Solana's Price Surges by 5%, Placing it Highly on CoinMarketCap as Investors Rush for Solaxy Presale, Anticipating a 100X Exponential Growth
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🔥 Witness Solana's price climb 5% in the past 24 hours, now hovering at $171.80! 📈
The trading volume soared by 16% to $8.5 billion, propelling Solana to the top spot among trending cryptos on CoinMarketCap. The blockchain's fully diluted valuation surpassed $100 billion, marking a significant milestone.
Solana's Revved-Up Bull Run
Currently, Solana is evincing a robust bullish momentum after breaking through a persistent consolidation phase. The price action has formed a rounded bottom, which is typically a sign of accumulation and a shift from bearish to bullish sentiment. After bursting out of a horizontal resistance zone around $143.50, which had previously impeded multiple attempts at rallies, Solana is now trading at approximately $171.80 - above the former resistance zone, which could potentially offer support in case of a corrections.
Meanwhile, the 50-day Simple Moving Average (SMA), presently at $169.86, has reclaimed a strong position. This indicates a shift in short- to mid-term momentum. The 200-day SMA, currently at $140.29, remains below the current Solana price, demonstrating a bullish market structure.
Moreover, the Relative Strength Index (RSI) is presently at 59.36, revealing mounting buyer strength without overwhelmingly nearing overbought conditions. This suggests that there's still room for further upside before Solana becomes overbought.
SOL/USDT Chart Analysis
Solana's High-Octane Ascent
Given the confirmed breakout from the rounded bottom pattern, support above the 50- and 200-day SMAs, and bullish RSI conditions, the technical landscape suggests that Solana's price could surge towards the $199 area in the upcoming weeks, indicating a 15% surge from the current price. However, in case of corrective action, the price of Solana may briefly retest the breakout zone around $143.50.
Remember the hype around the Solana Layer-2 protocol presale, Solaxy (SOLX)? With more than 724k subscribers on YouTube channel 99Bitcoins, the community believes that SOLX might surge 100x once launched[4].
As Reimagined: Solaxy Presale Closes on $35 Million - the Next 100X Crypto?
While Solana has garnered a formidable reputation for its high-speed transactions and low fees, it has still faced challenges, such as network congestion and occasional downtime. Solaxy (SOLX) is designed to rectify these issues and boost Solana's performance and scalability. As a Layer-2 protocol constructed on Solana, SOLX aims to enhance scalability by processing transactions off-chain before committing them to the main network. This structure makes it especially suitable for DeFi, NFT, and GameFi applications that require high transaction throughput. It reduces the strain on Solana's mainnet.
The project's staking program also offers token holders an astounding 117% annual yield. With $34.2 million already raised through funding[4], the presale has been incredibly successful in 2025. Interested investors can visit the official Solaxy website to buy SOLX tokens for $0.00172 each using BNB, ETH, USDT, or a bank card. Hurry! Secure the best deal before prices increase in less than 2 days[4].
Visit SOLX here
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- Solana's bullish momentum, particularly evident in its 5% price increase over the past 24 hours and surpassing $100 billion in fully diluted valuation, has been witnessed on CoinMarketCap.
- desirable investment opportunities in Solana are being highlighted by its price action, including the potential surge towards the $199 area in the upcoming weeks, represented by a 15% increase from the current price.
- Solana's Technology, like the upcoming Solaxy (SOLX) Layer-2 protocol, is expected to address existing challenges faced by the blockchain, such as network congestion and occasional downtime, further boosting Solana's performance and scalability.
- The financial landscape, as it pertains to investing, is becoming increasingly dynamic, with technology playing a crucial role in shaping the future of finance, as exemplified by the evolution of cryptocurrencies like Solana.