Solana Cellular, a subsidiary of the developer of the Solana community, has revealed its second smartphone, the “Solana Seeker,” on the TOKEN2049 occasion going down in Singapore.
This announcement has brought about an escalation within the worth of the solana (SOL) cryptocurrency, which has seen an 11% enhance within the final 24 hours.
The worth of the crypto asset that It went from $127 to $142 at the momentmarking a big rebound, as seen on the TradingView chart.
He Solana Seeker has already sparked appreciable curiosity amongst customers. Pre-sales have exceeded 140,000 items in 57 nationsdemonstrating the rising demand for cellular units within the web3 ecosystem, Solana Cellular CEO Emmett Hollyer stated in an interview.
Moreover, Seeker comes with an enhanced model of the Solana dApp Retailer, designed to facilitate entry to purposes associated to funds, decentralized finance (DeFi), non-fungible tokens (NFTs), synthetic intelligence (AI), amongst others, the Solana Cellular web site explains.
Seeker is obtainable for pre-sale at $450 for early founders till September 21, coinciding with the Solana Breakpoint convention at TOKEN2049. After that, the worth might be $500, and the business launch is deliberate for mid-2025.
This success contrasts with the primary smartphone launched by Solana Cellular, the “Saga”, which, though it had a sluggish begin, bought out its inventory in December 2023 after a increase in gross sales, a truth reported by CriptoNoticias.
A bullish run is detected for solana
As for the SOL cryptocurrency, exponential development is predicted, in keeping with the market analyst recognized on social media as CryptoCurb.
By way of X, the specialist factors out that SOL has “greater than 200 days of reaccumulation.” Because of this throughout that interval, the worth has remained in a comparatively slender vary, with out main actions up or down. This is named “accumulation,” as buyers are shopping for the cryptocurrency and getting ready for a doable upward motion.
He additionally argues that Solana is “coiling between month-to-month help and resistance.” The worth has been fluctuating between two key ranges. On this case, the help, in keeping with the next chart, is at $122 and the resistance at $208.
The worth chart has fashioned a technical sample often called a “bullish pennant,” the analyst says. It means that after a robust preliminary bullish transfer, the worth consolidates in a slender vary earlier than persevering with its ascent.
“The upcoming breakout to the upside goes to be enormous,” he describes, setting out two doable worth targets. The worth might make a small pause (pit-stop) round $400 earlier than persevering with its ascent. The last word aim could be to succeed in $800 and even exceed that determine.