The Crypto Could Soon Explode!
20h30
▪
3
min
of
reading
▪
by
The
SOL
crypto
of
Solana
could
experience
a
prosperous
period
very
soon.
Recent
technical
analyses
and
market
movements
suggest
a
positive
evolution
for
this
crypto.
These
signs
of
imminent
growth
should
be
closely
monitored,
as
they
could
herald
a
new
era
of
prosperity
for
Solana.
Strong
technical
supports
for
Solana’s
SOL
crypto
The
price
of
Solana
currently
benefits
from
crucial
technical
support.
The
100-day
EMA
serves
as
an
important
support,
indicating
a
lasting
bullish
trend.
Additionally,
the
Ichimoku
Cloud,
a
key
indicator,
confirms
this
positive
trend.
Critical
support
levels
are
located
between
$158
and
$151,
providing
a
solid
base
for
investors.
These
support
levels
demonstrate
the
resilience
of
the
SOL
crypto
price
against
market
fluctuations,
suggesting
medium-term
stability.
In
terms
of
resistances,
the
crypto
faces
key
levels
at
$177.38
and
$186.38.
These
levels
represent
potential
selling
points
where
selling
pressure
could
increase.
However,
if
the
SOL
crypto
manages
to
surpass
these
resistances,
it
could
trigger
a
new
wave
of
buying,
propelling
the
price
even
higher.
Current
technical
indicators
support
an
optimistic
outlook,
reinforced
by
the
increasing
adoption
of
the
Solana
network
and
growing
investor
confidence.
These
factors
combined
place
Solana
in
a
favorable
position
for
continued
growth.
Increase
in
active
wallets
The
announced
growth
for
the
Solana
ecosystem
is
also
based
on
the
increase
in
the
number
of
active
wallets.
In
one
month,
this
number
rose
from
700,000
to
1.1
million,
signaling
growing
adoption
of
the
blockchain.
This
increase
attests
to
the
interest
and
trust
of
users
in
Solana’s
ability
to
provide
fast
and
reliable
blockchain
infrastructure.
The
increase
in
active
wallets
is
a
key
indicator
of
the
network’s
health
and
vitality,
highlighting
increased
use
of
decentralized
applications
(dApps)
on
Solana.
In
parallel,
the
number
of
new
token
accounts
on
Solana
has
also
increased
significantly.
In
June,
this
figure
almost
reached
3.6
million,
marking
a
notable
upward
trend.
This
growth
reflects
the
continued
expansion
of
the
Solana
ecosystem.
More
and
more
projects
and
developers
are
choosing
this
blockchain
to
launch
their
tokens
and
applications.
These
positive
developments
signal
increased
adoption
and
diversified
use
of
the
platform,
positioning
Solana
as
a
major
player
in
the
blockchain
space.
Technical
analysis
and
network
growth
place
Solana
in
a
favorable
position
for
the
future.
The
increase
in
users
and
projects
on
the
blockchain
attests
to
its
robustness
and
appeal.
The
prospects
are
promising,
with
growth
opportunities
supported
by
increased
adoption
and
investor
confidence.
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ADVERTISEMENT
Diplômé
de
Sciences
Po
Toulouse
et
titulaire
d’une
certification
consultant
blockchain
délivrée
par
Alyra,
j’ai
rejoint
l’aventure
Cointribune
en
2019.
Convaincu
du
potentiel
de
la
blockchain
pour
transformer
de
nombreux
secteurs
de
l’économie,
j’ai
pris
l’engagement
de
sensibiliser
et
d’informer
le
grand
public
sur
cet
écosystème
en
constante
évolution.
Mon
objectif
est
de
permettre
à
chacun
de
mieux
comprendre
la
blockchain
et
de
saisir
les
opportunités
qu’elle
offre.
Je
m’efforce
chaque
jour
de
fournir
une
analyse
objective
de
l’actualité,
de
décrypter
les
tendances
du
marché,
de
relayer
les
dernières
innovations
technologiques
et
de
mettre
en
perspective
les
enjeux
économiques
et
sociétaux
de
cette
révolution
en
marche.
DISCLAIMER
The
views,
thoughts,
and
opinions
expressed
in
this
article
belong
solely
to
the
author,
and
should
not
be
taken
as
investment
advice.
Do
your
own
research
before
taking
any
investment
decisions.
Credit:
Source
link
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