SOL is seen approaching the $172 resistance
Wednesday’s Solana price advances to the level of $155.
Solana disclosed their developer bootcamp facilities.
It is possible that SOL may also breach the $160 mark and rise up to $172.91 within August 2021.
SOL climbs over $154 on Wednesday with Solana trading at the price of $154. Over six months, the SOL token price has ranged between $210.18 and $110
SOL has a robust resistance at $172.89, the highest price level of the alt-currency achieved in the month of August 2021 which has remained unchallenged for over two and a half months.
Profit taking is in place for Solana as Stablecoins go cross-platform.
Whale Alerts reports support the idea that there is a huge amount of stable currencies from USD Tether (USDT) to Binance. It is clear that the demand for stable coins comes mostly from average investors. To a greater extent, stable coins of exchanges off ramps and on ramps and therefore do facilitate price activity.
With an increase in stable coin addition, Nm token movement has made its way to $172.89 which marks the August top which has become the most important resistance zone Solana Aug 2024 high comes at $165 which is another resistance.
Data as per Block analytics suggests, SOL blockchain active and new addresses count is also on the upswing. Measures of blockchain active addresses and new addresses have been recorded increases during the month of October in the year 2024.
Solana Price prediction: There’s a Slight Chance Of Reaching the August Peak of 12%.
After October of this year 2023 Solana Price has witnessed increases. In the case of SOL/USDT daily time frames, SOL has slowly been reaching lower lows and lower highs for the last 6 months.
SOL could increase 11.71% to the resistance level of $172.91 reached in August. SOL can find resistance at $165, which is a mental barrier.
The histogram of the MACD has green bars crossing the neutral axis. This momentum indicator suggests that SOL price action has positive momentum.
