- Solana has surged by 25% in the past week.
- With SOL’s RSI climbing and trading volume nearing $1 billion, it could soon break through the $25 resistance level.
- Analysts predict SOL will reach $30 in the short term and hit $35 or $40 by year’s end.
Solana (SOL) has emerged as a standout performer, surging by an impressive 25% over the past week. With the coin’s current price hovering around $24.21, representing a 6% gain in just 24 hours, SOL has firmly established itself as one of the top-performing assets in the crypto landscape.
What makes this surge all the more intriguing is the concurrent rise of Solana’s Relative Strength Index (RSI), which has breached the 70 level, inching closer to 80. This surge in RSI suggests that Solana’s momentum is far from waning, and further gains may be in the offing.
One key milestone to watch is whether SOL can break through its existing resistance level of $25. If it manages to do so, a sustained breakout could be on the horizon, potentially catapulting the coin to new heights.
Source: TradingView
The excitement doesn’t end there. Solana’s 24-hour trading volume is nearing a staggering $1 billion, a level not seen since July. This uptick in volume indicates renewed interest from both whales and retail investors, underlining SOL’s growing popularity.
Analysts are now speculating about SOL’s short-term and long-term prospects. Some predict that SOL could reach $30 in the coming weeks, buoyed by its robust fundamentals and recent developments. Moreover, with Visa’s announcement of including Solana in its stablecoin trials, the network could experience significant growth, potentially propelling SOL to $35 or even $40 by the end of the year.
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