Solana: Analyzing SOL’s bullish pattern as open interest spikes

Quick Summary:

Inflows to Solana investment products totaled $3.8 million last week, suggesting rising demand.

Buying momentum needs to return to support a bullish breakout above the upper trendline of the falling wedge.

This surge in demand could offset the selling momentum around Solana and set the stage for a rally.

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Article Details

Author / Journalist: Muthoni Mary

Category: Crypto

Markets: United States

Topics: Solana Altcoin Trading View Social News News 1

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-18 @ 00:00:25 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 508 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 22572148

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 27 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

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