$SOL Shows Bullish Momentum with Key Support at $120, $32M Shorts Liquidated, New ATHs Expected – Crypto News – Crypto News
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$SOL Shows Bullish Momentum with Key Support at $120, $32M Shorts Liquidated, New ATHs Expected – Crypto News

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1 year ago

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$SOL, the cryptocurrency associated with Solana, has shown significant bullish momentum.

$SOL, the cryptocurrency associated with Solana, has shown significant bullish momentum. The price of $SOL has found a solid support level at $120, with a negative premium indicating spot buying.

Recently, $32 million in short positions were liquidated, further reinforcing this support. Market analysts suggest that breaking above $155 would signal a break in the bearish market structure.

The $120 level is considered a local bottom, similar to $MKR, with expectations of new all-time highs in the coming weeks or months. Additionally, technological advancements are driving Solana forward.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

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