Solana Turns Green After Recent Downtrend: $SOL Price Analysis

Solana ($SOL) has recently witnessed a recovery following a persistent decline over a few days. As per the latest data, $SOL’s current price shows a 0.82% increase during the recent 24 hours. This indicates a renewed investor interest and increased possibility for a significant price upturn in the near term. In this respect, Solana is making considerable endeavors to make further price increases.

Solana ($SOL) Price Value

In line with the market data, $SOL is changing hands at $125.94. This price level points toward an increase of up to 0.82% over twenty-four hours. This development is a noteworthy sign for the potentially upcoming price action and overall future trajectory of Solana. The price increase highlights $SOL’s capability to reclaim the recent price heights as the bullish momentum is building up.

Statistical Data

• Market Cap: $SOL accounts for $64,491,879,536.01 in its market capitalization
• Volume: The present 24-hour volume of $SOL stands at $3,084,569,061.14
• Supply: $SOL’s cumulative and circulating supply comprise 597,537,490.68 SOL and 512,508,293.8 SOL respectively

$SOL Price Analysis:

$SOL began the latest 24-hour candle thereof with its price hovering around $125.13. Nonetheless, it subsequently plunged to the $124.58. This triggered a rebound placing $SOL’s price at $127.69. However, it could not sustain that level and again dipped to $123.94 following that. Then, for another time, the price increased to the height of $126.49.  Currently, it accounts for $125.94.

Hence, the overall 24-hour price change denotes a 0.82% price upsurge for $SOL. This points toward the steady community support, increasing its potential for additional gains in the future. In this respect, $SOL is consistently trying to surpass the resistance level near its present price level.

$SOL Support and Resistance Levels:

The latest data reveals $SOL’s immediate price resistance at $127.69. Additionally, $147.05 and $178.63 stand as the second and third levels of resistance for $SOL.

On the other hand, $SOL finds the immediate price support at $123.1. Subsequently, $113.18 and 110.6 are $SOL’s 2^nd and 3^rd price support levels respectively.

Solana Price Prediction

The latest price increase of 0.82% signifies the rising bullish momentum for Solana ($SOL). This could be the onset of a considerable price movement. At the moment, the sustenance of this trend could raise Solana’s price to $140.10, accounting for an 11.01% surge within thirty days.