Grok

Solana

Defi

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 <p class="paragraph">With many assets in the cryptocurrency sector continuing to record gains under the influence of the market representative and maiden crypto, Bitcoin (BTC), Solana (SOL) has been making steady advances as well, with signs pointing to even more intense gains in the near future.</p>
 <p class="paragraph">Specifically, Solana has recently broken out of an ascending triangle it has been making for over two months, or since early 2024, “retested it uncomfortably deep and then turbo-bounced,” according to the observations shared by pseudonymous crypto analyst <em>CryptoJelleNL </em>in an X post on March 6.</p>
 <p class="paragraph">As the crypto trading expert further explained, considering such chart pattern movements by the currently fifth-largest asset in the cryptoverse by market capitalization, Solana could take off “HARD from here,” suggesting a possibly massive bullish rally in the making.</p>
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    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <figure class="wp-block-image"><img decoding="async" width="900" height="549" src="https://cdn.thebittimes.com/images/2024/03/06/9198bed780635d670cf531fcc3918847.webp" alt class="wp-image-159031" srcset="https://cdn.thebittimes.com/images/2024/03/06/9198bed780635d670cf531fcc3918847.webp 900w, https://cdn.thebittimes.com/images/2024/03/06/9198bed780635d670cf531fcc3918847.webp 300w, https://cdn.thebittimes.com/images/2024/03/06/9198bed780635d670cf531fcc3918847.webp 768w" sizes="(max-width: 900px) 100vw, 900px">
  <figcaption class="wp-element-caption"><em>Solana price action <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> since November 2023. Source: </em><em>CryptoJelleNL</em>
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 <p class="paragraph">Elsewhere, on top of the optimistic price movements, this asset has recently recorded the best week ever in terms of volumes on Solana-based decentralized exchanges (DEXs), having hit $11.24 billion in the period between February 25 and March 2, according to the most recent data retrieved from <em>Defi Llama.</em></p>
 <figure class="wp-block-image"><img decoding="async" width="1181" height="466" src="https://cdn.thebittimes.com/images/2024/03/06/4cedae18a9d88fcbb93ea98b665ee4e4.webp" alt class="wp-image-159032" srcset="https://cdn.thebittimes.com/images/2024/03/06/4cedae18a9d88fcbb93ea98b665ee4e4.webp 1181w, https://cdn.thebittimes.com/images/2024/03/06/4cedae18a9d88fcbb93ea98b665ee4e4.webp 300w, https://cdn.thebittimes.com/images/2024/03/06/4cedae18a9d88fcbb93ea98b665ee4e4.webp 1024w, https://cdn.thebittimes.com/images/2024/03/06/4cedae18a9d88fcbb93ea98b665ee4e4.webp 768w" sizes="(max-width: 1181px) 100vw, 1181px">
  <figcaption class="wp-element-caption"><em>Solana-based DEXs volume. Source: </em><em>Defi Llama</em>
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 <h2 class="wp-block-heading" id="h-solana-price-analysis">Solana price analysis</h2>
 <p class="paragraph">Meanwhile, Solana’s native token was at press time changing hands at the price of $132.01, which represents an increase of 1.19% in the last 24 hours, adding up to the 18.96% gain across the previous seven days, as well as accumulating a 35.95% advance over the past month, as the latest charts indicate.</p>
 <figure class="wp-block-image"><img loading="lazy" decoding="async" width="750" height="496" src="https://cdn.thebittimes.com/images/2024/03/06/6d170b78ca1baca9c7820f0a9b95b04b.webp" alt class="wp-image-159033" srcset="https://cdn.thebittimes.com/images/2024/03/06/6d170b78ca1baca9c7820f0a9b95b04b.webp 750w, https://cdn.thebittimes.com/images/2024/03/06/6d170b78ca1baca9c7820f0a9b95b04b.webp 300w" sizes="(max-width: 750px) 100vw, 750px">
  <figcaption class="wp-element-caption"><em>Solana 30-day price chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">All things considered, Solana looks poised for even higher gains, provided it retains its bullish momentum and other factors assist it in this endeavor, such as the volumes on its DEXs. However, it is important to carry out one’s own research before investing in any asset.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/brace-for-strong-solana-sol-surge-here-s-why-tbt81736.html">https://thebittimes.com/brace-for-strong-solana-sol-surge-here-s-why-tbt81736.html</a></p>

Brace for strong Solana (SOL) surge; Here’s why

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