In the last four hours, the SOL/USDT trading pair has experienced notable price movements, reflecting the volatility of the cryptocurrency market. Initially, SOL saw a bullish push, with increased buying pressure driving the price upwards. This surge was fueled by positive sentiment around Solana, as well as broader market trends favoring major altcoins.As the price climbed, SOL/USDT broke through key resistance levels, reaching a peak that attracted profit-taking from traders. This led to a brief retracement, causing the price to pull back to a crucial support level. The support held firm, preventing further declines and stabilizing the price within a new consolidation range.
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