Solana Price Prediction as Trezor Wallet Adds Support for SPL Tokens – Adoption on the Rise?
The Solana price has surged by 15% in the past 24 hours, rising $87.94 after Trezor announced that its wallet would support the altcoin.
Today’s rise means that SOL is now up by 20% in a week and by 56% in the last 30 days, with the token also sitting on a mightily impressive 626% increase in 12 months.
And Trezor’s recently announced support for SOL shows that the coin and its platform may have only just begun growing, with more price gains likely in the coming weeks and months.
SOL’s indicators reflect the increase in momentum, while also showing that there’s still space for the altcoin to rise a little further before it needs to come down.
Its RSI (purple) has just passed 70 again after a week or so around 60, meaning that SOL’s price could continue rising in the next few days.
Likewise, SOL’s 30-day average (yellow) is still rising strongly above the 200-day average (blue), and given that it had spent so long below the latter, it and SOL’s price can afford to keep rising for a while yet.
Such optimism also sits well with the coin’s support level (green), which has climbed steadily over the past couple of months, suggesting that SOL will not fall far whenever it eases off the gas.
At the same time, the asset’s trading volume remains very healthy, having risen from around $750 million a few weeks ago to $4.5 billion today.
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