• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Solana on the Path to New Heights: Price Surpasses $200

user avatar

by Giorgi Kostiuk

3 months ago


Solana (SOL) price continues its upward trend, confirming the overall growing interest in cryptocurrencies. The current price has again climbed above $200, showing steady momentum.

Solana’s Price Momentum and Technical Indicators

Currently, Solana exhibits strong momentum as indicated by the TD Sequential indicator, which gives a bullish signal. The price, while facing resistance at $215, may move to $220 if the upward trend continues. Key support levels are noted at $200 and $190 in case of a pullback. The RSI indicator reads 66, signifying bullish momentum.

Solana Surpasses Ethereum in DEX Volume

Solana hosts higher decentralized exchange (DEX) trading volume than Ethereum, highlighting the platform’s scalability and efficiency. The network's popularity grows due to fast transaction processing and low costs, appealing to both users and developers. This activity strengthens the network’s adoption and positively impacts growth forecasts.

Speculation Around Solana ETF and Market Dynamics

Speculation about a possible Solana-based ETF raises interest among investors, despite no official announcement. The widespread discussion shows investor optimism about the blockchain. Recent claims of large BTC-ETH transactions involving Trump-connected entities via blockchain add to market intrigue. At press time, Solana was valued at $208.92, rising 6.42% in 24 hours.

Given the current market situation and technical indicators, Solana continues to show robust growth. Plans for a potential ETF and expanding platform use provide an optimistic outlook for the cryptocurrency in the near future.

0

Share

Other news

How the Energy Crisis is Shaping Bitcoin Mining in 2025

In 2025, rising electricity prices reshape the Bitcoin mining landscape, creating demand for cloud solutions to reduce costs.

user avatarGiorgi Kostiuk

4 minutes ago

Strategic Cooperation Between Kyrgyzstan and Changpeng Zhao to Develop Blockchain

Kyrgyzstan has signed a Memorandum of Understanding with Changpeng Zhao to develop blockchain infrastructure and cryptocurrency.

user avatarGiorgi Kostiuk

6 minutes ago

China's Tax Policy Triggers Uncertainty in the Cryptocurrency Market

China's surprise 34% tariff on U.S. imports causes sharp declines in cryptocurrency values, including Bitcoin.

user avatarGiorgi Kostiuk

8 minutes ago

ChatGPT: Growth and Development of One of the Most Popular AI Chatbots

OpenAI's ChatGPT rapidly gains popularity with 300 million active users. We explore its journey and key updates.

user avatarGiorgi Kostiuk

8 minutes ago

XRPL Apex 2025 in Singapore: What to Expect from Ripple in June?

XRPL Apex 2025 will be held in Singapore from June 10 to 12, featuring important discussions and innovations in the blockchain ecosystem.

user avatarGiorgi Kostiuk

9 minutes ago

Innovative Web3 Companies: Top 15 in 2025

Explore the best Web3 companies of 2025, their impact, and innovations in the decentralized ecosystem.

user avatarGiorgi Kostiuk

9 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.