Ethereum

Solana

Resistance

Daily

<ul>
 <li>Solana (SOL) price has shown a decline in value over the past month.&nbsp;</li>
 <li>The token’s trading volume has also exhibited a decline of 13% in the past 24 hours.</li>
</ul>
The Solana Ecosystem has witnessed staggering interest from the crypto community, evident from its surge in activity. This was instigated by an influx of celebrity-led memecoins. But the altcoin, SOL, failed to pick up the momentum from the frenzy.&nbsp;&nbsp;
The token, in the past 24 hours, has shown a brief uptick of 0.20%. During the intra-day trading, SOL marked its 24-hour-low of $131.99, according to CMC <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="noopener noreferrer nofollow">data</a>. At the time of writing, it traded at $137.53.&nbsp;
Meanwhile, the L2 altcoin’s daily trading volume exhibited a decrease of 13%. Since the past weeks, the SOL price has struggled to break the resistance level at $140K.&nbsp;
<h3 class="wp-block-heading" id="h-where-is-solana-price-headed-nbsp">Where is Solana Price Headed?&nbsp;</h3>
Solana, in the past week, has shown a price decline of 6.84% sliding from a weekly high of $161.51 to the aforementioned weekly low. Over the month, the price has plummeted by 18.15%. However, in the same month, SOL inched closer to $200 raising expectations for surpassing the mark.&nbsp;
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeb-iXlZfu2dexsazyxFf0BQpwS5o-tU4_t0WiMm3lkSc2SVzghafRyb8SPgScYIwEN45T8RF7akxWtYP7kT6bvuN-bfhXTboGFm75t6IgxKVvnvy1R9D7TdMrSVyj8aVFbt9CWP07ulmflQlXjMcHtNNsm?key=4pZkkq2T88PFzOyifXIjvg" alt="">
 <figcaption class="wp-element-caption">SOL/USDT Daily Price Chart (Source: <a href="https://in.tradingview.com/symbols/SOLUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
According to TradingView <a href="https://in.tradingview.com/symbols/SOLUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">data</a>, the daily RSI of Solana stands at 36.81, indicating that the altcoin is leaning toward a slight sell zone. Additionally, the short-term 9-day MA also stands above the current trading price highlighting the bearish trend. SOL has failed to surpass the $140 level depicting the struggles to break resistance levels.&nbsp;
However, analysts have predicted that Solana will price rise in the current surge in <a href="https://thenewscrypto.com/trump-themed-djt-memecoin-claimed-to-be-created-by-martin-shkreli/" target="_blank" rel="noopener noreferrer nofollow">memecoin activity</a>. TheNewsCrypto analysts have <a href="https://thenewscrypto.com/solana-sol-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">predicted</a> a bullish price of $342 for SOL by the end of 2024.&nbsp;
Highlighted Crypto News Today:&nbsp;
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Will Solana (SOL) Break Resistance at $140 or Dip Further?

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TheNewsCrypto

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