Buyers will try to strengthen their position by pushing the price above the $218 resistance. If they can pull it off, the SOL/USDT pair will complete a bullish ascending triangle pattern. That clears the path for a rally to $240 and then to $260. The uptrend line is the critical support to watch out for on the downside. Sellers will have to drag the price below the uptrend line to invalidate the bullish setup. The Solana price may sink to $175 and thereafter to $155.
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Amidst the new activations, the launchpad warsare ongoing, with the new Heaven DEX asserting itself as the second busiest token launchpad over the last 24 hours, according to Dune Analytics. While Heaven launched nearly six times as many tokens as LetsBonk over the last day, Pumpfun still dominates the market, accounting for almost 75% of total Solana memecoins yesterday.
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Blockchain can not only become the core infrastructure of traditional financial institutions, but also help them open up new markets, attract new users, and tap into new sources of revenue, thereby safeguarding their future development.
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