Crypto News

Solana [SOL] Rises Over Dogecoin In Ranking As Its Price Inches Closer To $150

A mixed sense of emotions was seen in the crypto market. Solana [SOL] was once again seen stealing the show. After witnessing consecutive highs, Solana seemed to be reaching out to the moon. Just last week, the altcoin moved over $100 and proved its caliber. At the time of writing, SOL noted another boost as it was seen trading for $138 with a 20.50% surge in the last 24-hours. With a whopping 68.59% rise in the previous seven days, SOL was on cloud nine.

Furthermore, in terms of market cap, SOL climbed up the crypto ladder. The altcoin rose above prominent assets like Dogecoin [DOGE], Polkadot [DOT] as well as Uniswap [UNI]. Solana was settling down in the seventh position with a market cap of $40.56 billion.

Additionally, Bitcoin [BTC] had hit $50K and was striving to move towards $51K. Ethereum [ETH] sprinted towards $4K while Cardano [ADA] experienced a slight push back below $3.

The global crypto market cap was at $2.27 trillion and noticed no major changes over the last day. However, with BTC aiming for $1 trillion, the chances of a surge in the overall numbers were high.

Solana [SOL] one-day price chart on Binance


The one-day price chart of SOL was solely focused on prolonging the stay of the bull in the market. The Chaikin Money Flow [CMF] indicator was inclined towards the bull. The CMF marker remained over the zero median and was accommodated by the bull. The Awesome Oscillator indicator followed this path as it laid out sturdy green closing bars further announcing the presence of the bull.

This could mean that SOL would receive a much-anticipated push towards $150.

The Relative Strength Index [RSI] indicator noted major buying activity. The RSI marker was over the 80 median further indicating a buyers’ market.

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