Solana Surges by 5.83% Today, Breaks Key Resistance and $SOL Eyes Bigger Rally Ahead

cryptonews.net 20/03/2025 - 10:55 AM

Solana ($SOL) Price Update

Solana ($SOL) is making significant progress with a continuous upward spree. Currently, the price of $SOL has seen a huge 5.83% increase over the last 24 hours. This bullish rebound is optimistic and may lead to additional price surges, potentially boosting investor confidence in $SOL’s future performance.

Solana’s Price Value

Currently, Solana ($SOL) is trading at $133.28. This reflects an impressive rise of 5.83% over the past 24 hours. Just yesterday, its value was nearly $125.94, below the psychological price level of $130, which it has now successfully surpassed, indicating potential for further price increases.

$SOL Statistical Data:

  • Market Cap: $68,098,147,508.99
  • Volume: $3,643,143,225.86 (24-hour volume)
  • Supply:
    • Circulating supply: 510,156,252.98 SOL
    • Total supply: 596,639,757.46 SOL

Solana ($SOL) Price Analysis:

Solana ($SOL) began its latest 24-hour trading session at $125.98. It soon climbed to $132.46, then slightly dropped before reaching $135.92. Currently, the price is around $133.28. The 24-hour cumulative increase of 5.83% highlights the possibility for further price increases, especially now that it has surpassed the $130 resistance level.

$SOL Support and Resistance Levels:

The current market data shows $135.92 as the immediate resistance for $SOL. A breakout above this level could lead to further resistance levels at $178.63 and $294.33. Conversely, immediate support levels are: $121.94, with additional support at $113.18 and $110.6.

$SOL Price Prediction

The ongoing bullish trend suggests that Solana ($SOL) could soon hit significant price targets, especially after surpassing key resistance at $135.92. Based on current trends, $SOL may reach $150.07 within the next thirty days, reflecting a 10.72% increase.




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