Solana (SOL) Path to $40 Not Over as It Comes Back at Top

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Solana (SOL) Path to $40 Not Over as It Comes Back at Top
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Solana has made massive comeback to top of crypto market, thanks to explosive rally

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Examining the chart, one of the first indicators that stands out is the descending trading volume. A decrease in trading volume can signal many things in therealm. Often, it might imply reduced interest or activity around the asset, but it can also suggest that traders are cautiously watching, waiting for the next big move. However, it is crucial to remember that reduced volume is not inherently bearish.

However, one crucial factor to consider for any potential reversal or sustained upward movement is the volume. An increase in trading volume, particularly bullish volume, would be a definitive sign of strength and a potential continuation of the upward trajectory. Volume confirms price trends, and if SOL's price continues to climb with rising volume, it would further cement its bullish outlook.

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