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Crypto

Solana Price Holds Above $120 as Traders Eye $128-$132 Resistance Zone

Guavy AI Editorial Team
Instruments
SOL
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Solana's price held steady at $120 after a recent rebound, with traders eyeing the next resistance zone at $128-$132.

The move comes as futures open interest remained elevated during SOL's latest recovery, indicating heavy leveraged participation in the market.

Network upgrades and decentralized finance (DeFi) activity also added to the rally, but price confirmation is necessary before broader targets become relevant.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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