Posted 10/25/2023, 1:00:00 PM
Solana Price Hits New Yearly High as Bulls Target $37 After Breaking $28 Resistance
- Solana (SOL) price reached new yearly high of $32.81 today, erasing losses from FTX bankruptcy
- SOL broke out above key horizontal resistance at $28, with trading volume hitting $1.7B
- Total Value Locked (TVL) on Solana blockchain now at $367M, a new 2022 high
- Analysts bullish with targets of at least $37, but resistances remain at $37 and $46
- Weekly close above $28 resistance decisively bullish, RSI at highest since Nov 2021
