The Solana network continues to show activity in the cryptocurrency market, adapting to current realities and implementing new technologies to enhance reliability.
Current Market Indicators of Solana
As of now, Solana (SOL) is trading at $144.25, reflecting a slight increase of 0.32% over the last 24 hours. However, it has seen a decline of 0.29% over the past week. The market capitalization stands at $77.1 billion, keeping Solana among the top ten crypto assets.
Technical Analysis and Price Support
The daily trading volume remains strong at over $3.7 billion, indicating sustained interest in SOL. The current price is approximately 50.8% below its all-time high of $293.31 and over 28,700% above its all-time low. From a technical standpoint, Solana is trading in a narrow range between $143 and $147, with key resistance at $147.50 and support at $140.
Network Development and New Technologies
To enhance its infrastructure, Solana has integrated technologies such as the QUIC data transfer protocol, local fee markets, and stake-weighted Quality-of-Service models. These updates aim to reduce the likelihood of network outages and increase throughput reliability, responding to a history of partial and major network halts, including a significant five-hour outage in early 2024.
The Solana network continues to evolve and adapt to modern challenges, focusing efforts on stability and improvements, which may positively impact its future performance in the market.
