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Solana Eyes $600 Rally as Anatoly Yakovenko Hints at New Perpetual DEX

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Solana (SOL) continues to show strong technical and market resilience, sustaining its upward momentum amid renewed community excitement and bullish analyst forecasts. The asset’s price has climbed to $192.43, supported by a 24-hour trading volume exceeding $5.8 billion. Despite a marginal 7-day dip of 0.23%, traders see growing confidence in Solana’s trend structure as it consolidates above a key breakout range near $180–$190.

Analysts See SOL Momentum Building Toward $250

Market analyst Lark Davis noted that Solana’s relative strength index (RSI) is nearing a momentum breakout, while the moving average convergence divergence (MACD) is close to forming a bullish cross. 

He added that a potential “W” pattern commonly viewed as a double bottom may be setting up, with a neckline break potentially driving prices toward $250. The main challenge now lies in defending the 200-day exponential moving average, a level that has historically supported major bullish reversals.

Measured Move Projects $600+ as Weekly Chart Holds Firm

Source: X

According to analyst Micro2Macr0, Solana’s long-term structure remains firmly bullish. The measured move on the weekly chart projects a potential rally to over $600 once current consolidation resolves. 

Fibonacci extensions show intermediate resistance at $265 and $451, while support is well-established around $165 and $138. Micro2Macr0 emphasized that a sustained breakout above $250 could confirm a parabolic move toward $458–$600, representing a potential 240% upside if momentum persists through late 2025.

TOLY’s GitHub Activity Fuels Solana Ecosystem Speculation

Meanwhile, community attention has turned to Solana co-founder Anatoly Yakovenko, known as Toly, after new GitHub activity suggested he may be developing a perpetual decentralized exchange (DEX) on the Solana network. This development underscores Solana’s continuous innovation drive and strengthens its DeFi positioning.

Adding to market buzz, Coinpaper reported that Solana’s official X account released a cryptic teaser featuring glowing cards and a payment chime, ending with the date 'October 20, 2025.' The community expects this reveal to introduce a Solana-branded debit or credit card, signaling deeper integration between blockchain payments and real-world financial systems.

6h ago
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