Boom! SOL Explodes $39, Here's 3 Things to Note!

<p>&nbsp;"Why the price is going up kaw kaw kot, whoever buys SOL must make a lot of money."</p><p><br /></p><p>Cryptocurrency Solana (SOL) is climbing higher by the day as its price managed to reach $39 from $23 on October 19, 2023, so here are three things for investors to watch out for this week.</p><p><br /></p><p>First, the price of SOL, which is able to break through its main resistance zone at $37, is predicted to reach a valuation never seen since the FTX crypto exchange faced a drastic fall that affected the entire digital asset market.</p><p><br /></p><p><br /></p><p>Also, if the resistance zone at $38 turns into support, then SOL is expected to be able to reach $40 or more, but it should be noted that the level could cause SOL to see a price correction again.</p><p><br /></p><p>There is no denying that SOL is currently in a strong upward momentum, however investors may return to sell it at $38 and this means the price can pullback.</p><p><br /></p><p>Please note that SOL needs to break two more key resistance levels to continue moving higher, so investors should keep a close eye on price action around $38 for any signs of weakness.</p><p><br /></p><p>As of this writing, SOL price has surged by 10.09% to $38.47 in the last 24 hours with a market capitalization of $16 billion further recording a 27.71% increase over the last week.</p>