Solana (SOL) Price Climbs 7% with $210 Target Predicted by Analyst
Solana's price increased by 7% in the last 24 hours, reaching approximately $178.70. The cryptocurrency also experienced a 70% rise in its trading volume.
This surge coincided with a 4.4% rise in the overall cryptocurrency market, pushing total market cap above $3.5 trillion.
Key points include:
- Active wallet addresses on Solana have risen over the past week.
- Total value locked (TVL) in Solana increased by 4.26%, now at $9.53 billion.
- Over $16 million worth of SOL was withdrawn from exchanges this week, following $107 million in withdrawals the previous week.
- Analyst Ali Martinez predicts SOL could reach $210, testing the upper channel boundary.
- Resistance is noted near $190 and $210, while immediate support is around $165.
- RSI indicates bullish sentiment, and MACD shows signs of a bullish crossover.
