🔥💪Solana – The Blockchain of Speed and Power
The current price of Solana (SOL) is trading at around $180 with a notable upward movement during recent sessions.
📉Technical Analysis with Indicators
Resistance: $183–$190, a clear breakout above this area could push the price towards $200 as a near target.
Support: $170–$175, breaking this area could bring the price back to correct towards $160.
RSI (14 Days): About 65 points, indicating strong buying momentum but has not yet reached overbought levels, which opens the door for further upward movement.
MACD: The fast line is above the slow line, with the gap between them widening, confirming the upward trend.
Trading Volume: Above the daily average, indicating new liquidity entering the market.
👈Overview of Solana
A high-performance blockchain platform that enables thousands of transactions per second with low costs thanks to the Proof of History mechanism.
Founded in 2020 by Anatoly Yakovenko and his team, it has received institutional support from major investors like Andreessen Horowitz and Polychain Capital.
It relies on a robust architecture that supports decentralized finance (DeFi) applications, gaming, and smart contracts.