Why Solana [SOL] may not be in the clear despite its 13% rally to the $30 range 

Solana SOL has finally chosen a side in the tug of war that has been going on between the bulls and bears since end of August. The cryptocurrency delivered a strong bullish performance in the last three days after finding support near the $31 price level.

Timeline of Solana

After some days of abysmal performance, Solana [SOL] rode its horse back to a $1 billion trading volume. Regarded as one of the fastest growing ecosystems in the crypto space, SOL lost grip of the $1 billion volume when the price plunged from $33.44 to $30.62 on 7 September.

Solana (SOL) is regaining its positive momentum and showing applaudable retaliation after a significant sell-off during the first week of September. According to Solana's blockchain explorer, the network has crossed a total of 96.62 million transactions, and it is currently executing over 3000 transactions per second.

Solana has made a name for itself in the decentralized finance (DeFi) and non-fungible token (NFT) space over the last few years. Its growth has seen it become one of the largest contenders for the leading smart contract network Ethereum, as it presents faster and cheaper transaction options.

There are many interesting projects being built on the Solana blockchain. Read this guide to learn about the top projects you should check out. The post Top Projects Building on Solana in 2022 appeared first on Bitcoin Market Journal.

Recent data from Solana [SOL]'s blockchain explorer stated that the network processed a total of 96.62 million transactions. In fact, at the time of writing, the network processed an average of 3,044 transactions per second.

The Solana price analysis is bullish as it shows the cryptocurrency price has been continuously on the increase for the past few days. The market has been following a bullish trend today as the price reached $35.1, and the bullish trend seems strong.

In 2021, the Solana cryptocurrency basically came out of nowhere and witnessed incredibly strong price growth. Solana's SOL even rose to the top 10 cryptocurrencies and has stayed in this area ever since.

Kamino Finance has begun playing a major role in attracting liquidity to Solana's decentralized exchanges (DEXs). The project has launched to reduce the friction between liquidity providers (LPs) and the most up-to-date technology powering next-generation DEXs, the concentrated liquidity market maker (CLMM).

Solana (SOL) has broken out from a long-term resistance line and is attempting to create the final portion of a bullish pattern. The post Can This Partnership Help Solana (SOL) Validate Bullish Pattern?

The total number of transactions conducted on the Solana ($SOL) network is nearing the 100 million mark, at a time in which institutional investors keep betting on products offering them exposure to the cryptocurrency, despite the ongoing bear market. According to data from Solana's blockchain explorer, the network has now processed a total of 96.