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Solana (SOL) Jumps 39% From Crash Low, But Is This Rally Sustainable?

NewsBTC LogoNewsBTC13h ago

Solana (SOL) Jumps 39% From Crash Low, But Is This Rally Sustainable? - NewsBTC

Quick Summary:

Related Reading: Chainlink (LINK) Recovers 20% As Network Lights Up With Activity As usual, one major obstacle to the rally can be selling from the whales. Data from the cryptocurrency transaction tracker service Whale Alert reveals that a Solana whale has just made a big deposit to the Coinbase exchange.

SOL Rally Began When Sentiment Was In The Fear Territory According to data from the on-chain analytics firm Santiment, the crowd sentiment around Solana had dipped into the fear territory during the recent price crash.

Solana Has Breached The $153 Mark After Recovery Continuation In Past Day A few days back, Solana crashed alongside the rest of the cryptocurrency market, dropping its price to a low of $110.


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Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 06:30:27 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 414 words

Reading Time: 3 minutes read

Sentences: 64 lines

Sentence Length: 7 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 21979982

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About NewsBTC

NewsBTC Logo

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 5 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 12 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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