Is SOL Price Overbought or Breaking Out? Experts’ Analysis and Insights

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Solana (SOL) price rallied 3 percent in the past 24 hours to trade at about $164 on Friday, July 11, during the mid-North American session. The large-cap altcoin, with a fully diluted valuation of about $99 billion, recorded a 62 percent surge in its daily average traded volume to hover around $7.9 billion at the time of this writing.

As a result of the heightened volatility, more than $23 million was liquidated from Solana’s leveraged market, with short traders involving $16.7 million. Meanwhile, Solana’s Open Interest (OI) has surged in tandem…



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Is SOL Price Overbought or Breaking Out? Experts’ Analysis and Insights


Solana (SOL) price rallied 3 percent in the past 24 hours to trade at about $164 on Friday, July 11, during the mid-North American session. The large-cap altcoin, with a fully diluted valuation of about $99 billion, recorded a 62 percent surge in its daily average traded volume to hover around $7.9 billion at the time of this writing.

As a result of the heightened volatility, more than $23 million was liquidated from Solana’s leveraged market, with short traders involving $16.7 million. Meanwhile, Solana’s Open Interest (OI) has surged in tandem…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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