2023-11-2 05:01 |
Solana’s scaling solution Firedancer is seen as a long-term solution to the blockchain’s once-frequent outages.
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Solana (SOL) remains on a relentless upward trajectory, defying even recent reports of the embattled crypto exchange FTX moving millions of funds in SOL and other tokens. The cryptocurrency is now hovering close to a critical resistance point at $40, showcasing remarkable resilience and determination.
Bitcoin and select cryptocurrencies are trying to start a rebound following the CPI data release, but bulls may find it difficult to continue the recovery at higher levels.
Solana (SOL) price has enjoyed a winning streak by a whopping 75% as seen in the past two months after it has capsized to a mere $25. 75. SOL forms head-and-shoulders pattern hinting at bearish movement.
Solana (SOL) bulls are determined to push the price of the coin higher and breach the $44 level. Solana price has shown strong bullish movement; support found at $40. Coin has peaked by more than 70% in comparison to its lowest level in 2021.
The bulls are gaining dominance in the market with Solana generating gains of 5. 14% or currently at 0. 001863 SOL/BTC. The SOL price is pulled mostly by the bulls with a slight tug coming from the bears.
Be[In]Crypto analyzes the price movement for seven different cryptocurrencies, including Basic Attention Token (BAT), which has seemingly completed a five-wave downward movement. The post Basic Attention Token (BAT) Increases by 50% Since June Lows: Multi-Coin Analysis appeared first on BeInCrypto.