In the event of the last uncertainty in the market, it appears that Sol, the original symbol of the Solana Blockchain, has become more powerful and prepared to make the highest new level ever, as it formed a loud price pattern on the four -hour time frame. While examining their current expectations, merchants and investors showed strong strength and confidence in the first place.
Solana (Sol) and the next levels
According to the technical analysis of Coinpedia, Sol formed a similar working pattern and reached an area indicating a possible outbreak. Based on the last price procedure, if Sol violates the pattern and closes a four -hour candle above $ 270, there is a strong possibility that can rise by 25 % to reach the level of $ 330 in the coming days.
The RSI indicate in 54 indicates that Sol has the ability to breach this style and can rise dramatically.
Solana Dexs record size
Besides this bullish basic procedure, the size created by dexes (Dexs) indicates that Solana is increasing strength after a day. Recently, the Sillama Analysis Company, Deflalama, revealed that Dexs is based in SOL, which recorded 202.7 billion dollars in large size, exceeding ETHEREUM, which recorded only 63.21 billion dollars last month.
Looking at this, the Sol -based Dexs appears to have more attention than other DeX tools based on the different Blockchains.
$ 40 million of external flow
With this strong development and the adoption of records, the long -term owners accumulated the distinctive symbol, as stated by the Analysis Company on the series Coinglass. Data from the immediate flow/external flow revealed that exchanges have witnessed a large flow of $ 40.60 million in the past 24 hours.
This large flow of stock exchanges indicates a potential accumulation by long -term holders and can create purchase pressure, leading to more upscale fluctuations.
Sol is currently trading near $ 258 and has witnessed a modest decrease in prices by 0.50 % over the past 24 hours. During the same period, the trading volume decreased by 32 %, indicating a decrease in participation from merchants compared to the previous day.
