加密貨幣屬於高風險資產類別,投資涉及重大風險,包括可能損失部分或全部投資。本網站資訊僅供參考及教育之用,不構成財務、投資或交易建議。如需了解更多詳情,請閱讀我們的編輯政策。
加密貨幣屬於高風險資產類別,投資涉及重大風險,包括可能損失部分或全部投資。本網站資訊僅供參考及教育之用,不構成財務、投資或交易建議。如需了解更多詳情,請閱讀我們的編輯政策。
Since the bull market kicked off in late 2023, Solana (SOL) skyrocketed from $20 to $210 by March 2024, marking an extraordinary 850% increase. However, by Q2, SOL’s value dipped below $150, breaking a long-term support trendline.
Now, SOL is showing signs of rebounding, sparking optimism about its future potential. Market analyst Ansem pointed out the bullish trend in the SOLETH ratio, which compares SOL’s performance to Ethereum (ETH).
this is a rocket ship ready for liftoff pic.twitter.com/6pMeEXJIR1
— Ansem 🐂🀄️ (@blknoiz06) July 29, 2024
Ansem suggested that SOL could retest the $210 mark if it stays above $160.
Recent data indicates a significant recovery in Solana’s network activity, with daily active addresses surging past 2.2 million in July, reminiscent of the activity seen when SOL reached $210 in March.
This increased network traction might support SOL’s effort to reclaim its previous trendline support.
However, CryptoQuant’s technical indicators warn of a potential short-term price reversal due to overbought conditions. The Federal Reserve’s rate decision on July 31 could be a pivotal moment, with a dovish stance potentially boosting SOL, while a hawkish decision might hinder its progress.