SOL, the native token of the layer 1 ecosystem Solana is riding a steady rally defying current market correction as Bitcoin plunged below $70K. This sell-off has notably affected the altcoin market but the Solana price shows its sustainability above the $165 mark. This strong resilience hints this coin may witness an intense buying momentum if the broader returns to a recovery trend.
Also Read: 3 Reasons Why Solana Price Could Tumble To $140 Before Blasting To $200
Can Solana Price Sustain Above $150?
Solana Price| Tradingview
The Solana coin entered an aggressive recovery trend in late february when the price rebounded from $95.5 support. This bullish rally uplifted the coin value 86% within three weeks to currently trade at $183.
Mirroring its price rally, the Solana network has demonstrated remarkable growth in user activity, with the count of active addresses soaring from a low of 660,000 on February 26th to a record high of 1.04 million. This significant increase in active addr
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