Solana Targets $212 As SOL Founder Builds New Percolator DEX Project
- Solana gains traction as founder Anatoly Yakovenko unveils plans for a new Percolator Perp DEX.
- The project aims to strengthen Solana’s DeFi ecosystem and expand its on-chain trading capabilities.
- Market observers anticipate a bullish continuation if SOL breaks through the $208–$212 resistance range.
Solana (SOL) is gaining traction as founder Anatoly Yakovenko lays the foundation for a new Perp DEX under the name Percolator. Recent developments have also increased enthusiasm around the block, with a surge in Solana’s DeFi arena. Analysts are confident that the price will further grow if the critical resistance areas are broken through sufficiently.
At press time, Solana (SOL) is priced at $191.2, with a 24-hour trading volume of $12.69 billion and a market capitalization of $105.16 billion. The token has seen a 0.21% gain over the last 24 hours, indicating continuous momentum following recent price volatility.
Solana Founder Builds Percolator DEX
Popular crypto analyst, Crypto Mister, highlighted that the founder of Solana Anatoly Yakovenko has begun working on a new limitless decentralized exchange (Perp DEX) dubbed Percolator, to be constructed directly onto the SOL network.
The development has already raised hopes within the community, with the majority taking it to be yet another important step toward consolidating the DeFi ecosystem of SOL.
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Solana Builds Momentum For Next Breakout
Meanwhile, More Crypto Online noted that the price movement for SOL has created a new local top, suggesting that the market is building up for the next rise higher. The analyst also indicated that if the price stayed above $186.38, the setup could be forging a 1-2 setup within the wave C to the higher edge.
Nevertheless, they also confirmed that the broader configuration remains week, for the recent rise up remains not without a stable base. Short-term, a rise above the $208–$212 region is considered here a necessary goal for buyers.
Such a clearing of the horizon would open the possibility for undertaking a more determinate higher direction for SOL, a potential confirmation for the burgeoning optimism that surrounds the effort, and the burgeoning ecosystem.
Solana Community Sentiment Soars High
The Solana community is a strong bullish, with 85% of the users Bullish about it keeping going up. Such bullishness is highly strong, reflecting strong confidence in SOL technology, ecosystem build-out, and price strength.
15% bearish, showing very minimal indecision among investors. The overall position indicates overwhelming support among the populace, with investors expecting the price and adoption of SOL to go up further at the short end.
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