The price of Solana seeks to 200 dollars amid an increase of 47X

Solana, the famous Layer-1 network, sees a strong activity of a network that may help jump to $ 200 and above.

Solana (TellerIt was circulated at $ 147.25 on Wednesday, less than the highest level last week at $ 156. He jumped with more than 52 % of its lowest level this year.

The third party data indicates that the Solana network is working well, and it excels greatly over Ethereum ((Eth) In many major standards.

According to Nensen, Solana has treated more than 410 million transactions in the past seven days, and it represents a 10 % increase from the previous week. This height is likely to have occurred as the best Mimi currencies in its ecological system, such as Fartcoin, Dogecoin, Bonk and DROMP official, all.

The increase in transactions led to an increase of 22 % in the fees that the network collects, generating more than $ 9.3 million in that period.

On the other hand, ETHEREUM dealt with more than 8.6 million transactions during the same time frame, making Solana 47 times more active. It also produced $ 4.45 million of fees, much lower than Solana during this period.

This difference has been consistent over the past thirty days, as Solana processed 1.58 billion transactions compared to 36 million ETHEREUM companies.

TOKENTERMINAL data shows that the Solana network has jumped to more than $ 400 million so far this year, while ETHEREUM has made $ 241 million.

Solana also hit Ethereum in other numbers. For example, decentralized exchange protocols contain It has been dealt with More than 68 billion dollars in size in the last 30 days, while Ethereum was treated $ 56 billion.

Technical analysis of prices in Solana

The daily graph shows that Solana was 94.87 dollars earlier this month Fears about its ecosystem of the coin rose. Then I regained and moved to the highest level of $ 156.55 last week.

Sol is still higher than the important support level at $ 121, the lowest level from June, July, August and September last year. I also moved over the weighted averages for 50 days and 25 days.

It is currently a pattern of bullish science, characterized by a long piece followed by monotheism. This style often leads to strong outbreak. If this happens, the short -term look turns into a rise, with a preliminary goal at the psychological level of $ 200.

Such a step represents a 32 % increase from the current level. The decrease without support at $ 121 will nullify the upcoming expectations.