Solana Price Surges Nearly 10% as Market Capitalization Reaches $76.88 Billion
Solana's Recent Performance
- Solana (SOL) increased nearly 10% in market value, rising from $128.34 to a high of $145.
- Current trading price is $144.70, marking a 7.91% increase over the past 24 hours.
- Market capitalization stands at $76.88 billion; trading volume reached $6.11 billion, up 29.86% in the last 24 hours.
- Technical indicators suggest potential for SOL to reach $161 in the mid-term.
Market Trends
- Prior to this rise, SOL experienced a downtrend due to market conditions, dropping as low as $128.34.
- Recent technical analysis shows a bullish crossover in MACD and an upward shift in the 12-period EMA over the 26-period EMA.
- The Relative Strength Index (RSI) indicates growing bullish momentum.
Everything Blockchain plans to invest $10 million into Solana and other leading cryptocurrencies to capitalize on their growth.
The BTC BULL token presale continues amid SOL's recovery, raising $7.3 million so far with a current price of $0.00258.