#Solana

Trade Solana now . . bullish sentiments

𝙎𝙤𝙡𝙖𝙣𝙖 𝘼𝙘𝙩𝙞𝙫𝙚 𝘼𝙙𝙙𝙧𝙚𝙨𝙨𝙚𝙨 𝙃𝙞𝙩 17𝙈 𝘼𝙏𝙃 𝘼𝙝𝙚𝙖𝙙 𝙤𝙛 𝙋𝙪𝙢𝙥𝙁𝙪𝙣 𝙄𝘾𝙊 𝘼𝙨 𝙋𝙧𝙞𝙘𝙚 𝙏𝙖𝙧𝙜𝙚𝙩𝙨 $216

Solana price might be headed for a volatile weekend because of the upcoming token sale on the PumpFun meme coin launchpad. This upcoming ICO event has led to the number of daily active addresses on the network increasing to the highest level in history of 17 million, indicating growing demand. As of writing, SOL traded at $167 with a 6% increase in 24 hours.

Solana might face significant price changes this weekend because of the token sale on PumpFun. As CoinGape reported, PumpFun will run a $4 billion ICO on July 12 as it seeks to expand meme coin activity on its platform, which will effectively spill over to the Solana blockchain.

This token sale is happening at a time when the broader crypto market is rallying, and this is fuelling a bullish sentiment towards the Solana price. At the same time, a rounding bottom has been forming, and this shows that more gains might be on the way, as the decline that SOL has seen in recent months likely ends.

One of the signs confirming this bullish outlook is that SOL is testing resistance at $165. SOL price has been close to this resistance level two times now, but it needs to make a strong close above it to confirm that bullish traders have the upper hand.

Once this resistance level is overcome and Solana starts to surge, the price could extend its rally with an over 30% increase, which will take the price to not only $200, but to $216, the highest level since early February 2025.

However, to achieve this bullish Solana price prediction, the token will have to rise past resistance at the 200-day SMA of $164. History shows that whenever SOL crossed above this SMA, it experienced strong gains for months before pulling back, and this makes the rally to $200 more likely to happen.