Solana (SOL) Price Rebounds Breaking the $50 Psychological BarrierPublished 1 month ago Views (15) News
35 seconds ago | 2 mins read Altcoin News Solana has been down 3.51% in the last 24 hours. SOL may soar to a high of $78 if the $58.80 wall is breached.
It’s hard to tell how much longer this consolidation will last since a positive side effect of tightening supply increases price volatility. Solana is poised for a huge price change even as the cryptocurrency industry suffers from Terra’s tailspin.SOL/USDT: Source: TradingView
Bulls Trying to Dominate
One of May’s lowest-performing cryptocurrencies was Solana. The first 12 days of the month showed a 60% reduction in pricing for Layer 1 blockchain. It has recovered more than 40% from its swing low of $36.20, but SOL remains in a consolidation pattern that predicts greater volatility in the near future. However, it has broken the $50 psychological barrier.
On the hourly chart, the price of Solana has formed an upward triangle since May 11. An apparent horizontal resistance trend line has formed at $58.80 on the series of swing highs, while a rising trend line has formed on the series of swing lows. Breakouts may occur both up and down from this kind of technical...
Nora Roberts was born in Silver Spring, Maryland, the youngest of five children. After a school career that included some time in Catholic school and the discipline of nuns, she married young and settled in Keedysville, Maryland.
- 1. Signs, Effects, and Health Risks of Cocaine Addiction
- 2. What Is Off-Page Optimization And How Does It Work in SEO?
- 3. Bridget Brink Biography, Net Worth, Wiki, Age, Height, Husband
- 4. Osita Nwanevu Bio, Net Worth, Wiki, Age, Height, Girlfriend, Family
- 5. Ava Maybee Biography, Net Worth, Wiki, Age, Height, Boyfriend, Parents
- 6. Patrick Mullen Bio, Net Worth, Wiki, Age, Height, Girlfriend, Family
- 7. Mike Parker Biography, Net Worth, Wiki, Age, Height, Girlfriend, Parents
- 8. Spencer Strider Bio, Net worth, Wiki, Age, Height, Girlfriend
- 9. Hana Horka Bio, Net Worth, Wiki, Age, Height, Husband, Family
- 10. Inem Akpan Biography, Net worth, Wiki, Age, Height, Boyfriend