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

Solana Price: Unexpected Rise and Prospects with Solaxy

user avatar

by Giorgi Kostiuk

3 months ago


The Solana price has shown an increase of more than 2% in the last 24 hours. However, it remains down by more than 6% for the week, despite recent signs of revival.

Current Solana Price Dynamics

A negative price channel has formed on the Solana daily chart, following a series of lower highs and lows over the past couple of weeks. Should this trend continue, the price may reach its immediate support level at $174.93. A break below could lead to a drop to $158.13. Conversely, if Solana breaks above the $194.41 resistance, it may rise further to the $222.62 barrier.

Technical Analysis and Prospects

The technical indicators on Solana's daily chart are presenting mixed signals. The RSI is showing neutral readings below the 50 mark, indicating potential shifts in buyer and seller power. Meanwhile, the MACD displays a bearish pattern with minimal negative histogram values, suggesting possible weakening of bearish momentum.

Solaxy: Bringing Innovations to Solana

Solaxy is the first layer-2 project for the Solana network, aimed at reducing infrastructure load. It will aid in processing transactions and reduce Solana's current low fees. Furthermore, Solaxy plans to connect Solana and Ethereum, creating an enhanced Web3 ecosystem by combining Solana’s speed with Ethereum's security.

The current situation with Solana shows that despite short-term price fluctuations, technologies and projects like Solaxy have the potential for significant impact on the network and its users.

0

Share

Other news

How Small Investments in XRP, MAGACOINFINANCE and ADA Could Lead to Big Results

The article reviews promising tokens XRP, MAGACOINFINANCE and ADA, as well as stable projects TON, LINK and XLM in the cryptocurrency market.

user avatarGiorgi Kostiuk

20 minutes ago

Pi Coin: Current Situation and Price Forecast for April 5

The article examines the latest price fluctuations of Pi Coin and potential scenarios for market developments.

user avatarGiorgi Kostiuk

21 minutes ago

Euro's Dramatic Rise Amid Dollar Weakness: What to Expect Next?

The euro surged 2.15% in one session, signaling a loss of confidence in the dollar. Analyzing the reasons and possible consequences.

user avatarGiorgi Kostiuk

22 minutes ago

Bitcoin Shows Resilience Amid U.S. Market Downturn

Bitcoin prices surged as the U.S. stock market faced a downturn, highlighting its status as an alternative asset.

user avatarGiorgi Kostiuk

32 minutes ago

Plushie AI: An Interactive AI Companion with PLSH Token and Unique Features

Plushie AI is an exciting project featuring an interactive AI companion, earning opportunities with PLSH tokens, and future plans for ecosystem expansion.

user avatarGiorgi Kostiuk

43 minutes ago

XRP Prices Increase 12% Amidst US-China Trade Tariffs

XRP prices surge by 12% due to China's tariffs on the US and market volatility.

user avatarGiorgi Kostiuk

44 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.