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💰 Current price and market indicators
SOL price: around $144.17–$148.03 USD
Market capitalization: approximately $74.89 billion
24-hour trading volume: about $1.84 billion
Circulating supply: over 518 million SOL
📈 Technical analysis and forecasts
Cup and handle pattern: Analysts note the formation of this bullish pattern on the weekly SOL chart, which could potentially lead to a price increase to $4,500, although specific timelines are not provided.
Short-term targets: Some forecasts indicate a potential achievement of levels $200–$250, provided that key resistance levels are broken.
Long-term expectations: There is discussion about the potential to reach a price of $1,000 or even $4,500, but these forecasts are based on technical indicators and do not have confirmed timelines.
🔧 Network updates and security
Fixing a critical vulnerability: Solana developers released an important update that eliminates a critical vulnerability in Token-2022 and ZK ElGamal Proof programs, contributing to increased network security.
🌐 Activity in the ecosystem
Trading volume on decentralized exchanges (DEX): Solana outperformed Ethereum in DEX trading volume, reaching $19.36 billion in a week, indicating growing activity in the network.
Popularity of meme coins: Solana is becoming an attractive platform for launching meme coins due to low fees and high transaction speeds.
🐋 Movements of large investors
Movement of $51 million SOL: One large investor ('whale') transferred SOL worth $51 million to the Kraken exchange, which may indicate preparation for significant trading operations or market changes.
🧠 Conclusions
Solana demonstrates stability and increasing activity in both technical and fundamental aspects. Rising trading volumes, activity in DeFi and NFT sectors, as well as technical patterns indicate potential for further growth. However, investors should closely monitor market conditions and network updates.