Solana may break through resistance at $ 30

Solana managed to overcome the resistance of $ 20. Cryptocurrency experts predict that in the near future, SOL will continue its rally to $ 26 per token, and then to $ 30. At the time of writing, the cryptocurrency of the same name created by Anatoliy Yakovenko is trading at $ 24.53 with a market capitalization of $ 9.1 billion.

In the past three weeks alone, the value of SOL has increased by more than 150%. The positive dynamics is driven by the global improvement in the cryptocurrency market: the flagship cryptocurrency broke through the $ 22,000 support level, and other assets from the top 100 also grew. Also last month, Ethereum CEO Vitalik Buterin spoke positively about Solana. The credit of trust from the father of ethereum partially influenced the fact that SOL was able to overcome difficulties after the FTX crash.

The positive growth dynamics of SOL’s rate is due to the global improvement in the cryptocurrency market — the flagship cryptocurrency has broken through the $ 21,000 support level, and other assets from the top 100 rating have also grown. Last month, Ethereum CEO Vitalik Buterin spoke positively about Solana. The credit of trust from the father of ethereum partially influenced the fact that SOL was able to overcome difficulties after the FTX crash.

To continue the bullish trend, Solana needs to secure support at $ 24. Analysts note that the SOL rate tends to grow even when the crypto market is going through difficult times. According to a leading analyst at TradingView, known as Richbust9, for the price of Solana to start moving to its historical maximum(the last historical maximum of SOL was recorded in November 2021 — the asset cost $ 260 — ed.), the cryptocurrency must successfully overcome resistance — first at $ 40, then at $ 80, and finally at $ 100. The expert also recommends buying SOL before the virtual coin’s rate exceeds $ 26.

Earlier this week, Solana’s capitalization exceeded that of Polygon. There are also rumors that Google could buy Solana tokens for $ 28 million, with the company paying $ 10 per token. If crypto analysts manage to confirm this assumption, it will turn out that the tech giant bought the cryptocurrency for half the price of the current SOL market value.