- Solana’s Stablecoin Supply has reached a new highest peak of 12.80 billion.
- This double wave suggests that Solana may lay the foundation for further market dominance.
If there is one token that emerged from the axis with silent conviction this Q2, it is solana [SOL]. In less than a month Sol has risen by 23%, so that the overhead resistance is crushed at $ 150 as if it were nothing.
And it is not only the price that is impressive Solana’s Stablecoin Supply has reached a new highest point of 12.80 billion. That is a great flex for the network, which shows that trust is not only in the air, but also in the foundations.
With both price and stablecoin delivery in the elevator, it seems that Solana positions itself for an increase in the longer term that could leave other block chains in the dust.
Activity on the chain supports the revival of Solana
The Strap in Stablecoin Sooder Underlines a strong basis for the Solana ecosystem. Therefore, indicating that more users and projects lock value in the network.
In the field of Defi, the performance of Solana was downright impressive in April. With the total value locked (TVL) that increases around $ 3 billion, it is clear that investors are great on the future of Solana.
But wait, there is more. Solana is not only about large numbers – it also has speed. With a jump of 13.4% in daily transactions, which affects nearly 100 million, Solana bends that high transit muscle.
Source: Artemis Terminal
Stablecoin Supply affects all time? Account. Solana’s ecosystem clearly buzzes with liquidity flows through every corner. And then there is that rise of 23% in the price of SOL – talk about a flex.
But before we start plans for lunar landings, a small reality check. Short -term pullbacks can be in the cards when things warm up.
Can Solana’s strong basic principles come into effect due to the pressure, or is that goal of $ 200 still a dream too far away?
The small line Sol has to run
Solana’s Sopr (published output win ratio) has been sailing above 1 for two weeks, just when Sol broke through the barrier of $ 130.
If Soprer is larger than 1, this suggests that traders sell with profit, indicate a bullish phase or at least a market that is not bogged down by panic sales.
Source: Glassnode
But here is the catch: if SOPR stays high for too long, this may indicate recklessness. And we all know what that leads to, the profit can make up and cause a reversal.
The bulls should use this as fuel to push higher but the data on the chain say differently. Active addresses I just fell from a cliff and fell from 61 million to 46 million a day.
If that keeps track of, Solana’s breakout above $ 150 may not have the legs to run – unless Bitcoin continues to defend. Otherwise let’s be really: a clean sprint up to $ 200 without a cooling? Quite ambitious.
The basic principles still work in favor of Solana, but technically speaking? It starts to show some signs of needing a breathing break.