Solana Keeps Positive Radiance But Bears Could Dampen The Mood At This Level
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In recent times, the Solana price has witnessed a considerable upward push, which made the coin breach important resistance levels. Over the last 24 hours, SOL has rallied close to 20%, and in a week’s time, the altcoin has appreciated close to 40%. As Bitcoin’s price has remained above $20,000, most altcoins have shown positive price momentum on their respective charts. If Bitcoin continues to climb higher, then short-term bullish momentum will prevail across the market. The technical outlook of Solana has pointed towards the bulls, but the chart also reveals that as the coin has been overbought, SOL would
Markets are on slight bull activity today, with the global market cap sitting 3.4% below its previous 24-hour mark, as the total cap stands at $1.61T as of press time. The fear and greed index is 72, as greed now creeps back into the markets. The global trading volume is…
Cryptocurrency analysis firm MakroVision has published a new technical analysis report on Solana (SOL). The firm noted that Solana has generally maintained its trend of forming “higher lows,” but the recent recovery has been limited by weak and short-term countermoves. According to MakroVision, the red trend lines currently represent a…