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Cryptocurrency News Articles

Solana (SOL) Faces Heavy Resistance at $200 as Short Leverage Positions Exceed $550 Million

Feb 21, 2025 at 04:52 am

Solana price is stuck in a downward trajectory, with strong resistance forming around the $200 mark. Bulls need to push past this level to regain momentum.

Solana (SOL) Faces Heavy Resistance at $200 as Short Leverage Positions Exceed $550 Million

Solana price faces strong resistance at $200, hindering its recovery attempt.

However, the market sentiment is bearish on Solana, with traders betting on further downside.

Solana price could slide toward $160 if bears capitalize on weak support levels.

Despite the bearish price action, Solana's DeFi ecosystem is expanding rapidly.

Major protocols like Jito and Jupiter have experienced exponential growth in total value locked.

Original source:coinchapter

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Other articles published on Aug 11, 2026