Solana

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<a href="https://u.today/xrp-delivers-massive-bounce-signal-heres-why-solana-sol-at-130-is-safe-shiba-inu-shib-secures" rel="noopener noreferrer nofollow">Solana</a> has been making strong moves on the market recently as the recovery keeps on sticking. With current tendencies, we might finally see a recovery and the retracing we have all been waiting for.
According to the most recent chart, Solana is currently trading at approximately $141.03. With the price's successful move above the 200 EMA, a key support level at $131.55 has been provided. The 50 EMA and 100 EMA are situated above the present price and may serve as resistance levels at around $146 and $142, respectively. <img alt="SOLUSDT" data-entity-type="file" data-entity-uuid="03c5ec7a-f1f5-44d9-a168-c947552e6e60" src="https://u.today/sites/default/files/inline-images/image_976.png"><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow">Solana/USDT Chart by TradingView</a>
Growing interest and participation in <a href="https://u.today/solana-sol-price-prediction-for-july-7" rel="noopener noreferrer nofollow">SOL</a> is evident from the noticeable increase in trading volume. The increase in volume indicates that buyers are becoming more active, which is encouraging. SOL has plenty of room to rise since the RSI is currently at 49.02, which shows that it is neither overbought nor oversold.
At the 50 EMA, $146, and the 100 EMA, $142, immediate resistance is around the corner. The $150 threshold is the next important target for <a href="https://u.today/3-new-bitcoin-btc-support-levels-to-watch-toncoin-ton-saw-biggest-price-drop-ever-solana-sol-on" rel="noopener noreferrer nofollow">SOL</a>, if it can overcome these levels. The 200 EMA at $131 and $126, which has historically served as a support level, are support levels on the downside.
With institutional interest and wider adoption offering a strong foundation for recovery the general market sentiment for cryptocurrencies has been progressively improving. Solana, known for its quick transactions and strong ecosystem, will gain a lot from this shift on the market.
Since new technologies like BLinks are being released and will simplify the network's integration and implementation, Solana's fundamental value is increasing despite the stale market.

Solana (SOL) $150 Imminent? Price Makes Move

U_Today

Altri articoli pubblicati su 9 lug 2024

This Solana (SOL) Rival Priced At Just $0.02 Is Ready To Reach $10 In 2024, Providing Massive Pro...

Leading Crypto Analysts Favor BlockDAG in 2024 Despite Kaspa’s Potential & Uniswap’s Market Moves

Decentralized Identity Management: Enhancing Security and Privacy Today

Mafia Tate (MAFTATE) to Skyrocket 14,000% as KuCoin Listing Announced, While Shiba Inu and Dogeco...

MoonBag’s Liquidity Plan Makes Waves in the Crypto Market as Investors Lose Sei, Arweave for Expo...

JPMorgan Has Dire Warning for Bitcoin Bulls

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!