Altcoin News- The Saga phone will make it simpler and safer for users to engage in web3 transactions.
- Solana surged past a trend line of resistance that had been in place for 11 months.
Despite a general crypto market pullback following Bitcoin’s break above the $30,000 barrier on Tuesday, the price of Solana has soared by 20% in only the previous two days. On Wednesday, SOL price continued its upward trajectory with an 8% increase. In the last twenty-four hours, prices have fluctuated between $22.42 and $24.34 as per CMC.
On Tuesday, when Bitcoin finally broke the $30,000 psychological mark after 10 months, the price of Solana surged past a trend line of resistance that had been in place for 11 months. The high number of trades after this bullish breakthrough suggests that investors are optimistic about the market.
Upcoming Launch of Solana Mobile
Solana’s price has the potential to increase further if bulls can maintain the bullish momentum in view of the upcoming launch of Solana Mobile.
The launch of Solana Mobile on April 13 is another important factor in the rise of SOL’s price. Since its unveiling last year, the Saga Web3 smartphone has been eagerly anticipated by the community. Solana Mobile claims that the official Saga launch event will be streamed live on Twitter, YouTube, and the company’s website on April 13 at 5 PM UTC. On March 23rd, an updated release date was revealed.
According to Solana Mobile, the Saga phone will make it simpler and safer for users to engage in web3 transactions including token trading, NFT minting, on-chain gaming, and dApp access.
According to CMC, the Solana price today is $23.58 USD with a 24-hour trading volume of $1,333,976,289 USD. Solana is up 1.30% in the last 24 hours.
Source: https://thenewscrypto.com/solana-sol-price-witnesses-price-surge-ahead-of-mobile-saga-launch/