- The Solana network has faced significant competition from other L1 channels, but an imminent crypto summer has triggered optimism.
- The chain data show that the number of non -zero soil addresses has recently reached a new summit of all time.
The Solana price (Sol) has resumed the bullish momentum since the beginning of April 2025. The large capitalization Altcoin, with an entirely diluted assessment of approximately 99.8 billion dollars and an average volume 24 hours a day, around 6 billion dollars, formed higher and higher highs in the last seven weeks, thus pointing to an increased trend.
The ground rise of soil coincides with the rebound in the Bitcoin price over $ 100,000 in the middle of a planned reversal of the weekly BTC’e domination. In addition, the optimism of increasing cryptography promotes an alts-season season in the coming months, reinforced by the notable rebound of Ether against BTC.
Solana Network records mixed fundamentals
The Solana network remains a key player in the DEFI space, mainly in the same ecosystem. The growing adoption of solara based in Solana has contributed to increasing the non -zero soil address in the recent past. According to the analysis of Glassnode chain data, the number of Solana portfolios holding at least 0.1 soil has reached a new top of all time (ATH) of 11.16 million.
Meanwhile, the United States Securities and Exchange Commission (SEC) delayed its decision on the Solana ETF proposed by Vaneck on Monday for an additional revision and consultations.
Half-cross expectations for the ground price
After reaching a local goal of more than $ 174 in the past two weeks, the soil price has been trapped in a short -term correction. Within the period of one hour, Sol Price has formed a parallel symmetrical decline in recent days.
After the rebound in Monday soil price of the lower border of the symmetrical tendency of the fall, the ground price is positioned to reach the upper border in the coming days. A potential fence above the symmetrical drop trend will propel the resolution price to the next short-term objective of more than $ 200.
However, another correction, in the coming days, will probably pour the resolution price to the next significant level of support greater than $ 157.
