CandleFocus Solana (SOL) Volume Falls From $12 Billion as Bears Look to Halt Potential $300 Run
2024-11-16
Author: Content Editor
Solana's trading volume has dropped significantly from a four-month high of $12.60 billion to $5.72 billion, indicating that bears are preventing the price from rallying towards $300. The decrease in volume suggests a potential downward trend if it continues. The number of active addresses on the Solana network has also declined, which could further negatively impact the price. If bears continue to control the price, it could decrease to around $190.30. However, if there is an increase in volume and buying pressure, Solana's price could surpass $225 and reach $300.
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