[LIVE] Solana plans to surpass Ethereum by the end of the year

After a powerful rally in 2024, SOL has been in a phase of price consolidation for several months. During such periods of sideways trading, traders typically buy assets at the lower boundary of the range and take profits at the upper boundary. This strategy allows for the effective use of price fluctuations within a clearly defined trading corridor.

A key point in such a situation is the careful monitoring of potential breakouts of the range boundaries. When the price moves beyond the consolidation, a new strong trend often forms with an impulsive movement either up or down.

Development of the Solana ecosystem

Despite the sideways price dynamics, the Solana ecosystem is actively developing: over the past month it has generated about $5 million in revenue, confirming the network's status as one of the leaders in financial performance in the blockchain industry.

Currently, Solana is preparing for the implementation of the largest technical upgrade – Alpenglow. This solution, which was voted for by over 98% of the community, will reduce transaction confirmation times to an impressive 150 milliseconds.

Such technical advancements open up wide opportunities for the integration of real-time AI services on the Solana blockchain – from automated DeFi agents to direct calls to large language models (LLM) directly on the network.

At the same time, there is a growth in liquid staking infrastructure. A total of 57 million SOL has already been placed in LST solutions, which accounts for approximately 13.65% of the total staking volume of 418 million SOL.

Technical Analysis of SOL

From a technical analysis standpoint, Solana demonstrates resilience above the psychologically important mark of $200. The former resistance level has successfully transformed into a support zone. The digital asset is making active attempts to overcome the bearish trend.

Key support levels of interest to professional traders are located at $177 and $126, although, according to market analysts, testing the latter level appears to be an unlikely scenario.

As the price moves upward, the main barrier forms in the $250–$285 zone. A successful breakout of this resistance could pave the way first to the $350 level and subsequently to the ambitious target of $400.

Technical indicators also indicate potential for growth. The Relative Strength Index (RSI) is around the mark of 46, and the Moving Average Convergence Divergence (MACD) is approaching the signal line. The overall technical picture shows structural resilience of the asset. If Solana maintains positions above $200 and overcomes the supply zone, the market may see the formation of a long-term upward momentum towards $400.

Promising low-cap projects: TOKEN6900 and PEPENODE

The TOKEN6900 project demonstrates significant growth in investment interest: over the last few hours, an additional approximately $200 000 has entered the presale at the current token price of $0.007125. The total amount of funds raised has already exceeded $3.52 million.

The launch of the project coincided with a period of stabilization in the cryptocurrency and stock markets before a potential bullish impulse. The expected labor market data in the US could have a significant impact on the Federal Reserve's monetary policy regarding interest rate cuts.

During periods of market uncertainty, many traders pay attention to the memecoin segment. TOKEN6900 offers a non-standard approach that differs from classical financial projects. This token is positioned as an ironic commentary on the world of traditional finance and represents "brain-rot" culture, contrasting itself with conservative trading.

PEPENODE: a new approach to meme coin mining

PepeNode (PEPENODE) is an innovative mine-to-earn project that implements the concept of useful meme coins. The project has already raised $562 000 during the presale phase for the development of a virtual mining system.

Unlike traditional meme coins, PepeNode offers a unique cryptocurrency earning model through the first-of-its-kind meme coin mining platform. Users acquire virtual nodes, enhance the infrastructure, and receive rewards while interacting with the ecosystem.

An important feature of the project's economic model is the deflationary mechanism based on the burning of tokens with each reward received. This contributes to the gradual reduction of the total supply of coins and, theoretically, increases the value of the remaining tokens.