Solana (SOL) is maintaining its position near a crucial support level, trading within a narrow range as market conditions remain uncertain. Despite mixed signals from analysts, both spot and derivatives trading activities are robust, with 24-hour trading volume reaching $6 billion. The cryptocurrency's market capitalization hovers around $70.9 billion.
A bullish Relative Strength Index (RSI) divergence suggests a potential reduction in selling pressure, echoing patterns observed before the March 2025 low. Traders are closely monitoring SOL for a possible breakout above the next resistance level, which could signal a shift in market momentum.
SOL Trades Steadily Near Support Amid Market Uncertainty
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