Solana (SOL) Price has gradually followed the promotable rise of Bitcoin (BTC) and Etthe over the past few days. Large Cap Altcoin recorded 17 % pumps for a total of $ 89.8 billion diluted and a 24 -hour average trading volume of about $ 8.8 billion in Friday, May 9, to trade about $ 173 in the North American trading session.
After volatility increased, Solana’s leverage market has been liquidated by about $ 33 million in the last 24 hours. Meanwhile, Solana’s warm -up liquidation on indigenous exchange has reached more than $ 47 million in the last 24 hours, increasing the chance of short pressure.
Solana networks thrive with institutional investors.
Solana Network has attracted significant cash inflows from institutional investors led by SOL strategy in the last few quarters. The noteworthy Memecoin growth in the Solana network has helped to raise its total value to more than $ 8.7 billion.
As COINPEDIA reported, some fund managers are trying to provide Solana ETF in the United States. Moreover, the US SEC of the Donald Trump administration accelerated professional creepto in two months compared to Gary Jenler’s four -year term.
SOL price intermediate goal
From a technical point of view, it is safe to say that Solana Price is influenced by strong emotions. For two hours, SOL prices have successfully rebounded from the dropout of the fall trend.
When the two -hour frame MACD line exceeds the zero line and the relative robbery index (RSI) more than 70 %, Sol Price is currently aiming for $ 187 and $ 240. Altcoin is fully confirmed by the SOL Price’s macroscopic variable post beyond the 200 -day moving average (SMA).