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Is Solana (Sol) poised to undergo a Bull Run?

Solana ( SOL) looks poised to undergo a bull run in the current crypto market boom led by Bitcoin ( BTC ), argues independent market analyst Hansolar. At the core of Hansolar’s bullish analogy for Solana is its potential to replicate Ether’s (ETH) price trends during the previous crypto market bull runs.

How sustainable is Solana protocol's Bull Run?

This has prompted investors to question the sustainability of SOL’s bull run above $54. Additionally, Solana protocol’s accumulated 30-day fees amounted to $1.9 million, compared to Polygon’s $1.6 million, according to DefiLlama.

What's going on with Solana?

Examining the trading patterns, Solana has been consolidating between $115 and $127, which are strong support levels, and $200 to $210, which mark the recent highs. The price action recently broke a wedge formation, testing lower liquidity levels.

La première plateforme de trading de cryptomonnaies au monde

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