Solana Price Analysis: SOL swiftly spikes to a new all-time high at $64.8

TL;DR Breakdown Solana price has seen rapid advance over the past 24 hours.The previous all-time high at $58 was broken.SOL/USD is likely to retrace later today. Solana price analysis is bullish today as the previous all-time high at the $58 mark was breached today. Since then, SOL/USD has continued to gain ground and has since reached the $64.8 mark. Cryptocurrency heat map. Source: Coin360 The crypto market trades with a solid bullish momentum over the last 24 hours. Bitcoin is up by 3.3 percent, while Ethereum by 3.67 percent. Solana (SOL) is among the best performers, with a gain of 30 percent. Solana price movement in the last 24 hours: Solana rallies past the previous all-time high SOL/USD traded in a range of $46.10 – $64.48, indicating extreme volatility over the last 24 hours. Trading volume has spiked by 495 percent and totals $2.885 billion, while the total market capitalization trades around $17.6 billion, ranking the coin in 11th place overall. SOL/USD 4-hour chart: SOL sets a new all-time high at $64.8 On the 4-hour chart, we can see the Solana price continuing to advance after breaking past the previous all-time high. SOL/USD 4-hour chart. Source: TradingView Solana price action has seen a strong advance over the past weeks. After a new swing low was established around $22.5 on the 20th of July, SOL/USD rapidly advanced, with the support area between 100 and 200-hour moving averages tested several tim...