ព័ត៌មាន Altcoin- 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. សូឡាណា is poised for a huge price change even as the cryptocurrency industry suffers from របស់ថេរ៉ា tailspin.
Bulls Trying to Dominate
One of May’s lowest-performing រូបិយប័ណ្ណសម្ងាត់ 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 setup.
នេះមានន័យថា SOL is likely to have a strong correction due to the lack of trade activity in cryptocurrency exchanges. This might cause Layer 1’s price to go as low as $44 or even $40. A positive bias is understandable given the size of Solana’s losses in the last month. The commencement of a bullish trend can only be signaled by a sustained hourly closing above the $58.80 resistance level.
Solana may soar to a high of $78 if such a critical supply wall is breached. According to សម្ព័ន្ធអង្គការ CMCតម្លៃ Solana ថ្ងៃនេះ គឺ $50.61 USD ជាមួយនឹងទំហំជួញដូរ 24 ម៉ោង $1,821,724,558 USD។ Solana បានធ្លាក់ចុះ 3.51% ក្នុងរយៈពេល 24 ម៉ោងចុងក្រោយ។
Source: https://thenewscrypto.com/solana-sol-price-rebounds-breaking-the-50-psychological-barrier/