The Bulls Could Be Back For Solana If It Remains Above This Level
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Solana price has displayed a completely bearish price thesis on the one-day chart. In that same timeframe, the coin declined by close to 9%. The depreciation in value might continue as the technical outlook points in the same direction. With the recent Solana Protocol Raydium hack of over $2 million, the price of the coin has been affected further. Over the past week, the coin has shed nearly 10% of its value. As SOL fell from its long-standing support line of $13, the coin has been on a freefall. Demand for the altcoin has remained substantially low, with investor interest
Thousands of dollars can change hands in seconds and values can be altered in hours. That’s just the nature of the crypto market. Unlike other markets that are typically closed off, anyone can enter into the crypto market. Stepping in is good but getting the best returns is better. To…
On-chain data shows the Solana network has just seen a large movement of dormant coins. Here’s what this could mean for the cryptocurrency. Solana Coin Days Destroyed Has Witnessed A Huge Spike In a new post on X, the on-chain analytics firm Glassnode has talked about the latest trend in…