Solana defies the market, gains 8% in 24 hours: Will SOL’s rise continue?

Solana has distinguished itself among the top five crypto assets by posting a significant gain in the last 24 hours. According to data fromMeanwhile, the rest of the top crypto assets experienced less than a 1% change. They fluctuated between minor gains and losses.The week started with a decline for SOL, with its price dropping by around 3.8% on the 23rd of June, closing at approximately $128.63.

These indicators implied that while Solana has shown some bullish signals in the short term, it has yet to establish a strong enough rebound to shift the longer-term trend.As of this writing, the Funding Rate was positive but declining and was currently around 0.0003%. The position showed that while buyers still dominated, their influence was waning.This change suggested that traders were becoming more cautious.

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May market analysis: Ethereum, Solana experience highest gainsSolana and Ethereum had quite a positive trend in the previous month. Still, the start of the current month has been different.
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