🚀 Analysts Predict More $SOL Price Growth! 📈
Solana (SOL) has been through some turbulence lately, but analysts are still bullish on its future! Despite a 17.13% drop during last week’s crypto market meltdown, experts are optimistic about a recovery. 🌐
After hitting a record high of $263.83 post-US elections in November, SOL has been navigating a slight dip, but it’s not over yet. Glassnode and other analysts believe the market is just getting started, with the crypto bull cycle still in its early stages. 🔥
Key Insights:
💸 Net Capital Inflow: SOL has seen a positive capital inflow since September 2023, reaching $776 million per day!
📊 Investor Activity: Long-term and short-term investors are showing strong interest in SOL, with profit-taking coming from coins aged 1 day to 1 year.
📉 MVRV Ratio: Solana is moving between the mean and +0.5 standard deviation, signaling a hot market—but not overheated yet.
📈 Impressive Growth: Solana has surged 2,143% since its 2022 price dip to $9.64 and has outperformed Bitcoin and Ethereum on 344 of 727 trading days. 💥
Current Price: $194.58 (-0.50% today)
Market Cap: $9.94 Billion
🚀 Volume Up by 18.94%!
🔍 Is Solana ready for more gains, or will it face a correction?
💬 Drop your thoughts below and stay ahead with Binance!
#BullishOutlook #BTC #Write2Earn!
#MarketAnalysis
