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The Solana price prediction may lack short-term, but if the price rises, the coin is likely to create more gains above the channel.
Solana Prediction Statistics Data:
- Solana price now – $145.69
- Solana market cap – $64.1 billion
- Solana circulating supply – 443.2 million
- Solana Coinmarketcap ranking – #5
SOL/USD Market
Key Levels:
Resistance levels: $175.0, $180.0, $190.0
Support levels: $120.0, $110.0, $90.0
SOL/USD is currently trading around the $145.69 level, hovering above the 9-day and 21-day moving averages. In the range of the ascending channel, the closest resistance could be located at $150.0 while a close support could be found at $143.0. Meanwhile, if the market increases, additional resistance can be found above the upper boundary of the channel.
Solana Price Prediction: Solana Ready to Push the Upside
According to the daily chart, the Solana price may create more bullish trends once the coin crosses above the channel, and this is noticeable for the 9-day MA hovering above the 21-day moving average.
At the moment, the market is trading at $145.69 above the moving averages, but any bearish movement below the daily low of $143.88 could lead the coin to a serious downtrend. However, the support levels could be located at $120.0, $110.0, and $90.0, while the resistance levels lie at $175.0, $180.0, and $190.0 respectively.
SOL/BTC May Consolidate Above the Moving Averages
Against Bitcoin, the Solana price may continue to move sideways above the 9-day and 21-day moving averages as the nearest support level is located around 2100 SAT. However, if the coin spikes to the upside, the nearest resistance is set at 2300 SAT. Technically, the price may follow the bullish movement as the 9-day MA moves to cross above the 21-day MA.
However, if the Solana price slides and heads toward the lower boundary of the channel, it could hit the support level of 1750 SAT and below. Nevertheless, any further bullish movement above the upper boundary of the channel may allow the market to form a new upward trend, and this could reach the potential resistance at 2500 SAT and above.
In the latest update, @SolanaFloor shared with their impressive following of 39.5k on X (formerly Twitter) that @solana has achieved an unprecedented milestone. Solana’s weekly DEXs volume has surged to an extraordinary $13 billion, marking an all-time high for weekly transactions.
🚨 BREAKING BIG: @solana's weekly DEXs volume surpasses $13 billion, an all-time weekly high. pic.twitter.com/6HAyteceDf
— SolanaFloor | Powered by Step Finance (@SolanaFloor) March 9, 2024
Solana Alternatives
Currently, Solana is hovering around the $145.69 mark, showing signs of a potential breakout from its current trading range. While immediate resistance is anticipated at $155, with a secondary hurdle at $150, heightened market activity might introduce further resistance beyond the upper channel boundary. With a formidable market cap of $64.1 billion, ranking 5th in the crypto world, Solana (SOL) has cemented its position in the market. Meanwhile, $BTCMTX, still in its presale stage, has already amassed a remarkable $11.98 million, hinting at considerable growth potential ahead.
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