The price of Solana has risen by 18%

in #bybit • 2 months ago

The price of Solana has risen by 18%

The price of Solana has risen by 18% in the past 24 hours.

SOLUSDT.P 4h _2024-10-24_14-47-50.png

The price of Solana has risen by 18% in the past 24 hours. This is largely due to newly launched memes hosted on the Solana blockchain. Savvy traders seeking market opportunities during the market dip flocked to Solana memes and this led to a demand for Sol as the native token Sol is used to buy and sell memes and mint nfts on the Solana blockchain ecosystem.

Degen news X post on Sol.png

Sol/Eth hits all time high with Solana price outperforming Eth.

Cointelegraph X post on Sol.png

According to Cointelegraph Solana chart has formed a bullish cup and handle which could lead to a price rally to $4,500.

SOLUSDT.P 4h _2024-10-24_14-47-50.png

Solana price on the 4 hour timeframe is above the cloud and the cloud indicators are all bullish.

SOLUSDT.P 1d _2024-10-24_14-48-28.png

On the 1 day timeframe Solana price is above the cloud and the cloud indicators are all bullish.

SOLUSDT.P 1w _2024-10-24_14-48-47.png

Solana on the 1 week timeframe the conversion line is about to cross above the base line and this could lead to Solana being bullish in the coming weeks and months.

SOLUSDT.P 1month _2024-10-24_14-49-05.png

On the 1 month timeframe Solana price is above the cloud and the conversion line is above the base line.

#crypto #sol #solana
2 months ago in #bybit by
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