Is Solana (SOL) Ready for Liftoff? Bulls Battle Mixed Market Sentiment
The post Is Solana (SOL) Ready for Liftoff? Bulls Battle Mixed Market Sentiment appeared on BitcoinEthereumNews.com. Solana is trading around the $150 range. SOL’s daily trading volume has surged by over 57%. The crypto market cap has a brief spike of 1.28%, reaching $2.99 trillion, with the fear and greed index value holding steady at around 51. Major assets are fluctuating between losses and gains. Meanwhile, Solana (SOL) has registered a moderate gain of 2.02%. At the time of writing, Solana traded within the $150.85 range, with the market cap reaching $78.08 billion. Notably, the asset’s daily trading volume has surged by 57.49%, touching $3.08 billion. Furthermore, the market experienced $9.02 million worth of SOL liquidations in this span. Solana opened the day at around $148, and the asset then traded at a daily low of $144.89. After the brief wave of bulls, the price rose to a high of $153.21, breaking the key resistance at $148.73. Over the past seven days, Solana has recorded a 9.17% gain. It began trading at its weekly low of around $134. The bulls came in command, sending the price to a weekly high at the range of $155. A cup and handle pattern points out a potential bullish trend. It starts with a rounded bottom and is followed by a consolidation phase. For Solana, this pattern suggests that after a period of decline or consolidation, the price could break out upward. Can Solana Break Into Bullish Territory? Solan’s price chart reports a negative trading pattern, with the red candle having formed. Assuming the asset failed to mount above $153, the bears could enter and pull back the price to 147.21. Also, it may invite the death cross for more downside correction. Contrarily, the green graph of the asset reflects a bullish signal. The emerging bulls of Solana could send the price toward the $158 range. If a golden cross…
The post Is Solana (SOL) Ready for Liftoff? Bulls Battle Mixed Market Sentiment appeared on BitcoinEthereumNews.com.
Solana is trading around the $150 range. SOL’s daily trading volume has surged by over 57%. The crypto market cap has a brief spike of 1.28%, reaching $2.99 trillion, with the fear and greed index value holding steady at around 51. Major assets are fluctuating between losses and gains. Meanwhile, Solana (SOL) has registered a moderate gain of 2.02%. At the time of writing, Solana traded within the $150.85 range, with the market cap reaching $78.08 billion. Notably, the asset’s daily trading volume has surged by 57.49%, touching $3.08 billion. Furthermore, the market experienced $9.02 million worth of SOL liquidations in this span. Solana opened the day at around $148, and the asset then traded at a daily low of $144.89. After the brief wave of bulls, the price rose to a high of $153.21, breaking the key resistance at $148.73. Over the past seven days, Solana has recorded a 9.17% gain. It began trading at its weekly low of around $134. The bulls came in command, sending the price to a weekly high at the range of $155. A cup and handle pattern points out a potential bullish trend. It starts with a rounded bottom and is followed by a consolidation phase. For Solana, this pattern suggests that after a period of decline or consolidation, the price could break out upward. Can Solana Break Into Bullish Territory? Solan’s price chart reports a negative trading pattern, with the red candle having formed. Assuming the asset failed to mount above $153, the bears could enter and pull back the price to 147.21. Also, it may invite the death cross for more downside correction. Contrarily, the green graph of the asset reflects a bullish signal. The emerging bulls of Solana could send the price toward the $158 range. If a golden cross…
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