Solana Ready For Takeoff, Gains 5.8% In The Last 24 Hours

July began chaotically with a Bitcoin sell-off that caused a market-wide correction. Fortunately, this slump was short-lived, and many altcoins

Solana (SOL) price finally recovered after a long period of bear market in July. While many altcoins are struggling to survive, Solana has consistently performed well and is approaching its price targets.

Solana has seen an increase of 5.8% in the last 24 hours. Meanwhile, the price of Solana has increased by 34% in the weekly period. Another noteworthy point is that Solana's trading volume in the last 24 hours was 12 billion dollars.

Solana is currently trading at $178 and has significant support at $172. On the other hand, the first resistance level is at $182, and if it is crossed, Solana can quickly reach $190.

The price of Solana approached $260 in March, but the bears were able to stop the upward trend. However, analysts predict Solana could reach $500 by the end of 2024.

Solana experienced an incredible rally last year and became the second leading Layer 1 blockchain after Ethereum. The blockchain is constantly striving to deliver on its promise of providing fast, low-cost, and scalable transactions.

Solana is currently only behind Ethereum in terms of performance, but the rival blockchain is trying to attract more users to its platform. While Ethereum struggles with scalability issues, Solana can take this opportunity to become the leading blockchain.

While many altcoins have underperformed in 2024, Solana has managed to capture the attention of investors. The blockchain is trying to reach its price goals while attracting more users to its platform.

Solana strives to deliver on its promise of providing fast, low-cost and scalable transactions. The blockchain is currently second only to Ethereum in terms of performance, but the rival blockchain is trying to attract more users to its platform.

While Ethereum struggles with scalability issues, Solana can take this opportunity to become the leading blockchain. Solana's price has increased by 5.8% in the last 24 hours, while its trading volume in the last 24 hours has reached $12 billion.

Solana is up 34% on a weekly basis and is struggling to reach its price targets. This blockchain strives to deliver on its promise of providing fast, low-cost, and scalable transactions.

Solana is currently only behind Ethereum in terms of performance, but the rival blockchain is trying to attract more users to its platform. While Ethereum struggles with scalability issues, Solana can take this opportunity to become the leading blockchain.

The above is the detailed content of Solana Ready For Takeoff, Gains 5.8% In The Last 24 Hours. For more information, please follow other related articles on the PHP Chinese website!