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The Solana price has jumped by 3 % over the past 24 hours for trading at $ 204 from 7:00 pm EST on a 43 % pump in trading volume to $ 4.05 billion.
This increase comes at the Sol price at a time when the total closed value in Solana (TVL) increased in the fourth quarter of 2024, which enhances its second largest Blockchain by TVL. According to the last Messenger report, TVL of Solana grew by 64 %, a quarter of a quarter (QOQ) and 486 % on an annual basis (YOY) to $ 8.6 billion, exceeding TRX (TRX) in November.
This rapid expansion was driven by decentralized financing (Defi), liquid tricks, NFTS, and increased institutional participation. Defi’s growth was Raydium, the largest decentralized exchange in Solana (DeX), which saw an 86 % increase of QOQ in TVL and secured 24 % of the network share for the network. The increase in Raydium dominance is largely due to speculative trading in Meme coins and AI’s encryption assets.
The price of Solana is separated from the Habboudi channel, and the eyes are $ 300
Sol fluctuated between a height of $ 205.97 and the lowest level in 195.85 dollars, indicating a moderate range during the day. The chart features major technical indicators, including Luxalgo trend lines with dividers and relative power index (RSI), both of which provide an insight into possible price movements.
A rewarding curve was previously noticed, prompting the price of Solana to the top from October to December 2024 before reaching a peak between $ 290 to $ 300. However, this bullish trend followed a declining channel, causing a corrective phase that lasted until early February 2025. In addition, a double -bottom pattern near the support zone formed $ 190, which enhances the expectations of upward reflection.
Solusdt analysis: Tradingview
It was a $ 190 level as a decisive ground, which prevents more declines. If this support continues, the main resistance levels that must be seen are $ 225, followed by $ 275 to 284 dollars, and eventually $ 300 if the upward trend continues. On the downside, if $ 190 fails to keep it, Sol may decrease about $ 175 or even $ 150, which is in line with the previous equivalent support.
RSI is currently at 45.38, indicating the neutral momentum to a little decline. However, it recovers from the excessive sale conditions, which are in line with the recent upscale penetration. The ongoing batch exceeding $ 225 to $ 230 would confirm strength and increase the possibility of testing higher resistance levels.
The last collapse of the Habboudian channel, along with the dual configuration, indicates a strong possibility of more upward trend. However, 225 dollars to 230 dollars remain a major resistance area, and a break over it will confirm an upward continuation. On the contrary, failure to obtain $ 190 support can lead to another decline.
The new Solana Layer 2 project disrupts about 20 million dollars in pre -walking – Crypto Next Bang?
With the facilitation of a potential swallow, Solana Layer 2 Meme Coin Solaxy (SOLX) continues to flourish in a period before it, raising more than $ 19.2 million in financing so far.
The Solana network is struggling due to the high demand for the SOL MEME coins, which leads to congestion on the popular Mainnet. If nothing changes soon, the Solana series may face another interruption.
The benefits of Solaxy can bring a tear to your eyes …$ Solx Strongly strike! 🛸🪐 pic.twitter.com/yquijimnys9
– Solaxy 𝕏 (SolaxyToken_ht). February 7, 2025
Solaxy aims to prevent another interruption of Solana Blockchain with Sidechain Class 2, designed to reduce the arithmetic load on the main network of Solana. By processing, collecting transactions outside the chain, and providing them with the Solana 1 layer to verify health, Solaxy enhances network efficiency, reduces transaction fees, increases productivity, making it a promising solution to expansion.
An analyst of Crypto YouTube Channel 99bitcoins predicts, with more than 724 km, that Solx can rise 100x after launch.
Currently, the SOLX code is sold for $ 0.00163 and can be purchased using Crypto or Bank Card through a purchase tool on the project site. Investors interested in the negative Crypto rewards can also join the project’s Stokeing program, which currently provides impressive annual returns by 212 %.
However, investors looking to buy distinctive SOLX codes at a pre -pre -pre -pre -wanted price will want to act quickly, because price rise is to be made during the next 18 hours.
Buy SOLX codes here before the next price.
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