CandleFocus 54% of Solana (SOL) Traders Anticipate Recovery After Dip Below $260
2024-11-25
Author: Content Editor
Solana's recent price surge has led to speculation that it could reach $300, and data shows that traders are confident in a rebound. The Long/Short ratio indicates that a majority of traders are betting on a price increase, with 54% holding long positions. Additionally, the increasing Transaction Rate suggests heightened user activity and engagement with Solana. The altcoin's price is currently above key trend indicators and has formed a bull flag, indicating a continuation of the upward trend. However, if selling pressure increases, the price could fall below $200.
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