Solana (SOL) has room for growth as the altcoin has performed well over the past two weeks.
This is also supported by investors' expectations: the funding rate indicates that they expect the price to rise above $150.
This is a positive signal for Solana.
Solana's price is rising due to bullish signals, which are visible in the relative strength index (RSI). The RSI rose above the neutral line for the first time in a month, indicating a significant change in market sentiment.
This change is largely due to the prevailing bullish trend in the market, which led to rising prices. The rapid rise in Solana's price was a major factor in sparking renewed optimism and boosting investor confidence.
At the time of writing, the Solana price is just under $150. Over the past few days, the altcoin has shown steady growth, although at one point its value increased by 16%. Now SOL is aiming for the $156 level to become support for it.
Since this level was previously strong resistance, its transformation into support could accelerate price growth. This would help Solana break through the $169 mark and make $175 a support level.
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