Solana’s popularity this year has risen since we got the new label Ethereum Killer. The high scalability of this platform has increased the demand for SOL IDs, which have grown by more than 3500% this year.

At the time of writing, Solana is trading on the $ 33.21 major stock exchanges. In the last 24 hours, the value of the token has risen by 1%.

Solana price analysis

Source: TradingView

Given that Solana is one of the newest cryptocurrencies and block chains in the encryption area, its price development is something that short- and long-term encryption holders should evaluate.

Solana is looking closer to recovering from his May losses. It is one of the few tokens that was still trading in the green zone on June 30th. Its current level of $ 33 places the mark on the brink of a significantly higher level of eruption.

Trading above the current level creates great resistance for Solana to reach $ 40. Resistance here will only be overcome if buyers flock to buy the token during the current rise. Get in Bitcoin and ethereum may also form higher trading venues for Solana.

However, if SOL is opposed at the current level, we may record a withdrawal of less than $ 30, and the lower critical support is $ 26.5. Such withdrawals are due to sales by short-term traders, but it also creates a mark for dip buyers. Therefore, Solana’s prices could stabilize at this level if the bears are returned.

As mentioned earlier, SOL is one of the most popular investments in the encryption market due to the strength of the Solana network. Its potential also draws institutional investors to the mark. 21Shares AG, one of the leading issuers of listed products, launched on 30 June 30 the first Solana ETP in the world on the Swiss stock exchange. The launch will increase Solana’s global popularity.

In addition, the FTX Exchange is collaborating with Digital Assets AG to publish tokanized shares in Solana. Solana hosts subscribed shares of 55 companies, including Facebook, Google, Netflix, Tesla, PayPal and more. This opens the door to Solana’s growing dominance in the market.

These developments make the Solana network and SOL logos more popular and increase value and demand.

Where to buy Solana

If you want to buy Solana tokens, you can create a cryptographic exchange account on the following reputable exchanges:

eToro is at the top of the list of reliable and secure exchanges. The exchange charges traders competitive trading fees and friendly features. It offers a copy trade where novice traders copy the trading strategies of experienced traders, which increases their chances of making a profit.

Coinbase is one of the earliest and most established encryption changes. The exchange is great for beginners and gives users access to a variety of cryptocurrencies and trading pairs.

Do you want to buy or change the encryption now? Invest in eToro!

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