💥Forecast for Solana as Daily Trading Volume Exceeds $1.7 Billion: Are Whales Buying?💥

💥The Solana price fell 0.3% to $111.96 in 24 hours while the crypto market gained 1.5% today.

💥Despite its lack of movement today, SOL is up 7% in the previous week, 22.5% in the last 30 days, and 370% in the past year.

💥The coin's trading volume has risen over $1.7 billion in recent days, indicating momentum for additional rises.

💥After dropping in recent days, SOL may recover in the first part of this week.

💥Its relative strength indicator has risen to 60 after falling close to 55 over the weekend, indicating that some traders are buying the currency at a discount.

💥SOL's 30-day moving average is above its 200-day (blue), and its price is above both.

💥This shows that the token is still expanding and that, despite its recent decline, its medium- and long-term direction is upward.

💥Whales are purchasing the coin again, suggesting volume is rising.

💥SOL is the most popular cryptocurrency among institutional funds after Ethereum (ETH), with CoinShares' latest Digital Asset Fund Flows report showing $838 million in SOL under management.

💥Despite not being this week, the Solana price will likely rise as the market continues to rise due to increased Bitcoin ETF volumes and the imminent Bitcoin halving.

💥Solana's platform expansion will also assist, since SOL-based NFT demand is driving blockchain network transaction volumes.

💥Two weeks ago, it had an outage, but engineers fixed it fast, and everything appear to be back to normal.

💥The SOL price may hit $150 in the next months before exceeding $200 in the summer.

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