The post Solana Price Hits Major Resistance at $200, Pushing Traders to INTL for 19,300% Gains appeared on BitcoinEthereumNews.com.

Solana’s price struggles to cross the $200 mark as it starts to tumble in the current session. The Solana price is seen plummeting after starting the year with a massive breakthrough of over $220 mark. Even the SOL ETF approval frenzy fails to regulate the Solana price actions. While  SOL struggles to maintain its momentum, investors run to IntelMarkets as the platform provides a ticket to 19,300% gains. The explosive potential of INTL leaves traders excited about its future trajectory. Solana Price To Start A Deeper Correction Despite SOL ETF Buzz Solana’s price has plummeted 15% since Monday, wiping out all the gains from the weekend’s rally. The Solana price is now back where it was last Wednesday. To make matters worse, the token closed below its 50-day exponential moving average (EMA) despite the hype surrounding the SOL ETF. And it looks like the Solana price is heading for its third straight day in the red – something it hasn’t done since late November. Things aren’t much better when looking at SOL’s stats while experts anticipated a rise in the Solana price following the SOL ETF approval.  Spot trading volumes have tanked 28% during this recent downturn, while open interest in SOL derivatives has also dipped. This dip suggests traders may be taking a more cautious approach to Solana despite the buzz of SOL ETF approval. Taken together, the technical weakness and the drop in trading activity point to growing pessimism around the network and its native token. Still, some traders believe this dip is just a natural correction. After all, Solana price had a strong start to the year, rallying in the first week of January and passing the $220 mark. IntelMarkets (INTL): The Best Altcoin In 2025? IntelMarkets (INTL) is creating an entirely new niche in the cryptocurrency…

---

Filed under: News - @ January 12, 2025 11:26 pm