Apart from ETF activity, broader sentiment around layer-1 networks has improved over the past week. Risk appetite in the altcoin market is rising and Solana’s daily Active Addresses have are gaining momentum.
AMBCrypto analysis indicated that both 7-day Moving Average and monthly Active Addresses was on surge.
This affirms the aforementioned bullish metrics and adds more likelihood for the projected rally to $250 in the near future.
Still Solana investors need to remain cautious. SOL price action presents a significant resistance zone sits just below the $206 level, where profit-taking could temporarily stall momentum.
However, if ETF inflows maintain this pace and whale accumulation continues, a push toward the $250 could be on the horizon.
#HTX community ✖ SUNPUMP Creator Championship#Post To Earn Bonus#Claim1,200 USDT in the Monthly Creation Challenge#Buy Bitcoin’s dip,’ says Eric Trump#Whose “child” is ES — Solana or Ethereum?
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