Solana Surges by 1% Today, $SOL Eyes Key Resistance for Further Gains

Solana ($SOL) has recently bounced back from the bearish slide. Currently, $SOL displays a 1.00% upsurge over the last twenty-four hours. In this respect, the well-known crypto coin is starting a rebound that could lead to notable price spikes over time. The return to a bullish momentum signifies the rising confidence among the investors.

Solana ($SOL) Price Value

At present, Solana ($SOL) is changing hands at $125.94. This price level denotes a 1.00% price spike over the recent 24 hours. Due to substantial price resistance, $SOL was trading at $124.39 yesterday. Nonetheless, it managed to rise above that point to reach the current price level, highlighting its potential for further price surges.

$SOL Statistical Data

Statistical data of $SOL is as follows:

• Market Cap: $SOL’s current market cap is nearly $64,344,004,781.51
• Volume: the latest 24-hour volume of $SOL accounts for $2,233,610,388.89
• Supply: Cumulative and circulating supply of $SOL stand at 596,488,878.26 SOL and 510,033,854.54 SOL respectively

$SOL Price Analysis:

The latest 24-hour session of Solana ($SOL) began with its price moving around $123.96. However, after a slight surge to $125.93, it started dropping. Subsequently, after a few hours, it dipped to $121.94. This was the turning point for $SOL to reach the steep growth. Hence, the price rose to the height of $126.52. Following that, with a slight decline, it now stands at $125.94.

Source: coinmarketcap.comOver the recent 24 hours, $SOL witnessed an overall 1.00% price increase. This jump underscores the rising bullish momentum surrounding Solana ($SOL) for additional price surges as soon as it exceeds the immediate resistance levels.

Support and Resistance Levels of Solana ($SOL)

­ At the moment, $130.52 operates as $SOL’s immediate resistance level. If the popular crypto coin succeeds in surpassing it, significant resistance exists at $136.48 and $78.63 respectively.

On the other hand, $121.94 is the immediate support level for $SOL. Nonetheless, in the case of a further drop, $SOL could witness crucial support at $120.9 and $113.18 respectively.

$SOL Price Prediction

The gradually growing positive momentum points toward Solana’s movement toward further price rises. For that to happen, it needs to carry out effective breakouts above the aforementioned resistance levels. In this respect, surpassing $130.52 is crucial and could significantly assist in further price progress. In line with the current sentiment, $SOL is anticipated to reach $138.62 within the next 30 days. This would denote a substantial 10.65% price upsurge.