Solana (SOL) Skyrockets 84% in Volume - What's Happening?

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Solana (SOL) price eyes rebound amid massive surge in its trading volume

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Additionally, the rise in trading activity tells us about the resilience of Solana traders. They have remained positive about the prospects of SOL despite the fact that bearish sentiment looms over the broader crypto market. While multiple factors come into play when assessing a coin’s potential price rally, the optimism among traders cannot be ruled out completely.As of press time, SOL is trading at $143.51, down 3.94% in the last 24 hours. Moreover, the coin has slumped 12.

However, recent indicators are signaling that SOL may rebound from the current levels. Along with this surge in its trading volume, Solana is also witnessing positive signals from certain This is an important indicator as it shows us that the current price of Solana is still in the highs, considering the long-term outlook. Moreover, it indicates that the recent price slump has not really impacted the broader bullish outlook for the coin.

 

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