In the ever-evolving world of crypto, Solana-SOL is the focus of great attention, especially with its price rebounding from the important support level at $100. SOL is currently trading at $104.25, with an increase of more than 3% in 24 hours, along with a trading volume of 4.55. Billion dollars during the same period, and this increase reflects the strong market activity associated with Solana, in addition to its reaching a market value of $44.74 billion, ranking fifth on the CoinMarketCap website, with its circulating supply reaching 429,177,917 SOL coins. As Solana Coin goes through these important changes, both analysts and investors are following this momentum that could take it to new highs.

Solana price forecast

In terms of technical analysis, Solana is moving in a critical area, as the weekly pivot point is located at $105 and represents a major indicator of future price movement; Looking at higher levels we find resistance at $110 along with higher important levels at $116 and $124.

These resistance levels constitute important barriers that could determine Solana's price path in the near term. On the other hand, support levels are strategically placed at $96, $90, and $84 and may represent the lower bound for any upcoming price corrections.

As for technical indicators, the Relative Strength Index (RSI) is at 48, which indicates the neutrality of the general market sentiment. #Solana/USDT