Solana is yet another attractive cryptocurrency with several aspects of the system seeming to be quite enticing, and the chain is one of the brightest examples of innovation. Solana’s fees are exceptionally low, just $0.00001, while the transaction time is incredibly short, 2.5 seconds maximum, or up to 65,000 TPS-
The Solana price, the most volatile altcoin in the cryptocurrency market, has dropped 1.43% in the last day and dropped by 17.5% in trading volume. The average of the Relative Strength Index (RSI) has been steadily declining, and it has not been able to rise above its neutral position. Because of this, the trendline has been continuously moving near its oversold zone, further pointing to a rise in selling pressure in the cryptocurrency market.
The Solana coin price may resume pace and challenge its resistance level of $155, if the market keeps it above its critical support level of $127. Furthermore, if market mood turns more optimistic, the price of Solana cryptocurrency may advance toward its upper resistance level of $181.50.
