Solana

<p><em>Date: Wednesday, August 07, 2024, 05:22 AM GMT</em></p><p>The cryptocurrency market has seen a much-needed <a href="https://coinsprobe.com/top-altcoins-including-render-helium-and-arbitrum-make-recovery-will-it-sustain/" rel="noopener noreferrer nofollow">recovery rally</a> over the past 48 hours. After a rough start to the month, which saw Bitcoin drop from $70K to $49K in just six days due to global market downturns and geopolitical tensions, things are finally looking up.</p><h2 id="header-0">Solana (SOL) Recovery:</h2><p>Today, Bitcoin bounced back, rising to $57K from a low of $49,121. This surge helped drive an impressive recovery for Solana (SOL), the fifth-largest cryptocurrency.</p><p>In the last 48 hours, Solana&#39;s price has jumped by 39.74%, climbing from $110 to its current price of $153.80, which is a 9.06% increase today alone.</p><h2 id="header-1">What’s the Next Move?</h2><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/9a148b3baa574431aef1b55380317616.png" /><em>Source: TradingView</em></p><p>Advertisement</p><p>After breaking the resistance level at $141.20, Solana has now reached $153.80. The next challenge is breaking the resistance around $157. If Solana can surpass this level, the next targets are $161 and $169.</p><h2 id="header-2">Solana (SOL) Liquidation:</h2><p>According to data from <a href="https://www.coinglass.com/zh/currencies/SOL" rel="noopener noreferrer nofollow">Coinglass</a>, in the past 24 hours, investors have lost a total of $15.1 million. Long orders saw liquidations amounting to $5.76 million, while short orders faced $9.41 million in liquidations.</p><p>Solana’s strong recovery and potential for further gains make it one to watch closely in the coming days.</p><p><strong>Disclaimer:</strong> The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high level of risk, and you should conduct your own research and consult with a qualified financial advisor before making any investment decisions.</p>

Solana Recovered By Over 35%; Here’s the Next Move

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