đ Solana's Rocket Fuel: Ready for Liftoff? đ
Crypto traders are buzzing about Solana's (SOL) strong support line at $120, which some believe could be the launchpad for a major price surge. Veteran trader Peter Brandt noted SOL's price consolidation in a rectangle pattern, hinting at a potential "sizable advance."
Fellow trader TraderKoz agrees, suggesting a retest between $135 and $140 for those looking to go long. SOL has outperformed other top cryptos, with an 8.82% growth over the past week, trading at $148.50.
đ Futures traders are also bullish, with Open Interest rising 12.5% to $2.34 billion. Meanwhile, Solana's total value locked (TVL) and daily transactions have seen a recent uptick, signaling increased network activity.
What are your thoughts on Solana's potential? Drop your comments below! đŹ
*Disclaimer: This article is not investment advice. Do your own research.*
