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Solana Price bounced and exceeded an important level of resistance to $ 150 as meme coins in her jump into the ecosystem. He also grew up because his stable cap in the market jumped to a record high level.
Solana (salt) rose to $ 153 on Saturday, the highest level of March 3, and 60% above the lowest level this year. That recovery pushed his market limit to almost $ 80 billion.
Solan’s set happened as investors returned to meme coins in their ecosystem, increasing their market capitalization to $ 10 billion, an increase of $ 4 billion from the lowest level this month.
Most Solana Meme coins have grown, and the official Trump (Trump), Bonk (Bonk (Bonk), Dogwifhat (WIF) and Pudgy Ponguins has been jumping by over 60% in the last seven days. Three of his Coin Meme – Trump, Bonk and Fartcoin – raised a market border of over $ 1 billion.
Most of these meme coins inspired Fartcoin, a popular meme coin that jumped by almost 500% from its monthly falls. Rally also accelerated after Trump called on the main investors of his meme coin for dinner in May.
Solana Meme’s rise coins have benefited from decentralized exchange in their ecosystem. These Dex platforms, such as Raydium and Orca, have been processing more than $ 17 billion in the last seven days.
Furthermore, the market limit of all stable hair of the Solan ecosystem jumped on a record maximum of $ 13.1 billion. Also, the number of active addresses on the Solana network jumped to 3.1 million.
Technical analysis of the price of salt
The daily chart shows that the salt price reduced $ 95.27 earlier this month because the concern has jumped in his ecosystem. He bounced and moved above the level of key resistance at $ 121.17, which is the lowest since September last year.
He formed a reverse head and shoulder pattern, a popular bull’s sign. He also moved above the 50-day moving average. In addition, oscillators such as the relative strength index and MacD continued to grow.
He also skipped the renunciation level of 23.6% fibonaccia. Therefore, the coin will continue to grow because the bulls are aiming for a key psychological level at $ 200. This goal is about 32% above the current level.
