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Solana Price increased by 11% in the previous 24 hours, indicating a bullish trend. The altcoin has increased by about 19% in the last week.Solana was one of the top gainers over the last week as a result of this. Solana has broken through the $33 barrier and has turned bullish on its chart. It also formed a bullish pattern, giving traders hope. Solana may face stiff resistance at the $41 price level.At the time of writing,<a href="https://www.coingabbar.com/en/crypto-currency/solana-sol-prices-usd" rel="noopener noreferrer nofollow"> SOLANA</a> was trading at $38.50. SOL has mostly ranged between $33 and $49 during the last few months. Solana gained 11% in the last 24 hours and formed a rounded bottom pattern. This pattern is associated with bullish sentiment and the continuation of an upward price trend.The weekly chart of SOL appears to be in favourable condition, as the week started bullish, with more positive sentiments. Because SOL’s price cannot rise, it faces resistance to breaching above $39.SOL’s price must move above this level in order to reach $40, and maybe $45. SOL’s price must break and hold above this level to have a better chance of heading higher. The price of SOL may rise if a significant volume of trading happens. If the price of SOL fails, we may see a retest of $31, which would act as a strong demand zone for a drop in price.SOL prices seem bullish on the daily timeframe, with prices attempting to close the day on a high after a strong weekly candle close. SOL has risen from a daily low and is now trading above the 50 Exponential Moving Average.According to Price Analysis, The market capitalization of this SOL is estimated to be $19,674,326,582. The 24-hour trading volume for the same coin is around $1,635,190,327. SOL market capitalization has fallen by 2.61%. However, trade volume increased by 36.48% during intraday trading. The market capitalization to volume ratio is 0.1244.The first significant resistance level is at $39.30. Any future increases might take the price up to $42.00. Above $42.00, the price may shortly reach $45.00.If SOL fails to break beyond $39.30, the price may continue to decline below $37.20. The next significant level of support is at $36.00. If it fails to hold this level, strong panic selling might occur towards the $34.00 level.KEY LEVELS :RESISTANCE LEVEL : $39.50-$41.50SUPPORT LEVEL : $37.00-$35.50<img src="https://academy-public.coinmarketcap.com/optimized-uploads/323d18e5cf9747a1b906c31caac8d41d.png" />Will SOLANA surpass $40 if it rises beyond $38? Tell us what you think.Get more crypto related updates on ;-<a href="https://www.coingabbar.com/en/crypto-news-english" rel="noopener noreferrer nofollow"> https://www.coingabbar.com/en/crypto-news-english</a>

SOLANA PRICE ANALYSIS : Will SOL continue its bull run to $40 ahead of CPI data?

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