#Solana #SOL #Crypto #ContentStar


What's Behind Solana's (SOL) Price Up Today?
Solana's SOL price is on the rise today, boosted by both technical and on-chain factors. With SOL currently at $159, up by approximately 4% in the last 24 hours and 32.6% from its recent low, the crypto's resilience is evident. Solana's network activity is a standout, representing over 30% of daily transactions across major layer 1 and layer 2 networks. Moreover, its total transaction fees surged by about 417%, surpassing competitors like BNB Chain and Tron. Solana's TVL in smart contracts also saw a significant 19% increase over the last week, coinciding with a 15% price uptick. From a technical standpoint, SOL has reclaimed a crucial support level, indicating a potential breakout. The MACD's recent cross is seen as a buy signal, suggesting further upside potential. If SOL maintains momentum, it could aim for a 28% recovery toward the neckline of a v-shaped chart pattern around $202. However, failure to stay above key support levels could pose downside risks toward $139 or $125.
SOL1,86%
BNB0,83%
TRX1,7%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
0/400
Nd4spdvip
· 2024-04-24 14:03
To Da Moon 🌕
Reply0
Myanuovip
· 2024-04-24 00:27
666 Ambush 100x coin 📈 Ambush 100x coin 📈 Ambush 100x coin 📈 Ambush 100x coin 📈
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)