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cat in a dogs world

The post <a href="https://coinpedia.org/news/why-solana-sol-price-could-hit-ath-forces-behind-its-impending-parabolic-rally/">Solana Price Set to Hit New ATH: What You Should Know</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
<a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/">Solana (SOL)</a> is emerging as a standout player in the blockchain world. It’s focused on making smart contracts scalable, and in recent months, it’s been gaining momentum, gearing up for what could be a remarkable surge. With a valuation of around $109 billion, Solana seems poised for a breakthrough to reach a new all-time high (ATH). 
Recent data from the crypto market shows that SOL’s price is getting closer to its ATH, currently hovering at about $190 during the mid-London session, just 26 percent away from its peak. 
<h2 class="wp-block-heading" id="h-will-the-powerhouse-win-the-war">Will the Powerhouse Win the War?</h2> 
The Solana network has grown to a major web3 hub with about $4.8 billion in total value locked (TVL) and nearly $3 billion in stablecoins market cap. Despite the <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/">Ethereum (ETH)</a> network remaining the undisputed web3 leader, the Solana network has recorded heightened on-chain activity emanating from its DeFi protocols. 
A deeper dive into Solana’s on-chain activity reveals a thriving ecosystem. Market data from Defillama indicates an average trading volume of around $1.2 billion within Solana’s web3 ecosystem, highlighting its growing importance in the crypto world. 
Meme Mania All Around! 
Driving this surge in on-chain activity is the frenzy around meme coins like <a href="https://coinpedia.org/price-analysis/dogwifhat-wif-becomes-the-3rd-largest-memecoin-whats-next/">dogwifhat (WIF)</a>, Bonk (BONK), and cat in a dogs world (MEW). These meme coins have injected over $45 million in SOL liquidity, further boosting Solana’s momentum. 
Read More: <a href="https://coinpedia.org/price-analysis/here-is-why-you-need-to-be-bullish-on-solana-a-fresh-bullish-spell-could-trigger-a-30-jump/">Here is Why You Need to be Bullish on Solana: A Fresh Bullish Spell Could Trigger a 30% Jump</a> 
<h2 class="wp-block-heading" id="h-solana-bulls-charge-ahead">Solana Bulls Charge Ahead </h2> 
As March came to a positive close, Solana bulls are feeling optimistic about the weeks ahead. Analysis of weekly and daily time frames reveals an ascending triangle in SOL’s price against the US dollar, suggesting a potential bullish breakout. 
What Next? 
If SOL manages to break the resistance at $205, it could trigger a rally towards the liquidity range between $218 and $230. This critical point aligns with the 0.5 and 0.618 daily <a href="https://coinpedia.org/traders/crypto-trading-precision-leveraging-fibonacci-and-price-action/">Fibonacci Extension levels</a>, indicating the potential for a bullish surge. 
Also Check Out: <a href="https://coinpedia.org/price-analysis/top-memecoins-preparing-for-an-explosive-100-rally-in-april/">Top Memecoins Preparing for an Explosive 100% Rally in April</a>

Solana Price Set to Hit New ATH: What You Should Know

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