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Solana currently exceeds the consolidation phase between $ 164 and $ 185, which oscillates around $ 174. Paradoxically, this technical break is accompanied by a remarkable vitality of its ecosystem Defi. Will this dynamics sufficient to drive the land for its current consolidation zone?
In short
- The total locked value (TVL) in the Solan Defi defia will jump by 28 % since April and reaches $ 9.34 billion.
- Open interest in terms of contract terms is $ 7.35 billion, which indicates the taste of risk.
- The course consolidates between the key technical level 164 and $ 185.
Ecosystem Solana that defies the darkness of the course
Solana is currently undergoing a technical consolidation phase, but the basic data tell a completely different story.
From 1 April 2025, Blockchain has seen its total locked value (TVL) from 6.63 to $ 9.34 billion. This increase of 28 % is the growing confidence of investors in the ecosystem.
This growth is explained by technological assets of solana: the cost of transactions and the high flow of treatment that tempts developers and users.
Investors massively lock their cryptos in intelligent contracts and predict long -term detention. This strategy mechanically reduces the available offer on exchange platforms.
At the same time, the derivative market confirms the lasting interest in land. Open interest on term contracts is $ 7.35 billion, accompanied by a daily exchange volume of 9.4 billion. These figures reveal intensive activity and bull bets on the future course development.
Technical signals that slight optimism
Despite these encouraging foundations, technical analysis Solana attracts more fine landscape. The course is currently developing in a narrow corridor between $ 164 (key support) and $ 185 (tough resistance). This consolidation lasted weeks and created a tangible tension in the markets.
Technical signals are alarm. MACD has changed on May 18 in sales mode, a sign that ascending dynamics will run out of a couple. The RSI index dangerously slips around 50 points. The passage below this threshold would probably cause correction.
Traders carefully monitor the reaction of the course to the ascending trend line, the rupture of which would probably cause sales pressures.
In the case of a lower break, support to be monitored at $ 159 (mobile diameters of 50 and 100 days) are, then $ 140 (the zone tested at the beginning of May). On the contrary, the transition of $ 185 would reopen the journey to $ 200, the level tested as a resistance in April.
In short, Solana lives a decisive moment. On the one hand, its defi ecosystem thrives and always attracts more investors. On the other hand, graphs require vigilance. Will this technical break for flight preparation or announces repair? The answer will provide the next few weeks.
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Passionate Bitcoin, I like to explore meanders blockchain and cryptos and share my discoveries with the community. My dream is to live in a world where privacy and financial freedom is guaranteed for everyone, and I firmly believe that Bitcoin is a tool that can make it possible.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.
