As of May 12, 2025, the Solana Name Service ($FIDA ) token is experiencing significant bullish momentum.
$FIDA has surged over 45% in the past 24 hours, reaching a high of $0.1171. This rally follows a recent dip to around $0.0663, which was attributed to the announcement of a new SNS token within the Solana ecosystem . The subsequent rebound suggests strong market interest and buying pressure.
The token's recent performance is also linked to Bonfida's rebranding to Solana Name Service (SNS), emphasizing its role in decentralized domain management on the Solana blockchain . This strategic shift aims to enhance the utility of .sol domains and integrate decentralized identities into Web3.
Technical analysts on platforms like Binance Square have highlighted FIDA's bullish indicators, including higher lows and increased trading volume. Some suggest potential targets up to $0.135, with caution advised due to the rapid price increase .
If you're considering trading $FIDA , it's essential to stay updated with market trends and employ risk management strategies.
