- With the ongoing bullish momentum the price is up 22.98% in the last 7 days.
- SOL’s current price is around 150% higher than its low point in November 2022.
Following Bitcoin’s recent climb, numerous altcoins witnessed a rapid gain, resulting in huge fluctuations in the crypto market. Solana (SOL) continued to show their resilience with higher moves despite the altcoin market entering a consolidation state lately.
While this was taking place, Solana’s price continued to rise, and now sits at over $39 after a gain of over 7.61% in the last 24 hours. According to data compiled by blockchain analytics company Nansen, wallets connected to the defunct cryptocurrency exchange FTX have moved almost $156 million worth of cryptocurrencies such as Ethereum (ETH) and Solana (SOL) in a series of transactions over the last week.
Significant Rally
SOL’s current price is around 150% higher than its low point in November 2022. According to statistics, interest in Solana has skyrocketed over the last five months, with more people talking about it than ever before across various social media sites.
Moreover, according to Santiment, Solana’s market valuation increased by 63.25% in October, taking it to the seventh spot. At the time of writing, SOL is trading at $39.47, up 7.61% in the last 24 hours as per data from CoinMarketCap. With the ongoing bullish momentum the price is up 22.98% in the last 7 days.
Moreover, the trading volume is up 26.82%. The bulls have been in total control and are eyeing $43.10 resistance level. If the price manages to go past this level, then it will test the $46.20 mark. On the other hand, if the trend reverses and the price goes below $31.7 support level then it will likely move towards $30.15 support level.
