Solana

April

Resistance

Billion

<ul class="list-ic vertical">
 <li><span>1</span> <a>Technical indicators are positive, as SOL is trading above the EMAs, and the MACD histogram is converging, suggesting a potential bullish crossover soon.</a></li>
 <li><span>2</span> <a>The volatility index for Solana is relatively low at 0.031, highlighting price stability.</a></li>
</ul>
<p>The price action shows a fierce battle between bulls and bears at the supply level, after a long bullish rally on the daily chart. SOL is trying hard to sustain at the upper levels.</p>
<p>At the time of publishing, the price surged 0.90% to $181.20. SOL is trading above the 20-day and 50-day EMA bands. Moreover, the MACD histogram has started converging and the RSI is at 53.15 approaching 14-SMA to cut from below.</p>
<p>Therefore, if the price manages to maintain support at the $170 price level, the price could advance higher from the supply level and could blast upward to achieve targets like $200, and $210. However, if the SOLANA price decreases from the $170 level, it could deteriorate below and towards lower levels.</p> 
<p><a href="https://in.tradingview.com/chart/SOLUSD/3PMrwmXq-the-price-is-showing-a-surge/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/u/Sam_TCR/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"></a></p> 
<h2 class="wp-block-heading" id="strong-solana-price-vs-volume-analysis-strong"><strong>Solana Price Vs Volume Analysis</strong></h2>
<p>The Solana Network chart presents the correlation between the volume and price. According to the Santiment chart, in February 2024, both the SOL asset volume and price were relatively low, indicating a lack of interest and activity. The volume mostly remained under $3.50 Billion, and the price hovered at around $100 in that period.</p>
<p>However, in the first week of March, volume and price continued to rise abruptly, indicating increased demand and excitement about Solana’s crypto price. The trading volume exceeded $7.5 Billion and the price rose drastically from $100 to $209 by March 18th.</p>
<p>Thereafter, the Solana price started consolidating in hopes of surpassing the supply level, which caused its volume to decline on the Santiment chart of Solana. It stopped falling in the first week of April 2025 and instead started rising on April 6th, its trading volume exceeded 7.5 Billion.</p>
<p>The Solana price vs volume chart describes an increase in volume and shows bullish tendencies for the price rise in future sessions, this suggests the continuation of the ongoing trend of Solana.</p> <iframe loading="lazy" title="Santiment Chart: Price (SOL), Volume (SOL)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=xrp&amp;pt=XRP&amp;df=2023-12-21T00%3A00%3A00.000Z&amp;dt=2024-04-06T18%3A29%3A59.220Z&amp;sat=shchcfg_eQjkTD5ektmz&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Bsolana%3BSOL%5D%3B%5B1%3Bvolume_usd%3Bsolana%3BSOL%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%3B" scrolling="no"></iframe>
<h2 class="wp-block-heading" id="strong-solana-price-vs-volatility-1w-analysis-strong"><strong>Solana Price Vs Volatility (1W) Analysis</strong></h2>
<p>Furthermore, this chart exhibits the contrast between the volatility with the <a href="https://www.thecoinrepublic.com/2024/04/04/dogelon-mars-price-prediction-will-it-flip-in-a-flash-or-fall/" target="_blank" rel="noopener noreferrer nofollow">price</a> movement in the Solana crypto. On examination, it shows that the Solana crypto has witnessed wonderful growth in earlier sessions and is trying to hold on to support levels. However, the volatility has not advanced that much in Solana and it is lower at 0.031, illustrating stability in the price.&nbsp;</p>
<p>Moreover, the Solana crypto seems comfortable at above price levels, indicating that the sellers are sitting in the rear, and the bulls may help Solana crypto rise further.</p> <iframe loading="lazy" title="Santiment Chart: Price (SOL), Price Volatility 1w (SOL)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=xrp&amp;pt=XRP&amp;df=2023-12-21T00%3A00%3A00.000Z&amp;dt=2024-04-06T18%3A29%3A59.220Z&amp;sat=shchcfg_eQjkTD5ektmz&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Bsolana%3BSOL%5D%3B%5B1%3Bprice_volatility_1w%3Bsolana%3BSOL%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%3B" scrolling="no"></iframe>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The current market analysis for Solana indicates a strong contest between buyers and sellers, especially after a prolonged bullish trend. Technical indicators are positive, as SOL is trading above the EMAs, and the MACD histogram is converging, suggesting a potential bullish crossover soon. The RSI is at 53.15, indicating room for upward movement.</p>
<p>If SOL can hold the support level at $170, it may continue to ascend and potentially reach targets of $200 and $210. Conversely, falling below the $170 support could lead to further declines.</p>
<p>The volume-price correlation chart for Solana shows a significant increase in both trading volume and price in March 2024, signaling rising interest and demand. The trading volume spiked above $7.5 Billion, and the price surged from around $100 to $209 by March 18th. After a period of consolidation, the volume began to rise again in early April, suggesting a continuation of the bullish trend.</p>
<p>The volatility index for Solana is relatively low at 0.031, indicating price stability. The current market conditions suggest that selling pressure is minimal, and there is potential for further price increases as buyer momentum continues. Overall, the market sentiment for Solana appears optimistic, with expectations of ongoing bullish trends.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels</strong>: $170</p>
<p><strong>Resistance Levels</strong>: $200</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Will Solana Keep On Thrusting Upwards After A Halt Or Fall Soon?

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