Sunday, June 8, 2025
cryptonews100
No Result
View All Result
CryptoNews100
No Result
View All Result
Home Alt Coins Solana

Solana at Crucial Support: On-Chain Metrics Signal Bullish Momentum Despite Price Dip

cryptonews100_tggfrn by cryptonews100_tggfrn
May 19, 2025
in Solana
0
Solana at Crucial Support: On-Chain Metrics Signal Bullish Momentum Despite Price Dip
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
Sign up an get up to $1000 USDT!

Related articles

Just 8 Days to Go in $45M Solana Presale: Is Solaxy the Next 1000x Crypto?

Just 8 Days to Go in $45M Solana Presale: Is Solaxy the Next 1000x Crypto?

June 8, 2025
DALPY Coin Emerges as Community-Driven Contender Amid Solana’s Presale Renaissance

DALPY Coin Emerges as Community-Driven Contender Amid Solana’s Presale Renaissance

June 8, 2025


Solana (SOL) is presently buying and selling round $165, down 1.8% prior to now 24 hours, but key on-chain metrics counsel a possible bullish reversal

Arslan Butt•Monday, Might 19, 2025•2 min learn
















Add an article to your Studying Checklist

Register now to have the ability to add articles to your studying checklist.

” aria-hidden=”true”>

Solana at Crucial Support: On-Chain Metrics Signal Bullish Momentum Despite Price Dip

Fast overview

  • Solana (SOL) is buying and selling at roughly $165, down 1.8% within the final 24 hours, however on-chain metrics point out a possible bullish reversal.
  • The community has seen a 20% enhance in software income, surpassing $1.2 billion, with meme cash contributing considerably to this development.
  • Technical evaluation reveals SOL testing the $166 help stage, with a possible breakout above $177.51 or $183.86 resulting in an increase in direction of $190-$200.
  • Crypto knowledgeable Inmortal predicts a rebound to an all-time excessive of $320 by July, contingent on sustaining help and growing buying and selling quantity.

Solana SOL/USD is presently buying and selling round $165, down 1.8% prior to now 24 hours, but key on-chain metrics counsel a possible bullish reversal forward. Glassnode knowledge signifies that following weeks of constant capital withdrawals, Solana’s realized cap is displaying indications of stability. With 4-5% development, SOL’s 30-day capital inflows are turning optimistic—akin to XRP—indicating contemporary investor optimism regardless of worth drop.

Solana at Crucial Support: On-Chain Metrics Signal Bullish Momentum Despite Price Dip
Solana worth evaluation

Solana’s extra transactions than all different blockchain methods taken collectively assist to corroborate this good view through community exercise. Based mostly on Nansen’s analysis, crypto specialist Curb.sol claims SOL now boasts extra lively pockets addresses than any rival community. Solana exceeded all rivals in revenue producing throughout Q1 2025, therefore its superiority just isn’t new.

Solana dApp Income Soars to $1.2 Billion as Meme Cash Flourish

With complete software income surpassing $1.2 billion—a 20% enhance from the $970.5 million earlier quarter—Solana’s ecosystem recorded its highest 12-month efficiency in Q1 2025. January by itself accounted for about 60% of this entire sum.

Main the race with $257 million in revenue, Meme Coin Launchpad Pump; adopted by the Phantom pockets with $164 million. With initiatives like $Trump, $Bonk, and $FARTCOIN seeing substantial will increase, meme currencies’ ongoing success on Solana defies tales implying their fall-off.

SOL/USD Technical Evaluation: Decisive Transfer Anticipated After Double Help Check

SOL/USD

 

Solana’s worth motion exposes a key technical setup growing across the $166 help stage. Following a rising to about $183 on Might 14, SOL has twice examined the $166 vary with constant help. Sturdy optimistic candles round this worth level present vital buy demand.

Sol is up simply 0.70% on the day, buying and selling presently between $169 and 171. Commerce Metropolis Professional’s examine suggests {that a} breakout over both $177.51 or $183.86 will most likely set off a big rise towards the $190-$200 vary. Failure to maintain the $166 help, nonetheless, may trigger a retreat towards $142.25.

Solana Price Prediction: Potential All-Time Excessive by July

Crypto knowledgeable Inmortal remains to be optimistic about Solana’s medium-term future even with the current consolidation. With “$180 as the road within the sand, but it surely gained’t take lengthy to get by way of it,” the analyst says SOL will momentarily stabilize earlier than beginning a rebound to a brand new document excessive of $320 in July. Then $320.

This optimistic forecast matches growing software revenue and higher on-chain indicators. Solana’s 24-hour trading volume, in the meantime, has dropped to $2.3 billion—a 36.15% drop from previous ranges—suggesting warning within the close to future.

Solana remains to be at a crossroads for now, gathering above the essential $166 help. Whether or not bulls can successfully defend this stage and create sufficient quantity to problem the higher resistance vary between $177 and $183 will most likely decide the subsequent directional motion of the market and possibly set the stage for the notable surge many analysts mission within the subsequent months.

Arslan Butt

Index & Commodity Analyst

Arslan Butt serves because the Lead Commodities and Indices Analyst, bringing a wealth of experience to the sector. With an MBA in Behavioral Finance and lively progress in direction of a Ph.D., Arslan possesses a deep understanding of market dynamics.

His skilled journey features a vital function as a senior analyst at a number one brokerage agency, complementing his intensive expertise as a market analyst and day dealer. Adept in educating others, Arslan has a commendable observe document as an teacher and public speaker.

His incisive analyses, significantly inside the realms of cryptocurrency and foreign exchange markets, are showcased throughout esteemed monetary publications akin to ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his status within the monetary group.

Associated Articles





Source link

Tags: bullishcrucialdipmetricsmomentumonchainpriceSignalSolanasupport
Share76Tweet47
Drive and walk to earn crypto!

Related Posts

Just 8 Days to Go in $45M Solana Presale: Is Solaxy the Next 1000x Crypto?

Just 8 Days to Go in $45M Solana Presale: Is Solaxy the Next 1000x Crypto?

by cryptonews100_tggfrn
June 8, 2025
0

Disclaimer: It is a Press Launch offered by a 3rd occasion who's chargeable for the content material. Please conduct your...

DALPY Coin Emerges as Community-Driven Contender Amid Solana’s Presale Renaissance

DALPY Coin Emerges as Community-Driven Contender Amid Solana’s Presale Renaissance

by cryptonews100_tggfrn
June 8, 2025
0

Sea otter-themed memecoin builds natural following as Pump.enjoyable token rumors reshape Solana ecosystem The Solana memecoin panorama is experiencing a...

$1 Target in Sight: Unstaked Presale Hits $9.2 Million as Solana Weakens and AAVE Builds Again

$1 Target in Sight: Unstaked Presale Hits $9.2 Million as Solana Weakens and AAVE Builds Again

by cryptonews100_tggfrn
June 8, 2025
0

Disclaimer: It is a Press Launch supplied by a 3rd get together who's answerable for the content material. Please conduct...

Ethereum Nears All-Time Highs Ahead of Solana: Trading Analysis and Crypto Market Impact | Flash News Detail

by cryptonews100_tggfrn
June 7, 2025
0

In a current remark circulating on social media, a notable crypto dealer identified a shocking disparity within the efficiency of...

Top Solana Meme Coins to Watch in June – 10x to 100x Potential Picks

Top Solana Meme Coins to Watch in June – 10x to 100x Potential Picks

by cryptonews100_tggfrn
June 7, 2025
0

The cryptocurrency market is exhibiting indicators of motion as June unfolds, with a number of Solana-based meme cash standing out...

Load More

Crypto Fear & Greed Index

Latest Crypto Fear & Greed Index

Recent News

Trump’s love affair with crypto

Trump’s love affair with crypto

June 8, 2025
Ethereum Exchange Supply Drops to 2015 Levels

Ethereum Faces $2,200 Risk Despite Parabolic On-Chain Activity

June 8, 2025

Bitcoin Leveraged Traders Are Back Betting On A Price Decline — What This Means — TradingView News

June 8, 2025

Categories

  • Bitcoin
  • Cardano
  • Chainlink
  • Cryptocurrency
  • Dogecoin
  • Elon Musk
  • Ethereum
  • Exchanges
  • Litecoin
  • Pokadot
  • Polygon
  • Real World Assets
  • Shiba Inu
  • Solana
  • sui
  • World Liberty Financial
  • XRP

Download the official CryptoNews100 Android App! Click the button below:

Tags

ADA (56) Bitcoin (163) BTC (51) Buy (68) Cardano (83) ChainLink (56) coin (33) crypto (236) Cryptocurrency (68) Detail (44) DOGE (48) Dogecoin (73) ETF (39) ETH (51) Ethereum (99) finance (27) flash (45) gains (25) hits (26) Inu (59) launches (27) Link (34) market (55) million (25) News (109) Polkadot (51) POLYGON (32) prediction (44) Presale (27) price (156) rally (35) RWA (41) SEC (25) SHIB (32) Shiba (63) SOL (48) Solana (96) Sui (71) Surge (26) top (62) trading (30) TradingView (31) Trump (62) world (25) XRP (123)

© 2023 Crypto News100 All Rights Reserved.
By visiting this website, you understand that the content provided within is for educational and entertainment purposes only. Nothing on this site may be constituted as financial advice and this site is not directing you to make any investments in cryptocurrency or in anything else. Thank you for visiting and please proceed responsibly.
As an Amazon Associate I earn from qualifying purchases.

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Alt Coins
    • Cardano
    • Dogecoin
    • Litecoin
    • Pokadot
    • Polygon
    • Shiba Inu
    • Solana
    • XRP
  • Crypto Related DEALS

© 2023 Crypto News100 All Rights Reserved.
By visiting this website, you understand that the content provided within is for educational and entertainment purposes only. Nothing on this site may be constituted as financial advice and this site is not directing you to make any investments in cryptocurrency or in anything else. Thank you for visiting and please proceed responsibly.
As an Amazon Associate I earn from qualifying purchases.