Solana falls 10%, but a ‘Buy’ signal appears – Will SOL rise?

Quick Summary:

A buy signal appears on Solana’s price chart, hinting at a price increase, but indicators remain bearish.

Its Open Interest fell along with its price, hinting at a change in the ongoing bearish price trend.

Since the aforementioned data hinted at a trend reversal, AMBCrypto then analyzed SOL’s on-chain metrics to better understand whether a bull rally is possible.

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Article Details

Author / Journalist: Dipayan Mitra

Category: Crypto

Markets: United States

Topics: Trading View Ambcrypto Social Solana Altcoin News 1 News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-16 @ 17:00:38 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 577 words

Reading Time: 4 minutes read

Sentences: 38 lines

Sentence Length: 16 words per sentence (average)

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

Copyright Owner: © AMBCrypto

News ID: 21272289

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 19 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

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Publisher ID: #103

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