Price Fluctuations and Increasing Trend in Solana

In the second half of March, major cryptocurrencies such as Bitcoin and Solana experienced fluctuations. Bitcoin first surged with a sharp correction and then crossed the $70,000 mark. SOL, on the other hand, found its direction by forming a rising flag formation and then retracing from the $210 level, continuing to sustain its market value. Solana’s Technical Indicators The price movement of SOL indicated the formation of a flag pattern to break out of the bearish trend. Currently trading at $181 with a 5% intra-day loss, SOL holds a market value of $80.5 billion, and the transaction volume of DEXs on the Solana blockchain exceeded $50 billion. Observed Increase in SOL Price The Solana ecosystem drew attention by showing a 126% increase compared to the previous month, indicating increased interest and liquidity. The Solana price may continue its rise by breaking above the flag formation, or it might continue with […]

Price Fluctuations and Increasing Trend in Solana

In the second half of March, major cryptocurrencies such as Bitcoin and Solana experienced fluctuations. Bitcoin first surged with a sharp correction and then crossed the $70,000 mark. SOL, on the other hand, found its direction by forming a rising flag formation and then retracing from the $210 level, continuing to sustain its market value.

Solana’s Technical Indicators

The price movement of SOL indicated the formation of a flag pattern to break out of the bearish trend. Currently trading at $181 with a 5% intra-day loss, SOL holds a market value of $80.5 billion, and the transaction volume of DEXs on the Solana blockchain exceeded $50 billion.

Observed Increase in SOL Price

The Solana ecosystem drew attention by showing a 126% increase compared to the previous month, indicating increased interest and liquidity. The Solana price may continue its rise by breaking above the flag formation, or it might continue with a correction if the triangle support is broken.

Solana’s price has the potential to continue its upward trend by breaking the upper boundary of the formation. A successful breakout can lead buyers to higher targets. However, an unexpected downturn can push SOL’s value below $150.

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