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Solana (Sol) is back on it and shows renewed strength after successful interruption of the resistance level of $ 160 for the second time in the last three months.
Currently trading for $ 163.43, Sol has It has gained $ 12.87%over the last 30 days, which commanded market capitalization of $ 87.65 billion This stiffened its position on the sixth largest cryptocurrency on the market.
Analysts now believe that a recent price event reflects an escape of $ 125, which witnessed in April, which subsequently led to the peak of $ 187 in May. The current screening focuses on $ 300 before August.
In addition to the Bull of Solana graphs, it continues to serve as a liquidity center, and the protocols are based on its infrastructure, which show convincing cases of use and competitive advantages over other blockchains layers 1.
For example, the popular launchpad MEMECOIN Pumpfun made its ICO 12 JulyWith more than 70% of participants providing places in highly contested FCFS distribution through direct interaction of the Solana chain.
This event Over $ 500 million through wallets on the chainWhile only $ 100 million were recorded from centralized exchanges due to investors who tried to process their transactions effectively.
This development further strengthened the advantage of Solana as an internet layer for traditional financial and capital markets.
Similarly popular mascot penguin from mascota nFT -based sole has attracted Beware of the best industrial players, with remarkable characters including Vanecky, Coinbase, Moonpay and even the founder of Tron Justin Sun with a pengu profile.
WITH The very first Solana ETF now lives in the United States And others in the pipeline, analysts like Ali Grafs believe that Sol Breakout will focus on the level of immediate resistance $ 185.
A popular crypto of the “Crypto Dubzy” trader also shared his analysis and projected $ 194 as another goal If the resistance of $ 195 is violated, with expectations of $ 257-305 to follow.
With open interest solana in the derivative market steep steep around $ 8.15 billion and financing rates remain positiveThese goals seem to be well within reach.
On the technical front, the weekly chart for SOL/USDT shows potential bull reversal now that the price has returned and trades over 89 -week EMA, which serves as a significant long -term trend indicator.
After prolonged correction from a high level of $ 295, Sol found support around 0.236 levels of the Fibonacci retraction level near $ 142 and has been reflected since then with increasing volume.
The recent price escape over EMA89 and a multi -week consolidation formula indicates growing dynamics.
If the bull continuation persisted, other potential resistance zones are in line with Fibonacci levels – first to $ 171 (0.382), followed by $ 19, $ 219 and perhaps a repeated test of 252 if the momentum accelerates.
Given the restoration of key moving averages and structural shift, the outlook favors the ascending trajectory towards the range of $ 200-250, provided Sol maintains the level above the support band 145-155 years.
For traders trying to earn money on the performance of Solana, one common strategy includes Buying memecines Solana When Sol proves a strong price.
However, most of these chips are not easily available, except for direct interaction with the Solana chain.
Professional merchants and participants of defi often resort to using Telegram trading with robots to blast these memecinesEspecially on platforms such as pump.fun and newly run Bonnkfun.
One business shoe gets traction among users Snorter.
Especially attractive is its infrastructure based on the sole and its native token $ snort, offered as memecoin for investors to buy.
Within a few weeks of its pre -sale, Snorter Bot (Snort) It has successfully increased over $ 1.6 million, showing significant investors interest.
SNORT is currently the price per token $ 0.0981 during the ongoing advance and offers early investors the opportunity to participate before the price increase.
Inteeded participants can join pre -sale via Official Web Page Pre -SalesUsing popular cryptocurrencies or bank cards to complete their purchase.
Contribution Solan prize prediction: Experts see Sol hit 300 $ before August in the middle of bull patterns of charts He appeared for the first time Cryptonews.