- summary:
- Solana Price increased by more than 10 percent in the past week, and momentum indicators and basics are in line with more gains.
Solana price movement in a strong rise, given the price increased to the highest level during the day, reached $ 135.58 late on Thursday. The value of the currency has increased by 10.4 % in the past seven days, causing strong emerging feelings to direct the long weekend.
Sol optimistic performance witnessed that the Solana series overcame all other chains in the Dex trading volume last week. The recorded series recorded $ 15.74 billion, overcoming ETHEREUM $ 14.93. However, Solana Price has risen on a long fuse over its candlestick near $ 135 during the past three days, indicating that unification could be set.
Solusd trading pair increased by 0.8 % and $ 132 at the time of writing this report. Moreover, the trading volume increased by 24 hours by 44 %, indicating the appetite of investors for Sol despite the high price. The continuation of this trend in the short term can help violate the $ 135 barrier.
The Solana’s Uptrend direction is also associated with a significant height in pump.fun. The Meme Coin 5.91 million launch platform recorded 41 % of all Solana DAPP activity on Wednesday. This indicates the high interest of Sol, which promises well with the bullish capabilities of the currency. The average daily movement of the daily currency (VWMA) is $ 118 to this writing. At its current level, the price is 11.2 % higher than the VWMA point. This creates a solid basis for the Sol price to maintain height.
Predicting at the price of Solana
Solana Price is likely to remain in the upward direction if the price remains above $ 131. The first resistance is likely to be $ 135. However, the strongest momentum will break this level and test $ 138.
On the negative side, Solusd is likely to find its initial support at $ 126. The lower level of this level will invalidate the upper trend. In addition, the control extended by sellers can take the price less to find the second support at $ 122.
