Solana, after dropping to its lowest point in the past year at $95.23 on April 7, created a spectacular surge, regaining strong momentum with a 17% increase, currently trading around $124.58. This recovery is not just a technical signal but also reflects investors' hopeful return.
Technology Keys Driving SOL's Price Increase
- Proof of History (PoH): This breakthrough technology enables Solana to process transactions far beyond Ethereum, saving verification time and enhancing performance, creating strong appeal for investors.
- Proof of Stake (PoS): By adopting PoS, Solana not only saves costs and energy but also creates long-term token holding incentives for users, promoting stable and sustainable SOL price growth.
- Sealevel: Solana's strength lies in processing thousands of parallel transactions, keeping the network smooth even with significant transaction volume increases, providing solid support for SOL's long-term price.
[The rest of the translation follows the same approach, maintaining the original structure and translating all text while preserving any HTML tags]- Participation method: Join the community, follow tasks on Discord or X.
- Status: Currently in the community building stage, worth following.
6. OpenLoop: A DePIN project focusing on decentralized infrastructure, raised $15 million from IPN Foundation.
- Airdrop: Unconfirmed, but considered one of the top potential projects due to its unique model.
- Participation method: Participate in community activities and follow official announcements.
- Status: Under development, needs further updates.
7. Switchboard: Oracle protocol on Solana, providing data for DeFi and Web3 applications.
- Airdrop: Potential is mentioned, with rewards for liquidity providers or quest completion.
- Participation method: Participate in providing liquidity for partner projects or complete tasks on the platform.
- Status: In expansion stage, may launch token soon.
7. Cube: Project developing Web3 infrastructure and decentralized cross-chain protocol, mainnet expected in Q2/2025.
- Airdrop: Unconfirmed, but highly regarded by the community due to token launch plans.
- Participation method: Follow and participate in community activities, especially on X and Discord.
- Status: In development stage, high potential.
Notes when participating
- Safety: Always use a separate wallet for airdrop (not the main wallet), do not share private key, and verify the project's legitimacy through official channels.
- Costs: Some projects require SOL for transaction fees (like US Solana Reserve: 0.01 SOL/interaction). Manage your budget wisely.
- Follow: Join Discord channels, X, and websites like followin.io, airdrops.io, solanaguides.com to get the latest updates.
- Risks: Potential airdrops may not occur, so prioritize reputable projects with clear progress.
Technical Analysis of $SOL (Updated 21/4/2025)
Current price: ~$145.98 (3.88% decrease in 24h, 14% increase in 7 days).
- Trend:
- Short-term: Accumulation, weak upward momentum, testing support at $130
- Long-term: Upward price structure on weekly timeframe, but neutral on monthly timeframe due to not exceeding $176.
- Support: $120–$130, $100.
- Resistance: $160, $175-180, $202-220.
- Technical indicators:
- RSI: ~58.28 (neutral), showing cooling signs on 4H timeframe.
- MACD: Weak sell signal, increasing histogram
- MA: Price below EMA50/EMA200, indicating short-term decline
- Pattern: Triangle breakout, target $174-$202 - Prospects:
- Bullish: Breaking $150 could push price to $160-$175
- Bearish: Losing $136.50 could bring price to $120 or lower.
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Golden Moment to "FOMO"?
The strong recovery from the recent dip and positive technical signals indicate that SOL is in a strong recovery phase. This could be an attractive time for investors to consider entering or increasing their SOL holdings, taking advantage of the opportunity before the price potentially moves towards higher targets in the near future. However, investors should remain alert, closely monitoring important support and resistance levels to effectively manage risks.
