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

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The Solana trend has been positive in the last 24 hours, but it remains to be seen if the uptrend will hold for the rest of the week.

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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 /  🏆 22. in NL
 

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