SOL welcomes numerous positive news
On-chain activity significantly increases
The rebound momentum is strong, and the market may further explode!
🔹 Recently, SOL has been frequently reporting good news, and on-chain data also shows that its activity continues to rise, with market expectations potentially entering a new round of upward trends. After a spike at 203 dollars, SOL found support around 205 dollars and rebounded quickly, indicating a strong trend.
🔹 Especially in the past few days, SOL's daily trading volume has surged, nearly doubling to 6 billion dollars, setting a record high since November. From the long-short ratio, many investors believe there is still room for SOL to rise in the future.
🔹 The current key is whether SOL can break through 240 dollars and solidify its support. If it can successfully hold, this currency may aim for a new high of 269 dollars. Currently, the price of SOL is 232 dollars, having risen 6.8% in the past 24 hours. However, frequent spikes in a bull market can lead to fluctuations in market sentiment, and excessive long positions have caused 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 cryptocurrency space.
