thenewscrypto.com
- SOL’s monthly time frame has been fairly bullish lately.
- Synchrony Finance secured $4.2 million in strategic capital.
Bitcoin price hit $64.2K on Wednesday and is now trading at $64.8K on Thursday. Solana, the sixth most valued cryptocurrency, outperforms. SOL drew in all the bulls, gaining 12.4% on the past day.
SOL hit a high of $214.14 just before publication. With few technical resistance levels, the market seems poised to rise. Globally, the bitcoin market is quite bullish, which might lead to further volatility.
SOL’s monthly time frame has been fairly bullish lately, but it has begun to reject and lose momentum. This shows the bulls’ long-held market control is starting to unravel.
Price Has Steadily Increased
After reaching an all-time high of $214.96 in September, the SOL currency has steadily increased since January 2021. SOL may easily surpass $200 and the critical resistance level of $215.
The bullish triangle’s target is $226. Sellers may swap their Solana between $200 and the all-time high of $216. Upon a break of $195, two areas may provide significant resistance. MonkeyBall, a play-to-earn gaming platform, has closed a recent fundraising round of over $3 million from venture and angel investors.
Synchrony Finance, a Solana-based asset management firm, secured $4.2 million in strategic capital. Andrew Fraser, the co-founder of Synchrony, said that the money was raised in two stages: seed and private. According to CoinMarketCap, the SOL price today is $207.35 and the 24-hour trading volume of $7,149,607,088.