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

Solana: Traders Target $200 with Aggressive Positions

user avatar

by Giorgi Kostiuk

13 hours ago


The trading activity surrounding the cryptocurrency Solana has significantly increased, drawing the attention of large traders who are opening aggressive positions. With recent bullish bets, Solana is nearing critical resistance levels.

Solana Market and Current Status

A recent large position in perpetual futures valued at over $12 million indicates strong bullish interest. The current SOL price fluctuates around $160, creating consolidation below critical moving averages.

Forecasts and Resistance Levels

Solana faces several resistance levels, starting at $175, which has previously proven difficult to breach. Traders expect that if this level is surpassed, SOL could continue to rise; however, strong selling pressure could also impact the market.

Conclusion: Future Prospects for Solana

The trading situation around Solana is becoming critical. If trader and investor interest remains high, SOL may reach new heights. However, any rejection around the $200 level could lead to a sharp decline in positions.

Solana is experiencing a period of increased market activity, and the next few weeks may be pivotal for future price movement. Investors should closely monitor resistance levels and market dynamics.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Price Prediction for Cardano and Success of Qubetics in 2023

chest

Cardano shows stable growth, while Qubetics demonstrates high potential with unique technology and significant gains.

user avatarGiorgi Kostiuk

Massive $88.5M BTC Short Liquidated on HTX

chest

An unknown trader lost $88.5M due to a liquidation of a short position on HTX, highlighting the risks of leveraged trading.

user avatarGiorgi Kostiuk

Robinhood Introduces Staking for ETH and SOL: New Options for Users

chest

Robinhood offers staking services for Ethereum and Solana with a minimum stake of $1 for US users.

user avatarGiorgi Kostiuk

Germany's Bitcoin Sale: Results and Impact

chest

Germany sold 50,000 Bitcoin, resulting in a $3.1 billion loss. This led to price fluctuations and speculation about the government’s trading strategy.

user avatarGiorgi Kostiuk

Trend Research Reports Significant Gains from Ethereum Investments

chest

Trend Research announced a $66.08 million profit from its Ethereum investments, highlighting institutional investor confidence.

user avatarGiorgi Kostiuk

Ethereum Overtakes Bitcoin in Futures Trading: Key Factors and Predictions

chest

On July 10, Ethereum futures reached $62.1 billion, surpassing Bitcoin’s $61.7 billion. Insights into the reasons and implications of this shift.

user avatarGiorgi Kostiuk
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.