SOL welcomes numerous positive news, on-chain activity has significantly increased
The rebound momentum is strong, and the market may further explode!
🔹 The market expectation for SOL may usher in a new round of upward trends. After SOL spiked to $203, it found support around $205 and quickly rebounded, indicating a very strong trend.
🔹 Especially in the past few days, SOL's daily trading volume has increased significantly, nearly doubling to $6 billion, setting a record high since November. From the bull-bear ratio, many investors believe SOL still has room for growth in the future.
🔹 The key now is whether SOL can break through $240 and solidify its support. If it successfully stabilizes, this cryptocurrency may aim for a new high of $269. Currently, the price of SOL is $232, having risen 6.8% in the past 24 hours. However, the frequent spike phenomena in a bull market lead to market sentiment fluctuations, with excessive bullish funds causing some panic, resulting in a slight decline in trading volume. The market's cautious sentiment is intensifying, and this cautious attitude may be a necessary factor for the healthy development of the crypto space.
