Solana’s last 72 hours and what to expect going forward
Of all the existing altcoins in the market, Solana has been the hottest asset for over 3 months now. Rising by more than 764.12%, SOL had been pushing higher, before consolidating for most of this month.
However, the last 72 hours came as a blessing and pulled the altcoin out of its misery. It recovered all the losses it endured over the last 2 months, all in 3 days.
On 20 October, Solana began its upward movement, and in the days that followed, it went up by 29.78%.
This W-shaped recovery led the coin to breach its long-standing critical resistance of $200. In the process, it also hit a new all-time high. Consequently, the altcoin’s market cap shot up from $46 billion to $62 billion.
Solana price recovery | Source: TradingView – AMBCrypto
How
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