Summary
SOL is currently trading at $112.13, showing a 1.57% increase in the last 24 hours. If the price surpasses the $117 level, it may potentially test the $138 support level. Additionally, institutional investors have invested $103 million in digital assets, with $6 million going into Solana. The Solana network has experienced significant growth, with over 15.6 million active addresses and a record-breaking 6.8 million unique addresses added in December. Notably, a large quantity of SOL tokens worth $23 million was transferred to the Binance exchange, drawing attention to market watchers.
Introduction
SOL, the digital asset, has seen a 1.57% increase in trading, reaching $112.13 within the last day. If the price continues to rise above the $117 level, it has the potential to test the $138 support level. Institutional investors have also shown interest in digital assets, injecting $103 million into the market. Among the investments, $6 million has been allocated to Solana. The growth of the Solana network has been impressive, with a significant increase in active addresses and unique addresses added in December. The recent transfer of a substantial quantity of SOL tokens to the Binance exchange has attracted attention from market watchers.
Main Points
- SOL is currently trading at $112.13, with a 1.57% increase in the last 24 hours.
- If the price breaks above the $117 level, it may test the $138 support level.
- Institutional investors have invested $103 million in digital assets, with $6 million going into Solana.
- The Solana network has experienced significant growth, with over 15.6 million active addresses, surpassing the previous high of 15.2 million.
- In December, a record-breaking 6.8 million unique addresses were added to the Solana network.
- A large quantity of SOL tokens worth $23 million was transferred to the Binance exchange, drawing attention from market watchers.
Conclusion
SOL has seen a modest increase in trading and has the potential to reach the $138 support level if the price continues to rise above $117. Institutional investors have shown interest in digital assets, with a notable allocation of $6 million to Solana. The Solana network has experienced substantial growth, breaking previous records in active and unique addresses. The recent transfer of a significant quantity of SOL tokens to the Binance exchange has also attracted attention from market watchers, particularly due to SOL’s overbought scenario indicated by its RSI.