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Solana (SOL) Holds Above $140 As Funding Rate Signals Bullish Momentum

NewsBTC LogoNewsBTC12h ago

Solana (SOL) Holds Above $140 As Funding Rate Signals Bullish Momentum - NewsBTC

Quick Summary:

Related Reading: Cardano (ADA) Faces Risk Of 30% Drop – On-Chain Metrics Confirm A Slow Demand Key data from Coinglass reveals a rising funding rate, which indicates increasing bullish sentiment among traders.

Related Reading: SUI Ready To Test $2 Resistance – Bullish Pattern Suggests New ATH Soon For now, the $140 support level remains the line in the sand for Solana’s price action.

This suggests that the recent price correction might only be a temporary pause before another leg higher.  Investors are closely monitoring SOL’s price action, with expectations that a sustained break above $150 could pave the way for a new rally toward uncharted territory.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-02 @ 17:30:39 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 566 words

Reading Time: 4 minutes read

Sentences: 67 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 22852717

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 8 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 11 hours ago

Coverage Areas: United Kingdom

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Website Security: Secure (HTTPS)

Publisher ID: #102

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  • URL: https://beamstart.com/news/solana-sol-holds-above-140-17278927418591

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