Solana defends crucial support as Popcat, FartCoin

Solana ran upward over the weekend, aggressively defended the 200-day movement of average.

Solana (Salt) Rose is three straight days, reached a high $ 210, the highest level of 5. February. Remains about 30% below its highest level in December.

Solan slow recovery was probably due to the jump of some of his ecosystem tokens. FartCoin (Ftrcoin) It increased by almost 30% from its lowest level this month. Similarly, Popcat (Popcat) Token has risen for over 80% of her February.

The second top coins of Solana Mema, were AI16Z, the floor in the world of dogs and a comedian, which rose by over 10%. Toward CoongeckoThe market cap of all coins gathered 7.3% in the last 24 hours to over $ 11.98 billion. These Meme coins had a market assessment of over $ 25 billion.

This year, Solana became one of the most successful CRIPTO projects such as its ecosystem flourished. Tokenterminal The data show that Solana brought over $ 282 million this year, which all the biggest player led him to the crypto industry after Tether, Tron and Jito.

His DEX networks such as Raidium, Meteor, Orca and Jupiter continued to acquire market share in the last few years.

There are also signs that the Securities and Exchange Commission will be approved by Spot Sol ETF. Odds From this approval, it jumped to 85%, and investors predicted that Trump’s Secu would be different from the previous one.

Solan price analysis

The daily card shows that the salt price of the bottom is $ 190 last week as most cryptocurries collapsed. This was an important level because it was 200-day with an exponential movable average.

The bulls moves the move below this level, because it would be a bear victory and would point to more shortcomings. The taurus and bear power indicator switched upward in the last two straight days.

The decline below the 200-day moving average would risk moving below $ 169, double upper samples at $ 265. The double cannon is a very popular bear sign in the market.

Therefore, short-term Salt prognosis price is neutral for now. It can be confirmed that it will be confirmed that it will collapse below $ 169, while it will be cleaned with Bullish interruption if the coin will increase above key resistance to $ 265.

Such a move would confirm the recent Vaneck forecast that the coin will jump to $ 520.