Solana worth held regular this week because the variety of energetic addresses, transactions, charges, and decentralized trade quantity rose.
Solana (SOL) rose to $135 on Friday, up over 40% from its lowest degree this month, pushing its valuation to almost $70 billion.
The amount of belongings traded by Solana’s DEX protocols has continued rising this week. In response to DeFi Llama, the 24-hour quantity jumped to $2.27 billion, a lot greater than Ethereum’s (ETH) $1.52 billion. Its weekly quantity was $16.14 billion, additionally greater than Ethereum’s $12.36 billion and BSC’s $6.5 billion.
Nansen knowledge reveals that the variety of energetic addresses jumped by 17% within the final seven days to 29 million. In distinction, Tron had 5.9 million addresses, Ethereum had 1.86 million, and BSC had 4.9 million.
Further knowledge reveals that the variety of transactions processed by Solana elevated to 374 million. These transactions are greater than these on the opposite blockchains mixed. Solana’s community generated over $7.67 million in charges, up 42% from per week earlier.
Solana’s community additionally carried out effectively as some tokens in its ecosystem rose. Pudgy Penguins token jumped by 12% within the final seven days, whereas Popcat (POPCAT) has soared by 10%.
Solana has additionally gained after Janover, an American actual property know-how firm, continued buying the tokens. It bought SOL price $10 million, bringing its whole holdings to $21 million.
Solana worth technical evaluation
The each day chart signifies that the SOL worth bottomed at $94.65 earlier this month and subsequently rebounded to $135. It has moved above the important thing assist at $120, which it failed to interrupt beneath a number of instances since 2024.
The MACD and the Relative Power Index have continued to rise. The RSI has moved above the impartial level at 50, whereas the MACD is about to cross the zero line. These oscillators recommend extra good points forward, doubtlessly to the psychological degree at $150, up 12% from the present worth.
From there, the value could bounce again to the important thing resistance degree at $170—the bottom level in January. A drop beneath the assist at $120 would invalidate the bullish outlook.
