Solana Price Analysis: $SOL Shows Stability Today, Eyeing on Key Resistance Levels

Solana ($SOL) is experiencing a relatively stable price movement with less volatility. In this respect, its current price shows a slight 0.77% increase over the past 24 hours. This stability reportedly comes after a significant surge yesterday, when the price jumped from around $121.3 to $135.14. In line with the last candlesticks, $SOL is seemingly establishing an upward trajectory.

$SOL Price Value

At present, Solana ($SOL) is trading at $135.66. This shows a nearly 0.77% price change over the past twenty-four hours.

Statistical Data of Solana ($SOL)

SOL’s statistical data is the following:

• Market Cap: the current market cap of $SOL is $69,103,665,603.44
• Volume: $1,782,514,872.57 is SOL’s 24-hour volume
• Supply: The circulating and cumulative supply of $SOL account for 509,928,977.02 SOL and 596,339,817.65 SOL respectively

Solana Price Analysis

The day started with $SOL trading at $135.01, and it is still changing hands at around the same price level with minor fluctuations. At the moment, the price of Solana ($SOL) is $135.66. However, on March 14th, a significant price spike from $121 to $135 contributed a lot to maintaining the ongoing price stability. Moreover, recently, the SOL surged to $136.48 but instantly dropped and is currently endeavoring to rise above the respective price level.

During the previous 24 hours, a slight price change has occurred, indicating an increase of 0.77% in SOL’s price. In this respect, the crypto coin is moving in a narrow and stabilized price range.

Solana’s Support and Resistance Levels:

Currently, the immediate resistance level for $SOL stands at $136.48. Additionally, $139.72 and $178.63 serve as the next resistance level.

Simultaneously, $132.55 is SOL’s immediate support level. Apart from that, $113.18 and $110.06 are the subsequent support levels.

$SOL Price Prediction

In line with the recent price surge and the current attempts for price upturn, $SOL can potentially rise above the $136.48 mark in the near future. Along with that, if the ongoing gradual price spike sustains, Solana can potentially reach $149.65 within 1 month from now.

This price increase reportedly accounts for a massive 10.46%. However, to ensure that surge, Solana first needs to surpass the 2 resistance levels of $136.48 and $139.72. Surging past these levels could pave the way for Solana’s movement toward new price highs.