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Solana is considered cheap right now, as of the beginning of the week it was around $102 per share with a more or less 100% decline compared to last figure back in November 2021 when the price rose to the maximum heights of 225,43$.
Certain level anyway could not be too far right now as they recently announced their entry into payments which could lead them higher than ever before.
As we are writing the article SOL/USD is exchanged on the market around 108$.
Volumes are more or less aligned with the previous months, exchanging on a monthly basis around 60M pieces. Exception made for March where the Crypto saw its peak reaching a volume of 3.15B.
The reliability of Solana blockchain is so fast today that in the crypto environment they assess themselves as the best initiatives. Today they are able to process 1 million transactions per second and with their wallet initiative, they are taking on a new approach by eliminating technical obstacles for consumers to set up wallets and enter the DeFi space.
The price, although in an upward trend, is moving between support level and resistances.
In the short run analysts identified three levels of support at 107,196 – 107,653 – 108,026 and three levels of resistances at 108,856 – 109,313 – 109,686.
