Solana Hits Upper Bollinger Band as Smart Money Remains Long
Solana's price has hit a wall at $119.71, its upper Bollinger Band, after shedding 3.26% in 24 hours.
Despite this, smart money remains cautiously optimistic, with 67% of the market sitting long and open interest surging 5%.
The technical indicators suggest a bearish trend, but the fundamental story for Solana remains intact, according to Blockchain.news' narrative.