Ethereum

Solana

Bitcoin

<ul> 
 <li><strong>At the time of writing, SOL is trading at $61.10, down 2.56% in the last 24 hours.</strong></li> 
 <li><strong>If the price manages to break above $63.4 then the price will likely retest $65.3.</strong></li> 
</ul> 
<p>As <a href="https://thenewscrypto.com/institutional-investors-bullish-on-bitcoin-as-per-bybit-research/" target="_blank" rel="noreferrer noopener">Bitcoin</a> broke beyond the $41,500 barrier, the cryptocurrency sector as a whole has witnessed a tremendous surge. Moreover, Ethereum is also witnessing strong bullish momentum and is trading above the $2200 level at the time of writing. Furthermore, most altcoins have risen sharply, indicating widespread optimism in the cryptocurrency market.</p> 
<p>Solana co-founder Anatoly Yakovenko asserts in a post on Twitter that the success of Solana is not dependent on Ethereum’s downfall. Actually, he sees a scenario where both platforms are successful, which shows how far technology may go.</p> 
<p>This insight highlights how the crypto market is always evolving, driven by innovation and fair competition. The co-founder sees this rivalry not as a danger but as an inevitable component of the blockchain ecosystem’s development.</p> 
<h3 class="wp-block-heading" id="h-minor-correction">Minor Correction</h3> 
<p>At the time of writing, <a href="https://thenewscrypto.com/solana-price-eyes-breaking-above-61-5-as-bulls-continue-domination/" target="_blank" rel="noreferrer noopener">SOL</a> is trading at $61.10, down 2.56% in the last 24 hours as per data from CoinMarketCap. Moreover, the trading volume is down 41.13%. Despite the minor correction, SOL is up 12.23% in the last 7 days and 46.84% in the last 30 days.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
  <img decoding="async" width="630" height="380" src="https://thenewscrypto.com/wp-content/uploads/2023/12/SOL_7D_graph_coinmarketcap-1.png" alt="" class="wp-image-86835" srcset="https://thenewscrypto.com/wp-content/uploads/2023/12/SOL_7D_graph_coinmarketcap-1.png 630w, https://thenewscrypto.com/wp-content/uploads/2023/12/SOL_7D_graph_coinmarketcap-1-300x181.png 300w" sizes="(max-width: 630px) 100vw, 630px">
  <figcaption class="wp-element-caption">
   Source: <a href="http://CoinMarketCap.com" target="_blank" rel="noreferrer noopener nofollow">CoinMarketCap</a>
  </figcaption>
 </figure>
</div> 
<p>The price made a failed attempt to break above the $65.3 mark. Moreover, the price recently broke below the key support level of $62.5. If the price manages to break above $63.4 then the price will likely retest $65.3 resistance level.&nbsp;</p> 
<p>If bulls manage to break this level, then it will likely rise further to test $79.1 level. However, if the price declines and goes below $59 level, then it will likely decline further to test $56.4 support level.</p>

Solana Price Faces Brief Correction After Failing to Clear Above $65.3

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