Solana is one of the digital currencies that attracted the attention of many investors because of its speed in processing transactions and low fees.
The markets are closely following the performance of Solana because of its investment opportunities, and investors are looking for indicators that help them expect the price movement and take appropriate decisions.
The current price and market movement
According to the data of the tradingview platform, the Solana price today is trading at the level of about 179.73 USD with a slight change compared to yesterday’s price, and the price moves within a narrow range indicating a balance between the forces of supply and demand in the market.
Factors affecting the price of Solana today
Several factors affect the movements of the Solana price, among them the ongoing technical developments that seek to enhance the speed of the network and improve its experience, in addition to the increasing institutional demand that reflects the confidence of some of the major investors in the currency.
Organizational news about digital currencies also plays a major role in directing the market trends, as positive news can pay the price to climb or vice versa.
The direct expectations of the market
If the price of Solana maintains this stability, it is possible to test new resistance levels amounting to about $ 185 in the coming days, but in the event of a sale pressure, it may witness a decline to support levels close to $ 175, and expectations depend on the factors of the global market and the news of digital currencies that continue to influence the price.
