Solana Rebounds by 4.62% after Days-Long Slump: $SOL Price Analysis

Solana ($SOL) has recently experienced a significant price rebound after the recent price dip. CoinMarketCap’s data reveals that the $SOL price has witnessed a 4.64% spike over the past 24 hours. The respective price increase could serve as the onset of a massive bull run to be seen in the near term. Overall, this recovery from the sheer downturn is a positive sign for the Solana’s future price trajectory.

Price Value of Solana Today

Based on the market data, the present price of $SOL is nearly $120.75. The respective price level indicates a 4.62% jump over the recent twenty-four hours. The community’s consistent belief in Solana’s potential has led to this considerable price upturn. In addition to this, the prevailing optimistic momentum highlights the possibility of a further price rise in the coming days.

Statistical Data of Solana ($SOL)

• Market Cap: $SOL accounts for a market capitalization of $62,266,523,366.72
• Volume: The 24-hour volume of $SOL stands at $4,982,082,689.19, showing a 22.98% increase.
• Supply: $SOL’s cumulative and circulating supply comprise 597,835,974.92 SOL and 514,583,433.17 SOL respectively

$SOL Price Analysis

$SOL started the latest 24-hour candle with its price moving around $115.41. However, this was the beginning of an upward spree as the price reached $119.83 subsequently. Then, following a brief plunge to $113.6, the price again moved up to touch the height of $123.9. However, a subsequent plunge has been continuously pushing the price downward. As a result of this, the current price is $120.75.

The respective price points out a 4.62% surge over the twenty-four hours. Additionally, the upcoming days will be significant in determining the continuation of the price increase. Moreover, the market onlookers are optimistic about the further price spike.

$SOL Support and Resistance Levels

In line with the latest market data, $SOL witnesses an immediate price resistance at $123.9. After that, $135.69 and $152.77 indicate the 2nd and 3rd price resistance levels.

On the other hand, the immediate price support for $SOL appears at $113.6. Subsequently, $112.47 and $110.6 are the second and third support levels.

Solana ($SOL) Price Prediction

The present price rebound of 4.64% paves the way for a strong belief in the future price upsurge of Solana ($SOL). At present, $SOL is anticipated to reach the $140.10 mark over the next month. In this respect, Solana could see an 11.01% price rise over the next 30 days.