Crypto Express

07/23 05:38

Solana’s $200 test – Traders, can SOL hold on

Are Solana holders now playing the long game?

Solana has officially broken above the key $200 level, underpinned by a sharp rise in staking liquidity. The question now is, are we witnessing a structural shift in how investors value SOL?

Solana [SOL] has been flexing strength. On the 21st of July, SOL printed a strong 7.88% daily candle and closed at $195, marking its highest daily close in nearly five months.

In fact, that push unlocked $538 million in realized gains, marking a two-month peak, likely from sidelined supply finally rotating out.

And yet, follow-through was measured. The next session opened with SOL posting a 4.61% intraday move.

According to AMBCrypto, SOL’s next leg depends on whether this resilience can sustain a bullish continuation.

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