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Great Opportunity Waiting for Solana Investors: The Boom is Coming Soon!

Solana Yatırımcılarını Bekleyen Büyük Fırsat: Patlama Çok Yakında!
Solana Yatırımcılarını Bekleyen Büyük Fırsat: Patlama Çok Yakında!
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Solana (SOL) has managed to attract attention in the cryptocurrency market. Breaking the parallel channel formation that has been going on for 9 months, SOL turned the market sentiment positive with this move. After this rise, SOL is consolidating near the $204 support level. Investors see this as an accumulation signal before a big rally .

Technical Analysis: Solana Chart Heralds Rise

Technical analysis experts state that Solana has moved from a range-bound market to an uptrend with this breakout move. The fact that it has been consolidating in a narrow range for the last three days indicates that the market is in a recovery and accumulation phase. This situation increases the possibility of a new rally in the short term.

Looking at the price action, SOL is thought to have the potential to break this small consolidation and rise to $260. The fact that it is currently trading above the 200-day EMA reinforces this bullish expectation. This position above the EMA shows that the trend is continuing upwards and proves that buyers are in control.

On-Chain Data for Solana: Positive Signals

On-chain data also supports Solana’s bullish outlook. According to Coinglass data, Solana’s Long/Short ratio is currently at 1.05, indicating that the market is generally bullish. Additionally, open interest has increased by 11% in the last 24 hours and 4.7% in the last 4 hours.

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These increasing open interest rates indicate that investors are showing increasing interest in Solana. The fact that long positions are gaining weight even during the consolidation phase shows investors’ confidence in future rallies.

DeFi Ecosystem Breaks Records

Solana’s decentralized exchange (DEX) ecosystem is also breaking records . Over the last three days, the Solana DEX ecosystem has seen daily trading volumes exceeding $5 billion. According to DeFiLlama data, these volumes reveal the size and importance of the ecosystem. Between November 10-16, a total of $15.9 billion worth of transactions were made on the Solana DEX.

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Roughly 60% of this trading volume was made up of Raydium. Raydium is the largest DEX on the Solana network and offers an excellent trading experience for users with its high liquidity. High trading volume further strengthens the ecosystem by increasing trust in Solana’s DeFi projects.

What Will Happen in the Future?

Solana’s technical and fundamental indicators support bullish expectations in both the DeFi and spot markets. A rally following consolidation could propel SOL to new heights. At the same time, the growth in the DEX ecosystem is likely to continue to increase interest in Solana-based projects.

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Great Opportunity Waiting for Solana Investors: The Boom is Coming Soon!
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