SOL breaks barriers and continues to rise!
The Solana (SOL) cryptocurrency shows strong performance again, having risen by +1.48% to reach 176.70 USDT in the last 24 hours.
• Highest price during the day: 179.79
• Lowest price during the day: 169.35
• Trading volume in the last 24 hours: over 741 million USDT
Technical analysis indicates that SOL has surpassed its short-term moving averages (MA7 and MA25), indicating a clear upward momentum.
The StochRSI indicator also shows that the currency has entered an overbought area, necessitating caution regarding the possibility of a coming correction.
Why SOL?
Solana is considered one of the fastest networks in the blockchain space and is heavily attracting DeFi and NFTs projects, enhancing its market strength.
Notes for investors:
• The current trend is upward, but the saturation of indicators may indicate a short-term corrective movement.
• It is preferable to monitor support levels at 175.50 and 173.80.
• Beware of FOMO and enter with a well-thought-out strategy.
Do you think SOL will surpass 180 soon? Share your prediction