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#SOL Trend Analysis #SOLUSD #SOL
There was a repeated bounce from the 23.6% Fibonacci level, indicating that the trend is strong and preventing a deeper decline. However, the price failed to break above $272 on the second attempt, leading to consolidation and remaining in this state for several more days. The aroon signal suggests that there won't be a decline for now, and once positive news emerges, the trend will resume.
The family of US President Donald Trump plans to launch several business projects based on Ethereum, Solana, and Bitcoin, according to Joseph Lubin, the co-founder of Ethereum and founder of ConsenSys.
Recently, CME has put forward the assumption that futures contracts for Solana and XRP may be introduced as early as February 10, subject to regulatory approval.
On January 20, a client of the OTC platform Paradigm concluded a 'significant' options deal on Solana, which will bring profit in case of price breakthrough above $400 by February 28.
Third-party analysts Solana moves towards $З00.