Solana

BOOK OF MEME

Bitcoin

Jupiter

MEME

The post <a href="https://coinpedia.org/price-analysis/sol-price-approaches-200-while-jupiter-jup-drops-after-reaching-new-highs-solana-ecosystems-heat-up/" rel="noopener noreferrer nofollow">SOL Price Approaches $200, While JUP Cosolidates After Reaching New Highs— Is Solana Ecosystem Heating Up?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Soon after the Bitcoin price plunged below $66,000, Solana also faced a similar action and dropped below $165. This move has shaken the entire crypto space for a while, but the immediate rebound in the SOL price and a continuation of a bullish trend have kept up the hopes of a bull market. With this, the Solana ecosystem has also geared up with the projects over the platform gaining enormous strength.&nbsp;
The newly launched memecoin, BOOK OF MEME (BOME), <a href="https://coinpedia.org/price-analysis/book-of-meme-bome-leads-the-crypto-markets-by-storm-should-doge-shib-pepe-and-floki-be-worried/" target="_blank" rel="noopener noreferrer nofollow">has topped the table with a splendid rally</a> of over 400% in the past 24 hours. Meanwhile, Jupiter (JUP), a liquidity infrastructure for the Solana platform, clinches second place with a 50% jump. The token marked a new high at $1.5, beyond which the price faced a minor pullback.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/rUNLDAVXAshVCwmTlgPTdDw-nzoQ-6eSh2C0Z1VaxzFe3tY-9xuR_7GM0g-Ox25XZ4-WP-io4kYj31fW1XsYZWWgsnR6Uomw4TY-RWX625etBfJE1oie6su0DHd0RVDX4wuyZxByo19X2w2dMoTMTyY" alt="">
</figure>
The short-term trade indicates the price is facing minor bearish actions after hitting the upper resistance of the rising wedge. Technicals like RSI have reached the upper threshold, which indicates a small plunge could make its way out. Besides, the DMI levels have expanded to a large extent, due to which a contraction may occur, substantiating a bearish claim. However, market sentiments remain bullish and hence, the JUP price is believed to trigger a rebound after consolidating around $1.3.&nbsp;
On the other hand, the <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Solana price</a> marked new yearly highs at $197.95, which invited a decent sell-off. Currently, the price has dropped below $190 but has sustained within the key-resistance levels between $175 and $196.28. Until the SOL price sustains within the range, the traders may remain bullish on Solana, which may smash a new ATH above $300 very soon.&nbsp;

SOL Price Approaches $200, While JUP Cosolidates After Reaching New Highs— Is Solana Ecosystem Heating Up?

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