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08/11 01:05

On the 9th of August, SOL traded around $181 aft

On the 9th of August, SOL traded around $181 after climbing 3.05% in 24 hours, marking three straight daily gains.

However, as the price approached the key resistance level, investor and trader participation appeared to have plummeted. CoinMarketCap data revealed that SOL’s 24-hour trading volume dropped by 10% compared to the previous day.

The potential reasons behind this drop, despite the price surge, appear to be the asset’s unclear direction, its past performance, and ongoing profit-taking.

The potential reasons behind this drop, despite the price surge, appear to be the asset’s unclear direction, its past performance, and ongoing profit-taking.

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