Main takeout:
Solana’s $ 9.4 billion has increased by 54% since April 7.
Solana’s Memecoin Daily trading volume has more than doubled since early April.
The optimistic V -shaped recovery pattern is a project for Sol Price to rise to $ 300.
SOL, an indigenous token of SOLANA, saw a 86% surge between April 7 and May 26, with Bitcoin a new highest of $ 111,000.
Since then, SOL has had difficulty in breaking more than $ 180, but onChain and technical data still suggest that additional benefits for Altcoin are still stored. Can Sol record the highest level of more than $ 300?
Solana’s TVL has increased by 54% since April 7
The total value lock (TVL) of Solana blockchain increased to $ 94.4 billion, up more than 54% to $ 61.2 billion on April 26. It has increased almost 20% over the last 30 days.
According to DEFILLAMA’s data, the successor to the TVL was led by Raydium and increased 52% over a month. Other major distributed applications, such as Jupiter DEX, JITO Liquid Stacking and Kamino Lending, gained 12%, 25%and 11%, respectively.
Solana is ranked as the fifth largest cryptocurrency by market cap, but Solana networks are ahead of other top layers -1 block chains in terms of TVL, following Ethereum.
But Solana’s $ 9.5 billion tvL surpasses the TVL of Ethereum Layer-2 ecosystem, including basic, arbitration and optimism. BNB Chain is bigger. It is perfectly integrated with binance and trust wallets.
Solana Memecoin’s market cap is 65% profit
The increase in the price of Solana’s TVL has increased the market cap of Memecoin as the price recovers.
Most Solana -based Memecoins posted a daily loss of two digits every day during the week and monthly period as shown below. The majority of this token is 50% to 80% at the lowest level.
As a result, Solana’s Collective Memecoin market caps increased 65% within two months from $ 8.1 billion on April 8 to $ 13.4 billion on May 26.
relevant: SOLANA will make everyone in investors -solana ncmo
Solana -based memo coins and market caps rose prices by increasing DEX activities in layer -1 block chains.
The increase in Memecoin activity on Solana shows high network activities and increased usage and has a positive impact on demand and SOL prices.
SOL’s “V” chart pattern aims to be the highest ever.
The price behavior of SOL has been drawn on the weekly chart from January, as shown below.
V -shaped recovery is a strong pattern formed when assets experience a sharp price increase after a steep reduction. It is completed when the price goes up to the resistance at the top of the V formation, which is also called the neckline.
SOL appears to be in a similar trajectory and is now traded below $ 180 to $ 200. The brake out will increase the likelihood that the price will rise to $ 252 to $ 252 to complete the V -shaped pattern.
In addition, the next goal will be more than $ 295, up 66% from the current price.
At the end of March 36, the relative robbery index is increasing to 53, suggesting that optimistic propulsion is being picked up.
As reported by Cointelegraph, SOL Price can rise by 45% with a decisive optimistic breakout of $ 180 or more.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.