Solana Price Prediction as Tech Giant Telefónica Launches Solana-Based Helium Mobile Hotspots – Can SOL Reach $10,000?
The Solana price has risen by 1.5% in the past 24 hours, moving to $88.90 after telecoms giant Telefónica launched mobile hotspots powered by the Solana-based Helium Network yesterday.
SOL remains down by 10% in a week and by 22.5% in the last 30 days, yet it is still up by an impressive 280% in the past year.
And with Telefónica’s announcement yesterday underlining the usability and fundamentals of the Solana blockchain, it’s likely that SOL will continue rising healthily again once the current market-wide correction ends and traders become more bullish.
After a decline over the past week or so, it now looks like the Solana price is about to begin a recovery, although its surrounding climate does remain uncertain right now.
Its relative strength index (purple) has risen back above 45 after dipping below 40 a few days ago, a sign that SOL is likely to resist significant falls at the moment.
Meanwhile, SOL’s 30-day average (yellow) has flattened out after several weeks of continuous growth, yet it also refuses to decline.
As such, it’s likely that SOL’s current support level (green) will hold up in the near term, providing the coin with a base from which it can mount future rallies.
It’s also positive that the coin’s trading volume remains just above $2 billion, a clear sign that interest in the token remains strong, strong enough to support incoming rises.
Still, the overall picture continues to look incredibly positive for Solana, which yesterday celebrated the news that telecoms firm Telefónica will be launching numerous mobile hotspots in Mexico that will be powered by the Solana-based Helium Network.
Telefónica and @novalabs_ launch a pilot of @helium mobile #hotspots in Mexico. This project offers an improved service for
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