SOL Price Soars 125% – Ethereum Killer on Winning Streak!
• Solana (SOL) has skyrocketed over 125% since the start of 2023.
• SOL trading volume climbed about 65%.
• The blockchain witnessed technical glitches on February 25 after an hour of update.
Solana (SOL) Price Skyrockets Over 125%
Solana (SOL) is back on track to its winning ways with significant price surges. The “Ethereum Killer” (tagged by themself) has soared over 125% since the start of 2023 and is currently trading between the $22 and $23 price mark, which climbed about 2.5% in the last 24 hours and more than 11% over the previous week.
Solana Indicates Buy Signal
The Decentralized Finance (DeFi) and Non-Fungible Token (NFT) ecosystems are expanding, and SOL has contributed to its current growth boom. At the time of writing, Solana (SOL) traded at $22.72 with a 24-hour trading volume of $1,12 billion, which rose more than 65%. And SOL has a market cap of $8.6 billion, hikes around 2% in the last 24 hours. Also, Solana price increased by 10% in the last 14 days, as per CoinGecko data. The daily RSI gained momentum after breaking out from its bearish divergence trend line and indicates a “Buy Signal.”
Recent Technical Glitches
In the aftermath of the FTX collapse, Solana dives into the dip of the $9 price level. Also, the blockchain witnessed technical glitches on February 25th after an hour of update; however this did not have any long term effect on their prices or performance metrics.
Bull Market Trend
Solana’s protocol has one of the most diverse ecosystems, and now it enters a bull market trend with all other top-performing altcoins; if it breaks through resistance levels then it could reach up to next resistance level at $37.
Conclusion
Overall Solana can be seen as riding strong in light of recent tech problems; its value continues to rise steadily with no signs that it will slow down anytime soon!
