Solana (SOL) Price Skyrockets Over 125%
- Solana soared over 11% in a week
- SOL trading volume climbed about 65%.
Solana (SOL) is back on track to its winning ways with significant price surges. The “Ethereum Killer” (tagged by themself) has soared over 125% since the start of 2023. Today, Solana is trading between the $22 and $23 price mark, which climbed about 2.5% in the last 24 hours and more than 11% over the previous week.
Solana’s protocol has one of the most diverse ecosystems, and now it enters a bull market trend with all other top-performing altcoins. Also, the prominent altcoin once again stars its ‘green candle’ streaks on March 10. But still, there is mixed price movement in the ecosystem’s native cryptocurrencies (SOL).
Solana Indicates Buy Signal
In the aftermath of the FTX collapse, Solana dives into the dip of the $9 price level. Also, the blockchain witnessed technical glitches on February 25 after an hour of update. However, while the Decentralized Finance (DeFi) and Non-Fungible Token (NFT) ecosystems are expanding, SOL has contributed to its current growth boom.
At the time of writing, Solana (SOL) traded at $22.72 with a 24-hour trading volume of $1,12 billion, which rose more than 65%. And SOL has a market cap of $8.6 billion, hikes around 2% in the last 24 hours. Also, Solana price increased by 10% in the last 14 days, as per CoinGecko data.
Further, the daily RSI gained momentum after breaking out from its bearish divergence trend line and indicates a “Buy Signal.” Solana is now approaching the $26 resistance level if it breaks through price may rise to the next resistance level at $37.
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