Solana (Sol) was one of the biggest losers in February. The assets lost most of their profits last month, despite starting the year with a good memo. However, Altcoin stepped into March in a bullish way. This was due to Donald Trump’s inclusion of Solana in the country’s crypto strategic reserve. The assets saw a quick jump from the lowest lowest to the highest of 140.30. The news may have burned the price of SOL for now, but the community hopes to pocket profits in the coming days.
Solana shines brighter than others
At the time of writing, the assets have witnessed minor revisions. This made Altcoin priced at $161.07, much lower than its daily high. However, Solana has recorded a massive rise of 12.08% over the past 24 hours.
The daily volume of Solana followed a similar trend. Sol’s volume over the last 24 hours has jumped to a staggering 454%. Currently, Altcoin’s trading volume is $136.9 billion. Considering the direction of price movement for Sol, it appears that buying activity is on the rise, in contrast to sales.
Price forecast
Sol’s latest price trajectory has led to the community expecting a bigger spike in the coming days. However, it appears that the highly unstable Solana market has other plans. According to Concodex data, on March 5th, Altcoin could be trading around current price levels. The company predicts the SoL will be priced at $160. The highest asset rises over the next few days is $161. This isn’t necessarily a sign of bullishness, but the rest of the month could lead to an increase in Altcoin.
(TagStoTranslate) Crypto(T) Cryptocurrency(T) Sol(T) Solana
