Following signs of warmth in the encryption market, Solana followed Bitcoin to a point of $86. The market focus is shifting, and whether this round of rebound will continue to push SOL back on the $100.
Almost 24 hours to $86.
The CoinGecko data show that SOL has increased by nearly 12 per cent over the past 24 hours, by 16.4 per cent over 14 days, and by about 9.5 per cent during the year. However, in a longer cycle, SOL has fallen by more than 50 per cent in the past year, about 70 per cent above its historical high of 293.31 dollars.
Last time I stood, it was in February.
The article mentions that the last transaction of SOL over $100 was in February this year. If the current upturn in the market continues, it is not impossible for SOL to reach this integer level again.
At this stage, however, resistance remains. Bitcoin, though re-positioned at $69,000, is still struggling in the vicinity of $70,000 and has not yet made a stronger breakthrough.
Bitcoin and SOL are under resistance.
Where Bitcoin was unable to further open up space, SOL also faced significant resistance near the current price range. According to the article, if the purchase continues to slow down, the price may shift to cross-arrangement.
From the original information, the round was driven more by the overall rebound of the market than by progress on a single project. Therefore, SOL ' s continued highs will depend on the subsequent performance of Bitcoin and the continuation of overall market risk preferences.
- SOL latest touch $86
- 24 hours, close to 12%.
- Historic height is 293.31 dollars.