The cryptocurrency market, including altcoins like SOL (Solana), experienced lower volatility this week as Bitcoin's price fluctuated between $100,000 and $90,000. Despite this consolidation, SOL's price has held above key support levels, indicating the potential for a bullish recovery. Currently, SOL is trading at $184.5 with a 2.5% intraday loss and a market cap of $88.5 billion. SOL futures open interest has seen a 13% increase, suggesting heightened trader activity and confidence in its price movements. Additionally, Solana's Total volume locked (TVL) has increased by 7%, indicating more users are participating in its decentralized finance (DeFi) platforms. SOL's price has seen a 30% correction but is currently seeking support at $175, where multiple indicators coincide. If buyers can drive a reversal, SOL could see a 7.8% price increase and potentially break out from its downward trendline, potentially leading to a rally past $300.



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