📈 Solana Finds Strong Support at $124 Amid Bearish Market Pressure 🔥

Solana (SOL) is showing signs of recovery after a week of intense selling pressure. The price has climbed above the $130 mark, with a potential test of the $140 resistance level on the horizon.

💡 Key Levels to Watch:

- Support at $124:

Solana found a key support level at $124, signaling a potential rebound.

- Next Targets:

If SOL climbs above $134, it could aim for $140. However, if the price falls below $127, the next support could be at $118.

🌐 Solana Network Decentralization Debate:

During Korea Blockchain Week 2024, Solana Foundation’s executive director Dan Albert addressed decentralization concerns. He argued that coordinating network patches with node operators doesn’t mean the network is centralized.

📊 Market Snapshot:

- SOL Price: $133.65 (+1.59%)

- Trading Volume: Up 61.96% (CMC)

🐂 Bulls are pushing for a breakout, but if bearish momentum continues, we could see a retest of lower levels. Stay tuned!

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