Ethereum

bullish

Solana

Bitcoin

<ul>
 <li>Solana price surpassed its resistance at $145 in the last 24 hours.&nbsp;</li>
 <li>The token’s daily trading volume surged by 123.19% according to CMC data.</li>
</ul>
Over the last 24 hours, in an interesting turn of events, the crypto market has begun to show bullish sentiments. The overall market cap has increased by 4.07% while daily trading volume surged 47.66%. Leading cryptocurrencies such as Bitcoin and Ethereum surpassed previous resistance levels and attempted price recovery.&nbsp;
Notably, the second largest altcoin, Solana, has shown a price increase of 9.70% in the last 24 hours. At the beginning of the day, the token traded at a low of $144. However, in the following hours, the token’s prices began to spark bullish candles and surpassed several resistance levels at $150 and $155. At the time of writing, the token was trading at $157.90 as per CMC <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="noopener noreferrer nofollow">data</a>.&nbsp;
Zooming out, over the past week, the altcoin struggled to see bullish takeovers of the trading cycles. Its weekly price performance stands at a 13.14% increase influenced by the bullish turn of the past day. Moreover, Solana’s daily trading volume also showed a significant surge of 108%.&nbsp;
On the other hand, while the expectations for spot Solana ETFs have been on the rise in the US, there hasn’t been much progress from the <a href="https://thenewscrypto.com/u-s-court-rejects-krakens-request-to-dismiss-sec-lawsuit/" target="_blank" rel="noopener noreferrer nofollow">SEC’s</a> side. Meanwhile, other countries have witnessed the launch of spot Solana ETFs.&nbsp;
<h3 class="wp-block-heading" id="h-will-solana-sol-witness-a-price-breakout-nbsp">Will Solana (SOL) Witness a Price Breakout?&nbsp;</h3>
According to TradingView data, the token’s short-term 9-day MA stands above the long-term 21-day MA. This indicates the bullish turn in the last 24 hours. Moreover, the current price rally has also instigated a buying sentiment in the market. Solana’s RSI standing at 75.37 highlights this market sentiment.&nbsp;
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeWAAUcV2mSYzM2dNxvGIHFC5Ftbnpb0ptsPAGDSc1tA22kS4QBw1sDklUwnnKa6SyoAS2_wcM7GUf7BFMp4KiehQ2iK92nvtG10PS_MdiKP7cXul24KOGItLanZ_yBnfhZcSY7DQ8B20rg1sA9gJVMPXo?key=LtdSpEV2-vhJtDKQETXH6w" alt="">
 <figcaption class="wp-element-caption">SOL/USDT 4H Price Chart (Source: <a href="https://www.tradingview.com/symbols/SOLUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
Furthermore, if Solana manages to sustain this current positive momentum, it might witness price breakouts in the coming days. Relatedly, market analyst Ali <a href="https://x.com/ali_charts/status/1827029097081418036" target="_blank" rel="noopener noreferrer nofollow">stated</a> on his X account that Solana might hit $164.&nbsp;
Meanwhile, <a href="https://thenewscrypto.com/ethereum-foundation-moves-eth-to-kraken-amid-token-price-recovery/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a> also surpassed its resistance at the $2.6K level in the last 24 hours.&nbsp;
Highlighted Crypto News Today:&nbsp;
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Are Solana Bulls Making a Comeback as Price Surpasses $155?

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