The Solana price exhibited a bullish trend during the recent trading session, pushing it beyond the $24 mark. It surpassed a key resistance hindering its progress for over a week. Within the last 24 hours, SOL saw a rise of around 6%, with a similar price increase visible on the weekly chart. Related Reading: XRP Price: Breaking This Key Resistance Could Propel Crypto To $21 By 2025 – Analyst From a technical standpoint, Solana’s outlook appears optimistic following the recent price shift. Both demand and accumulation have expanded on the daily chart, reflecting positive sentiment. Despite bullishness, the speed of SOL’s recovery depends on its ability to swiftly overcome the immediate barrier, which had previously acted as a tough resistance level. Additionally, the bulls must ensure that the price remains above the local support, as a drop below would invalidate the bullish thesis. Furthermore, Solana’s market capitalization has improved, indicating a gradual inflow of buyers into the market now. Solana Price Analysis: One-Day Chart Trading at $24.84, SOL has successfully breached the $23 resistance level, marking a growth of nearly 6%. This upw ..
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