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SOL’s Bullish Week Continues With a Fresh 24-Hour Price Gain

Published 01/09/2023, 04:23 PM
Updated 01/09/2023, 04:45 PM
SOL’s Bullish Week Continues With a Fresh 24-Hour Price Gain
ETH/USD
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SOL/USD
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  • SOL’s price printed double-digit gains over the last 24 hours.

  • The altcoin’s price is now up more than 60% in the past week.

  • Twitter user, Bluntz, believes that SOL may experience a 25-35% correction in the coming weeks.

The price of Solana (SOL) has printed double-digit gains over the last 24 hours according to the crypto market tracking website, CoinMarketCap. At press time, SOL’s price is up 20.89%, pushing its price up to $16.06. This has also boosted its weekly performance to more than 60%.

SOL’s strengthening against the US Dollar has been accompanied by gains against both of the crypto market leaders. At press time, SOL has strengthened against Bitcoin (BTC) by 19.30% and against Ethereum (ETH) by 16.96%. SOL’s price has, however, retraced slightly from its daily high of $16.43.

The Ethereum-killer’s remarkable upward move over the last 24 hours can be attributed to the surge in the SOL’s daily trading volume. Currently, SOL’s trading volume for the day stands at $1,207,736,730, which is a 355.87% increase compared to yesterday’s trading volume.

A crypto analyst on Twitter, who goes by the name of Bluntz (@SmartContracter), tweeted his forecast for SOL’s price in the coming weeks. Acco ...

The post SOL’s Bullish Week Continues With a Fresh 24-Hour Price Gain appeared first on Coin Edition.

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