- Solana hits a major milestone as Jump Crypto’s Firedancer goes live, enhancing network speed.
- Bitget introduces UEX, allowing instant trading of any Solana-based token for over 100M users.
- SOL shows a 4H correction with strong support, eyeing a move toward $230 if $146 holds strong.
Solana reached a major milestone with the launch of Firedancer on its mainnet, a high-performance validator client developed by Jump Crypto. Firedancer has concluded controlled testing that took many months. It is finally ready for production and helps enhance network speed and stability and decentralization.
Source: X
This had a positive effect on the market, with the token seeing a gain of around 5%, moving closer to the $140 mark. This is a sign of renewed confidence among investors, as Firedancer helps to improve the reliability of the network in DeFi, NFTs, games, and institutions.
Also read: Solana Targets $145 as SGB & WisdomTree Boost Institutional Adoption
Bitget Launches UEX for Instant Solana Token Trading
However, Bitget has introduced UEX, which is a trading service that allows its 100 million+ users to trade any network-based token instantly without having to wait for the listing of such assets on a traditional exchange. This sorts out significant barriers to entry for traders who get direct access to newly issued assets without compromising security or liquidity.
In this way, UEX smoothes the listing threshold, combining the speeds of DeFi with the scale of a centralized exchange, ensuring earlier market access and wider token discovery. The network projects gain immediate visibility, while users gain rapid, unrestricted access to new crypto opportunities.
Solana Holds Support and Eyes $230 Target Ahead
Moreover, the crypto analyst, Don, revealed that it is currently moving in a corrective phase after a strong prior uptrend. Price is trading within a descending channel, printing lower highs and lower lows, while the turquoise moving average continues to act as dynamic resistance. Bearish momentum is still present, but it is slowing as price tests the lower boundary of the structure.
source: Don
Price is holding a well-established rising support, indicating strong demand and possible basing. If this support holds and the price breaks above the descending channel, upside targets sit around 146 first, then 205–230 in an extended move. A clean breakdown below support would invalidate this setup and open the door toward the 115–120 downside zone.
Also read: Solana Poised for Rally: Key Levels Suggest $150 Upside
