Solana

Bitcoin

Rise

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/significant-fluctuations-in-major-cryptocurrencies-including-solana/" data-wpel-link="internal">Significant Fluctuations in Major Cryptocurrencies Including Solana</a> 
In the second half of March, major cryptocurrencies, including <a href="https://en.coin-turk.com/bitcoin-and-solana-price-movements-in-the-current-market/" data-wpel-link="internal">Solana</a> (<a href="https://en.coin-turk.com/solana-sol-coin-analysis-will-the-bulls-hold-strong/" data-wpel-link="internal">SOL</a>), experienced significant fluctuations. <a href="https://coin-turk.com/unlu-kripto-uzmani-iddiali-kanitlarim-var-dedi-btc-ve-altcoinler-buraya-gidecek" data-wpel-link="internal">Bitcoin</a> (<a href="https://coin-turk.com/bloomberg-acikladi-2020-bitcoin-ve-altinin-yili-olacak" data-wpel-link="internal">BTC</a>) price underwent a sharp correction, rising to $60,000, but then surpassed $70,000 within two weeks, contributing to a sense of unpredictability among market participants. 
<h2 id="flag-formation-indicates-a-potential-rise-for-sol">Flag Formation Indicates a Potential Rise for SOL</h2> 
Despite this consolidation, SOL price is showing the opportunity to create a directional rise with the formation of a bullish flag pattern. Amid the latest market correction, the Solana rally retraced from the $210 barrier and shifted its price trajectory to a horizontal direction on the 4-hour chart. The consolidation bouncing between two converging trend lines indicates the formation of a technical chart pattern known as a flag. 
Currently, SOL price is trading at $181, with a 5% intraday loss moving towards the lower trend line of the formation. With a market value of $80.5 billion, Solana continues to hold its position as the fifth-largest cryptocurrency. According to the latest analytical reports from SolanaFloor, decentralized exchanges (<a href="https://coin-turk.com/merkezsiz-borsa-nedir" data-wpel-link="internal">DEX</a>) on the Solana blockchain have reached a remarkable milestone with over $50 billion in transaction volumes, achieving the highest level of monthly activity ever. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-334104 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/sol-3.png" alt="" width="1946" height="937"> 
<h2 id="sol-registers-a-126-increase">SOL Registers a 126% Increase</h2> 
Solana’s reported increase represents an impressive 126% growth compared to the previous month, indicating a significant rise in liquidity and analyst interest in the Solana ecosystem. Following the broader market recovery, Solana price is in a better position to break the upper boundary of the flag formation. 
A successful breakout would signal the continuation of the recovery trend and could encourage buyers to pursue potential targets at $240 and then $285. Conversely, a breakdown from the triangle support could extend the SOL cryptocurrency correction below the $150 level. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/significant-fluctuations-in-major-cryptocurrencies-including-solana/" data-wpel-link="internal">Significant Fluctuations in Major Cryptocurrencies Including Solana</a></h5>

Significant Fluctuations in Major Cryptocurrencies Including Solana

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