The News Crypto -
- At the time of writing, SOL is trading at $92.94, down 0.91% in the last 24 hours.
- If the price manages to go below $88.5 level, then the price will likely test $73.
Within 30 hours of its debut, the Solana Mobile 2, the company’s newest offering in the mobile market, had received over 30,000 preorders. Moreover, preorders for the new smartphone have already topped sales for the original model.
The web3-centric features of the newer version of Solana Mobile have generated a lot of buzz. The new gadget has the same Android operating system as its forerunner, but it now has a seed vault for extra protection, an integrated cryptocurrency wallet, and a dedicated decentralized app store. But compared to Saga, the pricing would be far cheaper. There would be a notable upgrade to the hardware as well.
Struggle Continues
Solana (SOL) has the potential to surpass Ethereum (ETH) during the current bull run, according to the co-founders of crypto analytics startup Glassnode. However, currently a retest phase ensues as the market continues its slide despite a positive turnaround for Solana on the weekly chart. In addition, the SOL price is having trouble overturning the bear dominance and has been trading below the key $100 threshold.
Consequently, Solana is likely due for a more substantial fall since selling signs are becoming stronger and the market momentum is generally weaker. At the time of writing, SOL is trading at $92.94, down 0.91% in the last 24 hours as per data from CoinMarketCap. Moreover, the trading volume is up 1.57%.
Source: CoinMarketCap
If the price manages to go below $88.5 level, then the price will likely decline further to test $73 support level. However, if the price manages to go above $95.1 then it will likely test $98 resistance level.
This article was originally published on thenewscrypto.com
