- SOLV is showing strong bullish signals, with MACD trading above the signal line and RSI in the overbought zone.
- Resistance at $0.03663; breakout could push SOLV to $0.038–$0.040, while support at $0.035 may prevent a drop to $0.03277.
- Coincodex forecasts a short-term dip to $0.033454 before a 226.46% surge to $0.109215 by March 2025.
With the Solv Protocol (SOLV )BTC BNB minting launched on Binance today at 14:00 (UTC+4), the price of Solv Protocol (SOLV) has seen a price surge and is currently trading at $0.03646. The 24-hour trading volume is trading at $53,251,230. This represents a 6.82% price increase in the last 24 hours and a -8.36% price decline in the past 7 days.SOLV functions as the third project within the Mega Drop initiative to transform the Bitcoin financial sector. The market awaits to see if SOLV will transform into the industry’s upcoming dominant player.
SOLV/USDT 1-hour Chart indicates bullish momentum
The SOLV/USDT chart on the 1-hour timeframe indicates bullish momentum, with the BUY price at 0.0366 USDT and the SELL price at 0.0365 USDT, reflecting a narrow spread of 0.0001 USDT. The MACD is trading above the signal line showing bullish momentum in the market. Moreover, the histogram value of 0.0002, indicating bullish momentum too suggesting increasing buying pressure.
Meanwhile, the RSI is currently at 77.98, placing the asset in the overbought zone. If the price continues upward, resistance may form around 0.0380 to 0.0400 USDT, while downside support could be found near 0.0350 USDT if a retracement occurs. Given the current technical indicators, the short-term trend remains bullish, but traders should be cautious of possible profit-taking and a temporary price dip before the next move.
SOLV Key Levels To Monitor and Outlook
The fact that the price is testing the upper end of its 24-hour range ($0.03663) signals potential resistance, but if the bullish momentum persists, SOLV could aim for further gains. With the Immediate Support at $0.035, a breakdown below this could see SOLV testing $0.03277 again.Whereas a successful breakout above$0.03663 this resistance could push SOLV toward $0.038 or even $0.040.
Coincodex predicts shows Solv Protocol as of February 22 will face a decline and trade at $ 0.033454 before experiencing a rise by 226.46% and reach $ 0.109215 by March 23, 2025.
