The price of Solana experienced a slight uptick over the past 24 hours, according to data from CMC. The Solana ecosystem recently hosted the Solana Breakpoint event, which saw considerable engagement from the community.
In the broader cryptocurrency market, a deviation has occurred from the recent bullish trend. Data from prominent aggregators indicate slight declines in both major cryptocurrencies and the overall market. Nonetheless, the daily trading volume within the sector maintained its upward trajectory.
In this context, Solana, the second-largest altcoin, achieved a modest price rise of 2.27% in the last day. During the early hours of September 23 in Asia, the token was valued at $147, but it subsequently dipped to an intraday low of $142.13. Following this decline, SOL made an effort to regain its positive momentum, encountering resistance around the $146 mark before breaking through it. As of this writing, the altcoin is trading at $147, as noted by CMC data. Additionally, the token’s daily trading volume saw a notable increase of 9.40%.
Over the past few weeks, Solana has not attracted significant market attention, as investors concentrated on Bitcoin’s captivating movements. Moreover, SOL had been in a consolidation phase around the $134 level prior to the recent bullish activity.
Conversely, the Solana ecosystem has experienced several advancements during this period. Notably, the Solana Breakpoint event attracted a wide range of community participants.
### Solana (SOL) Price Weekly Overview
An analysis of Solana’s weekly price chart reveals an increase of 11.15% over the last week. At the start of the week, the token was trading between $131 and $134. However, it dipped to a weekly low of $127.25 before making a bullish turnaround on September 20, overcoming resistance levels at $140 and $142.
**SOL/USDT Daily Price Chart (Source: TradingView)**
Furthermore, the short-term 9-day moving average is currently positioned above the long-term 21-day moving average, signaling the ongoing bull run. This recent price surge has led to increased buying pressure among investors, as evidenced by Solana’s RSI standing at 57.73, according to TradingView data.
In addition to these developments, the ecosystem has seen significant progress in the past week. Notably, the crypto-based travel platform **Travala.com** announced its integration of Solana, offering rewards in the form of SOL tokens. Furthermore, the leading exchange **Coinbase** has also announced the integration of cbBTC with Solana.
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