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Why Solana’s Latest Rally Has Analysts Watching the $100 and $120 Levels


Why Solana’s Latest Rally Has Analysts Watching the $100 and $120 Levels

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AI Overview

Solana (SOL) has rebounded strongly, rising over 13% in the past week and delivering more than 30% gains for the month while trading around $80 despite a market-wide retracement after Strategy's BTC sale. On-chain activity has picked up, indicating stronger token performance and rising crypto adoption with potential positive implications for DeFi and DEX/CEX usage.

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Solana (SOL) has posted a strong recovery after rising more than 13% over the past week. The latest uptrend has pushed its monthly gains to over 30%. At the time of writing, the crypto asset was trading at around $80 despite a market-wide retracement following Strategy’s BTC sale.

Alongside the price moves, on-chain activity has also picked up.

Read the article at CryptoPotato

In This News

Coins

$ 63.96K

-0.27%

$ 76.89

-1.42%

$ 0.00186


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In This News

Coins

$ 63.96K

-0.27%

$ 76.89

-1.42%

$ 0.00186


Funds

Predictions Markets

See what traders are focused on

View analytics →
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