Over the past week, Solana (Sol) cryptocurrency has risen by 13%, recovering a level of $118, and is even higher. The asset, which currently trades around $130, is testing new upper resistance levels on the road to regain new highs. Sol surpasses some of the best cryptocurrencies on the market, including Bitcoin and Ethereum.
Despite the gathering, Sol prices have fallen 3.7% since April 2024. Meanwhile, Bitcoin (BTC) is up 1.3% on daily charts and 3% on weekly charts. Ripple’s XRP tokens rose 1.7% and 4.7% over the same time frame. There is a new sense of optimism around the Solanna Token. Therefore, the analyst is predicting the next level of resistance that SOL will violate.
Solana (Sol) Rally comes amid the revival of the larger cryptocurrency market. Bitcoin (BTC) has recouped a price level of $84,000 after the recent drop to the $75,000 level. Global crypto market capitalization has also risen to $2.76 trillion. After a few months of decline, the cryptocurrency market has risen, and the Bulls have also bought for several top coins.
Solana Sol was successful in 2024, to say the least. The assets reached several all-time highs, surpassing most of the top crypto coins due to market capitalization. Sol prices surged to a peak of $293.31 on January 19th. Nevertheless, the asset price has fallen 54.2% since its January high. The launch in 2025 has overturned all of SOL’s momentum since 2024. At the time of pressing, assets fell 4% over the past 365 days. However, a low price could prove to be a great entry point for new investors who prefer to buy DIPs on popular assets.
According to analysts at Concodex, Sol may continue on a bullish trajectory over the coming weeks. The platform expects its assets to reach $150.38 on May 17th. Sol’s price will face a 11.91% rally if it reaches its $150.38 target. Cincodex doesn’t expect Sol to be priced at $150. The platform predicts that it will face a fix of less than $130 shortly after SoL reaches $150.
