Solana (SOL) was one of the biggest losers in the month of February. The asset, despite starting the year on a good note, lost a major portion of its gains last month. But the altcoin set foot into March in a bullish manner. This was due to Donald Trump’s inclusion of Solana into the country’s Crypto Strategic Reserve. The asset swiftly saw a jump from a low of all the way to a high of $140.30. While this news may have fueled the price of SOL for now, the community is hoping to pocket gains over the next couple of days as well.
Also Read: CBDC Debate: Digital Euro Expands While Russia Delays Digital Ruble & U.S. Holds Back
Solana Shines Brighter Than The Rest
At the time of writing, the asset witnessed a slight correction. This caused the altcoin to be priced at $161.07 much lower than its daily high. But Solana recorded a massive uptick of 12.08% throughout the past 24 hours.
Also Read: 3 Ways Through Which Trump May End De-Dollarization Once And For All
Solana’s daily volume also followed a similar trend. SOL’s volume in the past 24 hours jumped by a staggering 454%. Currently, the trading volume of the altcoin stands at $13.69 billion. Considering the direction of SOL’s price movement, there seems to be increased buying activity as opposed to selling.
Price Prediction
SOL’s latest price trajectory has led to the community expecting a bigger surge over the next couple of days. But the very volatile Solana market seems to have other plans. According to data from CoinCodex, on March 5, the altcoin might be trading around its current price level. The firm predicts that SOL will be priced at $160. The highest that the asset will rise to during the next couple of days is $161. While this isn’t necessarily a bullish sign, the rest of the month could bring in increased gains for the altcoin.
Also Read: GTA 6 Leak: John Cena’s Heel Turn + Will Villains & Sea Monsters Rule?