$SOL Solana (SOL) is currently trading at approximately $146.93, reflecting a modest increase of 0.91% over the past 24 hours. The 24-hour trading volume stands at $1.85 billion, and the market capitalization is around $76.15 billion, positioning Solana as the sixth-largest cryptocurrency by market cap.
Kraken
Coinbase
+3
Crypto.com
+3
Binance
+3
đ Recent Market Performance
Solana has experienced a significant rally, climbing over 60% from its April lows. However, it recently faced resistance near the $150 mark, leading to a slight pullback. Despite this, the overall trend remains bullish, with analysts suggesting that a breakout above this resistance could propel SOL towards $180.
Yahoo Finance
FXEmpire
Notably, Solana's staking volume has surpassed that of Ethereum, indicating growing investor confidence and network participation.
FXStreet
đ Future Outlook
Analysts have set various price targets for Solana:
$180: Short-term target contingent on breaking current resistance levels.
$250: Potential mid-term target if bullish momentum continues.
$400â$600: Long-term targets based on continued network growth and adoption.
$1,000: An ambitious target discussed among some traders, though it lacks substantial market analysis support at this time.
Blockchain
