{"id":496390,"date":"2022-07-22T04:00:18","date_gmt":"2022-07-22T04:00:18","guid":{"rendered":"https:\/\/wncen.com\/?p=496390"},"modified":"2022-07-21T15:12:05","modified_gmt":"2022-07-21T15:12:05","slug":"solana-zoomed-up-by-20-in-a-week-this-could-be-the-next-target","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/solana-zoomed-up-by-20-in-a-week-this-could-be-the-next-target\/","title":{"rendered":"Solana Zoomed Up By 20% In A Week, This Could Be The Next Target"},"content":{"rendered":"
Solana had witnessed strong bullish force in the past seven days, however, the bulls lost steam at the time of writing. Over the last 24 hours, the coin depleted by 9%. The current support level for SOL stood at $38. The price of the asset registered a month high after the massive rally that took place on July 13 . Technical outlook for Solana pictured the bears taking over.<\/p>\n
After Bitcoin dipped on its chart by 6% over the last day, altcoins too had the same effect on their charts. Buying strength of Solana depreciated considerably flashing negative price action. After a relief rally, it is usually not uncommon for coins to retrace on their charts.<\/p>\n
If buying strength gains strength, then Solana might again break past its current price level and aim for the overhead price ceiling. If SOL manages to move the $44 price mark, a visit to the $50 doesn’t seem too difficult. Buying strength and broader market strength will help Solana regain price momentum. The global cryptocurrency market cap today is $1.07 Trillion with a 5.1%<\/i><\/span> negative change in the last 24 hours.<\/p>\n