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Solana on-chain and derivatives data highlight the limitations of SOL’s potential price breakout

April 18, 2023 by DIGIT
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SOL price recently rallied by 30%, but on-chain data suggests that the network’s growth challenges could restrict Solana’s upside.

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  • bitcoinBitcoin(BTC)$82,901.00-5.63%
  • ethereumEthereum(ETH)$2,758.48-6.33%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$849.87-5.23%
  • rippleXRP(XRP)$1.76-5.67%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$115.22-6.06%
  • tronTRON(TRX)$0.292238-0.63%
  • staked-etherLido Staked Ether(STETH)$2,757.11-6.08%
  • dogecoinDogecoin(DOGE)$0.114966-5.27%
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  • bitcoinBitcoin(BTC)$82,901.00-5.63%
  • ethereumEthereum(ETH)$2,758.48-6.33%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$849.87-5.23%
  • rippleXRP(XRP)$1.76-5.67%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$115.22-6.06%
  • tronTRON(TRX)$0.292238-0.63%
  • staked-etherLido Staked Ether(STETH)$2,757.11-6.08%
  • dogecoinDogecoin(DOGE)$0.114966-5.27%