SOLANA Token Report – 07th July’23

Solana, an open source project that leverages the unrestricted nature of blockchain technology, offers decentralized finance (DeFi) solutions. Although the project’s conception and early development date back to 2017, Solana was formally introduced in March 2020 under the stewardship of the Solana Foundation, headquartered in Geneva, Switzerland.
Solana(SOL) is ranked #9 with a market capitalization of $8.6 billion. The current market price of the token is 20.83 USDTThe SOL price gained nearly 12% during the last 24 hours, edging above the $21 level after a month.  On the daily time-frame, the SOL/USDT chart has broken above the descending trendline with a surge in buying volume. The next resistance is expected at 23.1 USDT and an immediate support is expected at 18 USDT.

MintingM Rating – 4/5