- Solana purchase of Defi Development Corp continued.
- Increasing demand and investor trust will be rally at $ 176.
Solana (SOL) surpassed the previous best of $ 143. By doing so, the optimistic market structure was interrupted, but could not pursue much beyond the $ 145 supply area.
Reduction of exposure and SOL accumulation for Ether Lee (ETH) of whales have been added to Solana’s trust instead.
The previously known Defi Development Corp (NASDAQ: JNVR), known as Janover, has continued to buy SOL.
On April 22, the company added 88,164 SOL to the Treasury. On Thursday, 65,305 SOL tokens were added. As a result, the total stake was 317,273 SOL, reaching $ 48.2 million, including Staying Award.
The market response to this institutional investment was positive. The Solana Network Protocol has been steadily increasing its total value lock (TVL) and liquidity over the last month, reflecting the trust of investors.
This development promised Solana Rally for $ 176.
Solana is going to meet for $ 180.
Source: TradingView SOL/USDT
Strong rescue breakage meant that there were almost no obstacles in the path of SOL on the chart. OBV exceeded February and March’s highest in April to show that the purchase pressure is increasing in April.
Strong RSI has strengthened the outlook for the derived from one day price behavior.
More than $ 143, $ 178 was the following main resistance. The price chart did not show a significant resistance overhead to this level. The SOL liquidation thermap map helped better understand the coming obstacles.
Source: COINGLASS
For one month, the liquidation heat map showed that the $ 155- $ 160 area was an immediate liquidity pocket where Solana was attracted. The $ 168 area was another nearby self -area.
Under the market price, the liquidation level of about $ 130 and $ 120 was smaller than the overhead, but it was noteworthy. The three -month liquidation archipelago agreed to these results.
Therefore, high demand for SOL combined with the above fluid pocket means that it is possible to move to $ 160 and $ 168. The short liquidation triggered here can increase the price and achieve a $ 176 goal.
Indemnity Clause: The information presented does not make up financial, investment, transactions, or other types of advice, and is entirely the artist’s opinion.