The post How Long Will Solana Shorts Continue to Get Crushed? Here’s Where SOL Price May Head Next appeared first on Coinpedia Fintech News
The Solana platform recorded the highest-ever network activity as the active addresses hit a peak of 15 million in December 2023. A similar network action was witnessed in January 2023, which helped keep the price from falling apart following the FTX fiasco. Besides, it appears that the investors are extremely bullish on Solana, as the price intends to test the higher resistance in the coming weeks.
With the latest price action, Solana surpassed XRP to become the fourth largest crypto as per the market cap. The bull run just invalidated the rising wedge, which suggests the bears have a minimum exposure to the SOL price. However, the price has already surged beyond $100; will the short continue to get pulverized?
Source: X
The recent price movement of Solana indicates that the markets are no longer lenient on the technicals right now. As the SOL p
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