Solana (soil), a high-level layer 1 chain (L1) in the list of web3 projects carried out in the United States, recorded a 13% increase in the last 24 hours to exchange around $ 114 on Thursday, April 10 at the start of Western financial markets. Solana Price followed a wider crypto and a stock market recovery after US President Donald Trump announced a change in commercial wars.
“I authorized a 90 -day break and a substantially reduced reversal price during this period, by 10%, also immediately,” noted Trump.
Activity peaks from the Solana network
In recent weeks, the Solana network has recorded a significant drop in chain activity. However, the best developers DEFI on Solana’s ecosystem have set up their protocols – led by the reintroduction of pump streaming services. Fun – to attract new users worldwide.
According to data from the Defillama market, Solana’s volume of Solana led other layer chains one in the last 24 hours, after reaching $ 2.77 billion.
Like more fund managers, led by Fidelity, push the American sec to approve the Solana ETF, chain data show an increase in the activity of soil whales. For example, data on the chain provided by Lookonchain, a long -term whale, bought 32k soil in the last 24 hours.
Dead Cat bounced or rebounds again?
Sol Price followed the larger Altcoin market, led by Bitcoin (BTC), in the lower feeling since the second inauguration of Trump. The large capitalization Altcoin, with an entirely diluted assessment of around 69 billion dollars, formed a potential megaphone structure within the daily time.
After rebounding from a crucial level of support of around $ 105, the soil price is likely to form an inversion model in the coming days, in particular in preparation for the planned Altes-season of 2025.
According to the course of the American-Chinese trade war, the ground price is likely to find the level of support greater than $ 120 after the opening of the New York markets later during the day.
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Faq
Solana increased by 13% after Trump announced a 90 -day pricing break, stimulating cryptography and stock market feelings.
Yes, chain data shows a whale purchased 32K Sol in 24 hours, signaling a strong accumulation during the price increase.
If US trade tensions facilitate market facility and dynamics, SOL could recover $ 120 after opening the New York market.
