Crypto
Solana Price Ticks Near $105 Resistance Amid Fading Momentum and Surging DeFi Activity
The Solana price has been trading near $104.76, with bulls defending a critical support zone amidst a broader crypto market dip of 0.57% to around $2.72 trillion.
The daily trend is bullish, as evidenced by the EMA20, EMA50, and EMA200 being stacked in alignment, but momentum is beginning to fade, with the MACD histogram showing negative values.
On-chain activity across Solana's DeFi ecosystem is surging, with DEX fee generation increasing sharply, led by Raydium with a 363% monthly increase and Orca with over 80% growth.