Solana Surges by 5.83% Today, Breaks Key Resistance and $SOL Eyes Bigger Rally Ahead

Solana ($SOL) is making significant progress with a continuous upward spree. At present, the price of $SOL accounts for a huge 5.83% increase over the recent 24 hours. This bullish rebound is optimistic and could lead to additional price surges. This will potentially boost investor confidence in the future performance of $SOL.

Solana’s Price Value

Currently, Solana ($SOL) is trading at up to $133.28. Reaching this spot over the past twenty-four hours denotes a staggering upsurge of 5.83%. Yesterday, its value was nearly $125.94 which is below the psychological price level of $130. However, it has successfully surpassed that resistance, pointing out the potential for more price upswings.

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class="wp-block-heading">$SOL Statistical Data:

$SOL’s statistical data is the following:

• Market Cap: the present market capitalization of $SOL stands at $68,098,147,508.99
• Volume: $SOL’s current 24-hour volume is nearly $3,643,143,225.86
• Supply: the circulating and total supply of $SOL account for 510,156,252.98 SOL and 596,639,757.46 SOL respectively

Solana ($SOL) Price Analysis:

Solana ($SOL) commenced its latest 24-hour trading session at $125.98. Nonetheless, within a few hours, it jumped to the height of $132.46 in terms of price. Subsequently, its price dropped briefly to make another surge, leading it to $135.92. Following reaching this point, it has experienced a gradual decline. Hence, its present price level is approximately $133.28.

During the past 24 hours, $SOL has recorded a cumulative 5.83% increase. This substantial price rise highlights the possibility for more price uptakes in the case $SOL’s bullish momentum continues to grow. Following exceeding the psychological price level of $130. $SOL is in a better position to enter a rally.

$SOL Support and Resistance Levels:

The current market data displays $135.92 as the immediate price resistance for $SOL. However, an effective breakout above this level could expose $SOL to the 2^nd and 3^rd resistance levels at $178.63 and $294.33 respectively.

On the other hand, the immediate support level for $SOL stands at $121.94. Subsequently, the 2^nd and 3^rd support levels account for $113.18 and $110.6 respectively.

$SOL Price Prediction

The ongoing bullish behavior of Solana ($SOL) signifies that it could soon reach noteworthy price heights after surpassing key resistance at $135.92. Based on the current price performance, $SOL is expected to reach $150.07 within the upcoming thirty days, denoting a 10.72% increase.