While Bitcoin (BTC) and Ether (ETH) are in the green, a few leading altcoins, including Ripple (XRP), and Solana (SOL) are in the red. Similar to XRP, Solana is down by less than 1% in the last 24 hours but is approaching a key resistance level. The bulls are attempting to push the price above this critical hurdle at $86.10. Positive on-chain activity and derivatives metrics indicate strengthening sentiment. The momentum indicators also show easing bearish signals, suggesting that a breakout attempt could be gaining traction. Solana’s on-chain and derivatives data paint a bullish picture SOL is trading at $84.96 at press time on Tuesday, down by less than 1% in the last 24 hours.
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