Solana (SOL), despite the decline in the crypto market during the week after the gains recorded at the beginning of the week, continued its rise and defied the market decline. SOL, which gained more than 7% in the last week, surpassed the $24 level and came close to the $25 resistance level. With these gains, SOL became one of the top-performing cryptocurrencies of the week in terms of percentage among high market cap cryptocurrencies.
Uncertainty Prevails in the Market
The crypto market started to rise with the leader cryptocurrency Bitcoin surpassing the $30,000 price level at the beginning of the week. However, the upward momentum in the market turned around in a short period of time. Bitcoin (BTC) fell below the $30,000 price level again during the week.
Most altcoins in the crypto market started to decline again due to the losses in BTC. The total market cap of the crypto ecosystem decreased to $1.17 trillion according to CoinMarketCap (CMC) data.
Solana (SOL) Approaches Critical Resistance Level
The drop of the leading cryptocurrency below the $30,000 level caused most cryptocurrencies in the market to lose value to varying degrees in recent days. However, SOL, the native cryptocurrency of the Solana blockchain, challenged the market decline and gained momentum despite the decline in the crypto market during the week.
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SOL, which recorded a value increase of over 7% in the last week, started trading at $24 price levels. After these recent gains, SOL approached the $25 resistance level significantly despite the market decline.
Solana (SOL) stood out among the top-performing cryptocurrencies of the week with its rise during the week. According to CMC data, SOL became one of the top-performing cryptocurrencies of the week in terms of percentage among high market cap cryptocurrencies.
