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The Solana price jumped 4% in the past 24 hours to trade at $178.10 as of 3:48 a.m. EST on trading volume that 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 Aug. 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
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.
Furthermore, SOL is approaching a key resistance zone between $183 and $207 as well, 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.
Moreover, the Relative Strength Index (RSI) stands at 63.01, indicating intense buying pressure without SOL being overbought.
Fibonacci retracement levels show that Solana is hovering 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.
Meanwhile, investors are 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.
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