Solana left competitor Ethereum to bite the dust with 27% weekly gains and almost 6% come together on Friday. The native token of rallies of the Solana blockchain, technical and technical indicators point to new soil gains in the coming week.
Solana against Ethereum, Trump crowns a winner
Solana has added more than 27% to its value in the last seven days by tradingView data. Friday, competitor Ethereum extended its earnings, gathering another 6%. Altcoin is negotiated 12% below its summit of $ 295.83.
While intelligence platforms on chain data confirm that President Trump holds Ethereum, the Pro-Crypto chef launched his memes Trump piece on Solana’s blockchain. In addition, the story made in USA promotes Solana, alongside other Made in USA tokens like XRP, Cardano (ADA) and Avalanche (Avx).
According to a CNBC report published on January 14, the “official Trump” play was announced on the social accounts X and Truth of the president elected on Friday evening, and began to negotiate on Friday at a price of $ 4.29 and rallied more From 600% to $ 33.21, according to TradingView Data.
The report aligns with the program and the launch of the same corner as the last effort to collect funds to get out of the Trump team after two NFT collections, Trump Digital Trading Cards on the Polygon
Blockchain and Trump Bitcoin Digital Trading Cards on Bitcoin and the DEFI World Liberty Financial Sur Ethereum platform.
With President Trump who chose Solana for his launch of Token even, Sol was crowned winner against competitor Ethereum.
The chain analysis supports Solana gains
Santiment data show that Solana’s commercial volume increased on January 19, since then, metric has been stable above the average of 2024. The open interest for Solana observed peaks this week, as well as rates positive funding most of the time this week. The soil price supported its upward momentum, powered by the upward thesis.
Although the commercial volume of Solana and the activity of users are maintained, this could feed the gains in the Altcoin. Chain analysis is supported by bull panels technical indicators on the floor / USDT price table.
Coinglass data show that ON has climbed almost 3% in the last 24 hours, affecting $ 7.40 billion. The volume of the options trade earned almost 44% within the same period.
Merchants on most centralized scholarships are optimistic on Solana, according to the long / short ratio on Coinglass.
FNB Solana based in the United States could become a reality in 2025
Greg Magadini, Director of Amberdata derivatives, told Crypto.News in an exclusive interview:
“Vaneck applied for an ETF of Solana in 2024, I think that the story will come back, the big obstacle there is the question around security is that it is a commodity and things like that. If we have a more friendly second, I could see an easier path for approval.
I could see this kind of friendly landscape start a new era of coins as similar members. And there is this potential for a new adoption of a kind of coins in different societies launching their own thing, I do not know what it would look like, but I think the door was opened for it. “”
Magadini remains positive on a Solana ETF approval in the United States in 2025.
Technical analysis and ground price forecasts
Solana is negotiated by 12% under its summit of $ 295.83, at $ 262.32. On the graphics of daily soil / USDT price, technical indicators support Solana Price gains. The relative resistance index can be read 67 and is sloping up and the green histogram bars on the indicator of divergence of Mobile Mobile Convergence show that there is an underlying positive momentum in the price of soil soil trend .
Floor could find support in the fair gap between $ 222.11 and $ 236.68.
Kraken analysts confirm that Solana is continuing its strong upward dynamics and exchanges above the exponential medium-sized moving, after having set a new record greater than $ 260. Analysts are cited in Kraken’s OTC report:
“This pulse decision was born from an inability to close below the EMA and the trend line of 200 days, supports nearly $ 168, with the level of Fibonacci trace at 50% to $ 230 providing now a key support. At the rear of this net rally, the RSI approached an exaggerated territory nearly 75, reflecting a strong bullish dynamic but also pointing out potential prudence for short -term traders.
A decisive daily closure greater than $ 260 would confirm a renewed bullish momentum and would probably open the way for new upward exploration, with $ 280 and $ 300 emerging as the next key objectives. However, not containing more than $ 230 could see Sol revise the lower support levels, $ 204 being the next important area for the bulls to be defended. »»
Messari analysts decompose the launch of the pieces even Trump and Melania on the Solana chain and note that their impact on the record volume of $ 85 billion in Solana supported a bullish feeling among the traders.
Crypto market players consider this to be an important step for the adoption of the crypto, the concerns concerning the initiate allowances are creeping, according to the tweets on X. It remains to be seen how the launch of the token for the same could shape the long -term market trends, the role of future same corner of the same corner is launched and how Trump’s engagement with Crypto could shape the industry over the next four years.
Disclosure: This article does not represent investment advice. The content and equipment presented on this page are only for educational purposes.
