Solana price showed modest increase in the last 24 hours as per CMC data.
The Solana ecosystem’s Solana Breakpoint saw widespread participation from the community.
In the last 24 hours, the overall crypto market has taken a diversion from its recent bull run. Data from leading aggregators show mild price dips in both leading cryptocurrencies and the overall market. However, the sector’s daily trading volume managed to sustain its upward momentum.
Meanwhile, the second largest altcoin, Solana, recorded a modest price increase of 2.27% over the past day. In the Asian morning hours of September 23, the token traded at $147, after which it slid to an intraday low of $142.13.
However, following this, SOL attempted to recover its positive momentum and moved up to face resistance at the $146 level before surpassing it. At the time of writing, the altcoin was trading at $147 as per CMC data. Meanwhile, the token’s daily trading volume surged by 9.40%.
Solana, in the last few weeks, has not garnered market attention as investors remained focused on Bitcoin’s intriguing activity. Additionally, SOL also had entered a consolidation phase at the $134 level until the recent bull run.
On the other hand, the Solana ecosystem witnessed several advancements during this time. Solana recently held the Solana Breakpoint event, which saw widespread participation from the community.
Solana (SOL) Price Weekly Overview
On inferring Solana’s weekly price chart, the altcoin shows a 11.15% price increase over the last 7 days. At the beginning of the week, the token traded at the levels of $131 and $134. As the days progressed, Solana slid further to a weekly low of $127.25. However, the altcoin took a bullish turn on September 20 and surpassed resistance at $140 and $142.
SOL/USDT Daily Price Chart (Source: TradingView )
Additionally, the token’s short-term 9-day MA stands above the long-term 21-day MA indicating the current bull run. The recent price rally has also resulted in buying pressures among investors as highlighted by Solana’s RSI standing at 57.73 as per TradingView data.
Furthermore, the ecosystem, as aforementioned, saw several advancements in the past week. Notably, crypto-based travel platform Travala.com announced integrating Solana into the platform and rewarding users with the SOL token. Moreover, leading crypto exchange Coinbase also announced cbBTC integration with Solana.
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