Solana (SOL) Price Jumps 4% Ahead of Seeker Phone Launch

The Solana price jumped 4% in the past 24 hours to trade at $178.10 as of 3:48 a.m. EST

The Solana price jumped 4% in the past 24 hours to trade at $178.10 as of 3:48 a.m. EST as its trading volume surged 50% to $6.7 billion.

The rise in the SOL price comes as Solana Mobile confirmed that the launch of the Seeker phone will be on August 4, 2025, priced at $500. Its debut will come along with its new token, SKR, designed to boost growth in its mobile ecosystem.

1/ We’re excited to announce that Seekers start shipping on August 4th, 2025.

But that’s not all…

Today, we’re revealing the evolution of web3 mobile, and the next phase for Solana Mobile 🧵👇 pic.twitter.com/CWab9sG06W

— Seeker | Solana Mobile (@solanamobile) May 21, 2025

The phone, which is powered by Solana and Web3, will be available for purchase in 34 countries, including the U.S., Canada, France, Germany, and Japan.

Over 140,000 pre-orders for the phone have already been made.

Solana Price Indicators Hint At A 10% Surge

The SOL price shows a strong bullish trend on the daily chart, trading within a well-defined ascending channel since mid-April.

The Solana price has steadily climbed from a local low around $97 to its current level of $178.10, marking a robust recovery.

Moreover, SOL is approaching a key resistance zone between $183 and $207, which aligns with a previous support-turned-resistance area, as GeckoTerminal data shows.

Meanwhile, the 50-day Simple Moving Average (SMA) is currently at $146.38, comfortably below the current price of SOL, indicating sustained bullish momentum. The 200-day SMA lies at $181.22, slightly above the current price, suggesting a critical resistance test is imminent.

The Relative Strength Index (RSI) stands at 63.01, indicating intense buying pressure without SOL being overbought.

Fibonacci retracement levels show that Solana is now just below the 0.0 level (from the $96.69 to $183.88 move), which shows the strong nearby resistance zone.

If SOL can maintain its bullish momentum, it could decisively break above the 200-day SMA and the resistance zone around $195, a 10% surge from the current level.

However, failure to breach that resistance may result in a pullback towards the mid-range of the ascending channel, around $163.

Investors are also flocking to the presale for a new Solana project called Solaxy (SOLX), which has just announced that its blockbuster $39.14 million presale will end in about 25 days.

Popular YouTube channel 99Bitcoins, with over 723K subscribers, says the crypto has the potential to soar 10X post-launch.

Solaxy Presale Closing On $40 Million – Last Chance To Buy

Solaxy is a layer-2 scaling solution developed for the Solana blockchain. It enhances Solana’s scalability by moving transactions off-chain to prevent congestion and reduce transaction costs.

To accomplish this, Solaxy introduces a native sidechain that uses rollups to batch transactions before settling them on the main Solana chain.

That model has already successfully scaled a blockchain through platforms like Arbitrum and Optimism.

Once launched, Solaxy will also provide a platform where developers can build decentralized applications or launch new tokens without compromising Solana’s layer-1 capabilities.

It's perfectly okay to think about $SOLX at night…

We won't tell 😉🔥https://t.co/mdaTX9aVVx pic.twitter.com/AZcIvfpiS6

— SOLAXY (@SOLAXYTOKEN) April 22, 2025

The presale has already brought in over $39.14 million, making it one of the most significant token sales this year.

Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens for $0.001732 each using BNB, ETH, USDT, or a bank card.

Solaxy also offers holders who stake SOLX a huge annual yield of 103%.

Interested investors will want to buy SOLX before the presale ends in about 25 days.