- Summary:
- Solana found the stability above $ 150 and its major metrics in the uprising. How high is it rising?
The Solana price remained on the reversal trajectory for the fourth -the -day -day, maintaining the action above the $ 150 mark for the third session. The coin was exchanged for $ 153 at the time of writing, up to 0.5% in the day -to -day chart to pick up its weekly acquisitions at 13%. The SOL price also reclaimed $ 154 in the first time for a month, based on strong bullish handling.
The total stablecoin supply to the Solana Blockchain reached record highs of $ 12.886 billion on Thursday, wrapping a strong utility for the coin. Meanwhile, Solana's trade volume grew 4.85% in the last 24 hours to reach $ 4.2 billion, as per CoinMarketCap data. In addition, the daily RSI is at 66 and the 4-hour average index (ADX) direction is at 33, increasing credentials to the likely continuation of the reverse.
Solana prices are likely to remain above a $ 150 psychological score to maintain traction for an ongoing upside down. Solana's reversed potential is also supported by the resurrection of meme coin prices. According to Messari.io data, meme coin prices have registered 24.7% growth in the last seven days. On the downside, however, Solana's Defi's Defi activity declined marginally by 0.4% in the last 24 hours, and that would submit SOL price acquisitions in the near term.
Solana's price prediction
Momentum at Solana prices favors consumers who are controlled above $ 153. Reverse is likely to meet the initial resistance to $ 155. An extended consumer control will destroy that upper level and can potentially raise the action to test the next obstruction to $ 157.
On the other hand the momentum can move to the downside if the price drops below $ 153. In that case, the Solusd pair may continue to find the first support at $ 150. Below that level, the reverse momentum is invalid. In addition, a stronger descending momentum can take lower action to test $ 147.
