SOL-USDT
Solana is a high-performance layer-1 solution optimized for scalability, it can scale to 50K transactions per second. In the past 1 week, in terms of development activity on the blockchain, Solana has secured the 3rd spot with 348 commits. TVL locked in the DeFi protocols built on Solana Blockchain stands at $997 Mn.
Solana came down ~67% from its all-time high of ~$58.3 and has currently taken support at 50 DEMA. It has bounced back from its recent low of ~$19.1 and is currently trading at $43.4.
It is currently forming a strong bullish candle and the news of acceptance of BTC as a Legal tender is set to support the crypto ecosystem to rise higher.
The support to the lower side is present at $36 while as SOL is trading above its 50 DEMA, it looks adamant to move to new highs and may give targets of $50.
Solana came down ~67% from its all-time high of ~$58.3 and has currently taken support at 50 DEMA. It has bounced back from its recent low of ~$19.1 and is currently trading at $43.4.
It is currently forming a strong bullish candle and the news of acceptance of BTC as a Legal tender is set to support the crypto ecosystem to rise higher.
The support to the lower side is present at $36 while as SOL is trading above its 50 DEMA, it looks adamant to move to new highs and may give targets of $50.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.