Solana Surges Toward $140 Despite Bearish Network Activity: Will Sellers Defend SOL Price?

The cryptocurrency market has rebounded from concerns about a possible $9.4 billion BTC sale by Mt Gox, leading to a bullish momentum for various altcoins in the past day. The price of SOL has sparked buying interest, surpassing $140. Despite this rise, the gains may be temporary, as on-chain metrics and network activity for SOL indicate potential bearish trends.

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