Solana’s price is on the same trend as stocks and cryptocurrencies around the globe. Investors believe that Ukraine’s current conflict will end after a Belarusian-Russian meeting. Bulls have difficulty breaking through the $100 barrier despite the optimistic outlook and news.
Solana near $100
Solana hit $96 for the day earlier today. With gains up to 6.4%, Solana was among the best gainers for the day.
The announcement of a world tour by the group behind the asset’s creation has boosted the asset’s price recently.
SOL/USD Daily Ichimoku Kinko Hyo Chart
Solana’s price, more than most large cryptocurrencies, is dismal and sad, as it is quite close to a key price level yet unable to attain it easily. A substantial group of resistance needs to be removed before Solana can enter an established bull market.
SOL/USD Trades Close to $100 Source: TradingView
Continued resistance above $100 at $110 (bottom of the Ichimoku Cloud, Senkou Span A), the 38.2 percent Fibonacci retracement at $112, and the 100 percent Fibonacci expansion at $116 are adding to the bull’s displeasure. This means that buyers may not be able to get Solana closed at $100. However, there is still upside potential.
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Solana Foundation To Hold Special Events
The Solana Foundation announced that they would be holding events in several places across the world to stimulate developers’ interest in the ecosystem.
The event was named “The Hacker House,” and the foundation plans to visit cities such as Prague, Berlin, and New York, as well as Florianópolis, Brazil, and Nassau, Bahamas’ capital, in the coming weeks. They’ve also stated that as time goes on, they’d like to expand the list of cities.
“Big news: There are more Solana Hacker Houses on the way! The crew is adding several new stops to the World Tour.”This will attract more projects and help strengthen the Blockchain, which is a welcomed positive after Solana’s difficult year.
Bartosz Lipinski was its Head of Product.
“We are giving people opportunities to get access to venture funds, knowledge from engineering team on Solana, and then people that can vet your ideas and then help you build. If you’re thinking of starting your own company, building it on Web 3 is the best route, especially as Solana has plenty to offer. Multiple teams were able to go from a handful of projects to over 5000 in a year. They also funded their businesses and began hiring. And if you are thinking in terms of start-ups, that’s like incredible”.
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Featured Image from Pixabay. Chart by TradingView.com