• SOL price nears new ATH.
• Buyers show bullish signs with open interest increases.

Solana [SOL] is on the verge of reclaiming a price level not seen in over two years, and recent data indicates a bullish sentiment among traders towards the current trend.

Solana traders turn bullish

A recent Santiment post indicates that Solana is nearing the $150 price threshold. This development has propelled SOL to become the most trending coin in the last 24 hours, as per Santiment’s data.

Analyzing the trend reveals a positive momentum of over 56%, signifying a fairly bullish market sentiment. If Solana successfully breaches this new price level, it would mark the first time since 2022.

Solana breaks another price record

Examining Solana on a daily timeframe chart reveals that by the end of trading on 7th March, it experienced a notable increase of over 10%.

The chart illustrates trading at approximately $144.06, reaching as high as $150 during that session. This marks the first instance since January 2022 that SOL has reached these price levels, signifying a significant ascent.

The rise to the $150 price zone on 7th March suggests a high probability of reaching that level soon.

Additionally, an analysis of its Relative Strength Index (RSI) indicates

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Author: Adewale Olarinde

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