Solana Price
After the recent Surge in Bitcoin price, many altcoins have shown bullish momentum in the past few weeks. Crypto has been holding strong compare to the tradition market as Bitcoin climbed up and made a new 2023 High touching $35000.
Many Altcoins with Solana being one of the strongest large cap, Solana price started climbing and has engulfed the entire FTX crash level, At the time of writing price is trading at $44.
Back in December 2022 Solana made a low of $8 price and is up +450% from its lowest point and +362% YTD, also solana started climbing on 19th October with Bitcoin price is up +94% in past 3 weeks
Important Levels for Solana
Analyst say that the important resistance for Solana is $44 area if price manages to break through the resistance the next important resistance level is $67-$68 zone which is also the 0.236 fib area.
In the 2021 Bitcoin Bull Run, Solana made an all time highs of $260. From its top most point till its current lowest point $8 price has been down by -96.52% and currently at the time of writing Solana is testing the 44$ resistance and is still down by around -83% from its all time highs..
Analysts say if Bitcoin bull run starts Solana can reach upto the $163 which is the 0.61 fib golden pocket zone. Many believe in the next bull run Solana will surge like Ethereum did back in 2020.