Solana has thrown more than $ 40 billion of cryptocurrencies in the past seven days. Amid this land pressure on Sol, merchants take precautions to reduce the risk of liquidation on their bets. Nevertheless, the fluctuation has affected Solana investors.
Seoul faces dantasy pressure, but merchants are still active
According to CoinmarketCap DataTraders who are betting on increasing positive prices of $ 5.18 billion in Solana on trading platforms. While the massive prices have caused losses, optimism in the size of the size may originally restore investor confidence.
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During the past 24 hours, Sol decreased by 4.35 %, and is currently trading at $ 137.17 until the time of the press. The decrease in prices also affected the Solana national value, as it recorded a decrease of 2.90 % to 70.24 billion dollars.
Despite these descending signals, Solana investors are still optimistic about making a future price that may make profit. The trading volume witnessed an increase of 10.25 % to 5.18 billion dollars, as the market participants actively participate in the transportation of the currency.
Although Sol is currently testing the support level of $ 136, some analysts suggest that the original may be exaggerated, as shown by RSI. If this is the case, so Solana can spread soon. Based on the historical precedence, some analysts expect a crowd in late March or early April.
Will Solana restore momentum?
As I mentioned earlier by U.today, Solana’s growth decreased by about 88 %. This tremendous decrease may affect the ecological system, given that the number of new Solana addresses has also decreased.
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Stakeholders are betting that the inclusion of Sol in the American strategic coding reserve list may lead to a shift. They hope to adopt more Sol users, which increases purchases.
Meanwhile, the planned launch of the SOL futures by CME Group, a Chicago -based commercial giant, can positively affect the long -term market value of Solana. This step has been described as decisive to the organizational approval of the immediate Solana Trochiedrad (ETF) Fund in the United States
