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Solana (SOL) Eyes Recovery as Price Inches Closer to $240
The post Solana (SOL) Eyes Recovery as Price Inches Closer to $240 appeared on BitcoinEthereumNews.com. Solana is trading at $237, marking a 5% gain over the past 24 hours. SOL has witnessed a 24-hour liquidation of $21.96 million. With multiple altcoins experiencing price breakouts, the crypto market is eyeing an approaching altcoin season. The chart reports the largest altcoin Ethereum (ETH), gained momentum, trading at $3.7K. Looking at the altcoins, Solana (SOL) has experienced notable price fluctuations. Solana has reached its all-time high (ATH) of $263.83 on November 23. SOL’s effort to reclaim the high has faced strong resistance. Eventually, the pullback has ignited anxiety about its potential corrections. Despite that, analysts anticipate that December will bring in more gains. Notably, the altcoin has spiked over 5%, with a $112 billion market cap. At press time, Solana trades at $237.33. The intra-day trading price of the altcoin is noted at $240. SOL has witnessed a 24-hour liquidation of $21.96 million, as per Coinglass data. Consequently, the daily trading volume of SOL has reached $8.58 billion. Over the past thirty days, Solana’s price has surged by over 47.30%. This upward trend pointed toward a price breakout and SOL’s outlook remained positive. The asset began trading in the $161 range and later ascended to the current levels. On the other side, Pumpfun has deposited 100,000 SOL, worth $23.45 million to Kraken. It has transferred a total of 998,869 SOL valued at $200 million, selling 264,373 Solana for $41.64 million USDC. To date, the entity has acquired 1,595,278 SOL, valued at $381 million. Will Solana Break Through to New Highs? The four-hour price chart of Solana remarked the upside correction. As SOL holds above the $230 threshold, a bullish outlook hovers around the market. If Solana jumps to the $240 mark, it could target its crucial resistance at $245.47. Breaking through this resistance would potentially push the altcoin…
The post Solana (SOL) Eyes Recovery as Price Inches Closer to $240 appeared on BitcoinEthereumNews.com.
Solana is trading at $237, marking a 5% gain over the past 24 hours. SOL has witnessed a 24-hour liquidation of $21.96 million. With multiple altcoins experiencing price breakouts, the crypto market is eyeing an approaching altcoin season. The chart reports the largest altcoin Ethereum (ETH), gained momentum, trading at $3.7K. Looking at the altcoins, Solana (SOL) has experienced notable price fluctuations. Solana has reached its all-time high (ATH) of $263.83 on November 23. SOL’s effort to reclaim the high has faced strong resistance. Eventually, the pullback has ignited anxiety about its potential corrections. Despite that, analysts anticipate that December will bring in more gains. Notably, the altcoin has spiked over 5%, with a $112 billion market cap. At press time, Solana trades at $237.33. The intra-day trading price of the altcoin is noted at $240. SOL has witnessed a 24-hour liquidation of $21.96 million, as per Coinglass data. Consequently, the daily trading volume of SOL has reached $8.58 billion. Over the past thirty days, Solana’s price has surged by over 47.30%. This upward trend pointed toward a price breakout and SOL’s outlook remained positive. The asset began trading in the $161 range and later ascended to the current levels. On the other side, Pumpfun has deposited 100,000 SOL, worth $23.45 million to Kraken. It has transferred a total of 998,869 SOL valued at $200 million, selling 264,373 Solana for $41.64 million USDC. To date, the entity has acquired 1,595,278 SOL, valued at $381 million. Will Solana Break Through to New Highs? The four-hour price chart of Solana remarked the upside correction. As SOL holds above the $230 threshold, a bullish outlook hovers around the market. If Solana jumps to the $240 mark, it could target its crucial resistance at $245.47. Breaking through this resistance would potentially push the altcoin…
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