$SOL : Why Fidelity calls Solana ‘an emerging piece of financial market infrastructure’
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From a technical standpoint, SOL has been the worst performer in the Q4 rally.
• It’s currently trading at just a few points above $50 and has recently fallen below $70 once again, resulting in another wave of weak hands taking profits. $50 is back on the radar.
• According to the report, Solana’s trading volume was about 15% of the big five U.S. stock exchanges combined this year.
• Meanwhile, its trade count has also grown nearly 100x since 2022, compared with just 1.76x growth across major U.S. stock exchanges.
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© AMBCrypto
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From a technical standpoint, SOL has been the worst performer in the Q4 rally.
• It’s currently trading at just a few points above $50 and has recently fallen below $70 once again, resulting in another wave of weak hands taking profits. $50 is back on the radar.
• According to the report, Solana’s trading volume was about 15% of the big five U.S. stock exchanges combined this year.
• Meanwhile, its trade count has also grown nearly 100x since 2022, compared with just 1.76x growth across major U.S. stock exchanges.
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© AMBCrypto
