Solana Price Prediction: SOL Surges 5% As Traders Turn To This New Solana Layer-2 Token With 342% Staking APY
The Solana price pumped over 5% in the last 24 hours to trade at $187.78 as of 6:15 a.m. EST as investors start to accumulate the crypto. This gain posted by the SOL price was, however, not enough to push the crypto’s weekly performance out of the red zone. As such, the altcoin remains more than 12% down on the longer-term time frame. Solana Price At A Critical Juncture 4-hour chart for SOL/USD (Source: GeckoTerminal) The Solana price was able to break the $182.24 resistance level in the last 24 hours, and is now attempting to breach the next major mark at $189.49. This is a significant level, because it is also confluent with a short-term negative trend line that has emerged on SOL’s 4-hour chart. Should the Solana price rise beyond $189.49 in the coming few hours, it could finally reverse its negative trend. In this bullish case, the crypto could end up rising to as high as $196.73. Conversely, a rejection from the $189.49 resistance might stop the altcoin’s ...