bitcoin
Bitcoin (BTC) $ 23,068.18
ethereum
Ethereum (ETH) $ 1,581.94
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 307.71
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.412074
binance-usd
Binance USD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.089022
cardano
Cardano (ADA) $ 0.38697
solana
Solana (SOL) $ 24.21
matic-network
Polygon (MATIC) $ 1.15
polkadot
Polkadot (DOT) $ 6.46
tron
TRON (TRX) $ 0.062649
bitcoin
Bitcoin (BTC) $ 23,068.18
ethereum
Ethereum (ETH) $ 1,581.94
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 307.71
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.412074
binance-usd
Binance USD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.089022
cardano
Cardano (ADA) $ 0.38697
solana
Solana (SOL) $ 24.21
matic-network
Polygon (MATIC) $ 1.15
polkadot
Polkadot (DOT) $ 6.46
tron
TRON (TRX) $ 0.062649
-5.8 C
Chicago
HomeMarket UpdatesSolana curiosity grows as value eyes a bullish push after weekly 40%...

Solana curiosity grows as value eyes a bullish push after weekly 40% positive aspects


  • Solana token has gained by virtually 40% in every week as community exercise surge

  • The weekly positive aspects have been impressed by the Bonk token airdrop

  • SOL faces resistance at $14

Solana (SOL/USD) is making a powerful return after a troublesome spell in 2022. Frequent hacks, FTX collapse, and a chronic crypto winter are a number of the ails of Solana in 2022. Particularly, the FTX crash noticed SOL fall beneath $10. However a return of almost 40% in every week is sending an announcement that traders aren’t completed with the proclaimed Ethereum killer.Β 

In keeping with Solana Basis head of technique and communications Austin Federa, SOL is defying the FTX contagion. The community has seen growing on-chain exercise for customers and builders. He says no tasks are migrating from the blockchain, underlining Solana’s strengths and efficiency.Β 

The most recent positive aspects in SOL come amid elevated investor curiosity. That comes after the launch of the Shiba-Inu-themed Bonk (BONK) token. In keeping with the most recent cryptocurrency information, BONK will probably be airdropped for as much as 50% of its provide. About 20% of the airdrop will go to Solana NFT collections. The event has seen a number of tasks on Solana combine bonk tokens to be used in transactions on listed NFTs.Β 

SOL value outlook and evaluation approaching resistance

SOL/USD Chart by TradingView

From the technical outlook, SOL is barely bullish however largely bearish. The indicator is approaching the impartial zone, though it reveals SOL is bearish. Resistance lies at $14, barely beneath the SOL value.Β 

See also  Toncoin (TON/USD) is on the verge of a breakout

What subsequent for the SOL value?

The positive aspects inΒ SOL value are optimistic after a chronic bear market. Nonetheless, $14 will probably be a check for bulls. A bullish state of affairs will probably be strengthened if the cryptocurrency breaks above the resistance stage. That might see SOL preserve the uptrend to $18 and past.

On the flip facet, SOL will face bears at $14. Consumers may additionally exit on the overhead resistance to pressure a correction. That might see the token retest the $11 or $10 backside.

The place to purchase SOL

eToro

eToro gives a variety of cryptos, similar to Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro customers can join with, study from, and replica or get copied by different customers.

Purchase SOL with eToro immediately

Public

Public is an investing platform that permits you to make investments shares, ETFs, crypto, and various belongings like tremendous artwork and collectiblesβ€”multi function place.

Purchase SOL with Public immediately

CoinsTeacher

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

Explore More

Related Articles