SOL Flips BNB in the Daily Active Address Count: How High Can Solana Rise in April?
Solana’s (SOL) meteoric value ascent has largely been driving the cryptocurrency market. The token has proven a shocking value development, with momentum that’s unbeatable to cross in the mean time.
Per CoinMarketcap, Solana has spiked almost 60% prior to now month. At press time, the token is sitting at $183, carrying hopes of hitting an all-time excessive quickly.
In a latest improvement, Solana continues to hit new data. The token has recorded a surge in its pockets transactions and has now flipped the BNB Chain in day by day energetic addresses.
Solana Flips BNB within the Day by day Lively Deal with Rely
The cryptocurrency bull market section is especially favoring Solana from all potential fronts. Per Solana Ground, SOL has just lately outpaced BNB Chain in day by day energetic tackle depend. On March 26, the day by day energetic tackle depend on Solana was hovering close to 1.5 million, whereas the BNB Chain metrics stabilized at 1.4 million.
Moreover, the present bull market section famous Solana’s rising presale meme coin frenzy, main the token to the touch new highs. Degen Information, a crypto information platform, took to X to share one other important element about Solana’s newest meme presale tasks. The platform outlined how Solana has taken over Ethereum by producing and internet hosting a few of the largest meme coin tasks this bull season.
What’s In Retailer For Solana This April?
Solana’s latest value efficiency is a mixture of completely different market parts. The token had earlier encountered resistance at numerous value ranges earlier than briefly touching a brand new ATH of $200. SOL is presently sitting at $183, down 2% within the final 24 hours.
For April, the main crypto prediction platform CoinCodex has forecasted a bullish streak for Solana. The platform expects Solana to rise by a whopping 227% by April 27, 2024.
“In line with our present Solana value prediction, the value of Solana is predicted to rise by 227.56% and attain $593.96 by April 27, 2024. Per our technical indicators, the present sentiment is bullish, whereas the Concern & Greed Index is exhibiting 80 (excessive greed). Solana recorded 19/30 (63%) inexperienced days with 16.75% value volatility during the last 30 days.”
Equally, the platform had earlier predicted value ranges at which Solana could expertise slight resistance and stress.
“Primarily based on the present classical pivot level (P1) with a price of $186.46, Solana has assist ranges of $180.70, $175.18, and the strongest at $169.41. Equally, Solana resistance ranges are at 191.98, 197.75, and 203.26.”
Nevertheless, for April, the general momentum predicted for Solana appears constructive from all fronts. It’s to be famous that SOL might want to preserve its bullish uptrend to hit bold value ranges above $200.
“The Solana value forecast for the subsequent 30 days is a projection based mostly on the constructive and adverse tendencies prior to now 30 days. Primarily based on these Solana projections, SOL might be altering palms at $269.17 on April 4, 2024, gaining 48.45% within the course of.”