Solana Surpasses Ethereum Is a Solana Bull Run Imminent

  • Solana’s trading volume dipped, but interest grew, hinting at investor confidence despite market fluctuations.

  • Ethereum’s derivatives indicate bullish sentiment, though its market performance slightly declined.

  • Expert forecasts suggest Solana might peak at $154.79 by December 2024, with Ethereum potentially reaching $2,634.51.

Solana (SOL) has recently surged ahead of Ethereum (ETH), capturing the attention of investors and traders alike. This unexpected shift raises a tantalizing question: Could this be the start of a major bull run for Solana?

Solana’s Current Market Overview

Solana is trading at $154.40 with a 24-hour volume of $2.68 billion. Its market cap currently stands at $72.54 billion, with a slight 0.60% drop in price. There are 469.8 million SOL coins in circulation.

The Relative Strength Index (RSI) of Solana is at 59.60, indicating mild upward momentum without reaching the overbought threshold of 70. The Moving Average Convergence Divergence (MACD) shows a bullish crossover, suggesting possible price increases.

Source: TradingView

Solana’s Derivatives and Trading Insights

In derivatives, Solana’s trading volume has fallen by 21.13%…

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