Solana Price Attempts $135 Breakout, Momentum Sends Mixed Signals
Solana price has risen by more than 10 percent in the last week and its momentum indicators and fundamentals align for further gains.
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Solana price has risen by more than 10 percent in the last week and its momentum indicators and fundamentals align for further gains.
The investment universe for non-crypto native investors has largely revolved around Bitcoin and Ethereum ETFs. But that's changing fast with the introduction of a new Solana product on the Toronto Stock Exchange.
TL;DR SOL Surge Amid Stability: Despite a generally stable crypto market with Bitcoin near $84K and Ethereum around $1,600, Solana surged by 6% to approximately $134. Investor Optimism: The rally in SOL is fueled by renewed investor enthusiasm, strong futures positioning, and confidence in its fast, robust ecosystem.
The crypto investors are looking for Solana and XRP spot ETF approvals, as they witness the impact that Bitcoin and Ethereum exchange-traded funds have on the digital assets' prices. Not only can this provide the much-needed regulatory clarity, especially for the Ripple token, but it could boost its price.
The Solana copy trading bot has focused on speed, with a claimed 15% of trades completed in the same block as the mirrored wallet.
XRP remains one of the most popular coins in the market, with a cult-like community that has supported it for years. With the bullish sentiment surrounding it, the altcoin has performed quite well and continues to inspire support.
Solana is experiencing a renewed wave of investor interest, with more than $120 million in liquidity bridged to the network over the past 30 days. The post Over $120M Bridged to Solana in 30 Days, Led by $41.5M from Ethereum appeared first on Cryptonews.
Solana reclaims momentum with a 35% volume jump, renewed liquidity, and bullish signals as institutional interest grows.
Solana (SOL) saw a sharp 14.5% rally from $119.58 to $136.01 between April 11 and 14, signaling strong bullish momentum. However, the altcoin is now undergoing a healthy correction phase, showing signs of consolidation.
Raydium, a Solana-based DeFi platform, has launched its own memecoin launchpad after Pump.fun severed ties with the automated market maker last month.
SOL price has surged today, soaring more than 7% as robust Solana Network inflows have fueled market confidence. Besides, it also comes amid a broader crypto market recovery, with Bitcoin and most of the altcoins recording significant gains.
HYPE is the other notable gainer from the mid- and larger-cap alts.
Solana sees $120 million in network inflows and Canadian ETF approval, but technical indicators show mixed signals for SOL's price direction.
Solana (SOL) eyes a 40% breakout as it forms a bullish inverse head and shoulders pattern, bolstered by Canada's launch of North America's first spot Solana ETFs.
This Solana ETF is set to begin trading on the Toronto Stock Exchange (TSX) on April 16, 2025. The new ETF is backed by a $50 million lead investment from SkyBridge Capital.
Solana, Cardano, and Avalanche are currently leading the cryptocurrency market losses, with each experiencing drops of over 5% in the past 24 hours.
Crypto markets steadily rose in Asian morning hours Thursday after a sell-off the night before as Fed chair Jerome Powell dashed hopes of early rate cuts as global markets reel from the impact of newly-levied U.S. tariffs.
There is a key level everyone's watching on Solana's charts.
Over the past 30 days, crypto market participants have bridged more than $120 million in liquidity to Solana (SOL) from other blockchains, signaling renewed confidence in the network. Traders transferred the highest amount from Ethereum (ETH) at $41.5 million, followed by a $37.3 million influx from Arbitrum, according to data from Debridge.
Over the past week, Solana has maintained a notable bullish performance, rising by more than 20% after a recent drop to the $100 support zone on April 9. While SOL has recovered its upward trend, key metrics show a major area of interest in its price dynamics for a significant number of investors.
Raydium, Solana's top DEX by volume, has launched LaunchLab, a customizable token creation platform directly challenging Pump.fun and aiming to streamline on-chain token launches and trading across the Solana ecosystem. The post Raydium Fires Back with LaunchLab as $2.5B DEX War with Pump.fun Explodes on Solana appeared first on Cryptonews.
Solana's native token SOL (SOL) failed to maintain its bullish momentum after reaching the $134 level on April 14, but an assortment of data points suggest that the altcoin's rally is not over. SOL price is currently 57% down from its all-time high, partially due to a sharp decline in its DApps activity, but some analysts cite the growth in deposits on the Solana network as a catalyst for sustained price upside in the short term.
Solana looks surprisingly bullish, considering the broader crypto market continues to flirt with bearish stagnation.
Raydium, Solana's largest DEX and AMM, has officially launched Launchlab, a token launchpad with a similar design and functionality as Pump.fun, one of Solana's most popular meme coin launch platforms. Some hours ago today, April 16, 2025, Raydium took to X, formerly Twitter, to announce Launchlab.