Solana’s Galaxy Score was high, which could be taken as a bullish signal. Furthermore, some market indicators also turned bullish, which was a great sign for the blockchain and the altcoin.
, Solana was down by more than 4% in the last seven days. The price decline was accompanied by a 50% increase in trading volume, which could be taken as a typical bearish signal. At the time of writing, SOL was trading at $20.27 with a market capitalization of over $8 billion, making it the ninth-largest crypto.
Though the price action was bearish, the latest data revealed a bullish development that can change the situation. As per LunarCrush’s data, SOL ranked second on the list of cryptos with the highest Galaxy Score. A high score generally means that the possibility of a price uptick is high. A look at Solana’s daily chart gave a better understanding of whether the token’s price could move up.Galaxy Score is a proprietary score that is constantly measuring crypto against itself with respect to the community metrics pulled in from across the web
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Solana exhibits a strong bearish trend as buyers struggle to defend $20The 1-day chart showed that the Solana market structure has been bearish since early August and that SOL was in a downtrend. The simple moving averages and the RSI also reinforced the idea of bearish momentum.
Read more »
I asked ChatGPT how Solana will fare in Q3 2023, its answer is worth pondering overI asked ChatGPT about the future performance of Solana. The AI bot predicted a rise of 50%-70% this quarter.
Read more »
Person wanted for calling Sault Police way too many times arrested in SudburyPolice say the individual often called 'over 100 times during a 12-hour shift'
Read more »
American Airlines fined $4.1M for dozens of long tarmac delays that trapped passengersPassengers were kept on board planes without a chance to exit during long ground delays.
Read more »
American Airlines fined $4.1M for dozens of long tarmac delays that trapped passengersPassengers were kept on board planes without a chance to exit during long ground delays.
Read more »