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.
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2026-04-08 15:31