Solana is participating in the recent market recovery, bouncing back from around $80 and now aiming to break through the $90 level. This increase is supported by a technical indicator called a golden cross, which suggests Solana could see further gains in the near future.
Solana on-chain metrics flip positive
Solana is showing strong positive momentum, with all key metrics trending upwards, according to CoinMarketCap data. Trading volume has increased by over 88% in the last 24 hours, and more than $6 billion worth of SOL has been traded.
The recent increase in trading volume suggests more market activity and indicates that the industry is likely experiencing a recovery rally.
Solana is showing a bullish signal called a golden cross, according to recent market data. This happens when the nine-day moving average crosses above the 21-day moving average on a four-hour chart, suggesting potential price increases.
Solana’s price has started to recover after hitting a low of $78.43 today. Currently, it’s trading at $84.67, which represents a 5.43% increase over the last 24 hours.
Solana’s price has been falling for several months, dropping more than 71% from its peak of $294.33 due to several negative factors.
Market rebound here to stay?
Solana isn’t the only cryptocurrency experiencing a price increase. Ethereum has also recently reached a high of $2,251, gaining 5.83% in the last day.
XRP‘s price has increased by 4.64% to $1.381, while Cardano has risen 6.32% and is now trading above the $0.26 mark.
Although the market is currently recovering, most experts believe the lowest point hasn’t been reached yet, and there’s a risk this rally could be temporary. Still, with money starting to flow back into cryptocurrency funds, alternative coins like Solana and XRP could see strong gains in the near future.
Read More
- All Skyblazer Armor Locations in Crimson Desert
- How to Get the Sunset Reed Armor Set and Hollow Visage Sword in Crimson Desert
- All Shadow Armor Locations in Crimson Desert
- Marni Laser Helm Location & Upgrade in Crimson Desert
- All Helfryn Armor Locations in Crimson Desert
- All Golden Greed Armor Locations in Crimson Desert
- Best Bows in Crimson Desert
- All Icewing Armor Locations in Crimson Desert
- One Piece Chapter 1180 Release Date And Where To Read
- How to Beat Stonewalker Antiquum at the Gate of Truth in Crimson Desert
2026-04-08 15:31