The encryption market has fallen victim to a significant correction during the past few days, causing most encryption. However, the good news is that the scenario has now begun to change again for the benefit of investors. Thanks to this, Solana Price also shows promising signs of recovery. However, would this be enough for Soul to restore the roof of the missing market recently and help start a new altcoin gathering?
A closer look at the work of Solana Price
When the bears led the market last week, the price of Solana decreased by more than 14 % during that period. However, the bulls took control of last day and raised the currency price by more than 12 %-a clear sign of a potential full recovery.
Meanwhile, Coinvo, a famous famous trader and investor, tweet, and revealed an interesting development. A tweet highlighted that Solana Price was close to re -testing the huge trend line. Soul value today Successfully higher than this support area, its price is $ 108. Another hints at the rise in prices in the coming days.
$ Sol It is close to re -testing the massive trend line now! 👀 pic.twitter.com/62ybmg4ipf
– Coinvo (bycoinvo) April 7, 2025
Will the bulls maintain their progress?
Hyblock Capital data clearly suggested that buying pressure on Solana has increased significantly over the past 24 hours. This was clear than the purchase scale, which had a reading of more than 99. It represents a number closer to 100 increasing purchase activities, while the number closer to 0 indicates that he does not buy many investors.
Aside from this, it was also interesting to note that although Sol Price decreased during the past week, his open interest also follows a similar path, according to what he said Coinglass data. The lower the scale, it is alluded to the reflection of the potential direction. Ergo, now after Solana Price has gained an upward momentum, the chances of continuous rising range cannot be excluded.
The Altcoin season may be delayed
However, nothing can be said with maximum certainty as a major indicator in the market that has remained landing on Altcoins, which includes Solana. The Altcoin season index was reading 18, which means that it was fierce towards Bitcoin. Although Solana Price is in the direction of ascending, it is unlikely to start the Altcoin season in the short term.
male Predicting at the price of SolanaIf the bulls maintain their upper hand on the market as suggested by the above standards, Solana Price may soon regain $ 120 before targeting its levels in March.
Latest words
In conclusion, while Solana Price shows strong signs of recovery and momentum ascending, the full altcoin season still looks far away due to the current market morale. However, Solana’s ongoing gains can lead to a leadership when the next altcoin rally begins.
Related questions (common questions)
Solana PRICE shows biopsy, as she wore more than 12 % after correcting the last market.
not yet. The Altcoin season index remains low, indicating that the market hegemony still lies in Bitcoin.
Increased purchase pressure, a strong support area, and positive prices indicate a potential upward trend for Solana.
Depayan Mitra
Dipayan is a full -time journalist and editor working in the WEB3 field. He has more than 4 years of experience in the media industry. Dipayan, who graduates in the press, is very interested in maintaining the update of itself with the latest developments in the encryption space. Technical analysis and evaluation of market trends is what specializes in it. His work was shown on popular encryption platforms like Ambrypto.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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