Solana (SOL) Surges 15% as Investors Turn Bullish: What’s Next?

• Solana traded $5.66 billion in 24 hours.
• SOL rebounded by 15.52% in the past four days.
• The recent SOL rebound reflects a potential trend reversal with significant breakouts.

Solana’s native cryptocurrency, SOL, experienced a significant surge in trading volume, reaching $5.66 billion in a single day, according to crypto influencer MartyParty. This surge, accompanied by over 20 million gas-paying user transactions, has fueled a recent rally in SOL’s price and sparked bullish sentiment among investors.

Solana has done $5.66b in volume in 24hrs on 20m gas paying user transactions higher. @solana #Solana pic.twitter.com/mGMYJb6Lnw

— MartyParty (@martypartymusic) July 15, 2024

This identified volume in the past 24 hours contributes to SOL’s impressive four-day rally, which has seen the top altcoin surge from a low of $133.91 to a high of $154.17 in the current trading session. The rebound represents a 15.52% rally after four consecutive bullish daily candles, according to TradingView data.

The recent SOL surge, triggered by increased transaction volume, has generated a confluence of significant breakouts, leading to a rise in bullish sentiment among retai…

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