Solana Seeker mobile dump accelerates ecological layout! SOL price firmly holds the key support at 168 USD.

Solana (SOL) has recently welcomed multiple pieces of favourable information, as the Seeker mobile device officially begins shipping to over 50 countries worldwide, reigniting market enthusiasm for ecosystem expansion. The SOL price has rebounded nearly 7% over the past two days and is currently stabilizing around $168. Derivatives data shows that trader sentiment has shifted from bearish to bullish, with financing rates turning positive and long positions confidence returning. Can SOL continue its rebound trend? How will technical and fundamental factors impact the future market?

Seeker mobile device shipment, Solana ecosystem acceleration expansion

This Monday, Solana announced that its Seeker phone has officially shipped, and is expected to be delivered to users in over 50 countries/regions worldwide. This phone is not only equipped with upgraded technology but also comes with a built-in mobile native cryptocurrency wallet and a decentralized application store, with pre-orders exceeding 150,000 units. The launch of Seeker is expected to further solidify Solana's leading position in the Web3 mobile sector and drive continued activity within the ecosystem.

Interest Rate Turns Positive, Trader Sentiment Clearly Warms Up

According to Coinglass data, the OI weighted financing rate in the Solana derivatives market has shifted from negative to positive (0.0006%), indicating that longs are paying costs to shorts, enhancing the bullish atmosphere in the market. Historical experience shows that whenever the financing rate turns from negative to positive, the SOL price often welcomes a new round of upward momentum. This change also reflects that traders betting on SOL's decline are decreasing, and bullish capital is actively entering the market.

Technical Analysis: SOL Key Support and Potential Targets

Last week, SOL broke below the daily resistance of 184.13 USD, falling 13.44% within five days. However, it quickly rebounded after touching the 200-day EMA (162.75 USD) and the 61.8% Fibonacci retracement level (163.40 USD) on Sunday, rising 4.68% in a single day at the beginning of this week, and is currently hovering around 168.67 USD.

If the 200-day EMA support holds, SOL is expected to challenge the daily resistance at $184.13. The daily RSI is at 47, not yet breaking the neutral 50 level, and a short-term rebound still needs to observe momentum continuation. If the market weakens, SOL may test the 50% retracement support at $150.39.

Conclusion

Solana is accelerating its ecosystem layout with the shipment of the Seeker mobile phone, while market sentiment is also warming up. The SOL price firmly holds the key support at 168 USD, and is expected to challenge higher resistance in the future. However, investors still need to pay attention to changes in technical indicators and the gains and losses of support levels, seizing every market turning opportunity.

SOL-1.34%
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