Over the last 24 hours, Solana's price increased by 6%, reaching $167.73 amidst a notable trading volume surge of 92%. The cryptocurrency continues to attract attention as the fifth largest by market cap.

Recent Surge of Solana

Solana is experiencing a significant price increase, growing by 10% over the past week. It reached the resistance level at $170 but struggled to maintain its position above this mark. Such growth was observed only a few times this year—in March, May, and July—when the price hit $180, $190, and even $200.

Solana Price Prediction

The market is shifting towards a bearish trend, as cryptocurrencies, including Solana, face correction. Trading signals indicate widening Bollinger bands and a drop in the Relative Strength Index (RSI) to 36.16. If RSI reaches 30, it might trigger a recovery in price.

Promising Alternative to Solana

While investors wait for the right moment to buy Solana, attention is directed towards Pepe Unchained, which has shown significant success in its presale, raising over $21.26 million. The project offers a fresh take on meme coins using its own blockchain technology, promising to reduce costs and increase transaction speeds.

The cryptocurrency market continues to show high volatility. Solana remains a key player, but the emergence of alternative projects like Pepe Unchained highlights the dynamic development of the sector.