solana price predictions are getting stronger!Does above $150 mean tops for SOL?
Solana (SOL), which is the fifth largest cryptocurrency according to market data, attracted attention with its rapid rise in a short time. The asset, which has experienced an extraordinary increase in the last week, rose above $ 150, an important critical support level, and immediately experienced a recovery. Solana, which dropped by 2 percent to $144 and then rose to $150 again, follows a fluctuating trend and is traded between $146 and $150. This level, which is an important milestone for the asset, brought Solana’s price predictions back to the agenda. Be sure to take a look in 2022 and you will be able to see SOL as a product that delivers graphic art.
Solana price volatility and a new upward momentum
Alan Solana, updated to the 5th place on the CoinMarketCap list, attracts attention with new developments. It represents the efforts of the Solana Foundation and the growth of the Saga initiative. The price experienced a 4 percent increase in cryptocurrency transaction volume, reaching 65.50 billion. Investor spending is moving upwards with some losses on assets.
1-week Solana price chart
Its assets, which are positioned close to the $150 level, which is considered the upper resistance point, have increased by 13 percent in the last seven days. The asset, which has grown by nearly 40 percent in the last month, is now considered one of the assets with the best growth performance compared to the updated year.
Latest developments in the Solana ecosystem
Prepared for a strong comeback by analysts, Solana is experiencing many positive developments with its market presence, the popularity of Saga mobile phones and the Wormhole Profile as a bridge that facilitates distribution with the L1 blockchain network. In addition, there was a significant growth in the transaction volume of the asset, which showed a significant increase in the increase in DeFi volume. According to data from DeFiLlama, the transaction volume on decentralized exchanges (DEX), which is an important market place, increased in the last 24 hours and reached 118 billion.
This rise is associated with the rise of meme coins, which benefit from low transaction fees in the Solana ecosystem and thus increase in popularity. In addition, assets that have surpassed Ethereum, the second largest digital asset, by volume on DEX exchanges, are moving towards gaining a stronger foothold.
Solana potential technical price prediction
The rise of cryptocurrencies, which have been moving bullish for the last few weeks, is said to be a hopeful signal for Solana. If Solana continues its recovery with this decline, it may surpass the $150 critical support again in a short time and get on the right track at 160. The cup model on the LEFT chart, with predictions for the price of the asset, indicates a growth of 65 percent, and according to these predictions, a temperature level of 250 is targeted. That means you have to have your own daughter and pay $200.
LEFT price chart
In response, months of pressure come and when the price declines, SOL appears to be recovering again. The duration of the test costs 110 and 120 dollars. In case of facing selling pressure, the support zones will be $ 135. According to the Bollinger Bands of the asset, the upper limit is around $150 and the old limit is around $90. The MACH value, which is an important indicator in price predictions, is marked as 2.62 dollars. At the same time, the indicator’s histogram bars remain in the green zone, indicating that buying pressure is increasing. This is said to be a positive bullish sign on price.
As a result, Solana is classified as a growing altcoin and is closely monitored by analysts. In addition to this altcoin, newly emerging entertainment meme coins are also an alternative option for investors. One of these, the market-registered Sponge V2, which is the continuation of the Sponge project, is one of the assets in the pre-sale phase. Sponge coin price predictions, which can be purchased at low prices before listing, are that the asset will grow rapidly after listing on popular cryptocurrency exchanges and catch up with the initial Bee achieved by the launch of Sponge V1.
Buy Sponge V2
You can also earn $0.001635 on Sponge V2, but you can also buy V1 tokens and stakes. Ethereum and Polygon can access the data, and it is possible to use the tokens that can be purchased with Matic and then have the chance to earn passive income with AYP. Finally, in the project, which is introduced as a play-to-win game, there is also the chance to win additional tokens by betting.
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