Solana Saga, the latest crypto phone, is available in the U.S., Canada, EU, United Kingdom, Switzerland, Australia, and New Zealand. Saga phones are available at Solana Mobile stores in these countries. In their plan, the team of Solana Mobile will further expand in other countries. But till now, Solana Saga has provided its service only in the selected countries.
As Solana noted, Saga is getting quite a good response from its users. On the other hand, the price of Solana ($SOL) is showing a down trend, which looks like the arrival of Saga has not yet supported its price.
Key Highlights of the Solana Saga
Solana Saga is the web3 development result of Solana Mobile. According to a report by Solana Mobile published on May 9th, Saga is “Solana Mobile’s flagship Android phone.” The phone has brought the power of blockchain into everyone’s hands. The phone has a “sleek design and premium components,” as Solana Mobile mentioned.
Saga also provides web3 experience with Seed Vault, a secure self-custody solution. As Solana Mobile added, this vault will “protect user’s keys through biometric authentication and encryption.” Solana dApp Store will benefit users by accessing decentralized apps (dApps) such as Magic Eden, StepN, Jupiter, and more.
The blockchain platform also shared the positive reviews they are receiving. The reviews highlighted Saga phone’s “intuitiveness and security, deep integration with Solana, the innovative Seed Vault, and mobile-native web3 apps.”
Moreover, Saga phone users can also “claim a Saga genesis token” while setting up their mobile phones. This token is a “unique device-bound non-transferable non-fungible token (NFT)” that will unlock the exclusive content and offers from Solana Mobile.
$SOL Price Analysis
According to Tradingview, the price of Solana ($SOL) has been showing a bearish trend for the recent 7 days. SOL is down nearly 6% in one week, with a 0.68% decline in the recent 24 hours. At press time, SOL is trading at $20.50 and showing a bearish trend.
The above chart shows that SOL has dropped from its 100-day EMA. Bears in the market have already taken the price of SOL near to its support level. From here, the price of SOL demanded a bounce-back. Meanwhile, the RSI also shows that SOL is proceeding towards the oversold zone.
Support Level: $19.90
Resistance Level: 21.90
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
