During the third quarter of 2024, the price of $SOL seemed to go upwards, quite powerfully, by 20.4%, and reached:

Price Fluctuation: The price of Solana was high, reaching $157.8 but was resisted at the level of $160. The price corrected to $155 after it could not break through this resistance as investors took profit from the stock in the short run. Over the next few weeks, the support level of $150 shall be important. If the support holds, it shall see the resumption of uptrend for Solana​

Staking Volume: During the quarter, the value of $SOL staked in the staking contracts crossed the 2-billion-dollar mark, which indicated very strong confidence from the major stakeholders. This increased staking is a reflection not only of optimism among investors but also increased security of the network ​

Technical Indicators: $SOL continues to see a strong uptrend, with slight corrections along the way. The RSI and other indicators are suggesting overbought conditions in the market and may retreat for some time; still, a positive continuation into the far term would remain ​

Conclusion: By virtue of its technologically superior position and performance of the network, Solana is further strengthening its position among other leading cryptocurrencies.