Despite the majority of assets in the cryptocurrency sector slowing down their gains from previous weeks, Solana (SOL) continues to march on and defy the pessimistic mood, and certain bullish indicators suggest more advances could be in store.
As it happens, the ‘buy and sell indicator’ for the seventh-largest cryptocurrency is currently demonstrating a massive buy signal, according to the analysis shared by the renowned pseudonymous crypto market expert CoinsKid in an X post published on November 8.
Indeed, observing the chart patterns, Solana’s move from $24 in mid-October this year, when the indicator flipped into green, to close to $43.60 by press time has been nothing short of impressive, especially when compared to the previous buy signal, as the crypto trading analyst pointed out.
Solana price action technical analysis. Source: CoinsKid
Solana price analysis
Meanwhile, the price of Solana presently stands at $43.36, recording an increase of 5.43% in the last 24 hours, addi
We współpracy z: https://finbold.com/solana-macro-flashes-buy-signal-expert-analysis/
