bullish

Solana

Billion

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Solana (SOL) may eye another price rally in the coming days after a recent recovery. While SOL is still stuck in a consolidation price region, the recent price increase has started to hint toward a more sustained rally. Crucial metrics and indicators have also started to turn bullish, giving traders confidence.
According to <a href="https://www.coinglass.com/currencies/SOL" rel="noopener noreferrer nofollow">CoinGlass</a>, the trading volume of SOL has surged 98.87% over the last 24 hours. This is a massive jump as it shows an astonishing rise in trading activity, with the trading volume currently standing at $6.75 billion. This shows strong positive sentiment among traders as they get more bullish on the coin.
The influx of volume for Solana is witnessed across all&nbsp;<a href="https://u.today/guides/top-crypto-exchanges-in-2024-guide" rel="noopener noreferrer nofollow">top cryptocurrency exchanges</a>. For instance, Binance is leading the way with $2.62 billion in volume. It is followed by Bybit at $1.50 billion, OKX at $1.09 billion, BingX at $549.50 million and Bitget at $167.83 million, among other trading platforms. Overall, these figures reflect the growing confidence in SOL as more gains are expected.
<h2 dir="ltr" id="what-s-happening-with-solana-s-price">What's happening with Solana's price?</h2>
As of press time, SOL is trading at $144.09 with a minor decrease of 0.74% in the last 24 hours. It should be noted that the coin has rallied 10.03% over the last seven days, following a broader recovery on the crypto market. Solana has since surged from $127.46 to a high of $149.91, which is a remarkable surge.
However, it has since corrected to the $144.09 level after facing rejection from the resistance level of $150. Still, the SOL price has shown remarkable performance in the last few days. With the trading volume surging and&nbsp;<a href="https://u.today/shib-burns-skyrocket-772-as-price-is-on-verge-of-breakout" rel="noopener noreferrer nofollow">investor confidence</a> increasing, it is now likely that Solana will set its eyes on the next target, and it may clear the next resistance level this time.

$6.75 Billion in Solana (SOL) in 24 Hours - Something Big Coming?

Table of Contents

U_Today

Other articles published on Sep 23, 2024

3 Cryptos Under $0.50 That Could Turn $200 Into $600,000 by December 2024

Analyst Bluntz Anticipates Growth for SAGA and CAT

Coinbase Vs SEC: Exchange Appeals SEC’s Denial Of Rulemaking Petition

Bitcoin Surges as Analysts Share Insights

BingX Exchange Hit by $26M Crypto Theft: Report

AI and Crypto Will Help Build an Opportunity Economy: Harris

Join our free newsletter for daily crypto updates!