- Solana’s price has risen to $144.5, its highest level in two months.
- SOL price might rise to $152 if the bulls can reclaim control.
This week, we’ve seen a mixed signal from the crypto market with both a bearish and bullish push. As of this writing, Solana is one of the few cryptocurrencies remaining under the power of bulls (SOL). From November 2021 to March 2022, the recovery phase of Solana was halted by a prior barrier.
Solana was one of a handful of altcoins that managed to buck the trend of the master currency, Bitcoin. Last week, Solana was up 29% from the $105 level. However, the bulls lost some of their grips throughout the weekend as the currency struggled to maintain above $135.
Bears Trying to Dominate
Due to the declining triangle pattern, Solana had a difficult time in the first three months of 2022. After a collapse from the bottom support line, this bearish triangle pattern provides a chance for selling pressure. When the SOL Price broke out of a descending triangle pattern on March 18, SOL surged beyond the $120 level by 55% in only two weeks. Solana’s price has risen to $144.5, its highest level in two months, due to this accomplishment.
Solana is now trading at $128.93, down 5.52 percent in the previous 24 hours. Solana’s price might rise to $152 if the bulls can reclaim control, but if they fail, the price could fall to $120 or possibly $105 again. On April 5, The Solana Foundation in Miami will hold the Miami Hacker House event, which will last six days. Solana Labs experts will be on hand to give advice and mentoring to those who are serious about their work.
