Solana's price has dropped slightly over the past 24 hours, but there are positive signs that a rebound might be on the horizon. The increasing volatility, higher volume on Binance, low liquidation figures, and sustained open interest indicate that Solana may have reached its bottom. The price has stayed above a major resistance level, and the volume on Binance has seen a significant increase. Futures traders have minimal exposure to Solana, and there is confidence in its prospects as shown by the high open interest. Solana is seen as one of the most promising Ethereum competitors, and there is growing hype around the project. Analysts believe that Solana may surpass its previous all-time high and reach $300 in the near future.



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