Can SOL price increase to $ 500 such as Solana Meme Coins Surge?

Solana price was called three consecutive weeks as cryptocurrency and Meme coins in its jumps on ecosystems.

Solana (Salt) It has crossed the level of resistance to the key to $ 150, in this month on the rise by 60% of its lowest point.

Most solic memes coins refused back this week. Bonk (Stifle) The price rose by 35% in the last seven days, while FartCoin (Ftrcoin), Dogvifhat (Vif), Pudgi penguins and popcat (Popcat) They climbed over 50% in the last seven days.

This recovery was pushed by a combined market hat from solic memes coins to over $ 8.78 billion, a significant jump from $ 6 billion evaluation earlier this month.

Decentralized exchange within Solana Ecosystems also experienced a sharp increase in trade. Monthly volume rose to $ 57.7 billion, passing Etherum’s (El) $ 56.7 billion. The daily scope of trading rose to $ 2.7 billion, higher than Etherum’s 2.18 billion dollars.

This rally is fueled with platforms such as Raidium, pumps and drifts, whose weekly quantities they jumped over 10%. Their trade activity strives to increase when the meme coins and ecosystems work well.

In addition, Solana coincided with the growth of Futures open interest, which reached $ 5.76 billion – the highest level of 3. February. The growth of open interest often signals the growing interest of investors and swinging momentum.

Solana also strengthened its position as the most active blocks in terms of user engagements. The number of active addresses in the last seven days reached 28.7 million, while the total number of transactions hit 370.9 million.

Chart samples indicates an increase in Solan price to $ 500

The weekly chart shows that Solana formed a highly bulbic technical form that could press the price for $ 500 over time.

It was slowly forming a glass and handling form, which contain a rounded bottom and consolidation or return. Recent withdrawal was part of the formation of the handle section in the form.

In order to assess the target from the C & H formation, analysts usually measure the depth of the glass and the project is to distance the neckline. In the case of salt, the depth of the glass is about 98%, which speaks potentially upside down from the level of $ 260 to about $ 515.

However, it is worth noting that the sample of the glass and handling on Sundays often need time to play. The Cup department itself lasted about three years to form, which means that the road to $ 500 could take place over several months or even years.