Solana’s price experienced a significant overnight surge after it was announced that the U.S. Crypto Reserve will include Solana alongside major cryptocurrencies like XRP, Cardano, Bitcoin, and Ethereum. This led to SOL’s price peaking at $180, hitting a significant resistance level marked by the 50% Fibonacci retracement.
However, despite the initial enthusiasm and strong upward movement, bullish exhaustion set in, and Solana struggled to continue its rally. The question remains whether Solana can overcome the current bearish dominance and hit the $200 mark anytime soon, keeping investors and analysts keenly watching its next moves.
Kaynak: thenewscrypto.com ↗