{"id":526549,"date":"2023-04-12T08:15:09","date_gmt":"2023-04-12T08:15:09","guid":{"rendered":"https:\/\/uniquehot.com\/?p=526549"},"modified":"2023-04-12T08:15:09","modified_gmt":"2023-04-12T08:15:09","slug":"solana-sparkles-in-last-24-hours","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/solana-sparkles-in-last-24-hours\/","title":{"rendered":"Solana Sparkles With Highest 24-Hour Gain Among Top 10 Cryptos"},"content":{"rendered":"
Solana [SOL] has been on a roll lately, leaving investors in anticipation of how far its crypto can rise. But is this just a fleeting moment of glory, or is there more to Solana’s surge than meets the eye?\u00a0<\/span><\/p>\n Over the last few hours, the crypto has been on an unstoppable upward trajectory, outpacing other top 10 cryptocurrencies in terms of market capitalization. With a 12% gain in the last 24 hours, Solana is making headlines and drawing attention from even the most skeptical investors.\u00a0<\/span><\/p>\n So, what’s behind Solana’s incredible performance, and is it here to stay?<\/span><\/p>\n At the time of writing, the price of SOL stands at $23.71, <\/span>according to Coingecko<\/span><\/a>, representing a 5.2% rally in just 24 hours. But that’s not all \u2013 over the last seven days, the crypto has seen an equally impressive 12.4% rally, cementing its position as a rising star in the digital currency world.\u00a0<\/span><\/p>\n <\/p>\n As investors eagerly watch and wait, the question on everyone’s mind is whether this star is destined for even greater heights, or whether it will come crashing back down to earth.<\/span><\/p>\n Over the past 24 hours, SOL experienced a remarkable surge in volume, soaring by over 200%. This dramatic increase in trading activity coincided with a positive shift in investors’ outlook on SOL, as their sentiments turned bullish in response to the market’s upswing.<\/span><\/p>\n Another indicator of SOL’s growing popularity was its Binance funding rate, which rose significantly. This rise in funding rate points to a heightened demand for SOL in the derivatives market.<\/span><\/p>\n Furthermore, SOL’s price volatility has increased over the last few hours, specifically within the past week. This uptick in price movement further bolsters the potential for a continued upward trend for SOL.<\/span><\/p>\n Investors looking to capitalize on cryptocurrency trends should take note of <\/span>SOL’s recent bullish market indicators<\/span><\/a>. With the Relative Strength Index (RSI) indicating a sharp uptick and the Chaikin Money Flow (CMF) crossing the neutral mark, the Bollinger Bands are also showing that SOL’s price is leaving a less volatile zone.<\/span><\/p>\nSolana Positive Sentiments Boost Its Market Position<\/strong><\/h2>\n
SOL Price: Market Indicators Favor Bulls<\/strong><\/h2>\n