The last collapse in the crypto market caused many Altcoin to lose value. However, Solana continued to rise by attracting the attention of big investors. This gives strong signals that the Altcoin season can begin.
Latest Status and Technical Data in Solana Price
Solana, in recent days, a strong acceleration has exceeded the level of $ 240. This rise revived the interest of investor. At the same time, expectations that the ETF will be announced in the first quarter of 2025 had a positive impact on the price. While fluctuations continue in the crypto market, will he be able to reach a new summit? Solana, 7 percent in the last 24 hours, the transaction volume increased to 8.49 billion dollars. However, it increased by 23.16 percent in the last 30 days.
The return since the New Year is 24.16 percent. These data show that a strong purchase interest in the market continues. Especially the addition of new projects to the left ecosystem is one of the important factors that support the rise of the price. In addition, solving the problems of blockage in the left may increase investor confidence. Such technical improvements can contribute to the long -term rise of the price.
Do technical indicators support the rise?
Solana’s simple moving average (SMA) tends to decline in daily graphics. This shows that sales pressure has increased. However, the buyers on the market have not yet given up. If the procurement pressure continues, the price can be recovered in a short time.
On the other hand, the RSI indicator remains above the neutral level. However, there is a slight negative intersection on the trend line. This indicates that the price will be wavy in the short term. In other words, a clear rise or fall signal for solana is not yet finalized.
Can Solana reach $ 300?
If the Solana price continues to remain above $ 237.50, it may break the resistance of $ 250 in the short term. If this level is exceeded, the price is likely to rise to $ 270. If a stronger market momentum occurs, even the level of $ 300 may come up.
However, if the sales pressure increases, the price can withdraw and test $ 210 support. Investors should be careful at these levels and closely monitor price movements.
