Solana (SOL) has once again demonstrated market activity driven by interest from both retail and institutional traders. Recent data indicates a heightened situation surrounding this cryptocurrency.
71.87% of Traders on Binance Expect Further SOL Gains
According to analyst Ali, 71.87% of traders with open SOL positions on Binance are long. This suggests that most market participants expect prices to rise further in the near term.
Technical and On-Chain Data Point Toward Bullish Trend
Technical indicators such as the Relative Strength Index (RSI) show positive momentum, standing at 68, indicating a strong uptrend. Data from the Solana Explorer confirms a 20% rise in network activity with active addresses climbing to 1.3 million.
SOL's Growth Prospects in the Coming Days
Analysts note that SOL's ability to maintain the level at $130 may serve as a base for further price increases. The overall interest in the cryptocurrency and active trader participation suggest potential for continued price appreciation.
Solana continues to attract trader attention and shows positive economic and technical signals, which may contribute to further price growth in the cryptocurrency.
