Sol points to the USD 200 amid the integration of 1inch and the increase in memecoin

The price of Solana has risen impressively, rising 22% in the last week to $ 175.41, driven by solid technical configurations and the growing adoption of the ecosystem.

Institutional entries, the domain of decentralized finances (DEFI) and recent integrations such as 1inch have fed this impulse, positioning Solana as a leading block chain of layer 1.

Solana Price Analysis

From the point of view of the technical analysis, the price of Solana has shown a remarkable resistance, maintaining a six -month upward trend despite the broader weakness of the Altcoins.

Quoting $ 175.41, Sol has earned 40.8% in the last 30 days, backed by a market capitalization of 91.13 billion dollars and a volume of operations of 5.28 billion dollars in 24 hours.

A bullish rupture of the flag in the daily graph, as the Martyparty analystindicates a strong bullish impulse, with a growing and minimum higher volume that reflect the sustained interest of buyers.

As the Token shoot, the range of USD 175 to USD 180 is still fundamental, with sun testing this resistance after a 24 -hour range of USD 170.01 to USD 179.19.

In addition, the liquidation groups in the USD 172 to USD 174, highlighted by Jesse Peralta, suggest possible volatility as high leverage positions undone.

In addition, global liquidity trends, correlated with the price of sun according to Cryptocurb analysis, provide macro tail winds, amplifying the impact of 25% solar rebound in April.

Far from the price of Solana token, on-chain metrics, which include more than 3,000 transactions per second and USD 364 billion in volume of January, underline the scalability and adoption of Solana, as detailed in The State of Crypto of 21Shares.

Will the price of sun rise to 200 dollars?

Several convincing factors suggest that the price of Solana could rise to $ 200, starting with their recent Integration into the Decentralized Finance Platform 1incha measure that improves the interoperability of its ecosystem.

This 1inch integration allows defi fluid exchanges between chains, taking advantage of high speed and low solar costs to potentially attract more users and liquidity to the network.

In addition, Solana’s blockchain has experienced a dramatic increase in memecoins activity, with tokens such as dogwifhat (Wif) and Bonk (Bonk) shooting in popularity, promoting transactions volumes and reinforcing the relevance of the network.

The madness of memecoins has not only increased the use of the network, but has also attracted a new influx of retail investors, which amplifies the visibility and demand of sun throughout the cryptocurrency market.

Beyond this, the Solana ecosystem continues to expand at a rapid pace, with integrations of industry giants such as Visa, Shopify and Paypal, along with innovations such as Solana Blinks and the Saga smartphone, consolidating its role as leader in next generation finance.

The institutional interest is another tail wind, since Solana has registered 80 million dollars in tickets in what goes for a year, surpassing rivals such as Sui, and the growing speculation around a possible ETF of Solana adds more fuel to the upward case.

The perspective of a Solana ETF, with applications from companies such as Grayscale and Vaneck under consideration, could serve as an important price catalyst, which could promote Sol far beyond the USD 200 if approved.

However, the challenges persist, since Sol faces a technical resistance at the level of 180 dollars, and high leverage settlements between 172 and 174 dollars could introduce short -term volatility that could temporarily hinder its ascent.