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The price of salt (salt) gradually followed the tangible increase in Bitcoin (BTC) and Ethereum (ETH) in the last few days. Altcoin with large drops, with a fully diluted estimate of around $ 89.8 billion and an average 24 -hour trading volume of about $ 8.8 billion, recorded a 17 percent pump for a trade on Friday, May 9, during a later trading session in North America.
After increased volatility, the Solan market recorded a net liquidation of about $ 31 million in the last 24 hours. Meanwhile, Solan’s liquidation on a chain on his native eternal exchange In the past 24 hours, it has reached a high level of over $ 47 million, increasing in this way for a short grip.
Solana Network succeeds with institutional investors
Solana Network has attracted a significant inflow of money from institutional investors, led by SOL strategies, in the last few quarters. The significant growth of memecoin inside the salt pipeline helped increase its total value locked to over $ 8.7 billion.
As Coinpedia reported, several funds managers seek to offer a Spot Solana ETF in the United States. Furthermore, under the administration of Donald Trump, US sec has accelerated its stance in two months compared to the four -year term of Gary Gensler.
Medium aim for the price of salt
From a technical point of view, it is now sure to say that the price of salt is under the influence of bull feelings. In a two -hour time frame, the price of salt has successfully recovered from the decay of the falling logarithmic trend.
Given that the 2-hour MACD line frame crossed the zero line and relative solidity index (RSI) above the 70 percent level, Sal Price now aims to be $ 187 and $ 240. The macro-bullish attitude for the Sol Price will be fully confirmed after Altcoin crosses above the 200-day moving average simply (SMA).
