Solana Stays Bullish and Surpasses the $200 Level By CoinQuora – Investing.com
- Date: 22-Oct-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Solana Stays Bullish and Surpasses the $200 Level By CoinQuora – Investing.com
Solana (SOL), the sixth most valuable cryptocurrency by market cap, beats its peers. Moreover, the positive sentiment has spilled over into altcoins. Likewise, SOL enticed all bulls into its market, gaining 13% in the last 24 hours.
Meanwhile, one of the biggest drivers of this rally is the highly positive sentiment in markets towards cryptos lately. In addition, investors are cheering smashing a new record high of $66,600.55. At the same time, has crossed the $4,366.09 mark over-optimism of the US’s first-ever Bitcoin ETF launch earlier this week.
At the time of writing, SOL is trading at $202.45. Besides, crypto analysts say that technical resistance indicates that the market looks set to float higher. Meanwhile, overall sentiment on the crypto market is heavily positive. It results from adding more volatility to any downturn.
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