Satoshi

Solana

Spike

RebelSatoshi

PEPE

<p>Some important metrics on the Solana blockchain have continued to rise in the last few days, raising talks about the possibility of a price rally. Let’s look at these metrics and how SOL price action is reacting to them in the next few paragraphs.</p>
<p><a href="https://solscan.io/analytics" target="_blank" rel="noopener noreferrer nofollow">Data from Solscan</a> show that the number of active wallets on the Solana blockchain has risen to more than 919,000 in the past 7 days. New token accounts in the last 7 days have also risen to over 9 million. These rising metrics may suggest that a change in price trajectory may be on the horizon.</p>
<p>This rising metric is also following a continued rise in the SOL price action in the past 1 week. The price, which had been on a downtrend 5 weeks ago, has had the longest number of bullish days since then.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="484" src="https://captainaltcoin.com/wp-content/uploads/2024/06/image-1202-1024x484.png" alt="" class="wp-image-518563" srcset="https://captainaltcoin.com/wp-content/uploads/2024/06/image-1202-1024x484.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1202-300x142.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1202-768x363.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1202-1536x726.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1202-2048x968.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1202-317x150.png 317w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1202-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1202-740x350.png 740w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1202-788x372.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1202.png 1963w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/floki-meme-coin-presents-a-buy-the-dip-opportunity-while-pepe-could-spike-28-price-outlook-and-key-levels-to-watch/" target="_blank" rel="noopener noreferrer nofollow">FLOKI Meme Coin Presents a Buy the Dip Opportunity While PEPE Could Spike 28%: Price Outlook and Key Levels to Watch</a></em></strong></p>
<p>However, the price is still below the 50-day simple moving average, which could potentially serve as resistance. Also, the price is still within a falling wedge pattern. We need to see a breakout to confirm any upward rise.</p>
<p>A breakout from the 50 SMA and the falling wedge pattern could be the start of a short-term rally if on-chain metrics remain continuously bullish.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/solanas-on-chain-activity-rises-sol-price-to-rally/" rel="noopener noreferrer nofollow">Solana’s On-Chain Activity Rises – SOL Price To Rally?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Solana’s On-Chain Activity Rises – SOL Price To Rally?

Table of Contents

CaptainAltcoin

Other articles published on Jun 30, 2024

Why BlockDAG’s $54.5M Presale & Cutting-Edge Dashboard Outshine ICP and RNDR for 2024’s Top Crypt...

Blast’s AI Yield Aggregator: Transforming Investors into Millionaires by 2025

MoonBag Scalability: Scaling to New Heights with a 10x Vision According to Analyst, While Celesti...

Saudi Arabia joins the wrong Blockchain…

Chainalysis Reports EU’s New Stablecoin Rules, Effective June 30

MoonBag’s Presale Success and Scalability Leave MATIC and SLOTH Astonished

Join our free newsletter for daily crypto updates!