- On April 16, Solana (SOL) price gained an upward momentum and soared by around 5% on a daily chart, increasing its value by around $90.
- The upward momentum in the cryptocurrency was witnessed after it broke a long consolidation pattern formed during the last few weeks.
- Despite the upward momentum in the Solana price, the cryptocurrency still has some volatility after facing major liquidation.
On April 16, Solana (SOL) price witnessed a spike of 5% on a daily chart, helping its value to soar near a major resistance level at around $90.
According to CoinMarketCap, Solana’s price is trading at around $89.31 with a spike of 4.97% in the last 24 hours. The cryptocurrency currently holds a staggering market capitalization of around $51.31 billion, which makes it the seventh biggest cryptocurrency in the world.
Solana (SOL) Rallies, Yet Volatility Fears Remain
According to the current price chart, SOL is looking overextended after a sharp breakout and is now ...
English (US)