EddieJayonCrypto
10 Feb 24
Solana (SOL) experienced a significant price increase on February 9, reaching $110 after previous attempts to hit that region were rejected. This recovery coincided with the release of a report on the 5-hour outage the blockchain experienced earlier in the week. With analysts predicting a bullish ou...
Solana (SOL) experienced a significant price increase on February 9, reaching $110 after previous attempts to hit that region were rejected. This recovery coincided with the release of a report on the 5-hour outage the blockchain experienced earlier in the week. With analysts predicting a bullish outlook for SOL in both the short and long term, the token could extend its gains to $126.40 if buying pressure continues. However, maintaining support at $95.11 will be crucial, and the Relative Strength Index (RSI) suggests that SOL may be considered overbought if it crosses 70. Despite potential short-term corrections, market players are optimistic about SOL's future, with some predicting a potential price of $1000 before the end of the year.
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