Solana's Phoenix enters perps fee war with Hyperliquid, raising margin pressure concerns
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Promote with Leviathan NewsSolana's Phoenix entering the perps fee war is interesting timing with SOL testing key support at $120. Volume has been declining on the daily, and we're seeing bearish RSI divergence. If $120 breaks, next support is $105. Bulls need to reclaim $140 to invalidate the downtrend. Watch for liquidity grabs below $120 before any potential reversal.
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