Solana (SOL) Remains Strong, Outperforming the Market by Rallying 92% From Its Yearly Low

Solana (SOL) remains strong at around $183-$185, rallying 92% from its yearly low of $95.16.

Solana (SOL) price is still holding strong at $183-$185, showing resilience and a 92% rally from its yearly low of $95.16.

This sustained recovery has been fueled by several factors, including scalability in the network, explosive Decentralized Finance (DeFi) growth on Solana, and increased developer activity.

Institutions have also been showing interest in SOL, and last week, DeFi Development Corp. was seen adding to its holdings with a $23.6 million purchase of SOL.

Crypto billionaire backs Salamanca (DON) for ‘high-upside play’

One crypto billionaire who is known for buying Solana at $1 and XRP at $0.003 has now placed his latest bet on $DON, which he calls his “next breakout play this cycle.”

The billionaire’s track record of making early entries is well-known among those who follow his trades. As traders search for the next 10x to 20x coins, $DON is coming into the frame.

With its price still at $0.0020 and technical analysis suggesting a potential move toward $0.04-$0.05, the token has the potential to realize gains of 2000% from current levels.

This new leg of the market is heating up with institutional buying activity seen in both BTC and ETH.

Last week, DeFi Development Corp. was seen increasing its holdings in SOL by $23.6 million.

The build-up to this interest started back in March when BlackRock made the first move with its Bitcoin ETF application.

Since then, several other institutions have joined in applying for similar products.

Solana (SOL) eyes $200 as volume ramps up on DEXs and futures

Trading volumes on Solana’s decentralized exchanges (DEXs) have now crossed $22 billion.

Moreover, open interest in futures has increased by more than 11%.

If SOL manages to break out of the $185 resistance with good volume confirmation, analysts suggest that a move toward $200 could be on the cards.

Depending on the breakout candle and follow-through, a broader swing toward $230-$261 could unfold in the coming weeks.

However, some caution is warranted. RSI on the 4-hour chart is currently overbought, and there could be some turbulence ahead.

Recently, there was a bulk unstaking of 33,000 SOL from FTX-linked wallets, valued at over $33 million. This liquidity influx might exert some selling pressure in the short term.

XRP price stalls at $2.69 amid ETF and Spark token rumours

Despite a potential slump this weekend, the XRP price has experienced a 20% surge in the last week, reaching lows of $2.57.

The critical resistance level is still pending at $2.69 (marked in red). This level has previously shut out many bullish signals since March 12th. A breakout above it may open the door for a move toward $3.00-$3.40.

This rally follows some significant legal milestones for Ripple. The case with the Securities and Exchange Commission (SEC) was recently pushed back to May 2025, presenting a long-term horizon for the case’s resolution.

The primary driver of this rally has been speculation about the BlackRock (NYSE:BLK) XRP ETF application, which is rumored to be in the final stages of approval.

South Korean volume reports also show a surge in XRP trading volume. Additionally, there’s evidence of continued whale accumulation, with 30 million XRP being transferred to a Coinbase (NASDAQ:COIN) wallet in the last few days.

Salamanca (DON) price prediction: new crypto billionaire backs token for ‘high-upside play’

Salamanca (DON) has quickly become one of the fastest-growing meme coins on Binance Smart Chain since its launch earlier this year.

Within a few days, $DON spiked to all-time highs of $0.00533 before facing selling pressure. However, the token is currently trading at lower price ranges of $0.0020-$0.0021.

Already early investors have seen several 2x-5x gains and now the broader market sees a 2000% opportunity from its current standing.

It is listed on Gate.io, MEXC, and PancakeSwap, which allows it to attract liquidity from both centralized and decentralized pools.

Among the three exchanges, Gate.io is ranked among the top 3 exchanges in terms of volume, which will provide $DON with maximum exposure. Meanwhile, PancakeSwap will ensure low fees and swift transactions for users.

The next big target for a listing would be Binance. With strong community support