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Crypto

Solana Price Tests Resistance at $76 Amid Stablecoin Boost

Guavy AI Editorial Team
Instruments
SOL USDC
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Solana's price has reached nearly $77, testing resistance as it challenges the top of a descending channel near $76. The recent issuance of 250 million USDC on the Solana blockchain by Circle has increased stablecoin liquidity, supporting ecosystem activity and potentially paving the way for a breakout.

According to technical indicators, potential upside targets are at $84, $123, and $140, but near-term momentum remains cautious with resistance at the 50-day and 200-day EMAs. The weekly chart shows a strong demand zone, indicating accumulation opportunities as long as support holds.

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