A breakthrough of the cost of SOLANA above $ 198 and the activity of Defi investors can push altcoin to levels of $ 250 and above, suggests cryptoanalyst Mikhai Lacob.
The expert said that the technical analysis data demonstrate the formation of the double bottom pattern on the weekly SOLANA schedule, and indicators of the activity of traders and the growth of trading volumes indicate the potential for further growth of the asset to $ 218–250, which can signal the bull -rotation of trend. In particular, the activity in the decentralized finance sector (Defi) on the SOLANA blockchain increased by 44%, which demonstrates increased interest of investors.
“While the daytime closure is kept above $ 190, Solana retains a hard bull mood. A level of $ 207 can open a way to $ 250, and in the medium term, possibly to $ 300, ”Lakob said.
His conclusions about the possible ascending rally altcoin are shared by the technical analyst Karl Moon, who noted that the price of SOLANA has already reached previous resistance goals and a new target breakthrough zone may be in the range of $ 262 per coin.
Against this background, cryptocurrency derivatives also demonstrate optimism, since traders increase long positions in Solana, expecting further growth of the asset. For example, according to Bloomberg, three companies – the Galaxy Digital, Multicoin Capital and Jump Crypto – intend to create a joint treasury company and have begun negotiations with potential sponsors about attracting approximately $ 1 billion for the management of the Cantor Fitzgerald investment group.
Earlier, Messari experts reported that since the beginning of the year, SOLANA capitalization increased by 29.8% and reached $ 82.8 billion, and the volume of blocked funds increased by 30.4% to $ 8.6 billion.
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Source: Cryptocurrency
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