Solana Price Analysis: This is the Next Critical Resistance for SOL After a 10% Weekly Recovery

Solana has found good support at $37 and the price now appears in preparation to move higher. Key Support levels: $37 Key Resistance levels: $44 After a successful test of the key support at $37, Solana's price is ready to move higher and test the key resistance at $44.

Timeline of Solana

Recently, Solana price analysis has been facing a lot of selling pressure and has dropped to $39.16. The market is currently in a bearish trend and may continue to decline in the near future.

Solana price gained a huge bullish momentum ever since the co-founder announced the plans of rolling out an SMS platform & Android phone. The price which had broken the falling wedge had broken out of the descending consolidation and rose high a week ago. However, the recent positive announcements did give the asset a larger …

For the past five weeks, the Solana (SOL) price has lowered under the influence of a descending trendline. However, on June 20th, the coin buyers gave a bullish breakout from his dynamic resistance, indicating a recovery opportunity for traders.

Solana's (SOL) parent company, Solana Labs has announced plans to launch an Android smartphone for the network. Solana Labs further revealed that the Web3-focused device would be ready early next year.

Solana announced the launch of Saga, a flagship web3 smartphone, as well as Solana Mobile Stack (SMS), an open-source Android framework for web3 development. But what do all these tech terms mean, and will they affect Solana's price? Solana Mobile Stack (SMS) Let's talk about the SMS first, rather than the smartphone. This is actually The post Solana's new smartphone Saga announced: positioning for next cycle? appeared first on Invezz.

Solana over the last 24 hours registered a loss of 7% and fell below the $35.50 price mark. The bears have mauled the cryptocurrency market and overall altcoins have fallen on their charts.

Solana Shutdowns If I had a dollar for every time Solana has shut down this year, I'd be able to afford a 500g of cashews at the local supermarket (that's $8, for those unaware of how bizarrely expensive nuts are). In what has become a disconcertingly familiar story, Solana shut off again two weeks ago. The post One issue preventing Solana from ascending appeared first on Invezz.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Bitcoin [BTC] faced rejection at the $21.6k mark.

Solana price analysis shows that the market is under a bearish influence after yesterday's price action. The market today has opened with a slight downward move and currently, SOL/USD is trading close to the $35 region.

Magic Eden, a Solana-based non-fungible token (NFT) marketplace, has seen its valuation soar following a fresh round of funding. The post Solana Marketplace Magic Eden Secures More Funding Despite NFT Slump appeared first on BeInCrypto.