Ethereum

Dogecoin

bullish

Solana

<ul class="wp-block-list"> 
 <li>Solana (SOL) rose 7.02% to $222.02, reflecting a broader market rally.</li> 
 <li>DEX volume set a new record, surpassing $5 billion.</li> 
</ul> 
The global crypto market cap has surged to $3.01 trillion, reflecting a 4.04% daily increase. Total market volume stands at $302.64 billion, up 2.70%. Bitcoin (BTC) recently achieved a new all-time high of $93,434, and <a href="https://thenewscrypto.com/can-ethereum-eth-price-reclaim-3-5k-soon/" target="_blank" rel="noreferrer noopener">Ethereum</a> (ETH) rallied past $3,300. Additionally, Solana’s decentralized exchange (DEX) trading volume has surpassed $5 billion daily for three consecutive days, a record milestone. 
Solana (SOL) is trading at $222.02, up 7.02% in the past 24 hours. Its trading volume has reached $11.05 billion, marking a 3.85% increase, while its market cap is now $104.79 billion with a market cap ratio of 10.53%. This rise comes amid broader crypto market gains. whale activity indicates increased interest in the Solana <a href="https://thenewscrypto.com/og-ecosystem-raises-40m-in-milestone-for-revolutionary-decentralized-ai-operating-system/" target="_blank" rel="noreferrer noopener">ecosystem. </a>A prominent whale recently spent a total of 12,400 SOL ($2.7 million) to acquire two tokens: WIF and BONK. Specifically, the whale purchased 406,000 WIF at $3.87 per token, spending 7,200 SOL (equivalent to $1.57 million).&nbsp; 
The whale also bought 29.32 billion BONK tokens at $0.0000387, investing an additional 5,200 SOL ($1.13 million). Such large <a href="https://x.com/lookonchain/status/1856952728586792977" target="_blank" rel="noreferrer noopener nofollow">transactions</a> reflect confidence in the Solana ecosystem and signal potential growth in token demand, especially for projects related to Solana. 
<h3 class="wp-block-heading" id="h-is-solana-s-uptrend-set-to-persist">Is Solana’s Uptrend Set to Persist?</h3> 
Solana shows notable resistance at $228, with key support around $215. If SOL can break above the $228 resistance, it could signal a move toward the $240 level, inviting more buying interest. However, a drop below the $215 support could indicate potential downside pressure, with a possible decline toward the $200 mark.&nbsp; 
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 <img loading="lazy" decoding="async" width="1024" height="488" src="https://thenewscrypto.com/wp-content/uploads/2024/11/Screenshot-2024-11-14-153302-1024x488.png" alt="" class="wp-image-114267" srcset="https://thenewscrypto.com/wp-content/uploads/2024/11/Screenshot-2024-11-14-153302-1024x488.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/11/Screenshot-2024-11-14-153302-300x143.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/11/Screenshot-2024-11-14-153302-768x366.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/11/Screenshot-2024-11-14-153302.png 1512w" sizes="(max-width: 1024px) 100vw, 1024px">
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The Relative Strength Index (RSI) for Solana is currently at 56.35, while the average RSI stands at 61.87. This RSI reading suggests a neutral trend, indicating that buying and selling pressures are balanced. Since the RSI is <a href="https://www.tradingview.com/chart/xTeB2FRP/?symbol=BINANCE%3ASOLUSDT" target="_blank" rel="noreferrer noopener nofollow">neither </a>in overbought nor oversold territory, it implies that Solana might sustain its current levels unless influenced by significant market changes. This stability in RSI is a sign of potential price consolidation before any decisive breakout or breakdown. 
Moving averages add further insight into Solana’s price movement. The 50-day moving average is currently positioned above the 200-day moving average, forming a bullish crossover that supports the ongoing upward trend. This crossover suggests long-term bullish momentum, with buyers showing sustained interest in Solana. Highlighted Crypto News Today <a href="https://thenewscrypto.com/will-dogecoin-cool-down-after-its-9th-consecutive-bullish-day/" target="_blank" rel="noreferrer noopener">Will Dogecoin Cool Down After Its 9th Consecutive Bullish Day?</a>

Solana Price Surges 7% Amid Record DEX Volume

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