Key notes
- The daily soil trading volume jumped 70%, signaling a renewal of market interest.
- The total value locked over Solana increased 4.26% to $ 9.53 billion.
- The analyst sees a potential evolution around $ 210 in an upward price channel.
Solara
GROUND
$ 150.7
24h volatility:
2.6%
COURTIC CAPESSION:
$ 78.04 B
Flight. 24 hours:
$ 3.80 B
has become one of the best performers in the past 24 hours, the cryptocurrency climbing 7% to exchange around $ 178.70. The sixth cryptocurrency by market capitalization also experienced a 70% increase in its negotiation volume 24 hours a day.
This price movement aligns with an increase of 4.4% of the wider market of cryptocurrencies, pushing total market capitalization greater than 3.5 billions of dollars.
Recent data on the Glassnod chain show a clear increase in the use of the Solana network, with active wallet addresses regularly during last week.
Plius, during the last day, the network recorded an increase of 4.26% in its total locked value (TVL), currently at $ 9.53 billion.
Meanwhile, the soil outings of the exchanges have accelerated: the holders withdrew more than $ 16 million in ground this week, after 107 million dollars in withdrawals last week. Historically, large outings suggest that investors are preparing for new price gains by moving to the self-care.
Sol Price Perspectives
Analyst Ali Martinez observed that soil has been negotiating in a clear ascending channel since May 12. He suggested that cryptocurrency could test the upper limit of the canal nearly $ 210 soon.
#Solana $ Soil seems ready to target the upper limit of this channel, with $ 210 in sight! pic.twitter.com/iido4vthxz
– Ali (@ali_charts) May 22, 2025
The popular crypto trader Jelle also echoes the bullish feeling on X. He predicted that once soil would erase the resistance level of $ 250, it would exceed $ 400.
It’s a good thing that I still have a bunch of $ Soil.
Once he has erased $ 250, I doubt he stops before he reaches $ 400 at $ 500.
All the weak hands have been shaken.
It is time to harvest the awards. pic.twitter.com/fw1edqua6r
– Jelle (@cryptojellenl) May 22, 2025
On the daily ground graph, Price is approaching the upper Bollinger strip, indicating a sustained upward trend. The intermediary band (20-day SMA) around $ 165 offers immediate support for cryptocurrency.
The key resistance is nearly $ 190 at the Bollinger upper border, followed by $ 210 as indicated by an upward channel model on the graph at four o’clock.
Sol Price Tableau with RSI and Bollinger Bands | Source: Commercial view
The RSI climbed in the mid -1960s, reflecting the bullish feeling. There remains a lot of room for a movement upwards before a corrective withdrawal.
Meanwhile, the MacD is due to a bullish crossing, while the histogram bars are currently in red. However, the weakening bars confirm an increasing uptime impulse for soil.
Sol Price Tableau with MacD | Source: Commercial view
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The presale Solaxy ($ solx) warms up while soil bursts
While Solana continues to be a major player in cryptographic space, Solaxy ($ solx) appears to be an innovative blockchain solution designed to considerably increase the performance and scalability of the Solana network.
Solaxy is developed to meet common challenges such as network congestion, scalability limitations and the lack of reliability of transactions. These problems generally occur during periods of high network activity.
Solaxy aims to reduce congestion and stranded transactions by treating transactions outside the chain and consolidating them by optimized lots, with a final payment on the Solana maint.
Solx and Tokenomic presale
The team leads a presale for the native token of the project, Solx, to support the first investors. Solaxy currently offers an attractive APY of 103% to holders for the implementation of their participations.
Details of Solaxy’s presale:
- Token price: $ 0.001732
- Secure funds: $ 39.1 million
- Accepted payment methods: Crypto, card
- Teleprinter: Solx
After the presale, the Solx token will be deployed on several channels. This would allow participants in presale to fill their tokens towards the Solaxy Layer 2 blockchain. The token will be available for exchanges on centralized and decentralized scholarships.
For investors looking for long -term projects built on Solana, Solaxy is an excellent option.
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Cryptographic journalist with more than 5 years of experience in the industry, Parth has worked with the main media in the world of crypto and finance, the collection of experience and expertise in space after having survived bear markets and bulls over the years. STHTH is also an author of 4 self-published books.
Parth Dubey on LinkedIn
