It has become apparent that the crypto market is volatile. Some assets have seen gains, while the majority are in red. Solana [SOL] Today, the altcoin reached $159 and a 5% increase. A minor correction brought the altcoin to $151 after a slight rise. SOL has seen a decrease of 12% over the past seven days. The market was also in agreement with this. Altcoins have seen an annual increase of 880%.
Looks like Solana’s streak of success will come to an end this weekend. Changelly data suggests that SOL’s trend will be down over the weekend. next Few days. It will trade for a minimum of $152.99 and drop nearly 4%.
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Ali Martinez’s latest predictions have restored the confidence of investors in the crypto market. Solana’s value could increase by 53 percent, according to his prediction. Analysts emphasized two crucial price levels. $143 is a level of support, while $178 represents a high resistance. Martinez said that the breakout direction will be determined by these levels.
Also Read: Solana (SOL) Dips 12%, When Will It Reclaim $170 Again?
How can Solana achieve an upward breakout?
The crypto market is influenced by several factors, such as the regulatory environment. Solana has benefited from the increased activity within its meme coin industry. Most SOL meme coins, however, were experiencing a decline at the time this article was written. Over the past 24-hours, these assets have seen a combined market value drop of 4.6%.
![](https://fxruhanahmed.com/2/wp-content/uploads/2024/06/1718417385_167_Can-Solana-SOL-Fight-Off-The-Bears-This-Weekend.png)
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A higher level of interaction and activity in the network will increase the value of the asset. SOL’s price will drop if the network activity drops. This altcoin can also gain if Solana Network introduces new technological innovations.
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Source: watcher.guru