Solana (SOL) price books remarkable gains on Wednesday on improved risk appetite. U.S stocks pointing at higher opening amid the news of second round of negotiations between Russia-Ukraine. However, former escalated attacks as ‘special military operations’ continued for the seventh straight day.
Solana (SOL) knocks out $106 on Wednesday.
SOL prepares for $128.0 next as risk appetite improves.
Momentum oscillators support the bullish outlook for the asset.
As of writing, SOL/USD is trading at $104.98, up 7.05% for the day. The eighth-largest cryptocurrencies by market cap hold 24-hour trading volume at $3,888,564,620 with marginal gains as per the CoinMarketCap.
Sol creeps higher on the daily chart
Source: Trading View
Solana (SOL) price surged 50% since it hit 2022 lows at $75.0. Currently, the altcoin is hovering near the weekly highs of $104.0. However, SOL is still struggling below the 200-EMA (Exponential Moving Average) at $128.0.
A resurgence of buying pressure could propel
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