Will Solana (SOL) Hit $150 Overcoming the Bull-Bear Combat?
- Solana’s daily trading volume showed a 25.26% increase according to CMC data.
- The altcoin is expecting to see a spot ETF launch as market speculations are on the rise.
In the past 24 hours, the cryptocurrency market has shown bullish turns with market cap increasing 2.79% and daily trading volume surging 16.36%. Leading cryptocurrencies such as Bitcoin also showed price increases over the past day. However, the market over the past few weeks has remained uncertain with high volatility rates.
Notably, the second-largest altcoin, Solana, has shown a price increase in the last 24 hours with a 2.10% increase in market cap. At Asian evening hours, SOL traded at a low of $141.01. However, the token slid to an intra-day low of $139.27 before prices began climbing to current levels. At the time of writing, Solana was trading at $143.88 according to CMC data .
Zooming out, over the past week Solana’s price charts show strong bull-bear combats as the altcoin showed high volatility. According to TradingView reports, Solana’s RVI stands at 53.43. This resulted in Solana’s weekly prices dangling between $141 to $149 levels.
Additionally, the token’s weekly price performance shows a 1.07% increase due to the bull-bear combat. In the last week, Solana was trading at a price of $143, after which it proceeded to fall to a support level of $136. However, with the bulls attempting to win the combat, prices climbed above $140.
Will Solana Bulls Make a Comeback?
The altcoin has received mixed signals from market analysts’ predictions. Some of the market experts believe that Solana might experience a bullish turn. Meanwhile, others have predicted an incoming price drop for the altcoin. If the token manages to surpass current resistance at $145 and $149 then it can experience a bull run surpassing $150.

On the other hand, according to TradingView data , Solana’s short-term 9-day MA stands below the long-term 21-day MA indicating an overall bearish trend. Relatedly, the token’s RSI also stands at 45.35 as market sentiments still lean towards selling pressures.
Meanwhile, Solana has received attention as it anticipates a spot ETF launch in the coming months. While the US SEC has shown strong resistance against a speedy approval, other countries have expressed alternate sentiments. Notably, on August 21, Brazil approved its second Solana ETF according to reports.
Highlighted Crypto News Today:
Will Ethereum Overcome Market Struggles and Break $3000?
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Crypto’s Coolest Climber? Troller Cat Stirs Whitelist Buzz as Non-Playable Coin and Osaka Protocol Stretch
Troller Cat charms presale hunters as Osaka Protocol and Non-Playable Coin rally. Discover which meme coin could pounce to the top next.Troller Cat: Meme Mischief Meets Deflationary MasterplanOsaka Protocol: A Cultural Play with Serious MomentumNon-Playable Coin: Turning Side Characters into StarsConclusion: The Meme Coin Race Is Heating Up

Bitcoin Surges Past $87.6K Despite Market Tariff Turmoil
Bitcoin hits $87.6K, its highest since April, defying declines in traditional assets post-Trump tariffs.Bitcoin Rallies to $87.6K Amid Economic UncertaintyTrump’s Tariffs Spark Flight to CryptoWhat This Means for Bitcoin Investors

Raydium LaunchLab Generates 3,760 Tokens in Days
Raydium’s LaunchLab sees 3,760 tokens created since April 16, but only 1.12% move beyond the launch phase.Raydium’s LaunchLab Sparks Token Boom — But Few ThriveA Glimpse Into Web3’s Open InnovationWhat It Means for the Solana and DeFi Community

Blockchain interoperability protocol Analog completes $15 million token sale
Trending news
MoreCrypto prices
More








