Solana Price Flashes $3.1B Bottom Formation Signal: Will Buyers React?

Quick Summary:

Solana price briefly broke above $190 on January 12, rising 3% as the crypto markets rebound phase advanced further.

Recent trading data shows that after double-digit losses last week, current SOL holders are growing reluctant to sell at current prices.

However, as the broader crypto market sell-off took hold, Solana sellers became increasingly reluctant to offload their holdings, contributing to rapidly declining volumes.

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Article Details

Author / Journalist: ibrahim

Category: Crypto

Markets: India

Topics: SOL price Solana Price Analysis Price Analysis Solana

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-12 @ 12:38:56 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 577 words

Reading Time: 4 minutes read

Sentences: 43 lines

Sentence Length: 14 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 25080109

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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Headquarters: India

News Last Updated: 12 hours ago

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