Solana (SOL) has seen a significant recovery after 2 years, with a over 10% increase in market capitalization to $75 billion. In addition, SOL has seen over 27% increase in trading volume to $7 billion.
The crypto is now 33% away from its all-time high (ATH) of $260.06 two years ago. Following this, crypto experts suggest that Solana is on the cusp of crossing the $180 price threshold, making it the most trending coin in the last 24 hours.
In a month, Solana has seen a 50% surge, cementing its position as one of the most promising investments in the crypto market.
However, caution looms as SOL navigates around the $185 and $196 resistance levels, with potential downside risks around $147.4 if bearish trends dominate.
Last month, the Solana network suffered its 11th outage in the last two years. According to reports, block advancement has stopped, and Solana’s (SOL) mainnet beta has not been operational for roughly two hours.
Emma Davis is a highly skilled and experienced crypto writer with a passion for all things blockchain and cryptocurrency. With years of experience writing about the latest trends, news, and innovations in the crypto world, Emma has established herself as one of the best crypto journalists.
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