Solana (SOL) Rockets Over 10%: Analyzing The Bullish Trend
Solana started strong increase above the $135 resistance. SOL price is up over 10% on the ETF hopes and it might rise further toward $162. SOL price started a steady increase and cleared the $142 resistance against the US Dollar. The price is now trading above $142 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $142 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could correct lower and find bids near the $140-$142 zone. Solana Price Starts Fresh Rally On ETF Fillings Solana price formed a base above....
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The cryptocurrency industry has demonstrated a strong positive trend throughout the course of the week, with leading cryptocurrencies experiencing substantial increases in their market value. Moreover, the price of Solana (SOL) has exhibited superior performance compared to prominent cryptocurrencies, experiencing a notable increase of more than 34% in value over the course of one week. Solana is a widely recognized Layer-1 network renowned for its scalability. The Solana network is characterized by its rapid confirmation times and has a thriving ecology and community. Over the course of....
SOL price continues to trend downwards as price remains bearish with price trading on key support. SOL trades below 50 and 200-day Exponential Moving Average as price struggles to regain bullish signs. The price of SOL needs to break and hold above the key resistance of $45 to resume bullish price movement. The price of Solana (SOL) continues to struggle to discover its bullish trend as the price fails to break the key resistance of $35 against tether (USDT). The previous weeks saw the crypto market cap as good as Bitcoin (BTC) prices and other crypto assets. Still, the price of Solana....
Solana (SOL) develops bullish sentiments against tether (USDT), as the price of Solana (SOL) seeks to rise with an impending breakout above the current resistance. Bitcoin (BTC) gained significant strength after closing the weekly candle on a high note, with the price remaining above $21,700 for the first time in weeks. Most crypto assets, including Solana (SOL), have benefited from this, with the price aiming to break out. (Data from Binance) Related Reading: SEBA Bank To Include Ethereum Staking In Services Solana (SOL) Price Analysis On The Weekly Chart The price of SOL has struggled....
SOL price trades below 50 and 200 EMA on the daily timeframe despite showing some relief strength. SOL rally caught short as BTC price continued to range. The price must hold $30 support or face a drop-down to a weekly low. The price of Solana (SOL) has recently shown some bullish strength, but it has struggled to break above key daily resistance against tether (USDT). Solana (SOL) prices have continued to fluctuate as bulls and bears play chess with SOL. SOL’s lack of bullish strength has left many traders and investors perplexed as to where it might go next. (Data from Binance)....
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