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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)$81,945.00-6.58%
  • ethereumEthereum(ETH)$2,733.77-7.31%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$842.10-5.75%
  • rippleXRP(XRP)$1.75-6.68%
  • usd-coinUSDC(USDC)$1.000.02%
  • solanaSolana(SOL)$113.81-7.79%
  • tronTRON(TRX)$0.291556-0.93%
  • staked-etherLido Staked Ether(STETH)$2,733.98-7.72%
  • dogecoinDogecoin(DOGE)$0.114669-6.11%
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  • bitcoinBitcoin(BTC)$81,945.00-6.58%
  • ethereumEthereum(ETH)$2,733.77-7.31%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$842.10-5.75%
  • rippleXRP(XRP)$1.75-6.68%
  • usd-coinUSDC(USDC)$1.000.02%
  • solanaSolana(SOL)$113.81-7.79%
  • tronTRON(TRX)$0.291556-0.93%
  • staked-etherLido Staked Ether(STETH)$2,733.98-7.72%
  • dogecoinDogecoin(DOGE)$0.114669-6.11%