The Solana Sol coin continues to recover with its high price, exceeding $ 150, and its continuous weighting is about 200 dollars.
This was confirmed by technical analyzes showing a budget direction for the price of the Solana Sol currency, as the currency recorded daily gains of 3.6%, and the price reaches about 151.58 dollars, and continues to rise and achieve gains for the third day in a row.
Strong support at levels between 125 and 130 dollars contributed to strengthening that recovery, and led to a positive intersection between the technical index MACD and the signal line, indicating a new bullish sign.
Nevertheless, the moving averages for 50 and 200 days are still in a descending direction, and formed what is known as the “intersection of death”.
The descending trend in the moving averages of 100 and 200 days led to another negative intersection, but Solana continues to recover from the acute decline by 20% that he witnessed on March 3 to face the price immediate resistance at 161 dollars, while the level of $ 140 remains a strong support zone.
Dex DEX platform class challenges the dominance of Ethereum
As the price of the Solanafloor Solafloor data showed a new achievement, as trading sizes in the DEX Dix platforms outperformed Soliana Sol on the entire environmental system, including Layer 1 and the second Layer 2 during February.
This significant rise comes despite the low value of some currencies built on the Solana Sol currency and at a time when the Ethereum and Layer 2 Layer networks decreased, the Solana Sol coin acquired approximately 30% of the trading volume in the DEX market.
In some periods during February, the Solana Sol currency exceeded the Ethereum and Layer 2 class on the platform.
Analysts are likely if this upward trend continues, it is expected that the Solana Sol currency share in the Dix market will increase this year 2025.
According to technical analysis, analysts believe that the continued recovery and the stability of the market may lead to the arrival of the Solana Sol currency to $ 181, which is the moving average level for a period of 50 days.
On the other hand, some analysts are another opinion that disguises the fluctuations in the digital currency market, and warning with any sudden statement by US President Donald Trump or any other major influencers, and this may lead to the price of about $ 130.
