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Solana (SOL) Flips Major Resistance as Analyst Predicts $250 Target.
In a recent development within the crypto market, Solana (SOL) has shown remarkable performance by flipping a major resistance level into support, according to prominent crypto analyst Jelle. The digital asset, which has been in the limelight for its fast transaction speeds and low fees, is now heading toward what could be a record-breaking summer.
According to Jelle's latest analysis, accompanied by a detailed chart, Solana has successfully turned its last significant resistance level before reaching new all- time highs into a support level. This crucial pivot is a key indicator of bullish sentiment surrounding the asset, with Jelle stating that this momentum is going to last longer and SOL is going above the $250 level by summer.
Solana eyeing new all-time high.
The chart shared by Jelle illustrates a robust upward trajectory for Solana, showcasing a significant rebound and sustained upward momentum. After a period of consolidation and bearish trends, the recent breakout signifies a potential shift in investor sentiment and market dynamics. The all-time high marker set at approximately $259.90 is now within reach, with the asset currently trading around the $190.24 mark.
Over the last 24 hours, SOL has seen a substantial increase of 9.22%, and an impressive surge of 85.53% over the past month, indicating a robust recovery and growing investor confidence. The trading volume of Solana also mirrors this positive trend, with a 48.23% increase in the last 24 hours, currently standing at $3,389,882,302.
Market analysts and investors are closely monitoring Solana's performance, as the crypto has demonstrated resilience and innovation in its ecosystem's development. The flip from resistance to support not only marks a technical achievement but also reinforces Solana's position as a strong contender in the crypto space!
In a recent development within the crypto market, Solana (SOL) has shown remarkable performance by flipping a major resistance level into support, according to prominent crypto analyst Jelle. The digital asset, which has been in the limelight for its fast transaction speeds and low fees, is now heading toward what could be a record-breaking summer.
According to Jelle's latest analysis, accompanied by a detailed chart, Solana has successfully turned its last significant resistance level before reaching new all- time highs into a support level. This crucial pivot is a key indicator of bullish sentiment surrounding the asset, with Jelle stating that this momentum is going to last longer and SOL is going above the $250 level by summer.
Solana eyeing new all-time high.
The chart shared by Jelle illustrates a robust upward trajectory for Solana, showcasing a significant rebound and sustained upward momentum. After a period of consolidation and bearish trends, the recent breakout signifies a potential shift in investor sentiment and market dynamics. The all-time high marker set at approximately $259.90 is now within reach, with the asset currently trading around the $190.24 mark.
Over the last 24 hours, SOL has seen a substantial increase of 9.22%, and an impressive surge of 85.53% over the past month, indicating a robust recovery and growing investor confidence. The trading volume of Solana also mirrors this positive trend, with a 48.23% increase in the last 24 hours, currently standing at $3,389,882,302.
Market analysts and investors are closely monitoring Solana's performance, as the crypto has demonstrated resilience and innovation in its ecosystem's development. The flip from resistance to support not only marks a technical achievement but also reinforces Solana's position as a strong contender in the crypto space!
$SOL
Top 5 Trending Cryptos in the Market Right Now** 🚀
📊 **Bitcoin (BTC)**:
- **Market Cap**: $658.7 billion
- **Price**: $33,694
- **24H Change**: +6.91%
- **Trading Volume**: $80.6 billion
🔹 **Celer Network (CELR)**:
- **Market Cap**: $77.9 million
- **Price**: $0.014
- **24H Change**: +8.95%
🔗 **Chainlink (LINK)**:
- **Market Cap**: $5.6 billion
- **Price**: $10.04
- **24H Change**: -1.34%
🐸 **Pepe (PEPE)**:
- **Market Cap**: $392 million
- **Price**: $0.0000009
- **24H Change**: +16.56%
☀️ **Solana (SOL)**:
- **Market Cap**: $12.5 billion
- **Price**: $30.15
- **24H Change**: +0.45%
📝 **Conclusion**:
These are the top 5 cryptos in the market right now according to live data. However, it is important to always check and refresh to see what’s trending daily because the market is extremely volatile and can change rapidly. Each of the tokens listed here has its own features and use case. Depending on your needs as an investor, you can make the right choice from the list that fits.
*Disclaimer*: This content is for educational purposes and should not be taken as financial advice. Whatever you do with the above information is your choice. Make sure you do due diligence and consult an investment adviser before you proceed. 🚀📊$SOL #BTC🔥🔥🔥🔥 #HotTrends
Top 5 Trending Cryptos in the Market Right Now** 🚀
📊 **Bitcoin (BTC)**:
- **Market Cap**: $658.7 billion
- **Price**: $33,694
- **24H Change**: +6.91%
- **Trading Volume**: $80.6 billion
🔹 **Celer Network (CELR)**:
- **Market Cap**: $77.9 million
- **Price**: $0.014
- **24H Change**: +8.95%
🔗 **Chainlink (LINK)**:
- **Market Cap**: $5.6 billion
- **Price**: $10.04
- **24H Change**: -1.34%
🐸 **Pepe (PEPE)**:
- **Market Cap**: $392 million
- **Price**: $0.0000009
- **24H Change**: +16.56%
☀️ **Solana (SOL)**:
- **Market Cap**: $12.5 billion
- **Price**: $30.15
- **24H Change**: +0.45%
📝 **Conclusion**:
These are the top 5 cryptos in the market right now according to live data. However, it is important to always check and refresh to see what’s trending daily because the market is extremely volatile and can change rapidly. Each of the tokens listed here has its own features and use case. Depending on your needs as an investor, you can make the right choice from the list that fits.
*Disclaimer*: This content is for educational purposes and should not be taken as financial advice. Whatever you do with the above information is your choice. Make sure you do due diligence and consult an investment adviser before you proceed. 🚀📊$SOL #BTC🔥🔥🔥🔥 #HotTrends
$BTC $ETH $BNB
As you know, there was a very serious correction in the market yesterday and many long traders were knocked out of their positions. This was to be expected, since we have grown for a very long time without any particular correction.
However, as you can see, the downward movement did not take long to be absorbed and we have almost completely absorbed yesterday's drain candle.
🫱Price resumption of movement above and above local support zones is a priority. Therefore, we continue to work from buy to trend again
#BTC #ETH✅ #BNB #solana✈️
As you know, there was a very serious correction in the market yesterday and many long traders were knocked out of their positions. This was to be expected, since we have grown for a very long time without any particular correction.
However, as you can see, the downward movement did not take long to be absorbed and we have almost completely absorbed yesterday's drain candle.
🫱Price resumption of movement above and above local support zones is a priority. Therefore, we continue to work from buy to trend again
#BTC #ETH✅ #BNB #solana✈️
$FIDA $FIDA $BTC $BNB
A quick profit train, wait for it to return to the price of $100 in a few days
Take my words carefully, this currency will come back strong
the reason :
The entry of new investors into the currency over the past few days and the pressure to buy
The currency is in sharp decline
Your chance is now 🚀#FIDA #BTC #SUN
A quick profit train, wait for it to return to the price of $100 in a few days
Take my words carefully, this currency will come back strong
the reason :
The entry of new investors into the currency over the past few days and the pressure to buy
The currency is in sharp decline
Your chance is now 🚀#FIDA #BTC #SUN
Nine spot #Bitcoin ETFs acquired 264,232.74 $BTC in just over five weeks since Jan. 11, 2024. Blackrock's IBIT is at the top, having 43.89%. They own 115,989.80 Bitcoins, worth $5.95 billion. Fidelity's FBTC is second, with 31.76%. They have 83,928.16 Bitcoins, valued at $4.3 billion. Ark Invest's ARKB has 26,640 Bitcoins, which is about $1.3 billion as of February 17, 2024. Bitwise ranks fourth, holding 22,518 BTC, valued at $1.1 billion. Grayscale's GBTC reduced its Bitcoin holdings by 161,046.16 since January 12, 2024, and now has 456,033.83 Bitcoins. #Write2Earn #TrendingTopic #Bitcoin
