After noticeably declining prices in recent days, Solana is now ready to attend a huge bullish rally due to the movement of upward prices on the daily time frame. Sol is one of the best cryptocurrencies, with its technology and its adoption greatly, recently reached a record level.
Despite this bullish development, the assets have witnessed a noticeable decrease in prices due to the morale of the Haboodi market. However, the feelings began to recover, and Seoul now gained momentum upside down.
Solana (Sol) and the next levels
According to expert technical analysis, Sol appears up as a bullish difference in its daily time frame, indicating that the original is ready for a huge march. The bullish difference is rare and occurs when the price price makes less, while the RSI indicator (RSI) is a higher height. These signals that gain bulls are strength and support for the origin to get a price jump.
Based on the latest procedures for prices and historical momentum, if the original exceeds $ 120, it may rise by 42 % to reach $ 180 in the coming days.
Current price momentum
Sol is currently trading near $ 126, as it has risen over 8 % in the past 24 hours. During the same period, the trading volume increased by 25 %, indicating an increase in the participation of traders and investors compared to the previous day.
The biological measures on the chain
With this bullish procedure for prices and the continuous market recovery, it seems that traders and investors are participating strongly and taking place on the ups. Coinglass.
At a value of $ 60 million, it deserves the external flow
The immediate flow/external flow data reveals that exchanges have witnessed a large amount of $ 60 million of distinctive symbols in the past 24 hours, indicating a possible accumulation and causing purchase pressure and bullish momentum.
Excessive positions of merchants in the predecessors
In addition, merchants have increased their open positions over the past 24 hours. According to the data on the series, the open interest of Sol increased by 11 %. At the time of the press, merchants are exceeding $ 125.8 and 128.5 dollars, after they built long jobs worth $ 40 million and $ 23 million in short centers during the same period.
By combining these standards on the series and technical analysis, it appears that the bulls have returned, and the original can soon recover the level of $ 180 in the coming days.
