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Crypto

Solana Price Breaks Out of Multi-Month Resistance Zone

Guavy AI Editorial Team
Instruments
BNB SOL
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Solana's price has broken out of its multi-month resistance zone around $103-$106, pushing SOL toward $111 and putting the $120 level back in focus.

The move was accompanied by a significant increase in trading volume, which is a bullish sign for continued upward momentum.

Solana's DEX ecosystem has maintained its position as one of the largest spot-trading venues in the crypto market, with weekly spot volume ranking second behind Binance for nine consecutive weeks.

The technical structure remains constructive as long as SOL holds above $100-$103, which previously acted as resistance but is now seen as support by buyers.

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