SOL has flipped Ethereum taking the top spot in 7-day DEX volume with $11.8 billion compared to Ethereum’s $9.2 billion.
has flipped Ethereum in a stunning development, taking the top spot in 7-day DEX volume with $11.8 billion compared to Ethereum’s $9.2 billion. This surge has many wondering whether Solana is gearing up for a major bull run.
More importantly, the $163.66 level stands as a major resistance point. If Solana breaks through this level, a rally could follow. Consequently, this buildup raises expectations that SOL could soon see significant upward movement. The whales are likely positioning themselves for a strong push, indicating confidence in the long-term outlook of Solana.Liquidation data reveals that $348.39K worth of long positions were liquidated in the last 24 hours, alongside $70.02K in shorts. This high level of liquidation in long positions points to traders betting on a continued rise.
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