Daily Solana Comments

[badsha0015]

Cardano’s technological growth trend presents an attractive picture for investors. The fast transaction capacity and the increasing number of projects due to the Hydra layer solution show that the network can be successful in the long term. Rumors of a possible collaboration with World Liberty Financial and ADA’s visibility in the DeFi ecosystem reinforce the positive trend. On the technical side, pricing above the 200-day EMA is considered a “bullish” signal. If this momentum continues, the price is likely to test $0.85. However, it is important to carefully monitor the resistances in consolidated price movements.

Solana (SOL) was trading at $139 at the beginning of the day, and gained momentum during the day, climbing to $143. It seems to have found strong support at $140 for now, but it should not be ignored that the price is stuck at resistance around $145. Among Solana's ecosystem moves that contribute to this rise, the increase in NFT and DEX transactions is noteworthy. The growth of projects such as PumpSwap and Whale.io in particular increases the use of the Solana network.

In a broader perspective, ETF applications for Solana and the interest of phone number library institutional investors are among the important factors feeding the price upwards. However, it is necessary to pay attention to the RSI approaching the overbought region in technical indicators. If the price consolidates at these levels, breaking $ 145 is critical for a new wave of increases. Conversely, a possible correction could test support levels below $ 140. Solana's mobile strategies and staking solutions are another important development that increases confidence in the ecosystem.