Solana (SOL) experienced a price resistance level at $261 but is now retracing after benefiting from the Trump meme coin frenzy. Despite the retracement, technical indicators suggest positive momentum. SOL currently trades at $241, a 28% increase in the past week. The Solana-based project, Solaxy, raised over $12 million in a presale, offering scalability improvements. However, Coinbase has faced criticism for withdrawal delays affecting Solana transactions. Despite these challenges, SOL remains a prominent player in the crypto space, with the potential for further growth fueled by ecosystem development and institutional interest.



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