Cardano

Solana

Dogecoin

<ul> 
 <li><strong>Solana is now the seventh most valuable cryptocurrency as per CMC.</strong></li> 
 <li><strong>If the price breaks decisively over the $25 resistance, it may go towards $27.50.</strong></li> 
</ul> 
<p>Lately, the price of Solana (SOL) skyrocketed, coming alarmingly close to $25. Due to its recent price increase, Solana is now the seventh most valuable cryptocurrency, surpassing both Dogecoin (DOGE) and <a href="https://thenewscrypto.com/cardano-spot-and-minswap-labs-team-up-to-promote-stablecoins/" target="_blank" rel="noopener noreferrer nofollow">Cardano</a> (ADA).</p> 
<p>This year, the TVL for Solana reached a new high of $338.21 million. This provides some good news for Solana fans after a year full of setbacks.</p> 
<h3 class="wp-block-heading" id="h-bulls-in-total-control">Bulls in Total Control</h3> 
<p><a href="https://thenewscrypto.com/solana-sol-crosses-20-barrier-as-price-surges-5-12/" target="_blank" rel="noopener noreferrer nofollow">Solana’s</a> TVL rose 4.15 percent from $324.64 million yesterday, for a yearly growth of nearly 38 percent from its $210.47 million starting point on January 1. These numbers, however, cannot make up for the shocking 60% drop in TVL starting in 2022.</p> 
<p>In comparison to Solana’s high of over $10 billion in 2021, the TVL’s present recovery is notable but not very impressive. Its TVL has increased by almost $116 million year to date, which might indicate a positive sentiment. At the time of writing, SOL is trading at $24.18, up 6.18% in the last 24 hours as per data from CMC. Moreover, the trading volume is up 39.83%. In terms of technical analysis, the first key barrier is at $24.60, followed by $25.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full"> 
  <img decoding="async" width="660" height="356" src="https://thenewscrypto.com/wp-content/uploads/2023/10/SOL_7D_graph_coinmarketcap.png" alt="" class="wp-image-83189" srcset="https://thenewscrypto.com/wp-content/uploads/2023/10/SOL_7D_graph_coinmarketcap.png 660w, https://thenewscrypto.com/wp-content/uploads/2023/10/SOL_7D_graph_coinmarketcap-300x162.png 300w, https://thenewscrypto.com/wp-content/uploads/2023/10/SOL_7D_graph_coinmarketcap-150x81.png 150w" sizes="(max-width: 660px) 100vw, 660px"> 
  <figcaption class="wp-element-caption">
    Source: <a href="http://CoinMarketCap.com" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a> 
  </figcaption> 
 </figure> 
</div> 
<p>If the price breaks decisively over the $25 resistance, it may go towards the $27.50, with the next major barrier seen around the $28.80 area. If the current trend keeps on, the price may soon hit $30. However, if SOL cannot find buyers between $24.50 and $25, it may change course. The $23.20 price point, together with the adjacent trend line, provides initial downward support.</p>

Solana (SOL) Price Skyrockets; Inches Closer to $25 Key Level

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