CandleFocus Solana (SOL) Prepares for Comeback as Volume Jumps 39%
2024-12-02
Author: Content Editor
The price of Solana (SOL) has decreased by 4.48% in 24 hours to $225.74 as XRP's price approaches its all-time high. However, Solana is preparing for a comeback with a 39% increase in trading volume. The disruption in Solana's ecosystem through the Pump Fun livestream pause has limited demand for the coin but the boost in trading volume shows sustained interest among buyers. Additionally, the Relative Strength Index (RSI) indicates that Solana is currently not overbought, making a rebound more likely. Despite the strain on its meme coin ecosystem, overall sentiment for Solana remains high. The coin is affiliated with influencers in the industry and has continuously outranked Ethereum in performance metrics.
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