Rally

Solana

Phantom

Coin

<ul>
 <li><strong>At the time of writing, SOL is trading at $113.50, up 9.18% in the last 24 hours.</strong></li>
 <li><strong>If the price manages to go past $134 level, then it will likely test $153 resistance level.</strong></li>
</ul>
<p>There have been several recent discussions on twitter that have highlighted certain weaknesses in the <a href="https://thenewscrypto.com/solana-rebounds-above-105-level-after-severe-selling-pressure/" target="_blank" rel="noopener noreferrer nofollow">Solana</a> ecosystem. In the middle of all this, sharing insights and interacting with platform users is Anatoly Yakovenko, co-founder of Solana Labs.</p>
<p>In a time when the cryptocurrency sector is worried about lost funds and security breaches, Yakovenko’s addressed a few concerns regarding security on twitter.</p>
<p>The co-founder on twitter helped a worried user who lost money from Phantom wallet. Concerning the Solana security procedure, Yakovenko clarified that linking a wallet did not need the signature of any transactions and encouraged the user to tag <a href="https://thenewscrypto.com/phantom-wallet-announces-support-for-ethereum-and-polygon/" target="_blank" rel="noopener noreferrer nofollow">Phantom</a> if they needed further help.</p>
<h3 class="wp-block-heading" id="h-massive-rally">Massive Rally</h3>
<p>The recent rally has sent Solana (SOL) price soaring past $110. The price of SOL seems to break out to the upside after overcoming the important resistance levels. After finding support around the $100 level, the price of SOL began a new uptrend.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img decoding="async" width="630" height="380" src="https://thenewscrypto.com/wp-content/uploads/2024/01/SOL_7D_graph_coinmarketcap.png" alt="" class="wp-image-88476" srcset="https://thenewscrypto.com/wp-content/uploads/2024/01/SOL_7D_graph_coinmarketcap.png 630w, https://thenewscrypto.com/wp-content/uploads/2024/01/SOL_7D_graph_coinmarketcap-300x181.png 300w" sizes="(max-width: 630px) 100vw, 630px">
  <figcaption class="wp-element-caption">
   Source: <a href="http://CoinMarketCap.com" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>
  </figcaption>
 </figure>
</div>
<p>SOL has surpassed Binance Coin in market ranking as its value hits $115. Moreover, interest is on the rise, as seen by the surge in online searches and increasing sales of Solana-based NFTs.</p>
<p>At the time of writing, SOL is trading at $113.50, up 9.18% in the last 24 hours as per data from CoinMarketCap. Moreover, the trading volume is up 97.29%.&nbsp;</p>
<p>If the price manages to go past $134 level, then it will likely climb higher to test $153 resistance level. On the other hand, if the price manages to go below $111 level, then the price will likely decline further to test $109 support level.</p>

Solana Price Rallies Over $110 Level Amidst Bulls Domination

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