-term traders and long-term holders anticipating a positive outlook in the coming weeks.