MAIN CONCLUSIONS:
- Solana’s price broke through the fallen wedge formation, rising 50% of the demand level of $ 100.
- Above $ 20 million in short positions they closed as Sol increased more than $ 152 strongly.
- The next resistance objectives are $ 205, $ 263 and $ 296, according to Lucky’s upward trends table.
Analyst shows a critical fall wedge break
Lucky cryptographic expert detected A wedge configuration that falls that had pressed the movement of the Solana price market since the end of 2024. This configuration, commonly a sign of an upward change, increased above $ 100 and was followed by a powerful price movement. In just a few days, Altcoin crossed $ 150, confirming the trend.
Lucky’s Roadmap, launched on April 23, established a short -term objective of $ 180 and predicted higher objectives of $ 205, $ 263 and $ 296. The break was backed by a double bottom pattern, with Solana closing above the resistance of $ 147. Now, this level serves as an important support.
Short compression accelerates the increase in solana prices
In addition, a SolanaFloor report revealed above $ 20 million in short liquidations in the last 24 hours. As Solana prices increased to $ 152, these holdings were closed under pressure. That added purchase pressure and made the increase.
It is important to highlight that the settlements reduce the number of merchants that make up prices changes. This helped create a brief presentation, allowing the sun to approach higher resistance levels more easily.
According to Coinmarketcap, at the time of reporting, the price of Solana was quoted to around $ 151.82, increasing 8.6% in the last 24 hours. The negotiation volume and market volatility remained high.
MEME COINS RALLY Strengthens the bullish perspective
The current Increase in Solana has also been driven by a rapid increase in meme coins assessments within its network. Solana meme coins have increased by 23% in the total market value in the last 24 hours, increasing up to $ 8.7 billion.
Bonk and Wif rose to fame as the best chips with their daily impulse rates of more than 20%.
Although Altcoins are rising in price, there are still legal problems. On April 21, a new complaint was filed against Meteora, a decentralized exchange with headquarters in Solana. The people who demand claim that Meteora was executing a bomb scam and fall with the Token M3M3, cheating the investors of $ 69 million.
Although the price of M3M3 is 98% lower than its highest point, the legal attention that it received to investors again in the other Tokens of Solana memes.
The data in the chain confirm strong growth in the Solana ecosystem
Significantly, the price of Solana has observed an increase in activity in the chain. According to the defillage report, the general value insured in the ecosystem has increased by $ 500 million in the last 48 hours. He has reached its two -month peak. At the same time, decentralized exchange volumes in Solana increased to $ 2.94 billion.
The growth in the chain occurred along with more activity in memes tokens and a greater use of defi. These trends show that investors are increasingly sure to use the solar block chain for assets and trade.
On the other hand, resistance areas at the time of reporting reports were quoted at $ 180, as indicated by the double boat projection. In addition, Lucky’s technical study detected $ 205, $ 263 and $ 296 as the next resistance areas.
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Discharge of responsibility: In Bitcoinik.com we present the most recent information in the encryption market. However, this information should not be considered as financial advice, and viewers must consult their financial advisors before investing.
