Solana Network gets a large batch of Coinbase and Robinhood: Sol PRICE Bullish Revesal forward?

• The total cash flows of Solana Defi products have grown gradually in the past few weeks.

• Sol PRICE has been unified between $ 123 and $ 134 in the past three weeks amid increasing rise.

The broader Altcoin market, led by Solana (Sol), continued to unify a horizontal closer to Bitcoin (BTC) on Thursday, during the trading session in the early North America. The growing confidence in the gold market, amid clear concerns about the US stock market in the United States, helped the broader encryption market to obtain significant upward spirits.

Solana gets the necessary support from Coinbase and Robinhood

Solana network has received support from Robinhood Markets Inc. (NASDAQ: Hood) and Coinbase Global Inc. (NASDAQ: Coin). In an attempt to attract Solana users prevailing from Defi projects, such as Raydium Dex, Robinhood and Coinbase announced initiatives to motivate them.

On Thursday, Coinbase upgraded Solana Infrastructure to enable the faster 5X block processing, perform the best 4x RPC, and reliability enhanced to experience a smoother user.

Meanwhile, Robinhood has announced that the network is not for many Solana transactions until June 9, 2025.

A rise in height

After recording an impressive march in the past two years, and was severely affected by the prevailing dependence of the sanctities, Sol Price was greatly convinced of more investors of the long -term growth prospects.

According to Binance market data, more than 71 percent of merchants in encryption with Sol open positions are betting on the imminent bullish collapse.

Mid -term goals for Sol price

In the weekly time frame, Solana Price respects an increasingly created Logaretmithm’s direction that has been created since January 2023, indicating the budget feelings. More importantly, Price Sol, against the US dollar, has constantly closed more than $ 126 in the past two weeks, amid continuous trade war negotiations.

In the four -hour time frame, Sol PRICE has already erupted from many logarithmic trends created by YTD.

In the time frame for one hour, the Sol price constituted a potential declining feelings, characterized by a large level of resistance higher than $ 134, along with the declining difference of the RSI. As a result, the SOL price may be re -testing the support level about $ 123 before continuing with upward feelings towards its highest level ever.