Solana price prediction: SOL has witnessed a generally upward momentum in its trading performance over the recent month, indicating a bullish sentiment among investors. The price of Solana (SOL) has formed consecutive bearish candlesticks weekly but managed to secure a closing price above the $100 mark. In the latest 24-hour trading period, Solana price has increased by 2%, pushing the price to $104.
Looking at the weekly chart, SOL’s price trajectory shows a rebound from a low point of $79 in January. The subsequent weeks have seen a formation of bullish candlesticks, propelling the price to a peak of $119. Currently, Solana holds a strong market capitalization, standing at $45 billion, which ranks it as the fifth-largest digital currency in market size. However, there’s been a slight 8% decrease in trading volume, amounting to $2 million over the last day.
Solana Price Prediction: Navigating Symmetrical Triangle
The trend direction appears ambiguous in the daily time frame due to
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