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SOL Price Could Rise More Even After 6+% Increase In 24 Hours

SOL saw a more than 6% price increase over the last 24 hours.According to Mattew Dixon, SOL’s next target is $26.60.SOL’s 9-EMA line remains bullishly above the...
SOL Price Could Rise More Even After 6+% Increase In 24 Hours SOL Price Could Rise More Even After 6+% Increase In 24 Hours
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  • SOL saw a more than 6% price increase over the last 24 hours.
  • According to Mattew Dixon, SOL’s next target is $26.60.
  • SOL’s 9-EMA line remains bullishly above the 20-EMA line.

Today is certainly not a blue Monday for Solana (SOL) as the Ethereum-killer saw a more than 6% price increase over the last 24 hours to now trade at $24.19. In addition to this, the altcoin is also still in the green by more than 47% over the last week.

SOL also strengthened against Bitcoin (BTC) and Ethereum (ETH) by about 4.46% and 3.72% respectively over the previous day. SOL’s 24-hour trading volume, however, is currently down by more than 31% to now stand at $1,640,475,721.

With its current market cap of $8,855,601,487, SOL is ranked as the 10th biggest crypto. This places it right behind Dogecoin (DOGE) which is ranked 9th, and in front of Polygon (MATIC) in the 11th position.

Solana / US Dollar 4h (Source: TradingView)

The founder and CEO of Evai, Matthew Dixon, took to Twitter earlier this morning to share his thoughts on the price of SOL. According to Dixon, SOL’s next target is $26.60 “equating to 2.618x the red A wave”. He added that the price of the altcoin will then likely turn lower from there.

SOL / Tether US 1D (Source: TradingView)

A technical indicator on SOL’s daily chart seems to support Dixon’s belief that the SOL price might make an upward move soon. This is proven by the fact that SOL’s 9-EMA (Exponential Moving Average) line remains bullishly above the 20-EMA line.

The price of the altcoin has also been knocking on the door of the resistance at $24.26. If the crypto is able to close today’s trading session above this level, it could serve as further proof that SOL’s price is ready to rally.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post SOL Price Could Rise More Even After 6+% Increase In 24 Hours appeared first on Coin Edition.

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04-03-2024 14:38:57 (UTC+7)

EUR/USD

1.0846

+0.0009 (+0.08%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

EUR/USD

1.0846

+0.0009 (+0.08%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

GBP/USD

1.2668

+0.0019 (+0.15%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

USD/JPY

150.38

+0.27 (+0.18%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

AUD/USD

0.6520

-0.0003 (-0.05%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (6)

USD/CAD

1.3564

+0.0008 (+0.06%)

Summary

Neutral

Moving Avg:

Buy (12)

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Buy (2)

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EUR/JPY

163.12

+0.51 (+0.31%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

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Buy (2)

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EUR/CHF

0.9563

-0.0019 (-0.20%)

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Sell (9)

Gold Futures

2,093.95

-1.75 (-0.08%)

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↑ Buy

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Buy (11)

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Silver Futures

23.302

-0.062 (-0.27%)

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↑ Buy

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Buy (8)

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Copper Futures

3.8673

+0.0088 (+0.23%)

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↑ Buy

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Crude Oil WTI Futures

80.13

+0.16 (+0.20%)

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↑ Buy

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Brent Oil Futures

83.81

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Natural Gas Futures

1.884

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Sell

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US Coffee C Futures

184.13

-0.22 (-0.12%)

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Neutral

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Euro Stoxx 50

4,894.05

+16.28 (+0.33%)

Summary

Buy

Moving Avg:

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Sell (4)

Indicators:

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Sell (2)

S&P 500

5,137.08

+40.81 (+0.80%)

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↑ Buy

Moving Avg:

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Sell (3)

Indicators:

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DAX

17,735.00

-0.07 (0.00%)

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↑ Sell

Moving Avg:

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Sell (12)

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Sell (6)

FTSE 100

7,682.50

+52.48 (+0.69%)

Summary

↑ Sell

Moving Avg:

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Sell (8)

Indicators:

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Sell (7)

Hang Seng

16,538.00

-51.44 (-0.31%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

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US Small Cap 2000

2,076.39

+21.55 (+1.05%)

Summary

↑ Buy

Moving Avg:

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IBEX 35

10,064.70

+63.40 (+0.63%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

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Buy (7)

Sell (1)

BASF SE NA O.N.

47.985

+0.910 (+1.93%)

Summary

↑ Sell

Moving Avg:

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Sell (7)

Indicators:

Buy (0)

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Bayer AG NA

28.33

+0.24 (+0.85%)

Summary

↑ Sell

Moving Avg:

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Allianz SE VNA O.N.

251.80

-2.05 (-0.81%)

Summary

Buy

Moving Avg:

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Adidas AG

187.00

-0.12 (-0.06%)

Summary

↑ Buy

Moving Avg:

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Deutsche Lufthansa AG

7.191

+0.003 (+0.04%)

Summary

Sell

Moving Avg:

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Siemens AG Class N

181.28

-1.66 (-0.91%)

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Sell

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12.566

+0.204 (+1.65%)

Summary

Neutral

Moving Avg:

Buy (10)

Sell (2)

Indicators:

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Sell (6)

    EUR/USD 1.0846 ↑ Sell  
    GBP/USD 1.2668 ↑ Buy  
    USD/JPY 150.38 ↑ Buy  
    AUD/USD 0.6520 ↑ Sell  
    USD/CAD 1.3564 Neutral  
    EUR/JPY 163.12 Neutral  
    EUR/CHF 0.9563 ↑ Sell  
    Gold 2,093.95 ↑ Buy  
    Silver 23.302 ↑ Buy  
    Copper 3.8673 ↑ Buy  
    Crude Oil WTI 80.13 ↑ Buy  
    Brent Oil 83.81 ↑ Buy  
    Natural Gas 1.884 Sell  
    US Coffee C 184.13 Neutral  
    Euro Stoxx 50 4,894.05 Buy  
    S&P 500 5,137.08 ↑ Buy  
    DAX 17,735.00 ↑ Sell  
    FTSE 100 7,682.50 ↑ Sell  
    Hang Seng 16,538.00 ↑ Buy  
    Small Cap 2000 2,076.39 ↑ Buy  
    IBEX 35 10,064.70 ↑ Buy  
    BASF 47.985 ↑ Sell  
    Bayer 28.33 ↑ Sell  
    Allianz 251.80 Buy  
    Adidas 187.00 ↑ Buy  
    Lufthansa 7.191 Sell  
    Siemens AG 181.28 Sell  
    Deutsche Bank AG 12.566 Neutral  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,850/ 8,000
(50/ 50) # 1,752
SJC HCM7,870/ 8,070
(90/ 40) # 1,823
SJC Hanoi7,870/ 8,072
(90/ 40) # 1,825
SJC Danang7,870/ 8,072
(90/ 40) # 1,825
SJC Nhatrang7,870/ 8,072
(90/ 40) # 1,825
SJC Cantho7,870/ 8,072
(90/ 40) # 1,825
Cập nhật 04-03-2024 14:38:59
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E5 RON 92-II22.75023.200
DO 0.05S20.77021.180
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Dầu hỏa 2-K20.78021.190
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$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.500,0024.870,00
EUR26.109,9627.542,83
GBP30.490,1031.787,53
JPY159,34168,65
KRW16,0519,45
Cập nhật lúc 14:31:35 04/03/2024
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