Solana Price: SOL indicates Bullish Trends, retests at $150
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Today Solana’s price is in a positive position as it accepted a higher low and has risen rapidly to $150. SOL/USD reverses a dramatic fall to the fact that there has been a further decline.
Recently The cryptocurrency market has been outstanding. Bitcoin has risen up by 3.5%, while Ethereum is up 6.73%. Also, Dogecoin has been increasing by 11% and outperforming all other cryptocurrencies.
Solana price movement in the last 24 hours
SOL/USD has been between $144.26 and $152.08, display a price fluctuation. They have been an increase in the trading volume by 26.76 percent to $5 billion.
While 26% growth in trading activity. However $42.72 billion has been the total market capitalization.
SOL/USD 4-hour chart
The Solana price was downside when the $152 mark on the 4 hours chart was reached.
It remains in a bearish trendsetting the stage for more losses. September 7, the downward momentum that began on the SOL/USD fell from its all-time high of $215.
Appromanetly May 6th, Solana reduced to $180.00 and subsequently rose to $190.00 before recouping about half its loss. Thou, the stock managed to recover fall over the next weeks.
Although bulls could not manage their momentum for long. With a decline of 25%, another lower low was accepted.
Solana Price Conclusion
For today’s Solana price forecast, a great reaction occurring at the $150 level following a significant uptrend. It is anticipated that SOL/USD will reverse and attempt to recover some of its losses.
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