6:59 PM · 10 November 2023

Solana gains 13% at record highs from May 2022

Solana, the seventh largest cryptocurrency by market capitalization, continues its rapid upward price rally. Today SOL is gaining more than 13.55%, and over the past 2 months the cryptocurrency has gained nearly 145%. Also interestingly, on the weekly interval, the indication of the Bollinger Bands (BB) with a 52-week average broke above 2 standard deviations for the first time since August 2021, which preceded the bull market for the cryptocurrency in 2021. It is also worth noting that Bitcoin is trading in a similar technical pattern, gaining 2% today and returning above the $37,000 barrier.

Source: xStation

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