The Solana network’s native cryptocurrency, SOL, has been on an upward surge in the past three days, climbing from around $180 to over $210.
Having failed to break its previous low of $162.74, the coin, which is currently ranked 5th in the crypto market with a total supply of 441 million and a market capitalization of over $88 billion, SOL is showing no signs of stopping.
Will Solana Continue To Surge Upward?
At the time of writing, Solana has been up by 6.25% trading around $198 in the past 24 hours, and has broken above the previous resistance level of $195. The price is also trading above the 100-day moving average on the 4-hour chart of the SOL/USD pair. If the price continues to move upward, it might break above its major resistance level of $210 and move even higher to create a new high for the year.
All these can be seen in the image below:
Looking at the chart with the help of the RSI (Relative Strength Index) indicator in the image above, we can see that the
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