Solana

Momentum

Optimism

Read

<ul>
 <li>Solana breaks the $150 resistance, marking a significant market milestone with a 2% surge in 24 hours.</li>
 <li>SOL’s market capitalization reaches $68 billion, driven by a 606% surge over the past year.</li>
 <li>Concerns arise over meme coin ventures on Solana as a dozen projects shut down within a month, resulting in a $26.7 million loss for investors.</li>
</ul>
Solana (SOL) has recently experienced a notable surge, surpassing the $150 resistance level, marking a significant milestone in its market performance. With a price of $153, SOL has demonstrated a positive trend, climbing by over 2% within the last 24 hours.
The cryptocurrency’s market capitalization now stands at $68 billion, indicating a growth of 2.60%. This upward trajectory is accompanied by a substantial increase in trading volume, which has risen to $2.83 billion over the previous day, reflecting growing investor interest and confidence in Solana’s potential.
Over the past week, SOL has seen a 4% increase and an impressive 606% surge over the past year, illustrating a strong upward trend. Despite some fluctuations between $130 and $157, SOL’s overall growth pattern remains predominant.
Analysts predict that if <a href="https://coinmarketcap.com/currencies/solana/" rel="noopener noreferrer nofollow">SOL</a> continues its current momentum and breaches the $180 resistance level, it could signal a bullish revival, potentially propelling the digital currency toward the $190 mark and laying the groundwork for a climb to $200 in the near future. However, a reversal in trend could see SOL retract to the $150 support level, with further downward pressure potentially pushing it to $130, indicating a bearish market phase.
However, amidst SOL’s positive performance, concerns have been raised regarding the ecosystem’s meme coin ventures. A dozen meme coin projects launched on Solana have shut down within a month of their inception. This has resulted in a collective loss of 180,650 SOL, equivalent to approximately $26.7 million for investors.
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/sol-meteoric-rise-charting-a-path-to-200-amidst-a-bullish-resurgence/" rel="noopener noreferrer nofollow">SOL Meteoric Rise: Charting a Path to $200 Amidst a Bullish Resurgence</a></li>
 <li><a href="https://cryptonewsland.com/solana-surges-bulls-eye-50-amidst-market-momentum/" rel="noopener noreferrer nofollow">Solana Surges: Bulls Eye $50 Amidst Market Momentum</a></li>
 <li><a href="https://cryptonewsland.com/solanas-tvl-surges-over-50-in-dex-activity-while-sol-price-skyrockets/" rel="noopener noreferrer nofollow">Solana’s TVL Surges Over 50% in DEX Activity While SOL Price Skyrockets</a></li>
 <li><a href="https://cryptonewsland.com/solana-set-to-maintain-bullish-momentum-experts-predict-229-surge/" rel="noopener noreferrer nofollow">Solana Set to Maintain Bullish Momentum: Experts Predict 229% Surge</a></li>
 <li><a href="https://cryptonewsland.com/when-will-sol-break-through-800/" rel="noopener noreferrer nofollow">When Will SOL Break Through $800?</a></li>
</ul>
The post <a href="https://cryptonewsland.com/solana-skyrockets-past-150-bullish-momentum-sparks-investor-optimism/" rel="noopener noreferrer nofollow">Solana Skyrockets Past $150: Bullish Momentum Sparks Investor Optimism</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

Solana Skyrockets Past $150: Bullish Momentum Sparks Investor Optimism

Crypto News Land

Другие статьи, опубликованные 22 апр. 2024 г.

Shiba Inu lead hints ShibaSwap 1.75 before 2.0 launch

Bitget Featured at Token2049 Dubai with Panels and Key Side Events

Progress in Mt. Gox’s Compensation Process: Creditors See Updated Repayment Details

Venezuela’s Oil Exports Turn to Cryptocurrency to Dodge Sanctions

Woo X launches tokenized US Treasury bills for retail investors

Altcoins Gain Momentum: From Fetch.ai to SEI - What's Driving Prices?

Join our free newsletter for daily crypto updates!