Solana bucks the trend, up 8% in 24 hours. Will Solana's gains continue?
Despite the significant decline experienced by the cryptocurrency market in the past 24 hours, Solana has shown strong resilience and has rebounded significantly.
Solana has achieved significant growth in the past 24 hours, ranking among the top five crypto assets. According to CoinMarketCap, Solana has risen by more than 8% during this period.
This performance is particularly noteworthy when compared to other major cryptocurrencies. For example, Ethereum, another major asset, has only achieved a modest growth of just over 1%.
Meanwhile, the rest of the major crypto assets have changed by less than 1%, fluctuating between small gains and losses.
Despite the overall market downturn, especially the decline of Bitcoin and most altcoins on June 24, Solana has achieved a significant recovery, closing the day at around $132, up more than 2.8%. However, despite these positive developments, technical indicators show that Solana is still in a bearish trend.
Although Solana is showing some bullish signals in the short term, it has yet to form a rally strong enough to change the long-term trend.
