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

What’s Driving the Soaring Solana Prices?

user avatar

by Giorgi Kostiuk

2 months ago


The cryptocurrency Solana has seen a 19% price increase over the past day, hitting a record high due to rising trading volumes and interest in the meme coin $TRUMP.

Current Solana Price Dynamics

The Solana (SOL) price is on a steady upward trajectory, forming a parabolic curve. This movement crosses above both the 200-day and 50-day simple moving averages. Currently, the RSI is above 70, indicating an overbought status for the asset. However, despite these high figures, the possibility of a correction remains.

Forecast: Can Solana Reach $300?

In the short term, Solana may face resistance around the $270-$275 zone. A breakthrough beyond this level could drive the price toward the significant psychological barrier of $300. Nonetheless, the overbought condition and parabolic move pose a risk of retracement, especially with potential retests of support levels at $220-$230.

Solaxy Presale Gains Traction

The ongoing presale of the new token Solaxy (SOLX) has gained significant attention, surpassing $11.5 million in early funding. Solaxy aims to tackle Solana's congestion problems by implementing features such as transaction bundling and off-chain processing.

Solana continues to capture investor attention with significant price growth and the development of the new Solaxy token. It's crucial to monitor potential price corrections, which may offer entry points for future investments.

0

Share

Other news

Arctic Pablo Coin: Leading Meme Coin of 2025

Arctic Pablo Coin ($APC) is a promising meme coin with a unique narrative. We explore its potential and compare it to SPX6900.

user avatarGiorgi Kostiuk

a few seconds ago

AI Brings Back Voice to Paralysis Patient After Stroke

AI restores speech to paralyzed patient, creating new avenues in medicine and communication.

user avatarGiorgi Kostiuk

a few seconds ago

Brain implants by Neuralink seek global trial participants

Elon Musk seeks quadriplegic patients for testing its brain-computer interface.

user avatarGiorgi Kostiuk

a few seconds ago

Remittix: A New Hope for Ethereum and Polygon Investors in 2025

Remittix attracts attention with its utility, raising over $14.3 million in presale.

user avatarGiorgi Kostiuk

20 minutes ago

US Lawmakers Push SEC for Information on Trump-Linked Crypto Company

US lawmakers call for SEC transparency regarding transactions of a Trump-linked cryptocurrency firm.

user avatarGiorgi Kostiuk

20 minutes ago

Galaxy Digital Secures FCA Approval for UK Derivatives

Galaxy Digital expands in Europe with FCA approval, reflecting increasing demand for regulated digital asset services.

user avatarGiorgi Kostiuk

21 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.