Saturday, August 2, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

Solana (SOL) Bounces 30% Amid Market Recovery

7 August 2024
in Bitcoin
Reading Time: 3 mins read
0 0
A A
0
Home Bitcoin
Share on FacebookShare on Twitter


Solana (SOL) is main the crypto market restoration following the large Monday crash. SOL registered among the largest positive factors after reclaiming the $140 help zone on Tuesday morning. Its energy was highlighted by a number of market watchers, who shared their bullish predictions for the token. Nonetheless, an analyst warned buyers of a key degree to be careful.

Associated Studying

Solana Leads The Market Restoration

Because the crypto market recovers, Solana noticed an enormous 30% bounce from its lowest buying and selling worth of $110, registered on Monday. This efficiency topped SOL the largest gainer among the many high 10 cryptocurrencies by market capitalization, surpassing Bitcoin (BTC) and Ethereum (ETH)’s restoration.

Pseudonym dealer Glitch Capital in contrast BTC, ETH, and SOL’s charts, deeming Solana’s the “finest wanting one out of the three” by far. To the dealer, SOL “swept lows into $120 help and held properly” in comparison with the 2 largest cryptocurrencies.

Per the publish, the token is testing its M15 development as resistance, which may give SOL a good push,” if it could actually flip this development into help. Equally, dealer Eugene Ng Ah Sio praised the token’s efficiency. “One factor of notice is absolutely the monstrous energy $SOL reveals, whether or not it’s rain or shine,” mentioned the dealer in an X publish.

Primarily based on the chart, the dealer believes “it’s just about given” that the cryptocurrency will hit a brand new all-time excessive (ATH) “in some unspecified time in the future” throughout this cycle as “there are merely extra consumers than sellers.”

Crypto Jelle, market analyst and investor, reaffirmed his SOL forecast because the token was “nonetheless holding the important thing help space, and the weekly candle is inexperienced.” In a earlier evaluation, Jelle acknowledged that Solana appeared “ripe to push increased.” Jelle predicts the token will attain a brand new ATH throughout This autumn 2024 and set a $600 worth goal for this cycle.

SOL Value Might See One other 10-15% Drop

Regardless of the bullish sentiment, Ali Martinez revealed that SOL’s TD Sequential indicator confirmed a promote sign on the hourly chart. This sign prompt the token may doubtlessly lose the $140 help zone, which it’s been testing all through the day.

SOL’s TD Sequential indicator reveals a promote sign. Supply: Ali Martinez on X

Failing to take care of this help degree may set off a retrace to the $135-$130 worth vary.  In line with the analyst, Solana may discover some reduction on the $146 mark as “breaking the danger line (…) would invalidate this sign.” Furthermore, reclaiming this degree may “doubtlessly drive SOL as much as $150-$166” resistance ranges.

Altcoin Sherpa believes buyers have a great accumulation vary throughout the $125-$150 costs. To him, Solana stays one of many strongest performers of the bull run and will likely be “probably the greatest retail chains this cycle.”

Associated Studying

Moreover, Sherpa highlighted SOL’s “sturdy reactions at present” however forecasted one other drop to the $125 mark quickly. “I nonetheless assume you get one other shot at $125 or decrease in a number of weeks, personally,” mentioned the analyst. As of this writing, Solana is buying and selling at $148, a ten% surge within the final 24 hours.

Solana, SOL, SOLUSDT
Solana’s efficiency within the five-day chart. Supply: SOLUSDT on TradingView

Featured Picture from Unsplash.com, Chart from TradingView.com



Source link

Tags: BouncesMarketRecoverySOLSolana
Previous Post

Mark Cuban Joins Crypto Enthusiasts in Support of Harris

Next Post

Blockchain Protocol Nexera Suffers $1.8M Exploit, NXRA Tumbles 40%

Related Posts

FCA Announces Plans to Grant Retail Access to Crypto Exchange-Traded Notes
Bitcoin

FCA Announces Plans to Grant Retail Access to Crypto Exchange-Traded Notes

2 August 2025
XRP Is Set To Move Trillions — Banking CEO Drops Bombshell On Ripple’s Role In Tokenizing Finance
Bitcoin

XRP Is Set To Move Trillions — Banking CEO Drops Bombshell On Ripple’s Role In Tokenizing Finance

2 August 2025
Hong Kong Stablecoin Licensing Regime Takes Effect
Bitcoin

Hong Kong Stablecoin Licensing Regime Takes Effect

2 August 2025
Qubic’s ‘Warming up the Engines’ Report Details 51% Strategy Ahead of Showdown With Monero – Crypto News Bitcoin News
Bitcoin

Qubic’s ‘Warming up the Engines’ Report Details 51% Strategy Ahead of Showdown With Monero – Crypto News Bitcoin News

1 August 2025
SEC ‘Project Crypto’ Sets the Stage for the Next Cryptos to Explode
Bitcoin

SEC ‘Project Crypto’ Sets the Stage for the Next Cryptos to Explode

1 August 2025
XRP Breakout Targets $15—Analyst Says ‘This Is Just The Start’
Bitcoin

XRP Breakout Targets $15—Analyst Says ‘This Is Just The Start’

1 August 2025
Next Post
Blockchain Protocol Nexera Suffers $1.8M Exploit, NXRA Tumbles 40%

Blockchain Protocol Nexera Suffers $1.8M Exploit, NXRA Tumbles 40%

Why I Despise the ‘If You Had Invested in Bitcoin’ Argument

Why I Despise the ‘If You Had Invested in Bitcoin’ Argument

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

19 July 2025
PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

30 July 2025
BNB Price Gears Up for Upside Break — Will Bulls Deliver?

BNB Price Gears Up for Upside Break — Will Bulls Deliver?

8 July 2025
Something Big Is Coming For XRP On July 9—Why It Matters

Something Big Is Coming For XRP On July 9—Why It Matters

8 July 2025
XRP could rally higher on steady capital inflow; check forecast

XRP could rally higher on steady capital inflow; check forecast

8 July 2025
10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

24 May 2025
Hong Kong Reports Decrease in Negative Equity Residential Mortgages by Mid-2025

Hong Kong Reports Decrease in Negative Equity Residential Mortgages by Mid-2025

2 August 2025
FCA Announces Plans to Grant Retail Access to Crypto Exchange-Traded Notes

FCA Announces Plans to Grant Retail Access to Crypto Exchange-Traded Notes

2 August 2025
Crypto Explosion Ahead? CLARITY Act Could Push Market To $10-T — Cardano Founder | Bitcoinist.com

Crypto Explosion Ahead? CLARITY Act Could Push Market To $10-T — Cardano Founder | Bitcoinist.com

2 August 2025
XRP Is Set To Move Trillions — Banking CEO Drops Bombshell On Ripple’s Role In Tokenizing Finance

XRP Is Set To Move Trillions — Banking CEO Drops Bombshell On Ripple’s Role In Tokenizing Finance

2 August 2025
Hong Kong Stablecoin Licensing Regime Takes Effect

Hong Kong Stablecoin Licensing Regime Takes Effect

2 August 2025
Qubic’s ‘Warming up the Engines’ Report Details 51% Strategy Ahead of Showdown With Monero – Crypto News Bitcoin News

Qubic’s ‘Warming up the Engines’ Report Details 51% Strategy Ahead of Showdown With Monero – Crypto News Bitcoin News

1 August 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$113,914.00-1.40%
  • ethereumEthereum(ETH)$3,519.56-4.14%
  • rippleXRP(XRP)$3.011.64%
  • tetherTether(USDT)$1.00-0.03%
  • binancecoinBNB(BNB)$767.07-1.37%
  • solanaSolana(SOL)$164.66-2.50%
  • usd-coinUSDC(USDC)$1.000.00%
  • staked-etherLido Staked Ether(STETH)$3,513.03-4.20%
  • tronTRON(TRX)$0.3276420.56%
  • dogecoinDogecoin(DOGE)$0.202431-2.23%