Solana

Bitcoin

<ul>
 <li>Solana’s daily trading volume showed a 25.26% increase according to CMC data.&nbsp;</li>
 <li>The altcoin is expecting to see a spot ETF launch as market speculations are on the rise.</li>
</ul>
In the past 24 hours, the cryptocurrency market has shown bullish turns with market cap increasing 2.79% and daily trading volume surging 16.36%. Leading cryptocurrencies such as Bitcoin also showed price increases over the past day. However, the market over the past few weeks has remained uncertain with high volatility rates.&nbsp;
Notably, the second-largest altcoin, Solana, has shown a price increase in the last 24 hours with a 2.10% increase in market cap. At Asian evening hours, SOL traded at a low of $141.01. However, the token slid to an intra-day low of $139.27 before prices began climbing to current levels. At the time of writing, Solana was trading at $143.88 according to CMC <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="noopener noreferrer nofollow">data</a>.&nbsp;
Zooming out, over the past week Solana’s price charts show strong bull-bear combats as the altcoin showed high volatility. According to TradingView reports, Solana’s <a href="https://www.tradingview.com/x/sOPIPQgL/" target="_blank" rel="noopener noreferrer nofollow">RVI</a> stands at 53.43. This resulted in Solana’s weekly prices dangling between $141 to $149 levels.&nbsp;
Additionally, the token’s weekly price performance shows a 1.07% increase due to the bull-bear combat. In the last week, Solana was trading at a price of $143, after which it proceeded to fall to a support level of $136. However, with the bulls attempting to win the combat, prices climbed above $140.&nbsp;
<h3 class="wp-block-heading" id="h-will-solana-bulls-make-a-comeback-nbsp">Will Solana Bulls Make a Comeback?&nbsp;</h3>
The altcoin has received mixed signals from market analysts’ predictions. Some of the market experts believe that Solana might experience a bullish turn. Meanwhile, others have predicted an incoming price drop for the altcoin. If the token manages to surpass current resistance at $145 and $149 then it can experience a bull run surpassing $150.&nbsp;
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcAFlIom2U81LBspcHy7DFKyFNjczvt3vmZvGkUdoNotB8zDy2-SnZF53u-FWWuz7MhEjNU1LtfILStRfsTogbWrXLyYF1euuUZjEvojEIVNnjDIHV9Qf1V7us7drLHfOPY0zB0qVcTIQLkUPq30qFuPKE?key=qaBlQFUWFyEaSNWahGx2Mg" alt="">
 <figcaption class="wp-element-caption">SOL/USDT Daily Price Chart (Source: <a href="https://www.tradingview.com/symbols/SOLUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
On the other hand, according to TradingView <a href="https://www.tradingview.com/symbols/SOLUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">data</a>, Solana’s short-term 9-day MA stands below the long-term 21-day MA indicating an overall bearish trend. Relatedly, the token’s RSI also stands at 45.35 as market sentiments still lean towards selling pressures.&nbsp;&nbsp;
Meanwhile, Solana has received attention as it anticipates a spot ETF launch in the coming months. While the US <a href="https://thenewscrypto.com/are-solana-etfs-facing-an-uncertain-future-with-the-sec/" target="_blank" rel="noopener noreferrer nofollow">SEC</a> has shown strong resistance against a speedy approval, other countries have expressed alternate sentiments. Notably, on August 21, Brazil <a href="https://thenewscrypto.com/brazilian-regulator-greenlights-second-solana-etf-this-month/" target="_blank" rel="noopener noreferrer nofollow">approved</a> its second Solana ETF according to reports.&nbsp;
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Will Solana (SOL) Hit $150 Overcoming the Bull-Bear Combat?

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