Solana is an open source project that uses the permissionless aspect of blockchain technology to create decentralized financial (DeFi) solutions.
The Solana protocol is intended to make the construction of decentralized apps (DApps) easier. It intends to increase scalability by combining a proof-of-history (PoH) consensus with the blockchain’s underlying proof-of-stake (PoS) consensus.nSmall-time traders and institutional traders alike are interested in Solana because of its revolutionary hybrid consensus mechanism. The Solana Foundation is working hard to make decentralized finance more accessible on a bigger scale. Let us review the SOL price
SOL Price Prediction
Bullish Scenario: If SOL manages to break above the resistance level at $148.20 after a retest to 116.83 and $104.26 support levels then it would be a bullish sign. There will be a higher chance that we might test the next resistance level at $168 and $188. Breaking above $188 price level with significant buying volume will lead to a good chance of crossing above $195.
Bearish Scenario: SOL has been in an uptrend channel since the last few weeks. However, if the $104.26 support level breaks, the price will fall to $81, and even lower sooner or later.
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