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CME Exchange Boosts Institutional Demand as Solana Faces $240 Resistance
CME Exchange Boosts Institutional Demand as Solana Faces $240 Resistance
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CME exchange News - Solana's price action reveals a tug-of-war between bullish momentum and short-term profit-taking. After testing the $237–$240 resistance zone, SOL retreated 6.2% to $221, though the broader uptrend remains intact. Critical support levels emerge at $200 (psychological), $181–$182 (50-week and 100-week MA confluence), and $160 (200-week MA). The CME's introduction of solana and XRP options marks a watershed moment for institutional adoption. This development signals growing mainstream acceptance, potentially fueling longer-term demand despite current consolidation. Momentum indicators like the RSI at 56.4 suggest healthy cooling rather than bearish reversal.
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