Solana (SOL /USD) Price, chart and analysis
- Solana (SOL) has risen from about $ 2 to just over $ 82 at the beginning of the year.
- Osprey file for the private Solana Foundation in the United States.
The cryptocurrency market is currently trading sideways, slightly skewed to the negative, securing the large gains observed over the past few weeks. Further news on the takeover of major US banks – Unconfirmed media coverage suggests that Citi is the last bank to be said to be considering trading Bitcoin CME futures – ostensibly supports Bitcoin and the market as a whole, and the latest consolidation period could be a springboard for higher prices.
One crypt that moves sharply higher is Solana. 10th Solana (SOL), the largest cryptocurrency in terms of market capitalization, has risen by more than 20% in the last 24 hours, comfortably outperforming most of its peers. Trading volume increased by more than 136% over the last day as the coin continues to record new records.
Data is provided through @coinmarketcap.com
One reason that is said to be behind the recent rise is the Osprey cryptocurrency fund, which provides Solana Fund with the SEC earlier this week. The Osprey Funds already manage the Bitcoin and Polkadot Funds with the Algorand Trust, which provides exposure to the ALGO label. According to the Osprey website, these funds offer “safe, cheap and easy access to digital assets”, adding that they are “available from your brokerage account or IRA”. Also considering grayscale investments adding Solana to its product family with twelve more other reserve.
Solana started at about $ 2 in 2021, and volume and price have risen over the past eight months. Recent price measures, together with an increase in market turnover, suggest that buyers will continue to control price activity, as the recent trading block is in the range of $ 65- $ 80, with lower numbers representing short-term support levels. With Solana more than doubling in August, these levels could be profitable in the short term, although Osprey news may well support SOL in the coming weeks and months.
Solana daily price schedule August 27, 2021
Chart via TradingView
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