Flow

Solana

Rise

MN Coin

Coin

<ul class="news-points"> 
 <li>SOL’s 38% surge signals renewed investor interest, hitting $30 for the first time since 2022.</li> 
 <li>Positive Chaikin Money Flow (CMF) and rising Stochastic RSI suggest SOL/USD may see further price hikes.</li> 
 <li>Despite doubts, Solana’s growing DeFi value and social dominance keep investors and enthusiasts optimistic.</li> 
</ul> 
The crypto market has recently witnessed a surge in bullish sentiment, propelling prices to new heights. Among the standout performers,<a href="https://coinedition.com/tag/solana-sol/"> Solana, a popular layer one blockchain project,</a> has captured the attention of investors worldwide. 
Since October 15, Solana has seen its value increase by over 38%, peaking at $30 for the first time since the November 2022 market turmoil. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img decoding="async" width="744" height="635" src="https://coinedition.com/wp-content/uploads/2023/10/SOL-USD-7-day-price-chart-source-CoinStats.png" alt="" class="wp-image-344836" srcset="https://coinedition.com/wp-content/uploads/2023/10/SOL-USD-7-day-price-chart-source-CoinStats.png 744w, https://coinedition.com/wp-content/uploads/2023/10/SOL-USD-7-day-price-chart-source-CoinStats-300x256.png 300w, https://coinedition.com/wp-content/uploads/2023/10/SOL-USD-7-day-price-chart-source-CoinStats-380x324.png 380w, https://coinedition.com/wp-content/uploads/2023/10/SOL-USD-7-day-price-chart-source-CoinStats-104x89.png 104w, https://coinedition.com/wp-content/uploads/2023/10/SOL-USD-7-day-price-chart-source-CoinStats-521x445.png 521w, https://coinedition.com/wp-content/uploads/2023/10/SOL-USD-7-day-price-chart-source-CoinStats-289x247.png 289w, https://coinedition.com/wp-content/uploads/2023/10/SOL-USD-7-day-price-chart-source-CoinStats-281x240.png 281w, https://coinedition.com/wp-content/uploads/2023/10/SOL-USD-7-day-price-chart-source-CoinStats-193x165.png 193w, https://coinedition.com/wp-content/uploads/2023/10/SOL-USD-7-day-price-chart-source-CoinStats-247x211.png 247w, https://coinedition.com/wp-content/uploads/2023/10/SOL-USD-7-day-price-chart-source-CoinStats-82x70.png 82w, https://coinedition.com/wp-content/uploads/2023/10/SOL-USD-7-day-price-chart-source-CoinStats-88x75.png 88w" sizes="(max-width: 744px) 100vw, 744px">
 </figure>
</div> 
SOL/USD 7-day price chart (source: <a href="https://coinstats.app/coins/solana/" target="_blank" rel="nofollow">CoinStats</a>) 
Solana was valued at $31.02 at press time despite a slight pullback from its weekly high. The last time Solana touched the $30 mark was during the collapse of FTX, making its recent performance even more notable. 
<h2 class="wp-block-heading" id="h-analyzing-the-factors-behind-solana-s-rise"><a></a>Analyzing the Factors Behind Solana’s Rise</h2> 
Several factors contribute to the heightened interest in Solana. Trading volumes have surged, and Solana’s total value locked in DeFi has shown a significant uptrend, indicating…
The post <a rel="nofollow" href="https://coinedition.com/sol-soars-38-in-a-week-will-solanas-bullish-run-continue/">​​SOL Soars 38% in a Week: Will Solana’s Bullish Run Continue?</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

SOL Soars 38% in a Week: Will Solana’s Bullish Run Continue?

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