Token

Cryptocurrency

Solana

Resistance

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/solana-surges-in-crypto-market/" data-wpel-link="internal">Solana Surges in Crypto Market</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/bitcoin-aniden-22-000-dolar-kripto-paralar-neden-yukseliyor" data-wpel-link="internal">Cryptocurrency</a></strong> market’s recent standout, Solana (<a href="https://en.coin-turk.com/controversial-transfers-from-ftx-related-addresses-raise-concerns/" data-wpel-link="internal">SOL</a>), has captured the attention of investors and analysts with its impressive performance over the last 24 hours. SOL’s price has risen over 9%, reigniting its upward momentum and is now competing with <a href="https://en.coin-turk.com/cryptocurrency-analyst-pentoshi-forewarns-of-market-downturn-and-bnbs-future/" data-wpel-link="internal">BNB</a> coin in terms of market value.</p> 
<h2 style="text-align: justify" id="solana-breaks-significant-resistance">Solana Breaks Significant Resistance</h2> 
<p style="text-align: justify">Having surpassed the daily chart resistance level of $184, SOL is now poised to overcome the $200 barrier. Breaking this critical level could lead to further gains for the cryptocurrency.</p> 
<p style="text-align: justify">However, industry experts and crypto analysts suggest that SOL’s price movement could continue towards the all-time high of $259 seen in November 2021.</p> 
<p style="text-align: justify">Moreover, analysts note that SOL is currently consolidating within a symmetrical triangle formation on the daily timeframe, and a breakout from this formation could trigger an “explosive” price movement for SOL, potentially leading to a return to previous all-time high levels around $255.</p> 
<p style="text-align: justify">SOL’s renewed upward momentum is supported by a significant increase in trading volume. With a 74.20% increase in the last 24 hours, reaching a trading volume of $4,514,426,127, this indicates heightened activity in the market.</p> 
<h2 style="text-align: justify" id="solana-s-ascendancy-continues">Solana’s Ascendancy Continues</h2> 
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/memeland-announces-exciting-meme-airdrop-initiative/" data-wpel-link="internal">Token</a> Terminal</strong>‘s latest data shows that Solana’s fundamental metrics indicate a rapidly growing interest among investors in this <a href="https://coin-turk.com/aleo-ekibinden-buyuk-hata-bazi-kullanicilarin-kisisel-verileri-sizdirildi" data-wpel-link="internal">Blockchain</a>. But what data supports this claim?</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-333170 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/solana-sol-token-terminal-coin-turk-com-.webp" alt="" width="634" height="345"></p> 
<p style="text-align: justify">Firstly, let’s look at Solana’s market value. The fully diluted market value exceeds $99.32 billion, showing a 70.0% increase over the last 30 days. This suggests a swift rise in Solana’s popularity.</p> 
<p style="text-align: justify">However, the circulating market value is even more noteworthy. Considering the tokens currently in circulation, this value exceeds $77.05 billion, with a 71.3% increase in the last 30 days. These figures indicate that Solana is attracting new interest beyond satisfying current investors.</p> 
<h2 style="text-align: justify" id="transaction-fees-on-the-sol-network">Transaction Fees on the SOL Network</h2> 
<p style="text-align: justify">Looking at the transaction fees on the Solana network, over the past 30 days, fees have generated $51.46 million, representing a staggering 220.7% increase, which shows increased usage and demand for the network. Annually, these fees reach $626.15 million, supporting Solana’s sustainable revenue model.</p> 
<p style="text-align: justify">In terms of revenue, Solana also presents a positive picture. The revenue over the last 30 days has exceeded $25.73 million, and on an annual basis, this figure surpasses $313.08 million. This situation demonstrates Solana’s potential for future growth and its strong position within the network.</p> 
<p style="text-align: justify">However, the duration of this upward momentum remains a significant question mark. We will wait to see if Solana reaches its all-time high levels, but for now, it’s clear that Solana maintains a strong presence in the world of cryptocurrency.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/solana-surges-in-crypto-market/" data-wpel-link="internal">Solana Surges in Crypto Market</a></h5>

Solana Surges in Crypto Market

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