Solana is awaiting a strong start .. Are she witnessing a 67%increase?

The Solana currency (SOL) is one of the most prominent currencies of the first layer to achieve a possible price jump supported by the improvement of technical indicators and the return of liquidity to the alternative cryptocurrency market, and after a period of accidental cohesion, the currency began to show signs on the renewal of positive momentum, which opens the way for gains that may exceed 67% in the medium term.

Technical stability with approaching important residences

At the present time, Solana is trading near 149 to 150 dollars after a slight decline of 1.5% during the last 24 hours, and the average movement level for 200 days is seen as a strong support line that enhances the price stability at these levels, which supports the possibility of a new start if the following residences are penetrated.

Technical expectations indicate that the price may move during July between 147.60 and 157.10 dollars, the region that represents the first levels of resistance, and if Solana exceeds 154 to 157 dollars, the price model supports targeting $ 170 in August, which represents a jump of approximately 67% compared to the current price.

The state of the public market supports optimism

The improvement of the general mood in the digital currency market is reflected positively on the Solana movement, especially with the investors returning to the market gradually after Bitcoin penetrated to a $ 118,000 barrier, and the movement of indicators such as the RSI index (RSI) shows a balance in the momentum without purchasing or selling saturation, while the rapprochement and spacing index (MACD) has not yet given a confirmed signal, which reflects a neutral position that tends to Positive.

Does Solana lead the next alternative currency course?

In light of the focus of many investors on alternative currencies, and with Bitcoin exceeding strong resistance levels, Solana may benefit from this shift in attention, especially as she has a strong infrastructure, low transaction fees, and a high implementation speed that makes her a major competitor to networks such as Etheerium.

Historically, Solana was one of the first currencies to witness severe heights after the stability of the market due to its wide popularity among individual investors and institutions, and if the flow of liquidity continued to the market gradually, Sol is strongly candidate to be one of the first currencies to benefit from that wave.