What is the Solana system improved?

TVL on Solana

Different from the previous period, instead of TVL on the entire ecosystem having saturation, in the past few days, DefiLlama’s statistics show that TVL on Solana has grown again above $6.0B.

This can be considered as one of the good signals that the cash flow is still interested in the Solana ecosystem.

Solana featured events

Hacker Houses Round 2

Following previous Hackathons or Hacker Houses series, Solana continues to organize Hacker Houses Round 2 events in cities such as Bengaluru, Tokyo, Austin, London, Barcelona.

Solscan tool "changes new clothes"

On Solana’s Twitter page, it was said that Solscan has been upgraded to a new version with the goal of optimizing user experience.


The most special feature in this Solscan ver2 version is the feature that allows users to follow closely the NFT and DeFi situation on the Solana ecosystem through NFT Dashboard and DeFi Dashboad.

Opensea launches on Solana

In an announcement on March 30, Solana said that their ecosystem will welcome the leading new member of the NFT Marketplace – Opensea segment to their ecosystem.

The arrival of Opensea may cause Magic Eden to share a slice of the NFT market on Solana, but in a more ideal scenario, the arrival of Opensea could help NFT reach more people.

Is the SOL price data still pretty Bullish?

Looking at the situation of SOL price in frame D, after correcting to the $73.80 area, buying pressure was present quite well when it pushed SOL price to recover back to the resistance of $139 with the Vol up trending.

Right after that, SOL was leveled off at the resistance area of $139, but if you look closely, you can see that even at this resistance level, all candlesticks have upper shadows, but their Vol tends to decrease.

–> This factor shows that the buyers are wary, but the selling pressure also shows some decline at the resistance at $139.

In my opinion, this may be due to market psychology. Because BTC is still holding its position above the psychological $45K level, it also partly reinforces the confidence of investors in the market.

n the 4H frame, you can see more clearly that SOL when approaching the resistance at $139, the selling pressure shown through the Volume tends to decrease significantly.

–> This shows the consensus that selling pressure has declined as shown in frame D.

  • Trend D: Up.
  • Support: $118 – $100.
  • Resistance: $139 – $166 – $193.
Source: https://meocrypto.com/the-solana-system-improved/

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