wither (SOL) is possible to rise further if it exceeds a critical level.
Notably, the cryptocurrency analyst alias Crypto Tony observed that Solana needs to turn the supply zone level at $30.60 for it to continue and for the bulls to “start their run again,” as he explained in a chart pattern analysis he tweeted on July 18.
Moreover, crypto- According to his analyst, “we are currently only consolidating between the supply zone and the trendline support” as the price of SOL is currently at $26.33. Which means it needs to gain around 16% to meet the above estimates.
Solana Price Analysis
Meanwhile, SOL’s current price shows a 2.92% gain in the last 24 hours, a 19.69% advance over the previous seven days and a more significant 69.96% on its monthly chart, according to the latest data. represents an increase.
All things considered, AltcoinsThe chances of reaching the above target are quite high. it seems.
On top of that, the SOL blockchain has recorded an uptime of 99.72% in the last nine months. This is particularly important as previous disruptions have cast doubt on Solana as a high-performance network designed to complete fast transactions.