Solana price early bullish signal points to jump to $150
Solana price bounced back after plunging to a 13-month low earlier this week as some popular meme coins in its ecosystem bounced back.
Solana $SOL 7.55% Solana rose to $125 on Saturday, up by over 30% from its lowest level this year, bringing its market cap to over $64 billion.
The ongoing recovery is partially because of the recent performance of some tokens in its ecosystem. Fartcoin fartcoin2.77%Fartcoin price has soared by over 81% in the last seven days, while Popcat popcat26.44%Popcat is up by 57%.
Other top-performing Solana tokens were Gigachat, Goatseus Maximus, Fartboy, and Vine. Their rebound helped to push the total market cap of all Solana meme coins to over $7.02 billion.
Solana’s decentralized exchange network has also performed well, with protocols in its ecosystem handling over $14 billion in the last seven days and $46 billion in the past thirty days. Most of this volume was in Orca, Raydium, and Pump.
Nansen data shows that Solana handled over 350 million transactions in the last seven days, making it one of the most active chains in crypto. This is a 4.8% increase from the previous week. Also, active addresses jumped by 15% to over 28.13 million.
