{"id":544677,"date":"2023-07-27T18:00:25","date_gmt":"2023-07-27T18:00:25","guid":{"rendered":"https:\/\/uniquehot.com\/?p=544677"},"modified":"2023-07-27T15:27:18","modified_gmt":"2023-07-27T15:27:18","slug":"solana-sol-records-positive-moves-as-bears-took-control-whats-pushing-it","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/solana\/solana-sol-records-positive-moves-as-bears-took-control-whats-pushing-it\/","title":{"rendered":"Solana (SOL) Records Positive Moves As Bears Took Control, What’s Pushing It?"},"content":{"rendered":"
The crypto market witnessed heightened volatility last week, with most coins observing steep declines.\u00a0<\/span>However, today, June 27, the market has registered a slight recovery as most coins posted a few gains, but SOL’s gain is the most notable among all.\u00a0<\/span><\/p>\n Solana’s native token, SOL, recorded over 3% price growth over the past 24 hours, while others, like Bitcoin, barely crossed 1%, given the significant increase. <\/span>The Ethereum killer is now number 9 <\/span>among the top-gaining coins<\/span><\/a> today. However, considering the steep volatility index, whether SOL bulls can sustain today’s rally remains uncertain.<\/span><\/p>\n Solana saw bearish days in June after the SEC listed it among tokens labeled as securities in its lawsuit against Binance and Coinbase.\u00a0<\/span>SOL\u2019s price<\/span><\/a> nosedived, dropping over 41% between June 3 and June 16. The asset\u2019s price consolidated between $15 and $19 until July.\u00a0<\/span><\/p>\n Related Reading: Shibarium Bridge Goes Live In Beta But There\u2019s A Catch<\/a><\/p>\n However, SOL reached a monthly high of $29.31 on July 13 after <\/span>news of Ripple\u2019s win<\/span><\/a> against the US SEC in the multi-year lawsuit circulated throughout the industry.\u00a0<\/span><\/p>\n Although the bearish momentum observed in the last seven days snatched some gains from the asset, its 30-day price movement remains bullish, with over 52% price growth.<\/span><\/p>\n Solana has lost 2.33% of its market valuation over the past seven days before rebounding with notable gains today. On Thurdsay morning, SOL traded at $25.25, with a 3.71% 24-hour price increase.<\/span><\/p>\nSOL Price Outlook<\/span><\/h2>\n