Solana Price Prediction: SOL Pumps 14% In A Week As This New Layer-2 Crypto Races Toward $9M In Presale – Best Crypto To Buy Now?
The Solana price is in the green by more than 14% on the weekly time frame following a minor 24-hour gain to trade at $216.86 as of 9:58 p.m. EST as traders continue to accumulate the altcoin. Accompanying the rise in the SOL price is an increase in the project’s 24-hour decentralized exchange (DEX) volume. DefiLlama data shows that the daily trading volume across Solana-based DEXs neared $3.8 billion yesterday. This was more than the combined volumes seen in the Base and Ethereum DEX ecosystems, which posted volumes of $1.2 billion and $1.7 billion, respectively Solana Price At A Critical Point 4-hour chart for SOL/USD (Source: GeckoTerminal ) The Solana price has formed a positive trend line in the last few days after printing a series of higher highs and higher lows during this period, according to GeckoTerminal data . However, the altcoin is now resting on the $216.20 support, which is also confluent with the recently-formed trend line. As such, a break bel...