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Is Solana set for a recovery after recent struggles and price dips?

Recent price fluctuations of Solana: Solana (SOL) surged by 67% since October 10, 2024, peaking at 263 USD. However, it has dropped to 203 USD, with a current price of 215.32 USD and significant resistance at 222 USD.

Market dynamics and investor interest: The market shows uncertainty with a death cross and RSI at 43. Nevertheless, trading volume increased by 39%, and Bitwise launched BSOL offering a 6.48% staking reward, reflecting growing investor interest.

This is community-generated content, not advice from ONUS.
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