As a seasoned researcher with years of experience navigating the volatile crypto market, I must say that the current bullish trend in Solana (SOL) is quite intriguing. Over the past 24 hours, we’ve seen an impressive 5.43% increase in SOL’s rate, a testament to its resilience and potential for growth.
As reported by CoinStats, bulls continue to dominate the crypto market’s direction following the weekend.
SOL/USD
The rate of Solana (SOL) has increased by 5.43% over the last 24 hours.
On the hourly chart, Solana’s price has been climbing following its breakout past the nearby resistance level at around $212.38. If this upward trend persists and the daily bar ends significantly away from that point, there could be an opportunity for a test of the $230 to $240 range.
As a crypto investor, I’ve noticed that Solana’s (SOL) growth trajectory has been consistently climbing since yesterday’s bullish close. Therefore, when it comes to trading strategies, my focus is on the upcoming closures, particularly the $215.27 level.
If buyers can hold the gained initiative, the upward move is likely to continue to the $240 range.
On the long-term perspective, Solana’s (SOL) price appears to have gathered sufficient momentum for medium-term increase. This trend could potentially push the price towards the $250 level before the end of this month.
SOL is trading at $217.55 at press time.
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2024-11-11 16:58