Solana (SOL) and Current State of the Cryptocurrency Market Analysis

As Bitcoin hovers around 63,500 dollars again, with altcoins starting weak, LUNA and related tokens have risen following Do Kwon’s house arrest. This seems to be an advantage for the founder of Terra, who planned to flee to Kurdistan. So, what is the current state of Solana (SOL)? Current State of Solana (SOL) Solana (SOL) provided significant profits to investors who bought at low prices, but prices fell as interest in meme coins declined due to Bitcoin’s fluctuations. Solana’s RSI value has stabilized and the total locked value (TVL) of the chain has exceeded 4 billion dollars. This increase indicates interest in the following DeFi protocols, but there is a difference between the current price and its all-time high. A record for DeFi transactions was also broken on March 14, and since the release of new Solana tokens, high transaction volume has been observed on DEX platforms. SOL Coin Price […]

Solana (SOL) and Current State of the Cryptocurrency Market Analysis

As Bitcoin hovers around 63,500 dollars again, with altcoins starting weak, LUNA and related tokens have risen following Do Kwon’s house arrest. This seems to be an advantage for the founder of Terra, who planned to flee to Kurdistan. So, what is the current state of Solana (SOL)?

Current State of Solana (SOL)

Solana (SOL) provided significant profits to investors who bought at low prices, but prices fell as interest in meme coins declined due to Bitcoin’s fluctuations. Solana’s RSI value has stabilized and the total locked value (TVL) of the chain has exceeded 4 billion dollars. This increase indicates interest in the following DeFi protocols, but there is a difference between the current price and its all-time high. A record for DeFi transactions was also broken on March 14, and since the release of new Solana tokens, high transaction volume has been observed on DEX platforms.

SOL Coin Price Prediction

When long-term average indicators, such as the 20 EMA and 50 EMA, are held below, it usually indicates a consolidation phase. It appears that significant short-term movements have ended for SOL Coin, and this indicates that the price will move in a narrow range. If there is a price correction for SOL Coin, the support levels of 161 dollars and then 137 dollars become important. If consolidation ends and BTC price strengthens, a return to the 205-210 dollar range may be possible.

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how to buy crypto?
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  • ethereumEthereum(ETH)
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  • tetherTether(USDT)
    $1.00-0.03%
  • binancecoinBNB(BNB)
    $579.62-0.11%
  • solanaSolana(SOL)
    $174.010.84%
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    $1.000.01%
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  • the-open-networkToncoin(TON)
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