Solana records a year-to-date high as it surges by 36 percent in the last seven days to trade at $33.
Analysts have agreed that the asset can continue its upward trend to $37, then proceed to $40 if investors do not take their profits.
Solana (SOL) makes history as it records a new year-to-date high after surging by 36.5 percent in the last seven days and 67 percent in the last 30 days to trade at $33. This current run is a breakout from a horizontal resistance at $28. The Relative Strength Index (RSI) previously signaled this run after recording its highest value since November 2021. On record, Solana was one of the most affected cryptos by the collapse of the FTX empire, sending the asset to as low as $12.34 in two days from its $31 high.
According to a crypto trader identified as Joe McCann, Solana has retraced the entire drop. As of press time, the asset had a 24-hour trading volume of $1,358,927,366, after initially hitting the highest in over three months, $1.7 billion. The
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