- summary:
- Solana Price found stability over $ 150, and its main standards indicate the continued bullish direction. How high is it?
Solana Price remained in the ups of the fourth consecutive day, as it continued to work over the mark of $ 150 for the third consecutive session. The currency was traded at $ 153 at the time of writing this report, an increase of 0.5 % on the daily chart to make weekly gains to 13 %. Sol PRICE also regained $ 154 for the first time in more than a month, confirming the strong bullish reservation.
The total Stablecoin supplies on Solana Blockchain reached record levels of $ 12.886 billion on Thursday, confirming a strong benefit to the currency. Meanwhile, the Solana trading volume has grown by 4.85 % over the past 24 hours to $ 4.2 billion, according to CoinMarketcap data. In addition, the number of the Federation Index (ADX) is 33 hours, and the average trend index is 4 hours (ADX), which adds credibility to the potential continuation of the upper side.
Solana Price is likely to need to stay on a $ 150 psychological mark to keep traction to continue the upward trend. Solana’s upscale potential is also supported by recovery in the prices of the meme. According to Messari.io data, the prices of Meme 24.7 % have recorded in the past seven days. However, on the negative side, the Defi activity in Solana Chain has decreased by 0.4 % in the past 24 hours, and this will lead to gains at the Sol in the short term.
Predicting at the price of Solana
It is preferable to momentum on Solana Price for buyers to be in control over $ 153. The primary resistance trend may meet the primary resistance at $ 155. A controlled console will become by buyers above this level and the procedure can be raised to test the next obstacle at $ 157.
On the other hand, the momentum can turn to the negative side if the price decreases to less than 153 dollars. In this case, the Solusd pair can continue to find the first support at $ 150. Under this level, the upscale momentum will be invalid. In addition, the stronger landmark can lead to a decrease in the procedure for a $ 147 test.
