For Solana (SOL) cryptocurrency, buyers appear to have majority control of their assets as this price rose last week. Sol has increased over the past 30 days, climbing 36% over that period. That surge this week could be attributed to a healthy cryptocurrency market led by Bitcoin (BTC).
Solana Cryptocurrency is currently trading comfortably above $160, exceeding 7% on Friday alone. The Solana Network is taking up steam as network activity has increased over the past few weeks. Total locked on SOL networks has increased by 25% over the past month alone. Dex’s volume has almost doubled, and Sanctum and Raydium are watching most of the action. Many experts suggest that if this momentum continues, a more bullish signal will flash, sending Sol probably over $200.
Solana’s initial goal on the price chart before hitting $200 is ideally $186. Investors are watching closely how Sol moves this weekend, as Sol outperforms its low $150 resistance. With trading volumes rising 40% over the last 48 hours, they are actively buying and moving Sol, and the hype around their assets is increasing. Additionally, open interest in Sol Futures has recently risen to 38.7 million contracts. It is currently worth more than $5.8 billion in the future and ranks third in the market.
Plus, Solana Meme Coins are getting hot again, dripping with its momentum on Solana’s traditional cryptocurrency. All of these factors will climb to start May and paint bullish pictures for the possibility of coins for the rest of the month.
If Solana Sol can violate $180 by the end of this weekend, it’s very likely that he’ll hit $180. Alternatively, the crypto market is unstable and if there is a SOL failure, you could turn Altcoin back to $150. According to analysts at Concodex, Solana (Sol) was able to enter the lateral trajectory in the coming weeks. The platform expects the asset price to drop to $136.18 on May 24th. Sol’s price will face a 9.45% revision if it is classified as $136.18. But this is the most bearish scenario. Given the recent success of Solana and the market, it seems less realistic now.
