Solana (SOL) is believed to be a long -term competitor to Ethereum now the most widely used network for applications such as decentralized finance and digital collections.
Recently, Solana has jumped to 6th position in the crypto market chart, among the top 10 largest currencies in the world having beaten Dogecoin and XRP.
The September trading session, Solana has produced a 105% jump by recording the latest consecutive all-time high (ATH) level to date.
However, Solana’s positive movement has been driven by several factors shared in previous articles!
Looking at the SOL/USDT chart, the price movement is seen to remain rocketing to the latest all -time high (ATH) at the $ 216 price level in the last few hours when this article was published.
From a technical point of view, the price movement still remains positive with a bullish trend and is hovering at the $ 210 resistance level.
If SOL remains with a bullish trend, the price movement will break the $ 210 resistance level and make the latest ATH continuously.
However, if the SOL price movement shows a bearish trend again, the RBS (resistance become support) $ 190 level will be re -tested to either make a rebound or continue to decline to a lower level.
At the time of writing, SOL is trading at the $ 208 price level jumping over 19% in the last 24 hours.
