Although the cryptocurrency market remains more stable compared to previous weeks solana The price is trying to increase its power by challenging the market. CoinsKid, which interprets many on-chain data, has the momentum to continue the SOL price rise.
The ‘buy and sell indicator’ for the seventh-largest cryptocurrency is currently showing a major buy signal, according to an
Looking at chart patterns, Solana’s rise from $24 in mid-October this year, when the indicator turned green, to close to $43.60 by press time was nothing short of impressive, especially when compared to the previous buy signal as noted by the analyst.
Solana Price Analysis
According to the latest data, Solana price It is currently trading at $43.36 and is up 5.43% in the last 24 hours, representing a weekly increase of 10.91% and a monthly increase of 94.72%.
Impressive price gains for Solana include disgraced crypto exchange FTX and cryptocurrency It is also worth noting that it took place during a period when crypto wallets belonging to investment firm Alameda Research abandoned SOL tokens.
Considering its recent advances and 334% gain this year alone, it seems likely that Ethereum (ETH)’s widely regarded rival, once one of the world’s largest crypto trading platforms, is now convicted of criminal fraud and conspiracy. It is becoming increasingly clear that he is stepping out of the shadow of his former CEO.