On-chain analysis platform Santiment attracted attention with its cryptocurrency analysis dated September 14.
In his X post on September 14, Santiment included Bitcoin, Ethereum and especially Solana.
According to analysts, the huge movement in the cryptocurrency market on Friday led to the opening of significant new leveraged and margin transactions in Bitcoin and Ethereum.
This intense interest in Bitcoin and Ethereum led to a significant increase in trading volumes on exchanges, while the prices of these assets also attracted the attention of investors. A great deal of effort was observed, especially among traders, and short-term price movements in both assets were largely driven by speculation.
Solana failed to generate high volume
In contrast, although Solana also showed a notable performance by moving above the $140 level, this move did not generate as much trading volume as Bitcoin and Ethereum.
Despite Solana’s price breaking the $140 barrier, investors have not shown much interest in the asset, which some analysts consider a positive sign.
Experts say that the market generally does not enter the overbought zone and that this silence in Solana could be a sign of a potential rise.
Leveraged transactions on exchanges and the majority of traders turning to Bitcoin and Ethereum caused Solana to follow a calmer course.
According to CoinGecko data, Solana has increased by 2% in the last 24 hours and is trading at $142 at the time of writing.
Stay tuned for new information.
