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The Solana price has risen 6% in the past week, despite dropping 2% in the last 24 hours, to trade at $150.27 as of 7:09 a.m. EST on a 7% decrease in trading volume to $4.5 billion.
The 24-hour drop in the SOL price comes even after DeFi Development Corp scooped up another 17,760 more SOL worth about $2.7M. That brings their total holdings to a massive 640,585 SOL, which is approximately worth $98.1 million at current prices.
🔥 NEW: DeFi Development Corp bought another 17,760 $SOL worth about $2.7M, totaling 640,585 $SOL in its treasury. pic.twitter.com/za6NeFxCYT
— DeFAI Alpha (@defaialpha) July 4, 2025
The purchase happened after the company announced a $100M convertible note raise on July 2 to buy more SOL and fund stock buybacks via prepaid forward agreements. The acquisition comes as speculation of Solana ETF approvals in Q3 2025 heats up.
Solana Price Forms A Massive Bullish Reversal Pattern
The SOL chart highlights a classic double bottom pattern, and the neckline at $184 is the key level to watch. After a wild ride, where Solana crashed 67% from its January yearly peak, the asset tested this neckline resistance before pulling back to $126.
The 50 Simple Moving Average (SMA)on the 2-day chart at $148.40 is providing strong support, while the 200 SMA at $166.40 is suppressing the price. With the price sitting around $150, the altcoin is close to the 50 SMA, which could act as a launchpad if the bulls charge again.
Zooming into the Relative Strength Index (RSI) at 49.20 shows the crypto in neutral territory, not overbought or oversold. This suggests SOL has room to run without being exhausted, perfect for a bullish move.
SOLUSD Analysis Source: Tradingview
If SOL smashes through $184 with volume, it could soar toward $200 or even revisit that $295 high. But if it flops, traders might need to brace for a dip back to $126 or lower, testing the 50 SMA’s strength.
Looking at the bigger picture, Solana’s 6% weekly pump signals growing hype, maybe fueled by ecosystem upgrades or market sentiment surrounding potential SOL ETF approvals soon.
Investors might want to keep their eyes peeled for a volume spike, as low-volume breakouts are fakeouts. If there is a clean break above $184, the path to $200 and beyond looks likely. Conversely, a rejection could see SOL sliding to $126 or even $95.
For now, SOL’s holding its own, consolidating at the 50 SMA, and with the crypto market turning green, this could be the start of a major move.
Best Wallet Presale Surges Past $13.6M – Investors Eye 10X Potential
As the Solana price turns bullish, investors who take wallet security seriously are flocking to Best Wallet (BEST), a rising star in the Web3 space that has raised over $13.6 million in its ongoing presale.
Best Wallet isn’t just another crypto wallet; it’s a comprehensive ecosystem challenging industry giants like MetaMask and Trust Wallet. Supporting over 60 blockchains, including Bitcoin, Ethereum, and Solana, it offers a non-custodial platform where users control their private keys.
It has a built-in decentralized exchange (DEX) that connects to over 330 DEXs and 90 blockchains, ensuring low fees and optimal trading rates.
The wallet’s “Upcoming Tokens” feature, a presale aggregator, has already proven its knack for spotting winners, with projects like Pepe Unchained (PEPU) soaring 500% and Catslap (SLAP) skyrocketing 3,000% post-launch.
Alpha doesn’t wait. Neither should you. 🎯
Upcoming Tokens in Best Wallet puts early-stage projects in your hands. 🌐
1️⃣ See what’s trending before the crowd
2️⃣ Learn about each project with in-app info
3️⃣ Buy and track your tokens all in one placeDownload Best Wallet today!… pic.twitter.com/SQofs9A6Na
— Best Wallet (@BestWalletHQ) July 1, 2025
Holding BEST tokens unlocks exclusive perks: reduced transaction fees, staking rewards with a staggering 100% APY, early access to vetted presales, and governance rights to shape the platform’s future.
The wallet’s roadmap includes ambitious plans like a crypto debit card, NFT gallery, and derivatives trading, positioning it to capture a projected 40% of the $9.4 billion crypto wallet market by 2026. Audits by Coinsult and Solidproof add credibility, confirming the token’s secure structure.
Crypto analyst ClayBro, with over 136,000 YouTube subscribers, predicts BEST could surge 10X upon exchange listing, expected in late 2025.
With BEST price at $0.025275, interested investors can buy via the Best Wallet app or the official website using ETH, USDT, BNB, or bank cards.
With the presale nearing its $14 million milestone and a bullish market fueling demand, the race is on to secure tokens at the current rate before the next price increase in around 8 hours
Visit the Best Wallet website.
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