Solana SOL The recent bullish sentiment has benefited the asset. Recently, this asset regained its $160 worth and is currently trading for around $166. SOL’s value is also up today by over 6% and 16% for the week.
Solana has returned with its price trend, and is claiming that the previous price levels may be breached to a possible new high. SOL’s prices are rising due to recent changes that have been made.
According to Solana’s website, the company has seen a 21% increase in sales over the last month. CoinMarketCap. Solana had a lot of optimism heading into this new year. It was long believed that the network could compete against Ethereum’s decentralized network. This has been proven to be true just four months into this year.
Also Read: What is the Solana Saga Phone?
The native SOL has also benefited from the growing number of meme coins on the Solana network. SOL is on the rise according to a new analysis of SOL. “compressing” Within a triangle formation, an indication of a price surge is imminent. Triangular formations can be a catalyst for a price surge.
SOL, thanks to its bullish momentum and upcoming new record highs in the market. next Bull run. Considering the strong sentiment surrounding the asset and the native network of this network, $250 doesn’t seem impossible.
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Source: watcher.guru