Solana is preparing for a bull rally

Analysts predict that the price of Solana SOL $157.14 Solana 0.20% Market capitalization $73.69 billion VOL. 24 hours $0.25 billion may reach new growth if it manages to overcome the $ 162 level. According to technical analysis, Anatoliy Yakovenko’s native blockchain cryptocurrency is showing positive dynamics, and if successful, the desired level could be the impetus for a new cryptocurrency rally.

However, analysts warn that the cryptocurrency market remains volatile, and there are certain risks associated with possible price fluctuations. Therefore, investors should remain cautious and closely monitor market trends.

It is expected that if key resistance levels are overcome, Solana could show significant growth and reach new highs, making this asset interesting for investors looking for opportunities in the cryptocurrency market.

CoinMarketCap informs that at the time of writing, SOL is trading at $ 159 with a market capitalization of $ 74.2 billion. Traders made daily trading deals worth $ 1.9 billion.