Altcoin bulls are not slowing down as they collectively attempt to make an upward correction. While some are on the verge of making a U-turn from the red zone, a handful of altcoins are already in the green zone.
According to a recent observation from Santiment, a leading on-chain analytics platform, two altcoins have already succeeded in making a bullish turnaround.
It was also observed that four other altcoins were flashing a bullish signal.
Cardano (ADA) and Solana (SOL) are the two altcoins securing massive gains. ADA bulls successfully pushed the asset above the $0.5 price level. During the time of this report, ADA is trading for $0.52. While hourly losses are piling in, trading volume has surged by 44% over the last 24 hours.
On the other hand, Solana (SOL) is impressively closing in on the $110 price mark. Trading volume and market cap are up by 38% and 7%, respectively, over the last 24 hours.
Recall that SOL hit an all-time high of $260.06 in November 2021. SOL now trades at a press time price of $101.45. Over the last 30 days, SOL has secured gains of more than 73%.
It is worth noting that SOL’s year-to-date value has surpassed that of Bitcoin and every other asset within the top 20 category. Should the asset close above the $150 price mark, the quarter could see SOL retest its previous ATH.
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