Altcoin Solana (left) fell to $ 171 after a short -term test of $ 180 on May 13th. However, in -chain data and the increase in non -decentralized application (DApp) revenues reinforces expectations that Altcoin may rise again. Solana’s network performance and many other projects, combined with positive signals in technical indicators attracts the attention of investors. Ethereum, especially in weekly weekly Dapp revenues $2,484.35It is noteworthy that it leaves behind and increases open positions in futures.
Signs of the technical indicators for solana
The left price, after approaching the resistance line of the rising channel, fell with sales pressure, but managed to maintain the middle line support. According to this dynamic technical analysts, it can pave the way for a upward movement. The 20 -day exponential moving average and the 200 -day average is interpreted as the “gold intersection” signal. If this signal occurs, the price is expected to target the $ 177 and then the $ 296 historical summit.
The fact that the RSI indicator remains at the level of 69 indicates that buyers are still active. The fact that the indicator does not enter the excessive purchase zone (over 70) means that the price may rise at a more balanced pace. In addition to technical data, market participants emphasize that the healing in the basic indicators of the network supports the left.
Network performance and investor’s focus
Solana, as of the last week, the revenue from the Dapps left behind its opponents. According to fashion show data, Solana’s income exceeding $ 50 million per week constituted 51.6 percent of the total market. Compared to Ethereum’s share of 14.23 percent, this difference reveals Solana’s weight in the centralized finance (defi) ecosystem.
Dappradar’s data shows that the weekly trading volume on Solana Blockchain increased by 50 percent to 1.61 billion dollars and the number of transactions reached 138 million. This performance of the network increases the confidence of investors, while the increase in confidence makes the impact on the futures markets. Open positions have increased to the highest level since January with $ 6.92 billion. This increase reflects the belief that the investors will rise above $ 200 in the coming period.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
