Solana Price at $135.80 after 2.7% Gains – How to Buy SOL
Solana is among the best performing coins in the crypto market currently. Solana had tried to maintain its bullish gains since August when the crypto market rebounded. Despite failing to achieve its all-time high of above $200, SOL is still trending, given that its current value is an over five-fold gain.
Solana has gained 2.7% in the past 24 hours, and it is trading at $135.80 at the time of writing.
Solana Price Analysis
Solana has been facing increased volatility over the past week. This volatility has led to major price dips that have led to the token testing of the lower support levels of $130. However, the recent gains have prevented the coin from going below these levels.
If Solana continues with the current uptrend, it could test the higher resistance of $140. If buyer support rallies, SOL could push towards the next target price of $150. Over the past week, SOL has tested this level but failed to push higher. Hence, if managed to break past and hold this level, major gains could be on the way.
On the other hand, the broader market is still wobbly, as volatility is still high. If SOL dips, it will retest the lower support level of $130. If the coin drops further, the levels of $120 could also be tested, which could trigger dip-buying.
The Solana network continues to enjoy overwhelming adoption from users. One of the most innovative things that the network is currently working on is a social network for the Solana network. The social media platform is yet to be launched, but it will come with cheap and fast features that make it convenient for users.
Solana has already raised $2.9 million to affect the launch of this network that will be used for research, developments, and strategic partnerships.
Where to Buy Solana
If you want to buy Solana during the current bulls, you can create an account on the following exchange platforms:
eToro is one of the leading cryptocurrency exchanges. The exchange comes with a copy trading feature that allows a new trader to copy the trading strategies used by expert traders. eToro also charges competitive trading fees and commissions.
You can also buy SOL from Binance. Binance is the largest cryptocurrency exchange platform that supports a wide array of cryptocurrencies and trading pairs. Binance also charges some of the lowest trading fees.
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