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Solana (SOL) Records Impressive Gains Amidst Market Recovery


by CoinEdition

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Solana (SOL) Records Impressive Gains Amidst Market Recovery
  • SOL was one of the biggest gainers of the top 10 cryptos after a more than 5% increase over the past 24 hours.
  • The altcoin’s price was able to break above the 9 and 20 EMA lines on its 4-hour chart.
  • At press time, SOL was trading hands at $21.24 after a price increase of more than 5%.

Most cryptocurrencies printed gains over the past 24 hours of trading, and as a result, the global market cap saw an increase of 1.91% over this period of time. The last 24 hours were also kind to the top 10 cryptos by market cap, and one of the biggest gainers was the Ethereum-killer Solana (SOL).

Data from CoinMarketCap indicated that SOL was trading hands at $21.24 after a 24-hour price increase of more than 5%. This price boost was, however, not enough to pull SOL’s weekly performance back into the green as SOL was down 6.26% over the past seven days.

SOL’s success throughout the past day did allow it to strengthen against the market leaders, Bitcoin (BTC) and Ethereum (ETH), by about 3.87% and 3.22% respectively. On the other hand, the altcoin’s 24-hour trading volume experienced a 6.94% drop, and stood at $366,983,467.

4-hour chart for SOL/USDT (Source: TradingView)
4-hour chart for SOL/USDT (Source: TradingView…

The post Solana (SOL) Records Impressive Gains Amidst Market Recovery appeared first on Coin Edition.

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Solana (SOL) Records Impressive Gains Amidst Market Recovery


by CoinEdition

Share:

Solana (SOL) Records Impressive Gains Amidst Market Recovery
  • SOL was one of the biggest gainers of the top 10 cryptos after a more than 5% increase over the past 24 hours.
  • The altcoin’s price was able to break above the 9 and 20 EMA lines on its 4-hour chart.
  • At press time, SOL was trading hands at $21.24 after a price increase of more than 5%.

Most cryptocurrencies printed gains over the past 24 hours of trading, and as a result, the global market cap saw an increase of 1.91% over this period of time. The last 24 hours were also kind to the top 10 cryptos by market cap, and one of the biggest gainers was the Ethereum-killer Solana (SOL).

Data from CoinMarketCap indicated that SOL was trading hands at $21.24 after a 24-hour price increase of more than 5%. This price boost was, however, not enough to pull SOL’s weekly performance back into the green as SOL was down 6.26% over the past seven days.

SOL’s success throughout the past day did allow it to strengthen against the market leaders, Bitcoin (BTC) and Ethereum (ETH), by about 3.87% and 3.22% respectively. On the other hand, the altcoin’s 24-hour trading volume experienced a 6.94% drop, and stood at $366,983,467.

4-hour chart for SOL/USDT (Source: TradingView)
4-hour chart for SOL/USDT (Source: TradingView…

The post Solana (SOL) Records Impressive Gains Amidst Market Recovery appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 84.82

+7.78%

Share:

In This News

Coins

$ 84.82

+7.78%

Share:

Read More

Solana Price Prediction: Can Solana Defend $67 as Momentum Stays Bearish?

Solana Price Prediction: Can Solana Defend $67 as Momentum Stays Bearish?

Solana trades near $80 after months of sustained downside pressure that reshaped its ...
Bitcoin spikes 6% on softer US inflation but the CPI record still has holes after the shutdown

Bitcoin spikes 6% on softer US inflation but the CPI record still has holes after the shutdown

At 8:30 a.m. in New York, the world paused for the January U.S. inflation data, and i...