coin Frontier reports: Solana (SOL) price pump by 13% and volume rise by 50% in the last 24 hours. This puts SOL above the $160 resistance level, which is currently trading at $162. Recently, Solana has become a popular blockchain for new memecoins, and interest from retail investors has pumped. A exchange launched a Crypto Assets stake product for European users, and X Marginfi revealed the first Liquidity layer of Solana. These announcements coincide with the surge in SOL prices. Buyers are likely to look for short-term gains, targeting $175 and $190 to pump up 7% and 16%. However, price rejection at any resistance level may limit price Fluctuation.
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Solana: Are Memecoins pumping the price of SOL?
coin Frontier reports: Solana (SOL) price pump by 13% and volume rise by 50% in the last 24 hours. This puts SOL above the $160 resistance level, which is currently trading at $162. Recently, Solana has become a popular blockchain for new memecoins, and interest from retail investors has pumped. A exchange launched a Crypto Assets stake product for European users, and X Marginfi revealed the first Liquidity layer of Solana. These announcements coincide with the surge in SOL prices. Buyers are likely to look for short-term gains, targeting $175 and $190 to pump up 7% and 16%. However, price rejection at any resistance level may limit price Fluctuation.