How Solana Defies the Crypto Market?

Krutika Adani

Solana Gains Despite Market Loss

Despite a market slump, Solana’s price has reached and tried to break a crucial resistance at $140.

10% Gain in 48 Hours

SOL’s price rallied from $124 to $137 in the last two days, gaining 10%. Increased activity caused the trading volume for the last 24 hours to rise to $2.2 billion.

Factors Helping Solana

The current rally in Solana stems from a pullback in its price after SOL fell from $176 to $124.

Memecoins Lend Support

Unconventional support also comes from Memecoin markets, with most SOL memecoins showing a bullish undertone.

Levels To Watch

Buyers must watch the price zone of $141 to $146, above which SOL might prepare for another bullish trend.