Solana (SOL) Set for 25% Rally, Breakout Imminent?
In the recent market uncertainty, the native currency SOL of the Solana blockchain seems to be stronger and stronger, and it is expected to reach a new historical high, because it has formed a price behavior model in the four -hour frame. When examining its current prospects, traders and investors showed strong strength and confidence in the assets.
Solana (SOL) technical analysis and upcoming level
According to the technical analysis of Coinpedia, SOL has formed a symmetrical triangle price trend model and has reached the area where the potential breakthrough has been reached. According to the recent price trend, if SOL breaks through the model and close at a four -hour candle with a four -hour candle above $ 270, then it is likely to soar by 25 % in the next few days to reach the level of $ 330.
The relatively weak index (RSI) is 54, indicating that SOL may break through this model and may soar significantly.
Solana’s DEX trading volume record
In addition to this bullish price trend, Decentralized exchange (DEX) show that Solana is becoming increasingly strong. Recently, DEFILLAMA on the Chain Analysis Company revealed that the total DEX Dex transaction volume based on SOL reached 202.7 billion US dollars, exceeding Ethereum, and the latter has recorded only $ 63.21 billion in the past month.
From this point of view, SOL -based DEX seems to be more concerned than other DEX tools based on different blockchain.
40 million US dollars SOL flowing out
According to the chain analysis company report, with this strong development and the use of records, long -term holders have been accumulating tokens Coin glassEssence Data of spot inflow/outflow shows that within the past 24 hours, SOL outflows worth $ 40.6 million in exchanges have appeared.
A large amount of funds from the exchange indicate that long -term holders may accumulate funds and may cause purchase pressure, which leads to further rising momentum.
SOL’s current transaction price is close to $ 258, and the price has fallen by 0.50%in the past 24 hours. During the same period, its transaction volume fell by 32%, indicating that traders’ participation decreased from the previous day.
