Solana Shows Bullish Signs Ahead Of 1D Breakout, Can Price Go To $45?

Solana (SOL) develops bullish sentiments against tether (USDT), as the price of Solana (SOL) seeks to rise with an impending breakout above the current resistance. Bitcoin (BTC) gained significant strength after closing the weekly candle on a high note, with the price remaining above $21,700 for the first time in weeks. Most crypto assets, including Solana (SOL), have benefited from this, with the price aiming to break out. (Data from Binance) Related Reading: SEBA Bank To Include Ethereum Staking In Services Solana (SOL) Price Analysis On The Weekly Chart The price of SOL has struggled to maintain its bullish momentum in recent months, as it was rejected from the $45 area, which was acting as a supply zone for most sellers. Despite growing sentiment that the price of SOL will rise, SOL has struggled to regain its bullish momentum. The weekly chart of SOL looks good, as the week ended bullish with more bullish sentiments. As the price of SOL cannot trend higher, it faces resistance to breaking above $38. SOL must break above this level in order for its price to rise to $40 and possibly $45. For a better chance of trading higher, the price of SOL must break and hold above this resistance. If the price of SOL breaks out with significant volume, the price may rise. If the price of SOL fails, we could see a retest of $31, which would act as a good demand zone for a price sell-off. The price of SOL appears to be rising as the marke...