The post Analysis of the crypto Solana, Shiba Inu, and Orca appeared on BitcoinEthereumNews.com.

In this period Bitcoin is definitely dominating the crypto markets, but today we will analyze the trend of SOL (Solana), SHIB (Shiba Inu) and Orca. Price analysis of the crypto Solana (SOL), Shiba Inu (SHIB) and Orca (ORCA) SOL is the native cryptocurrency of the Solana ecosystem. Not only is it one of the top five cryptocurrencies in the world by market capitalization, but it is close to surpassing BNB to become the fourth, behind only Bitcoin, Ethereum, and USDT. In the last 24 hours, its price has made an excellent recovery, with a +11% which is by far the best performance today among the top 40 criptovalute. Despite this, however, it is still at -16% compared to seven days ago, that is in line with BNB and better than Ethereum (worse, however, than Bitcoin). During the latest recent crash, the price fell below $120, a level that had been holding since January, but it took very little time to bounce back and rise above that level.  The fact is that there are some doubts about the stability of Solana’s price in the medium/short term, as it might have been inflated for some time due to bot activity. It is worth noting that at the end of 2022 the bottom of the bear-market of the price of Solana was below $10, and that still in June of last year the price was only $15.  The last bullrun of SOL started in October, with a first phase ending in December just above $120, and a second one starting at the end of January and ending in March above $200. Since then, a long period of lateralization has effectively begun, which still seems to be in effect, with wide price swings between $120 and about $180, and with brief forays just above…

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Filed under: News - @ August 7, 2024 8:24 pm