Recent Solana price analysis indicates that the bulls have taken the driver’s seat as prices of the crypto have surpassed the $45 mark. As of this writing, SOL is trading at $46.25, up 40% in the last seven days, data from Coingecko show, Tuesday. The market is anticipated to continue its ascent as long as $41 serves as support. Nevertheless, the bears may claw their way back if prices fail to surpass the $42 resistance barrier. Suggested Reading | Polygon Price Explodes By 60% – Is MATIC Nearing $1 Target? Solana Outperforms Major Cryptos Solana’s price behavior over the past seven days has outpaced Bitcoin, BNB, XRP, and Cardano despite not displaying as much upside as Ethereum during the same time period. If SOL keeps going up, its market capitalization might exceed Cardano’s $16.4 billion and overtake it as the eighth-largest digital asset by market cap. Tuesday saw the global cryptocurrency market capitalization surpass $1 trillion for the first time in as many months. Nonetheless, the total trading volume of cryptocurrencies decreased by more than 1 percent to $63 billion. The price of Solana experienced a robust bounce as investors continued to purchase dips. The token’s breakthrough of the $46 threshold represented its highest price since May of this year. SOL Gets 70% More Light SOL has increased by more than 70 percent from its year-to-date low as the volume of its DeFi platforms has grow...
