• Solana links to PulseChain, Ethereum, BSC, and Arbitrum via the LibertySwap bridge, expanding ecosystem growth.
• Technical indicators, RSI at 61.47 and MACD above zero, support further upside potential.
• Next resistance levels for Solana sit at $250 and $295 if momentum continues.

Solana (SOL) is capturing attention within the altcoin market as its price grows in sync with the wider market. The price of SOL in the past 24 hours has risen by 11.86%, and in the past week by 8.63%.

At the time of writing, SOL is trading at $205.91 with a 24-hour trading volume of $13.13 billion, up significantly by 183.13% over the last 24 hours. The coin has a market capitalization of $111.12 billion, which is also up by 11.88%.

Source: CoinMarketCap

The overall market trend has shifted from a bearish to a bullish cycle as a result of increasing confidence in investors and the positive momentum in BTC. The surge has affected the entire market, including the altcoin SOL.

PulseChain Strengthens Ecosystem With Solana Bridge

A prominent crypto analyst, Richard Heart, highlighted that a new cross-chain bridge has allegedly been launched through LibertySwap Finance, allowing users to transfer value from Solana, Ethereum, Binance Smart Chain (BSC), and Arbitrum directly to PulseChain.

The roll-out stands as one significant move in increasing the interoperability of PulseChain, providing for efficient liquidity exchange between some of the most vibrant blockchain networks. The move paves the way for wider involvement in DeFi, NFTs, and cross-chain trading in the PulseChain network.

The inclusion of Solana is particularly notable due to its fame for speed and scalability, while Ethereum, BSC, and Arbitrum provide vetted liquidity and user bases. By tapping into these top chains, the bridge for PulseChain establishes it as a formidable player within the altcoin arena by providing fee-friendly options along with broader access to multi-chain possibilities.

If it grows in an accelerated way, the bridge could propel huge growth in network activity along with the entire ecosystem build-out for PulseChain.

Also Read: Solana’s Price Surge: Can It Break $190 Resistance and Hit $210?

Solana Eyes $295 With RSI and MACD Bullish Signals

Solana (SOL) builds up speed with technical indicators. The RSI at 61.47 reflects steady buying demand without overbought conditions, while the MACD has reinforced a bullish signal above zero. The Bollinger Bands indicate room to grow after breaking the middle band at $183.86, and primary EMAs (20/50/100/200) remain trending higher with $185.83 now providing excellent support.

Price action has been equally dominant, as SOL broke through the $200 psychological barrier. The breakout validates the bullish structure, and the next areas of resistance are at $250 and potentially $295 if momentum persists. To the downside, support levels are at $185–$170, areas that are significant for traders to monitor.

SOL Derivative Data Points to Sustained Bullish Trend

SOL’s derivative data support further momentum. 24-hour trading volume spiked 109.03% to $50.58 billion, while open interest rose 20.85% to $12.42 billion. Rising volume and leveraged positions point to new capital flows and rising confidence.

The OI-weighted funding rate stands at 0.0116%, exhibiting a weak bullish disposition. Bullish funding implies that the longs are paying the shorts, indicating the willingness to maintain upside bets. The current balance for Solana bodes well for a healthy rally, if the $200 mark holds.

Also Read: Solana Price Steady at $184 with Key Support Around $171 Market Insights