#SolanaSurge
Solana (SOL) has returned to the bullish zone, creating a strong recovery after recent market fluctuations, APA reports citing Tronweekly.
The smart contract platform has increased nearly 1.34% in the past 24 hours and impressively risen 20% in the past seven days, as bulls regain control and push prices higher.
Just a few days ago, SOL dropped to a local low of $96 amid a broader market sell-off due to macroeconomic uncertainty and risk-averse sentiment. However, this decline did not last long. Solana has since significantly recovered, climbing back above key resistance levels and is currently trading around $134. This rapid recovery underscores the increasing confidence of investors and the return of bullish momentum.
SOL 1M chart coinmarketcap
Market sentiment seems to be shifting to favor the bulls. According to data shared by prominent analyst Ali, as much as 71.87% of traders on Binance with open SOL positions are betting on continued price increases. This strong long position signals strong expectations for a sustainable bullish rally.
