SOLUSDT.P getting close to 230-229 range for a high probable sweep/reversal targeting 4 hour highs. BTC and ETH will also have a sweep/reversal in the coming hours to strengthen this setup.
SOLUSDT meme token trading on Solana DEX has dropped from over 60% at the end of 2024 to under 30% currently, while SOL-stablecoin trading volume has surged to its highest level since December 2023.
SOLUSDT.P Solana has been trading in a transitional phase where momentum alternates between bursts of strength and periods of correction. Recent activity highlights sharp reactions on both sides, reflecting a tug-of-war between profit-taking after the rally and renewed interest from participants seeking continuation.