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Market Overview: Solana/Tether USDt (SOLUSDT)

Source: CoinWorld
SOLUSDT soared to $224.9 before consolidating around $220, with trading volume reaching a peak of $428,324.12. RSI climbed to overbought zone, with the MACD indicator crossing the neutral line indicating strong momentum. Price breaks through the key 61.8% Fibonacci retracement level and forms a large bullish pherophy pattern that heralds a sustained rise. The total 24-hour trading volume reached about 1.97 million and the nominal trading volume reached US$431 million, indicating that market interest and volatility have increased.
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