Solana crossed the $ 151 mark with a strong bull impulse, after a significant purchase of SOL in $ 11.5 million. USA Defi Dev Corp.
Since Bitcoin increased to $ 94,000 against the backdrop of a new bull trend on the crypto market, Solana overcame the barrier of $ 150. Currently, it is traded at $ 151, with intraday growth it is 1.65%.
This follows yesterday almost 9% rally and confirms a breakthrough from the previous resistance zone. Now the question is, can this breakthrough expose a rally for a psychological mark of $ 200?
Solana Price breaks after the keys of the keys about $ 150
On the daily graphics, the price action of Solana shows a bull breakthrough from the long -standing line of the resistance trend, gaining momentum. A sudden shift pushed Solana above the level of 38.20% Fibonacci at $ 149.20.
In addition, the recovery caused a change in the Supertrend indicator, signaling the beginning of the new bull phase. The breakthrough above this critical resistance, agreed with 38.20% of the restoration of Fibonacci, increases the likelihood of a strong bull continuation.
According to Fibonacci forecasts, the next resistance lies at the level of 50%, about 166 dollars. It is noteworthy that the rally will continue, since the RSI daily line is approaching the territory of overhabitation.
In this scenarios, expanded target price indicators for SOLANA account for 61.80% of the level of $ 184, and the level of 78.60% is $ 215. On the other hand, key support currently costs $ 150, which is a resistance zone associated with a level of 130 dollars.
Defi Development Corp expands its weed assets
Defi Development Corp has recently acquired 88,164 SOL tokens worth 11.5 million dollars. USA. This is a strong manifestation of confidence in strengthening bull sentiments around Solan.
Currently, Defi Dev Corp has approximately 251,842 SOL tokens, estimated at more than $ 34 million, including remuneration.
🚨brike: @defidevcorp Janover (Nasdaq: JNVR) acquired an additional ~ 88 164 $ SOL for about 11.5 million dollars. The United States in the framework of its strategy of crypto.
The total number of shares is currently ~ 251,842 $ SOL worth more than $ 34 million (including remuneration for an attack). pic.twitter.com/vwk2ruflpo
– Solanafloor (@solanafloor) April 22, 2025
Analyst -Veteran identifies the breakthrough of the key pattern
Supporting the forecast of the bull, the veterinum analyst Peter Brandt determined the breakthrough in the Solana-Sethreum trading pair. It indicates a classic pattern of a cup and a handle launched when Solana surpassed 0.08543 ETH.
Brandt’s predicted goals are 0.1100 ETH and 0.2098 ETH. Since Solana is gaining strength compared to the Ethereum, the Sol-Usdt pair may experience further growth.
By the way, this C & H is still playing.
SOL has a lot of space for a invalid cousin, $ eth pic.twitter.com/ddguqcnfil– Peter Brandt (@peterlbrandt) April 22, 2025
Bull sentiments are growing in the market of derivatives of Solana
Over the past 48 hours, long positions in Solan derivatives have grown. The coefficient of the long position increased to 51.6%, compared with 49.25%.
This prompted a long and short ratio to 1.0661. Short -term recovery on long positions helps to align the playing field, which indicates a gradual shift of market sentiments.
Currently, open interest of SOLANA amounts to $ 5.76 billion, which reflects an increase of 10.27%. With an increase in open interest in long positions, the derivatives market awaits a steady sail of SOL prices.
