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SOL Bulls Defy Bear Trend; Indicators Warn Reign May Fade

Published 02/02/2023, 09:27 AM
Updated 02/02/2023, 09:30 AM
SOL Bulls Defy Bear Trend; Indicators Warn Reign May Fade
SOL/USD
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  • Research indicates that the SOL market has been rising over the last day.

  • Constant bidding from SOL buyers pushes the cost up by more than 6 %.

  • As bullish momentum wanes, reversal signals become increasingly likely.

Despite encountering resistance at $25.68, Solana (SOL) bulls ultimately succeeded in their attempts to invalidate bear control over the last day. Until now, the SOL market had shown a positive trend that had sent the price up 6.93% to $24.96.

The bullish persistence paid off as the market cap increased by 6.92% to $9,284,622,068, and the 24-hour trading volume increased by 94.99% to $1,140,544,538. The increased trading volume over the last 24 hours for Solana (SOL) indicates that investors are becoming more confident about future success.

The post SOL Bulls Defy Bear Trend; Indicators Warn Reign May Fade appeared first on Coin Edition.

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