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The Solana price has soared 4% in the last 24 hours to trade at $120.97 as of 11:09 p.m. EST on a 24% increase in trading volume to $5.9 billion.
The price surge follows PayPal’s official confirmation that is has expanded its US crypto services to include SOL and Chainlink (LINK).
The payments giant announced late Friday that users can now buy, hold, sell, and transfer SOL and LINK directly through PayPal and Venmo wallets. This move signals deeper mainstream adoption.
Exciting news! @PayPal is expanding our U.S. cryptocurrency service by adding Chainlink (LINK) and Solana (SOL).
🔵 Chainlink (LINK) enables advanced smart contracts by connecting real-world data to the blockchain.
🔵 Solana (SOL) is known for its fast transaction speeds,… pic.twitter.com/22GvAuBNHH
— Alex Chriss (@acce) April 4, 2025
According to data from Solscan, daily active addresses on Solana have spiked 12% this week to 3.25 million. At the same time, the Total Value Locked (TVL) in Solana’s DeFi ecosystem also rose to $6.69 billion, up 5% over the last day, per DeFiLlama data.
Solana Price Finds Support At $117 – All Eyes On $145
The Solana price chart reveals an asset in a downtrend but attempting a breakout. The price previously traded within a downward channel but recently broke above it, finding key support around $112.
An analysis of recent candlesticks shows an ongoing battle between buyers and sellers, suggesting a potential reversal or accumulation phase. Low volume on dips indicates weak selling pressure, which means a surge in volume could confirm a trend reversal from the current price point.
SOLUSDT Analysis Source: Tradingview
Up ahead, the price of SOL eyes the 50-day simple moving average (SMA) at $145 as the next immediate resistance. The relative strength index (RSI) is at 41.02 and is headed downward, indicating neutral to bearish momentum.
If the RSI moves above 50, it would confirm a bullish momentum, pushing the price of SOL beyond $145 to the 200-day SMA at $182. This is the next major resistance level before the $200 psychological barrier.
Conversely, if bear pressure increases and the SOL price breaks below the $112 support level, the asset may likely slide back into the falling channel and drop to $80 (channel midline) or as low as $60, which coincides with the bottom channel trendline.
Solaxy Presale Zooms Past $29.2M- Next Crypto To Explode?
As the Solana price surges, new SOL layer-2 project Solaxy (SOLX) is racing toward $30 million in its presale.
The Solaxy project is drawing significant attention for its bold mission to become the first Layer-2 scaling solution for the Solana blockchain, tackling the network’s persistent congestion woes.
Solana, valued at over $62 billion, has long been celebrated for its high-speed transactions. However, heavy traffic, often fueled by meme coin frenzies, has exposed its limits, with delays and failed transactions frustrating users.
Solaxy promises a fix: processing transactions off-chain before bundling them via rollups for final settlement on Solana’s mainnet.
This “fast lane” approach aims to slash fees and boost efficiency, offering a lifeline to developers and traders alike.
🛸 Tomorrow's Tech. Today. 🛸
◎ Lightning-fast swaps
◎ Minimized gas fees
◎ Enhanced scalability without compromising security$SOLX is built to handle high volumes effortlessly. 🔥https://t.co/mdaTX9aVVx pic.twitter.com/MdXfSYy0eF— SOLAXY (@SOLAXYTOKEN) April 4, 2025
Solaxy’s ambitions don’t stop at scaling. Plans for a Solana-Ethereum bridge could unlock cross-chain liquidity, blending Solana’s speed with Ethereum’s DeFi heft—a move analysts say could redefine its utility.
Nass Crypto, a top YouTube crypto channel with over 1.08M subscribers, says SOLX could soar 100X after its launch.
Investors can also earn a huge 140% annual return on staked SOLX tokens. Over 7.8 billion tokens are already staked.
SOLX tokens are currently priced at $0.001684 each. Early presale participants can buy in using crypto or bank cards, aided by a partnership for users of Best Wallet that offers seamless in-app purchases.
Buy before a price hike in about 11 hours to lock in the best deal.
Learn more about Solaxy via the official website.
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