Solana (SOL) Records 14-Month High with Firedancer Testnet Launch
- SOL’s impressive 80% monthly gain solidifies its position among the top cryptocurrencies, with potential for a $50 breakthrough.
- Solana’s partnership with Amazon AWS and Firedancer’s scaling solution signals a bright future for the blockchain.
- Technical indicators suggest a potential negative trend for SOL/USD, with the RSI and MACD pointing towards a bearish movement.
Solana (SOL) has marked a significant milestone, soaring to a 14-month high of $46. This remarkable rally, a 12% increase in the last 24 hours, has erased the losses sustained following the FTX crypto exchange collapse. Despite the unstacking of over 500K Solana coins worth $21 million by FTX, the SOL bulls have maintained their dominance, showcasing the asset’s robustness.
Moreover, this upward trajectory has propelled Solana’s monthly gains beyond 80%, outshining its peers in the top ten cryptocurrencies with a year-to-date performance surpassing 350%. This feat draws attention to Solana’s potential to sustain the $40 support level, which could set the stage for an ascent to $50.
Solana’s Strategic Moves
As the decentralized finance (DeF…
The post Solana (SOL) Records 14-Month High with Firedancer Testnet Launch appeared first on Coin Edition.
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Solana (SOL) Records 14-Month High with Firedancer Testnet Launch
- SOL’s impressive 80% monthly gain solidifies its position among the top cryptocurrencies, with potential for a $50 breakthrough.
- Solana’s partnership with Amazon AWS and Firedancer’s scaling solution signals a bright future for the blockchain.
- Technical indicators suggest a potential negative trend for SOL/USD, with the RSI and MACD pointing towards a bearish movement.
Solana (SOL) has marked a significant milestone, soaring to a 14-month high of $46. This remarkable rally, a 12% increase in the last 24 hours, has erased the losses sustained following the FTX crypto exchange collapse. Despite the unstacking of over 500K Solana coins worth $21 million by FTX, the SOL bulls have maintained their dominance, showcasing the asset’s robustness.
Moreover, this upward trajectory has propelled Solana’s monthly gains beyond 80%, outshining its peers in the top ten cryptocurrencies with a year-to-date performance surpassing 350%. This feat draws attention to Solana’s potential to sustain the $40 support level, which could set the stage for an ascent to $50.
Solana’s Strategic Moves
As the decentralized finance (DeF…
The post Solana (SOL) Records 14-Month High with Firedancer Testnet Launch appeared first on Coin Edition.
Read More