has shown notable volatility. Initially fluctuating between $135 and $140, the price dipped below $135 on the 12th of July.
However, a recovery began on the 14th of July, leading to a peak of just over $150 on the 15th of July., with a 24-hour trading volume of $2,480,830,713, marking a 4.93% increase in the last 24 hours and an 8.64% increase over the past seven days.This optimistic projection aligned with the historical growth trajectory of Solana, which saw expansion from late 2020 to mid-2021.
Following a prolonged downtrend until early 2023, Solana has been on a recovery path, breaking out of a descending channel and forming an ascending pattern. “$SOL closed the week bullish — things are starting to look exciting again. My gut tells me we are playing on a similar fractal to Q3’21 with shades of Q4’20 — in both cases the most explosive returns were just around the corner.”“Many were shaken out by flip-flopping KOLs recently and only few had the conviction and patience to see this through. I am still a believer that SOL can likely get to 50% of ETH’s market cap this cycle.
The price exhibited noticeable volatility expansion, particularly in the early trading hours, and touched the middle band at one point, suggesting brief consolidation or a minor correction before potentially resuming upward movement.A bullish crossover occurred with the MACD line moving above the signal line, which was maintained for several hours, supporting the rising price trend.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BNNBloomberg - 🏆 83. / 50 Read more »