Solana

<p><em>Date: Wednesday, August 07, 2024, 05:22 AM GMT</em></p><p>The cryptocurrency market has seen a much-needed <a href="https://coinsprobe.com/top-altcoins-including-render-helium-and-arbitrum-make-recovery-will-it-sustain/" rel="noopener noreferrer nofollow">recovery rally</a> over the past 48 hours. After a rough start to the month, which saw Bitcoin drop from $70K to $49K in just six days due to global market downturns and geopolitical tensions, things are finally looking up.</p><h2 id="header-0">Solana (SOL) Recovery:</h2><p>Today, Bitcoin bounced back, rising to $57K from a low of $49,121. This surge helped drive an impressive recovery for Solana (SOL), the fifth-largest cryptocurrency.</p><p>In the last 48 hours, Solana&#39;s price has jumped by 39.74%, climbing from $110 to its current price of $153.80, which is a 9.06% increase today alone.</p><h2 id="header-1">What’s the Next Move?</h2><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/9a148b3baa574431aef1b55380317616.png" /><em>Source: TradingView</em></p><p>Advertisement</p><p>After breaking the resistance level at $141.20, Solana has now reached $153.80. The next challenge is breaking the resistance around $157. If Solana can surpass this level, the next targets are $161 and $169.</p><h2 id="header-2">Solana (SOL) Liquidation:</h2><p>According to data from <a href="https://www.coinglass.com/zh/currencies/SOL" rel="noopener noreferrer nofollow">Coinglass</a>, in the past 24 hours, investors have lost a total of $15.1 million. Long orders saw liquidations amounting to $5.76 million, while short orders faced $9.41 million in liquidations.</p><p>Solana’s strong recovery and potential for further gains make it one to watch closely in the coming days.</p><p><strong>Disclaimer:</strong> The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high level of risk, and you should conduct your own research and consult with a qualified financial advisor before making any investment decisions.</p>

Solana Recovered By Over 35%; Here’s the Next Move

Table of Contents

CoinsProbe

Other articles published on Aug 7, 2024

The Moves Made by Institutional Investors During the Sharp Fall in Bitcoin Has Been Revealed! "Th...

Exploring the Current Landscape: DeFi Development on Bitcoin

Bithumb Announces Listing of a New Altcoin Backed by Binance! Price experienced a sudden increase!

XRP Price Eyes Breakout: Will It Surge Past Resistance?

Trump Loves Bitcoin (TRUMPBTC) Memecoin Will Surge Over 15,000% Before Exchange Listings, Amid SH...

Bitcoin whales accumulate $23b in BTC amid market uncertainty

Join our free newsletter for daily crypto updates!