Solana Price has rebounded and crossed the important level of resistance at $ 150 as parts even in its ecosystem jump. He also skyrocketed while his market capitalization of the stable reserve jumped to a record.
Solana (soil) reached $ 153 on Saturday, its highest level since March 3 and 60% above the lowest level of this year. This recovery pushed its market capitalization to almost $ 80 billion.
The Solana rally occurred when investors returned to the parts even in its ecosystem, increasing their market capitalization to $ 10 billion, an increase of $ 4 billion compared to the lowest level of this month.
Most of the pieces even Solana have skyrocketed, with Trump (Trump), Bonk (Bonk), Dogwifhat (WIF) and fatty penguins (Pengu) jumping over 60% in the last seven days. Three of his pieces – Trump, Bonk and Fartcoin – have accumulated market capitalization of more than a billion dollars.
Most of these coins were inspired by Fartcoin, a popular piece of memes that jumped almost 500% compared to its monthly hollows. The rally also accelerated after Trump invited the best investors of his meme piece for dinner in May.
The pieces even solana has benefited the decentralized exchange networks on its ecosystem. These Dex platforms, such as Raydium and Orca, have managed more than $ 17 billion in volume in the last seven days.
In addition, the market capitalization of all the stablescoins of the Solana ecosystem reached a record summit of $ 13.1 billion. In addition, the number of addresses active on the Solana network has increased to 3.1 million.
Solana Price technical analysis
The daily graph shows that the ground price has reached $ 95.27 earlier this month while concerns about its ecosystem have jumped. He rebounded and moved above the level of key resistance to $ 121.17, his lowest since September of last year.
He formed a reverse head and shoulder pattern, a popular bull sign. It also exceeded the 50 -day mobile average. In addition, oscillators such as the relative force index and the MACD continued to increase.
He also jumped above the Fibonacci trace level of 23.6%. Consequently, the medal will continue to rise up while the bulls target the key psychological level at $ 200. This objective is around 32% above the current level.
