The Solana price surged 6% in the last 24 hours, reaching $146.34. This price increase was spurred by rising trading volumes and the announcement of a new smartphone.
Solana Unveils New Seeker Smartphone
Solana has introduced its new smartphone, the Solana Seeker, scheduled for a mid-2025 release. The device has already garnered 140,000 pre-orders. Compared to its predecessor, the Saga, the Seeker features an upgraded display, better camera, and longer-lasting battery.
Solana Price Analysis
According to data from GeckoTerminal, the Solana price has been in a consolidation phase since the beginning of September, trading within the range of $137 and $127.19. However, over the past two days, the price has breached the $137 resistance level, moving above both the 50-day and 200-day Simple Moving Averages (SMAs). The RSI indicator has surged past 70, indicating strong buying pressure.
Solana Price Prediction
Analysis of the four-hour chart shows that Solana is on a positive trajectory. If this momentum continues, the price could reach the $162 resistance level. Conversely, if selling begins, the price might drop to the $129 support level.
In the near term, the price of Solana could continue to rise due to positive news. However, investors should be cautious, as the cryptocurrency market is always subject to unpredictable changes.
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