Solana flies away by 8 %, is the storm over or does the worst be to come?

From red to green, suddenly, the Crypto market has regained strength. Thanks to Jerome Powell and all the joyful FOMC troop which, with its ads, obviously gave investors a boost. Bitcoin and Altcoins followed, taking advantage of an upward dynamic. Among them, Solana distinguished himself with an increase of 8 % in one day, stirring the interest of traders. But is this rise in power lasting?

Solana flashes with an increase of 8 %: simple straw fire?

The Fed has chosen to maintain its rates, it is a fact. But the crypto market followed American stock market indexesin particular the Russell 2000, which jumped at its highest level in twelve days. Interesting, this Solana's push It is not due to specific announcements on its ecosystem, but is part of a broader context of regain of appetite for risk among investors.

Despite a overall slowdown in DAPPS activitySolana continues to attract incoming flows and strengthens its position.

While Its on-chain volumes fell 47 % In two weeks, a similar phenomenon touch Ethereum, Arbitrum and Avalanche. However, Solana displays an impressive solidity: its total Value Locked (TVL) has climbed to 53.2 million soil, marking an increase of 10 % over a month.

This progression exceeds that of BNB Chain (+6 %)while Tron sees his deposits drop by 8 %.

Other signals confirm this resilience:

• Bybit Staking has had a 51 % increase in his deposits since February.
• The DRIFT perpetual trading platform records an increase of 36 % of its TVL.
• The Fragmentmetic Restoking application is experiencing an explosion of 65 % of floor deposits.

With TV of $ 6.8 billionSolana stands out as the second largest blockchain in locked value, far exceeding BNB Chain. Despite a drop in activity of DAPPS, certain Solana platforms such as Jupiter, Pump.Fun and Jito generate higher costs than giants like Uniswap.

Last striking fact: The weekly costs of Solana recently surpassed those of Ethereuma strong sign of its growing adoption.

The crypto floor ready for a new flight despite market uncertainties?

Despite A 27 % drop in soil price In the past 30 days, leverage traders have not bet massively on its decline. A clue that suggests that The selling pressure is not enough to shake the crypto solana. This is evidenced by the financing rate of term contracts, which has remained balanced between buyers and sellers.

Analyst Crypto Agentxbt underlines that Soil seems to be in the accumulation phase ::

Solana continues to consolidate in an increasingly narrow fork. Its current action suggests an accumulation phase, prefiguring a more marked movement.

Several technical indicators confirm this: A RSI at 41.66 signaling bull potential and Low volatility (BB Width at 12.34 %)suggesting an imminent explosion of the price.

Investors also monitor the dynamics of Tokens' unlocking. In April, 2.72 million soil will be released, But only 0.79 million in May and June. A downward offer, combined with potentially increasing demand, could well propel soil beyond $ 170.

To see Solana reaching $ 180, several conditions must be met: the interest of leverage traders, stable demand and an increase in the volume of transactions. Will the market are waiting for the right time to start from the front?