$SOL

Solana

Solana has been riding the meme coin craze to its advantage. The launch of TRUMP and MELANIA tokens on the Solana network has not only boosted SOL but also confirmed the network’s ability to handle large transaction volumes seamlessly.

After correcting to $180, Solana has rebounded sharply, recently reaching $294 before bouncing back to test $232 as support. Holding above this level will be crucial for Solana’s uptrend to continue. A break above $265 could open the door to a rally towards $350-$400 in the medium term, with intermediate resistances at $285 and $315.

Conversely, failure to hold support at $232 could push the cryptocurrency into the $200-$210 range, signaling a deeper correction.

Solana Ecosystem Gains Momentum

Apart from SOL, the broader Solana ecosystem is thriving. Decentralized platforms like Jupiter and Radium have posted significant gains, with their assets up 55% and 67% over the past week. This highlights the growing demand for Solana-based projects as confidence in the network continues to grow.