Solana's current market situation is dynamic, with its price fluctuating around $125. Here's a breakdown of the latest updates:
- *Current Price*: Solana is trading at $125.07-$128.78, with a slight decline of 0.71% in the last 24 hours.
- *Market Capitalization*: $66.36 billion, ranking 6th in cryptocurrency assets.
- *Trading Volume*: $3,669,139,220.54 in the last 24 hours, a 6.70% decrease from one day ago.
- *Recent Performance*: Solana has gained 18%-21.40% in the last 7 days, outperforming the global cryptocurrency market.
Some key levels to watch for Solana's price movement are:
- *Support Level*: $120
- *Resistance Level*: $130-$135
A breakout above $130-$135 could signal bullish momentum, while a drop below $120 may indicate further downside. Recent developments include ¹ ² ³:
- *Solana ETF Trading*: Solana ETFs are now trading on the Toronto Stock Exchange.
- *Solana Staking ETFs*: 3iQ launched Solana staking and collateralized ETFs with $50 million.
- *Partnerships*: Janover increased its SOL holdings to $21 million and partnered with Kraken for staking.
These developments reflect Solana's growing adoption and market presence.