Solana rebounds fiercely, SOL surges to $196, can two major positives help it break $225?
Hey, crypto friends, Solana has really been strong these days, rebounding directly by 3.53% to a price of $196! The bullish momentum is simply amazing!
Speaking of which, this wave of Solana's rebound relies entirely on positive capital inflow and strong technical indicators. The price recovery has been so fierce, with capital flowing in rapidly, making it thrilling to watch.
Looking at the price trend, rebounding all the way up from the key position of $175 is truly eye-catching. The 50-day moving average is also firmly supporting the price, even higher than the 200-day moving average, which is a clear bullish signal.
However, we shouldn't be too optimistic, as there are still some small fluctuations in the MACD indicator. In the short term, there seems to be a slight downward trend, but the selling pressure seems to be slowly diminishing, which means the situation might stabilize soon.
Speaking of this, investors should keep a close eye on the reversal of the MACD indicator, as it relates to whether the current rebound can be sustained. Also, trading volume has been soaring, indicating that everyone is actively participating, with both retail and institutional investors scrambling for SOL.
As for the capital inflow, since September 2023, Solana has been steadily making profits, with gains far exceeding losses. This influx of capital has laid a solid foundation for price appreciation, rising from $20 all the way to around $200, which is truly astonishing.
Looking at the daily inflow peak, $776 million is no small amount, and investors' confidence is rock solid. From previous capital outflows to the current large inflows, this turnaround is remarkable, sweeping away bearish sentiment and solidifying the foundation for continued growth.
Therefore, Solana's development trajectory is full of expectations. Capital inflow and price trends are both positive signals. However, to break the major barrier of $225, we still need to see if Solana can maintain the current level of capital inflow.
Don't be blinded by short-term fluctuations; let Rose guide you, revealing a potential coin that is expected to multiply tenfold or more! Follow Rose, leading you out of confusion towards financial freedom! Like + comment for free sharing!
