Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Solana surges 5% in 24 hours: Is the next step a rally or a slump?
ALTCOIN NEWS

Solana surges 5% in 24 hours: Is the next step a rally or a slump?

By Crypto FlexsJanuary 15, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Solana surges 5% in 24 hours: Is the next step a rally or a slump?
Share
Facebook Twitter LinkedIn Pinterest Email

  • SOL is up more than 5% in the last 24 hours.
  • Most market indicators remained bullish for the token.

Solana (SUN) According to CoinMarketCap, silver has performed well against the current bear market, with its price up more than 5% in the last 24 hours. This was a bullish sign, but the token may fall and here’s why.

Solana is pumping!

The ETF approval hit the prices of most cryptocurrencies as price charts turned red. But Solana behaved differently as it began its uptrend.

At the time of this writing, SOL was the fifth-largest cryptocurrency, trading at $96.88, with a market capitalization of over $41.8 billion.

Since the cryptocurrency price was rising, AMBCrypto planned to check social indicators. Despite the rise in price, SOL’s social dominance has fallen over the past week, meaning it has become less popular.

Weighted Sentiment also remained low, meaning bearish sentiment towards the token is dominant in the market.

Source: Santiment

Will Solana’s price fall further?

According to the latest dataset, brushThe price of was a pattern that suggested that the price of SOL could plummet. Popular cryptocurrency analyst Crypto Tony recently posted a tweet highlighting this scenario.

According to the tweet, the price of Solana could fall to $76, which could be a good opportunity for investors to accumulate more SOL.

$SOL / $USD – update

Of course, if it can drop to $76.00, it would be a good buying opportunity. pic.twitter.com/hqx4zw0DL6

— Crypto Tony (@CryptoTony__) January 13, 2024

Therefore, AMBCrypto checked SOL’s metrics to understand whether the possibility of SOL falling to $76 was viable. According to our analysis, it seemed unlikely that SOL would plummet to the aforementioned levels as Binance funding rates remain high.

This means that derivatives investors purchased SOL at higher prices during press time. Additionally, SOL’s Open Internet has risen along with its price, suggesting a continuation of the current trend.

Source: Santiment


Realistic or not, the following is SOL market cap based on BTC


AMBCrypto checked out SOL’s daily chart to get a better understanding of what to expect from Solana. especially, brushThe Money Flow Index (MFI) and Relative Strength Index (RSI) rose slightly, suggesting a potential price rise.

However, the remaining indicators were not so positive. Solana’s MACD showed a clear bearish crossover. Chaikin Money Flow (CMF) is also moving in a southward direction, indicating that the token’s upward rally may soon come to an end.

Source: TradingView

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The market will select US regulatory stable coins more than CBDCS every day of CBDCS every day.

July 3, 2025

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025
Add A Comment

Comments are closed.

Recent Posts

Trump’s truth social file for encryption blue chip ETF with SEC

July 8, 2025

G-Knot Appoints Fintech, Crypto Veteran Wes Kaplan As CEO To Launch The First Finger Vein Biometric Wallet

July 8, 2025

GrayScale XRP ETF GETS sec NOD: XRP price prediction and market impact

July 8, 2025

Distribute Crypto Media Release That Get Attention

July 8, 2025

GUNZ Announces $GUN Token Expansion To Solana

July 7, 2025

NEXST Launches Web3 VR Entertainment Platform With K-Pop Group UNIS As First Global Partner

July 7, 2025

Elon Musk announces that his “American Party” will accept Bitcoin and criticizes Trump’s financial bill.

July 7, 2025

From Wall Street to Wallet: Ark Defai redefines financial architecture.

July 7, 2025

What Every Investor Should Know

July 6, 2025

Protecting Your Portfolio In A Volatile Market

July 6, 2025

A Trader’s Guide To Smarter Moves

July 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Trump’s truth social file for encryption blue chip ETF with SEC

July 8, 2025

G-Knot Appoints Fintech, Crypto Veteran Wes Kaplan As CEO To Launch The First Finger Vein Biometric Wallet

July 8, 2025

GrayScale XRP ETF GETS sec NOD: XRP price prediction and market impact

July 8, 2025
Most Popular

BNB Smart Chain (BSC) has recorded its highest trading volume ever. Emphasis on network stability and capacity

December 11, 2023

Prosperity of the Fools? BitBoy Predicts BTC Bullishness on April 1

August 12, 2024

Polygon (MATIC) Hires New DeFi Head: What You Need to Know About Daniel Oon

August 22, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.