Solana: WalletConnect Drives $3.82B DeFi Volume
Solana DeFi volume via WalletConnect hits $3.82B with DeFi as top category, while SOL trades at $73.26 amid bearish EMA and MACD signals.
SourceAnalysis
WalletConnect processed nearly $3.82B in Solana DeFi transactions, making the sector the dominant spending category according to the latest breakdown.
SOL price action shows a bearish trend with the asset at $73.26, sitting below both EMA50 at $75.07 and EMA200 at $74.93 while MACD registers a death cross at -0.56. Price remains inside the Bollinger Bands, capped by upper resistance at $77.27 and supported near $71.98, suggesting limited upside until a decisive break occurs.
Traders tracking SOL price prediction models now weigh this volume surge against the compressed volatility range, as Bitcoin flows and broader crypto market dynamics continue to influence Solana liquidity.
Pedro Gomes
@pedrouidBuilding @WalletConnect Network
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