According to Glassnode data, Solana$SOL has significantly risen from a low of $9.64, increasing by 2,143% over two years, surpassing Bitcoin and Ethereum since the cycle low in November 2022.
Currently, Solana is trading at $199, with the relative strength index below 40, indicating weakness and potential oversold conditions.
Recent Glassnode data shows that after a sharp drop to $9.64, Solana made a remarkable recovery, achieving a growth of 2,143% over two years. Trading now at $199, SOL has increased by 3.31% in the last 24 hours. However, this growth comes amid bearish sentiment, as the relative strength index (RSI) is below the 40 mark, indicating weakness and potential oversold conditions.
Solana has become one of the leading platforms in the cryptocurrency sector and has gained recognition for its speed, scalability, and cost-effectiveness of transactions. However, it faces the challenge of regaining the bullish momentum it experienced in November when it reached an all-time high of $263.96. After the collapse with FTX and the consequences of that drop, the value of SOL fell below $100 in 2022. #2024withBinance #2025Outlook #2024Crypto
