Can Solana Investors Expect Further Price Rise After Recent 10% Increase?

Solana Price Rise

Solana’s price rose by more than 10%, and its trading volume increased by over 200%.

Solana (SOL) has experienced a 10% increase in the past 48 hours and reached a monthly high of $23.64 per coin, according to CoinMarketCap. This surge led to approximately $2.7 million being liquidated.

Excitement about Solana is mounting due to the anticipated launch of Saga, an Android smartphone powered by the Solana blockchain, on April 13. This phone is expected to enable users to mint their own NFTs from any location and gain access to the diverse Solana-based apps and projects.

Can Solana Investors Expect Further Price Rise?

Investors can anticipate SOL’s price to increase in the near future as the market indicators are optimistic. For example, the Relative Strength Index (RSI) of SOL has risen sharply, which is a positive signal for potential buyers.

Moreover, SOL has seen a surge in trading volume, demonstrating the increasing popularity and demand for the token. With the increasing interest and investment in SOL, investors can expect to see further price rise in the near future.

[Disclaimer: The content of this article is not intended as financial advice, and should not be construed as such. Neither nor the author is responsible for any investment decision made by any reader.]