Solana Sparkles With Highest 24-Hour Gain Among Top 10 Cryptos
12 April 2023 - 10:15AM
NEWSBTC
Solana [SOL] has been on a roll lately, leaving investors in
anticipation of how far its crypto can rise. But is this just a
fleeting moment of glory, or is there more to Solana’s surge than
meets the eye? Over the last few hours, the crypto has been
on an unstoppable upward trajectory, outpacing other top 10
cryptocurrencies in terms of market capitalization. With a 12% gain
in the last 24 hours, Solana is making headlines and drawing
attention from even the most skeptical investors. So, what’s
behind Solana’s incredible performance, and is it here to stay?
Solana Positive Sentiments Boost Its Market Position At the time of
writing, the price of SOL stands at $23.71, according to Coingecko,
representing a 5.2% rally in just 24 hours. But that’s not all –
over the last seven days, the crypto has seen an equally impressive
12.4% rally, cementing its position as a rising star in the digital
currency world. As investors eagerly watch and wait, the
question on everyone’s mind is whether this star is destined for
even greater heights, or whether it will come crashing back down to
earth. Over the past 24 hours, SOL experienced a remarkable surge
in volume, soaring by over 200%. This dramatic increase in trading
activity coincided with a positive shift in investors’ outlook on
SOL, as their sentiments turned bullish in response to the market’s
upswing. Another indicator of SOL’s growing popularity was its
Binance funding rate, which rose significantly. This rise in
funding rate points to a heightened demand for SOL in the
derivatives market. Furthermore, SOL’s price volatility has
increased over the last few hours, specifically within the past
week. This uptick in price movement further bolsters the potential
for a continued upward trend for SOL. SOL Price: Market Indicators
Favor Bulls Investors looking to capitalize on cryptocurrency
trends should take note of SOL’s recent bullish market indicators.
With the Relative Strength Index (RSI) indicating a sharp uptick
and the Chaikin Money Flow (CMF) crossing the neutral mark, the
Bollinger Bands are also showing that SOL’s price is leaving a less
volatile zone. Related Reading: Bitcoin Price Poised To Hit
$50,000, This Crypto Expert Predicts SOL market cap currently at
$9.3 billion on the daily chart at TradingView.com Related Reading:
Polkadot Rises In Popularity Among Futures Traders – A Bullish Turn
For DOT Price? While the Exponential Moving Average (EMA) Ribbon
shows that bulls and bears are currently in a battle, the odds are
in favor of the bulls emerging victorious based on the overall
trend. As a result, investors can expect SOL’s price to continue to
climb in the coming days. Overall, SOL’s recent market indicators
suggest that now is a good time to invest in this cryptocurrency.
Whether you’re a seasoned investor or just starting, keep a close
eye on SOL’s performance in the market in the coming days. -Free
Vector Art & Graphics
Polkadot (COIN:DOTUSD)
Historical Stock Chart
Von Feb 2024 bis Mär 2024
Polkadot (COIN:DOTUSD)
Historical Stock Chart
Von Mär 2023 bis Mär 2024