The Crypto Could Soon Explode!

The SOL crypto of Solana could experience a prosperous period very soon. Recent technical analyses and market movements suggest a positive evolution for this crypto. These signs of imminent growth should be closely monitored, as they could herald a new era of prosperity for Solana.

Strong technical supports for Solana’s SOL crypto

The price of Solana currently benefits from crucial technical support. The 100-day EMA serves as an important support, indicating a lasting bullish trend. Additionally, the Ichimoku Cloud, a key indicator, confirms this positive trend. Critical support levels are located between $158 and $151, providing a solid base for investors. These support levels demonstrate the resilience of the SOL crypto price against market fluctuations, suggesting medium-term stability.

In terms of resistances, the crypto faces key levels at $177.38 and $186.38. These levels represent potential selling points where selling pressure could increase. However, if the SOL crypto manages to surpass these resistances, it could trigger a new wave of buying, propelling the price even higher. Current technical indicators support an optimistic outlook, reinforced by the increasing adoption of the Solana network and growing investor confidence. These factors combined place Solana in a favorable position for continued growth.

Increase in active wallets

The announced growth for the Solana ecosystem is also based on the increase in the number of active wallets. In one month, this number rose from 700,000 to 1.1 million, signaling growing adoption of the blockchain. This increase attests to the interest and trust of users in Solana’s ability to provide fast and reliable blockchain infrastructure. The increase in active wallets is a key indicator of the network’s health and vitality, highlighting increased use of decentralized applications (dApps) on Solana.

In parallel, the number of new token accounts on Solana has also increased significantly. In June, this figure almost reached 3.6 million, marking a notable upward trend. This growth reflects the continued expansion of the Solana ecosystem. More and more projects and developers are choosing this blockchain to launch their tokens and applications. These positive developments signal increased adoption and diversified use of the platform, positioning Solana as a major player in the blockchain space.

Technical analysis and network growth place Solana in a favorable position for the future. The increase in users and projects on the blockchain attests to its robustness and appeal. The prospects are promising, with growth opportunities supported by increased adoption and investor confidence.

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Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d’une certification consultant blockchain délivrée par Alyra, j’ai rejoint l’aventure Cointribune en 2019.
Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l’économie, j’ai pris l’engagement de sensibiliser et d’informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu’elle offre. Je m’efforce chaque jour de fournir une analyse objective de l’actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.