Solana (Sol) gradually follow the concrete height of Bitcoin (BTC) and ETHEREUM (ETH) in the past few days. The All-CAP-CAP recorded, with a fully diluted evaluation of about $ 89.8 billion and the average trading volume 24 hours a day, about $ 8.8 billion, a pump of 17 percent last week for about $ 173 trading on Friday, May 9, during the subsequent North America trading session.
After the increased fluctuation, the profitable Solana market recorded a net of about $ 31 million in the past 24 hours. Meanwhile, the Solana qualifiers on the chain on her citizen Permanent exchanges It reached more than $ 47 million during the past 24 hours, thus increasing the possibility of short pressure.
The Solana Network thrives with institutional investors
Solana has attracted a large cash flow from institutional investors, led by Sol strategies, in the past few quarters. The prominent Memoin growth within the Solana Network has helped increase its total value that has been locked to more than $ 8.7 billion.
As Coinpedia mentioned, many box managers seek to introduce Solana ETFS in the United States. Moreover, the US Securities and Stock Exchange Commission under the Donald Trump administration has accelerated its pro -renting position within two months compared to the Gary Ginsler period for a period of four years.
The mid -range goal of the Sol price
Technically, it is now safe to say that Solana Price is under the influence of upward feelings. In the time frame for two hours, the Sol price recovered successfully from the outbreak of the falling direction.
With the MACD timetable for two hours after via the zero line and the RSI index (RSI) higher than the level of 70 percent, the Sol price is now aimed at $ 187 and the next $ 240. The overall Polimi position will be confirmed completely as soon as altcoin crosses over the average average of 200 simple days (SMA).
