News View Non-AMP

Solana Chapter 2: Will Major Announcements Spark a SOL Price Surge?

Published by
Qadir AK

The Solana (SOL) ecosystem is set to take center stage in Singapore for the next two days, with major announcements expected to boost bullish sentiment. Valued at around $80 billion and with an average daily trading volume of $3.4 billion, Solana has been moving in a range between $122 and $192 for the past six months.

The ongoing SOL price consolidation has allowed long-term investors to buy more coins. 

Recent data from CoinShares shows that Solana investment products had a net inflow of $3.8 million last week, bringing the total assets under management (AUM) to roughly $1.108 billion.

Will this fuel the next breakout? Let’s read on.

Key Support Level: Will Solana Hold or Drop?

Veteran trader Peter Brandt warns that Solana’s price needs to rebound from its current support level to avoid falling toward $80. However, the Federal Reserve’s recent 50 bps rate cut has shifted the crypto market outlook, with bulls expected to regain control.

As October approaches, commonly referred to as ‘Uptober’ in crypto circles, a fourth-quarter bull run is anticipated. This trend, expected to continue into next year, could provide Solana with further upward momentum.

Solana Remains a Favorite

After Bitcoin and Ethereum, Solana is the most popular blockchain among institutional investors, thanks to its strong Web3 ecosystem. The network holds over $4.8 billion in Total Value Locked (TVL), and its stablecoin market cap is around $3.8 billion. Additionally, Solana’s monthly active addresses have reached a record high of more than 75 million.

Solana Seeker: A New Blockchain Smartphone

Solana is the only top-tier blockchain with its own smartphone, aimed at pushing mainstream adoption of decentralized finance (DeFi). Ahead of tomorrow’s Breakpoint event in Singapore, Solana has announced a new, more affordable mobile device called the Solana Seeker, priced at about $450.

This device will feature AI integration, allowing users to create tokenized AI agents.

With its growing ecosystem and upcoming product launches, Solana continues to solidify its position as a leading player in the crypto space. All eyes are now on Singapore as investors await key announcements that could shake up the market.

Also Check Out: Ancient Ethereum Whale Sells $24.7M ETH: Is the Bull Run Over?

With a strong foundation, a growing ecosystem, and a dedicated community, Solana is poised to make a significant impact in the crypto world. The best is yet to come. Are you excited?

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Is Altseason Coming? CryptoQuant Analyst Spots Key Accumulation Signal

CryptoQuant analyst Axel Adler Jr. has spotted a potential early sign of a new altcoin…

June 27, 2025

Litecoin LTC Price Prediction 2025, 2026 – 2030: Can Litecoin Reach $1000 Dollars?

Story Highlights Litecoin price today is . Litecoin price may reach a potential high of…

June 27, 2025

Polkadot Price Prediction 2025, 2026 – 2030: Will DOT Price Cross $10?

Story Highlights The live price of the Polkadot crypto token is . Polkadot price can…

June 27, 2025

Toncoin Price Prediction 2025, 2026 – 2030: Will TON Price Reach $10?

Story Highlights The live price of the TON token is Toncoin price could hit a…

June 27, 2025

Pi Network Mainnet, KYC Fixes, and More — What to Expect on Pi2Day

With Pi2Day just around the corner, the Pi Network community is buzzing with hopes and…

June 27, 2025

WazirX Hearing Rescheduled to July 15: Singapore Court Sparks New Hope

The Singapore High Court has rescheduled WazirX’s next hearing in case HC/SUM 940/2025 to July…

June 27, 2025