Ethereum

Solana

Donald Trump

<ul>
 <li>At the time of writing, SOL is trading at $183.41, up 3.5% in the last 24 hours.</li>
 <li>&nbsp;If the price manages to go above $187 level, then it will likely test $203 resistance level.</li>
</ul>
On July 22, the price of <a href="https://thenewscrypto.com/solana-price-continues-bullish-momentum-eyes-200-next/" rel="noopener noreferrer nofollow">Solana</a> reached $185, its highest point in the last two months, maintaining its bullish momentum, a climb of more than 3.5% in the previous 24 hours. Investors are becoming excited about the possibility of pro-crypto candidate Donald Trump winning, as the recent gains reflects on Joe Biden’s abrupt exit from the US presidential campaign.
The current uptick in Solana’s price reflects investors’ belief that the Democratic Party, headed by US Vice President Kamala Harris, may have trouble defeating Trump in the upcoming presidential contest.
<h3 class="wp-block-heading" id="h-eyeing-200-mark">Eyeing $200 Mark</h3>
Investors are curious as to if Solana is targeting the $200 level by tomorrow, when trading for Spot Ethereum ETFs likely begins. At the time of writing, SOL is trading at $183.41, up 3.5% in the last 24 hours as per data from CMC. Moreover, the trading volume is up 33.49%.
If the price manages to go above $187 level, then it will likely climb all the way to test $203 resistance level. However, if the price breaks below $177 level, then it will likely test $171 support level.
Data reveals that other components of the ecosystem are also dominating the market, extending Solana’s (SOL) dominance this cycle beyond just its price.
In earlier bull markets, <a href="https://thenewscrypto.com/multiple-spot-ethereum-etfs-approved-by-nyse-arca-awaits-sec-nod/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a> had a stranglehold. The Decentralized Exchange (DEX) volume of Solana, according to DeFiLlama, surpassed that of Ethereum and BNB Chain put together in the last 24 hours.
Even though Ethereum and BNB Chain both have bigger weekly rises, Solana still managed to top the list. Solana had a $2.24 billion DEX volume. Ethereum stands at $1.41 billion, while BNB Chain is $703.19 million.

Solana Surges to $185 Amid Investor Optimism and Political Uncertainty

Innehållsförteckning

TheNewsCrypto

Andra artiklar publicerade 22 juli 2024

Michael Saylor Highlights Bitcoin Supremacy Over S&P 500

China’s Interest Rate Cut Boosts Cryptocurrency Market

Solana Price Prediction: SOL Jumps 4%, But Experts Say Consider This P2E DOGE Meme Coin For Parab...

MOONHOP’s $1M Presale Leap: Dodging Brett & Outsmarting Bitcoin Bets

Ether’s ‘most obvious bullish setup’ is set for H2 2024, says former Wall Street trader

When Will Bitcoin & Altcoins PUMP? 🚀 | Experts Bold Bull Run Prediction!

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!