The Solana price stood its ground all week like a stubborn mule on a dusty trail, while more and more folks showed up to the party—active addresses, transactions, fees, all stirring like a restless wind in the valley.
By Friday, Solana (SOL) had swaggered up to $135, clawing back over 40% from its lowest tumble earlier this month, flirting with a fat $70 billion valuation like a tomcat boasting to the alley.
Over at the decentralized exchange corral, Solana’s protocols kept shuffling and trading, trading big. DeFi Llama told us the 24-hour volume hit a whopping $2.27 billion—leaving Ethereum‘s $1.52 billion to eat some dust. For the week, Solana’s volume was $16.14 billion—way bigger than Ethereum’s $12.36 billion and BSC’s meager $6.5 billion. Quite the market hoedown, huh?
Nansen, that nosy data-feller, reported active addresses jumped 17% in a week, hitting 29 million like a summer swarm, while Tron, Ethereum, and BSC licked their wounds with 5.9 million, 1.86 million, and 4.9 million addresses respectively. Tunnel vision or just a hot knife in cold butter? You decide.
Transactions on Solana ticked up to 374 million, outpacing all other blockchains combined—like a sprinter who forgets the word “slow.” The network raked in over $7.67 million in fees, up 42% from last week, making it rain a little brighter on this bustling prairie of ones and zeros.
Meanwhile, tokens in the Solana wild west showed some spunk, too. Pudgy Penguins waddled up 12%, and Popcat (POPCAT) pounced a sprightly 10% in seven days. Could these furry and feline tokens be the new sheriff in town? Stranger things have happened.
And let’s not forget Janover—an American real estate outfit—buying SOL tokens like a gambler with a lucky streak. They dropped $10 million on Solana, trekking their stash to $21 million. When the suits start to play, you know the rodeo’s heating up.
Solana Price Technical Analysis (aka Reading the Crypto Dixie Map)
The daily chart reads like a favored tale: SOL hit rock bottom at $94.65 earlier this month then bolted up to $135. It’s been dancing just above the $120 line, a key support it keeps treating like a dog does its favorite fire hydrant—refusing to go below it even once this year.
The MACD and RSI, technical doodads that read the mood of the market, keep inching upward. RSI jumped above 50, while MACD eyes the zero line like a poker player holding a straight flush. These signs say the price might just keep rising toward $150—a psychological summit about 12% higher than today’s pace.
Past that hill, Solana could climb even higher—maybe moseying up to $170, a resistance point that’s been stubborn since January’s chilly spell. But if it slips under $120? Well, that cowboy hat of optimism falls off faster than a loose saddle.
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2025-04-18 18:20