IITMIND: EdTech, Finance and Crypto currencies



Solana's (SOL) price is currently experiencing a rollercoaster rally. Since marking a bottom below $8 on December 27, Solana's price has grown by more than 400%. In the last 24 hours, the price has risen 14%, and a whopping 38% in the last seven days.

The 1-day chart shows that SOL broke out of an ascending trend channel in a very bullish manner. Solana rose yesterday above the late Oct high of $46.25, which the price marked just before it plummeted in the wake of FTX’s collapse.

The next few days will be all about closing above $40 for the Solana bulls. If they succeed in doing this, the Fibonacci extension level of 1.618 at $60 could be the next major target.

At the time of writing this article, Solana (SOL) is trading at $43.76 with a market capitalization of $18 Billion.

>> Disclaimer Risk warning:- Cryptocurrency Investment is subject to high market risk. The information on our website is for educational purposes only. Please do your own research before investing anywhere, we will not be responsible for your investment losses.

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