dogwifhat

Solana

Jupiter

Today, on March 15, 2024, amidst an overall cryptocurrency market downturn of nearly 4% and struggling to gain momentum, Solana’s SOL experienced a price surge of over 6%. The primary reason behind Solana’s SOL price surge in this market condition might be the recent collaboration between Solana and the Binance web3 wallet.&nbsp; Why Solana’s price is increasing? 
However, this collaboration allows Binance users to seamlessly manage and trade SOL, gaining access to a range of dApps and upcoming airdrops. Additionally, with this integration, crypto enthusiasts can easily manage Solana assets in the multi-chain wallet and seamlessly swap Solana-based tokens. 
With this impressive collaboration, Solana’s SOL is currently experiencing a massive gain, while top cryptocurrencies like Bitcoin, Ethereum, Binance Coin, Cardano, and many others are experiencing massive declines in this market.&nbsp; 
Top cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) prices have dropped by over 6% in the last 24 hours, whereas BNB experienced a price fall of over 5% in the same period. This downturn might represent a market correction, as the overall cryptocurrency market experienced a significant price surge in the last 30 days without any pause. Solana price-performance analysis 
With all these, currently, Solana’s SOL is trading near $177, having experienced a price surge of over 6% in the last 24 hours, reaching a high of $185.9. Looking at SOL’s performance over a longer period, in the last 7 days, Solana’s SOL has gained over 22% in upside momentum, while in the last 30 days, it has gained over 52% in upside momentum.&nbsp; 
Besides impressive price performance, investors, as well as traders’ interest, is highly observed in Solana’s SOL as the 24-hour trading volume has also increased by 65% and currently stands near $10.9 billion. Besides Solana’s SOL, this Solana-based dogwifhat (WIF) and Jupiter (JUP) also experienced a massive price surge in this struggling market. Solana-based WIF tokens in the last 4 hours experienced a price gain of over 15%, whereas JUP tokens experienced a price surge of over 5%. 
According to expert technical analysis, Solana’s <a href="https://news.todayq.com/solana-to-face-17-to-28-price-correction-analyst-warns/">SOL is bullish</a> and is heading towards the $200 mark. The potential for SOL to hit $200 is high due to investor and institutional support. This price surge in SOL follows the breakout of the resistance level near $141. Since the breakout, SOL has experienced a massive surge, and now the next resistance is at $200.

Solana price soars 6% amid crash like situation, Here’s why

Todayq News

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