Solana eyes a $120 breakout as institutional ETF inflows and surging DEX volumes bolster the token's defense of the $100 support level.
Solana is experiencing a strong recovery supported by a 10-week streak of positive net inflows into its ETFs and a 20% surge in weekly app fees. With trading volumes jumping 64% and the token successfully defending the $100 support level, analysts anticipate a potential rally toward $120 if it breaks the $108 resistance.
If the token breaks past the $108 resistance, it is expected to target $120.
Institutional interest remains robust, evidenced by a 10-week streak of positive net inflows into Solana-linked ETFs.
Zcash has benefited from the broader altcoin market momentum, recording a 41% rally over the past seven days. Its price action is currently correlated with the overall bullish sentiment in the crypto sector despite macroeconomic uncertainty regarding Fed interest rate policies.
Zcash has rallied by 41% in the past seven days.
Uniswap has mirrored the performance of other major altcoins, achieving a 37% gain in the last week. The asset is riding a wave of positive market sentiment that has pushed crypto prices higher despite heated rhetoric between the White House and the Federal Reserve regarding interest rates.
Uniswap rallied by 37% over the past seven days.
Solana (SOL) maintains bullish momentum, defending the $100 support level amid a 64% surge in 24-hour trading volume. Despite macroeconomic uncertainty and shifting Federal Reserve rate hike expectations, institutional demand remains robust with a 10-week streak of positive ETF inflows. Analysts eye a potential move to $120 as on-chain metrics, including a 20% weekly increase in app fees, signal a broader recovery.
The rally is supported by consistent ETF inflows, a 20% increase in weekly app fees, and high DEX volumes that mirror activity levels from earlier this year.
The $100 mark serves as a key psychological support and a heavily contested zone for bulls and bears; maintaining this level is essential to sustain the current upward trend.