Coinspeaker
Solana (SOL) Price Soars Over 50% in Couple of Days in Spectacular Rally
The cryptocurrency market has witnessed a remarkable surge in Solana’s price this week, with the digital asset rallying over 50% in just a few days. As of 2:45 p.m. EST, Solana (SOL) was trading at $46.97, a significant increase from its recent low of approximately $31.26.
This impressive upward trend indicates a bullish bias, showcasing a strong uptrend in the daily timeframe and outperforming the broader crypto market. At the time of writing, Solana is trading at $43.77. While there has been a recent short pullback as sellers attempted to reject a higher price at $47, the intraday growth of 10.16% is a clear indication of the crypto’s sustained buying pressure.
Factors Fueling Solana’s Price Upsurge
Analysts have weighed in on the factors contributing to this remarkable price surge. One key driver has been the recent VanEck report on Solana, which outlined a comprehensive analysis of the crypto
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