Trading Volume Surges 130% as Market Shows Recovery Signs
The post Trading Volume Surges 130% as Market Shows Recovery Signs appeared on BitcoinEthereumNews.com.
TLDR Solana (SOL) is currently trading at $138, up 5.87% in 24 hours but still down 20% for the month Polymarket has integrated Solana wallet deposits to lower transaction costs and improve user experience SOL’s trading volume increased by 130.42% to $3.33 billion with total futures at $5.25 billion (up 11.01%) Active Solana wallets rebounded from 1 million to 3 million between March 20-23 SOL price spiked nearly 7% following the Polymarket integration announcement Solana’s price has shown signs of recovery over the past 24 hours, currently trading at $138 with a 5.87% increase. The uptick comes as Polymarket announced integration with Solana wallet deposits on March 24, allowing users to fund their accounts using SOL alongside the previously available USDC option. Despite this recent price jump, SOL remains down 20% over the past month. This indicates the market has been experiencing volatility and uncertainty in recent weeks. Solana bounced back from a recent low of $128.49, showing some short-term strength. However, the cryptocurrency is still struggling to break past the $140 resistance level, where sellers continue to apply downward pressure. Two possible scenarios for Solana $SOL: 🔹 $144 is a key level for bulls to reclaim for more upside. 🔹 This price level has the highest trading volume since March 2024. pic.twitter.com/vQX60XwYOx — Trader Edge (@Pro_Trader_Edge) March 23, 2025 If SOL can move above $140 and maintain that position, it could signal a shift toward more positive market sentiment. This key price level will be important to watch in the coming days. Trading Analysis Trading volume for Solana has surged by 130.42% to $3.33 billion. This indicates increased market activity, with more people buying and selling the cryptocurrency. Data from Coinglass reveals growing interest in Solana’s futures market. The total money in Solana Futures has reached $5.25 billion, marking…
Filed under: News - @ March 25, 2025 9:23 am