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Solana

<h2 id="header-0">Claim Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">ChikaMoji.Lol</a></h2>Solana’s price has reached $160 after a 13% increase this week, marking a positive turn following recent struggles. Discussion of a Solana ETF has revived demand, driven by high buying pressure. Technical indicators suggest potential further gains to $175, although concerns about $3 billion in liquidations loom if prices correct sharply.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/6e981305503446a4820aefb23c611e5b.png" />The crypto market’s recent momentum, influenced by external events like the attempted assassination of Presidential Candidate Donald Trump, has also played a role in Solana’s upward movement.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/6e0d0b1ba54c4010a1b9cbd26bb1d52f.png" /><h3 id="strong-solana-shows-recovery-surpasses-160-amid-high-trading-volume-strong">Solana Shows Recovery, Surpasses $160 Amid High Trading Volume</h3>In recent days, Solana has rebounded from a low of $123 to exceed $160, buoyed by a notable increase in trading volume indicating growing demand.Crypto analyst Ali Crypto warns of potential liquidations totaling $2.98 billion if Solana reaches $176, primarily from short positions. Such sales could drive the price down again.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/039edcf570ad4fe3b49f82b11373e88e.png" />Source: <a href="https://x.com/ali_charts/status/1813086912858505596" rel="noopener noreferrer nofollow">X</a>To sustain its upward momentum, Solana must surpass the $176 threshold. Analyst Captain Faibik predicts that achieving this could propel the token towards the $1000 mark, highlighting <a href="https://cryptosheadlines.com/render-token-surges-as-bullish-sentiment-dominates/" rel="noopener noreferrer nofollow">bullish sentiments</a> in the market.<h3 id="strong-solana-faces-bearish-sentiment-amid-price-surge-and-market-dynamics-strong">Solana Faces Bearish Sentiment Amid Price Surge and Market Dynamics</h3>The recent bullish push has propelled Solana’s price to significant highs, but underlying weighted sentiments are declining, hinting at <a href="https://cryptosheadlines.com/thorchain-rune-exhibits-recovery-indications-amid-bearish-market-trend/" rel="noopener noreferrer nofollow">bearish market</a> sentiment for the altcoin. Despite attempts to breach resistance levels, the price retraced after hitting $163, signaling a potential pullback.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/6e0d0b1ba54c4010a1b9cbd26bb1d52f.png" />Market Indicators and Sentiment Analysis: Coinglass reports a drop in the Long/Short Ratio, suggesting a possible correction phase for Solana before resuming its upward trend. User sentiments, characterized by excessive greed, further indicate a correction phase due to overbuying in the market.Impact of Ethereum ETF Approval and Future Prospects: The anticipation surrounding the Ethereum ETF approval has bolstered Solana’s demand, with companies preparing for S-1 filings. If approved, the <a href="https://cryptosheadlines.com/solana-surpasses-ethereum-in-dex-volume-amid-saga-mobile-sellout-bonk-price-rally/" rel="noopener noreferrer nofollow">Solana ETF could elevate its price to surpass Ethereum</a> in market race. Currently, strong buying pressure has pushed SOL’s price to $160, but continued momentum could lead to potential losses totaling $3 billion.<a href="https://cryptosheadlines.com/jasmycoin-price-moves-as-new-cryptos-enter-the-market/" rel="noopener noreferrer nofollow">Also Read: JasmyCoin Price Moves as New Cryptos Enter the Market</a><img src="https://academy-public.coinmarketcap.com/optimized-uploads/ea7b7a7636854176b8f84428bb28989f.png" />Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Solana Hits $160 with 13% Weekly Surge: ETF Talks and Liquidation Concerns

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Alte articole publicate pe 18 iul. 2024

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