Solana Jumps 7% as Seeker Phone Ships to 50+ Countries, Price Eyes $184
Solana is looking up, currently at $168.67 on Tuesday after gaining 7% in 2 days. This comes after Solana Mobile’s Seeker phone...
Quick overview
- Solana's price has risen to $168.67 after a 7% gain in two days, coinciding with the launch of the Seeker phone in over 50 countries.
- The Seeker phone, which has over 150,000 pre-orders, features a built-in crypto wallet and aims to enhance mobile-first Web3 adoption.
- Trader sentiment has turned bullish, with a positive funding rate indicating more traders are betting on price increases, historically leading to significant upswings.
- Solana's price is currently testing support levels around $162.75, with a potential retest of resistance at $184.13 if bullish momentum continues.
Solana is looking up, currently at $168.67 on Tuesday after gaining 7% in 2 days. This comes after Solana Mobile’s Seeker phone—a crypto-native smartphone—has started shipping to over 50 countries.
The device which had 150,000+ pre-orders has a built-in crypto wallet and a decentralized app store to promote mobile-first Web3 adoption. In a recent post on X, the Seeker team said, “We’re sending tens of thousands of devices worldwide, so sit tight as your order arrives in the coming weeks.”
The global rollout not only increases Solana’s visibility but could also lead to more network usage, developer onboarding and transaction volume—key to long term growth.
Trader Sentiment Turns Bullish on Derivatives
CoinGlass data shows a shift in trader sentiment. On Tuesday, the OI-Weighted Funding Rate for Solana turned positive at +0.0006%, meaning more traders are betting on the price going up than down. Positive funding means longs are paying shorts, a bullish sign.
Historically, such shifts from negative to positive funding have preceded big upswings for SOL.
Key Points:
- Funding Rate: +0.0006%, bullish
- Market Mood: Optimism back after last week’s correction
- Historical Pattern: Positive funding leads to rallies
This could support the recovery if fundamentals—mobile adoption and positive news—continue to line up with technicals.
Price Outlook: Levels to Watch
Solana fell below its resistance of $184.13 and declined 13.44% in 5 days. It bottomed out near the 200-day EMA at $162.75 which also coincides with the 61.8% Fibonacci retracement at $163.40.
This confluence zone is now acting as support. Since bouncing from here, SOL has been moving up and is eyeing a retest of $184.13.
But the RSI is still below 50, currently at 47, so the bullish momentum is still in early stages.
If SOL breaks below $162.75 the next support to watch is $150.39.
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