Solana has continued to ride the positive wave, with the current price at $150.83—a 2.38% growth over the past 24 hours. Its volume of trade also spiked to $5.1 billion, a 20.35% surge. Its price rose by 13.77% over the week, reaffirming its robust market momentum.
In addition, the consistent climb indicates increased optimism by investors and institutions. Price discovery mode has been established with little retracement in breaking resistance levels. Rising volume and firm market depth are cited by experts as evidence of sustainability.
Solana hits $150 with big backing
SOL Strategies, previously known as Cypherpunk Holdings, announced a $500 million funding deal with ATW Partners. The deal, structured as a convertible note facility, will kick off with a $20 million initial tranche. Future drawdowns remain available, aligning with the firm’s scaling goals.
Furthermore, CEO Leah Wald confirmed the agreement ties capital markets directly to blockchain staking returns. Interest payments will be made in SOL tokens, using up to 85% of staking yields, marking a first in the Solana ecosystem. The structure offers immediate yield generation and balance sheet growth.
Solana’s trend is strong, backed by high ADX
Market analysis indicates that the trend of Solana is intact, with an ADX of 84.8 affirming the strength of the trend. Besides, the DMI spread (39.9/3.3) indicates control by the bulls, but the reading of the RSI at 78.52 indicates overbought levels. Some caution is warranted despite momentum.
Moreover, the key levels are at play. The price is touching R1 at $155, with the potential to move to $160 and $179. The MACD is still positive, although divergence is possible. For new entries, a pullback to $145 is more favorable in terms of risk-reward. A stop below $140 protects positions in the event of a reversal.
