Solana PayPal Integration Drives SOL to $170: Price Could Rally in June
Solana (SOL) is experiencing a surge in momentum, fueled by several key developments, most notably its integration with PayPal. This partnership has propelled SOL's price to around $170, and analysts are predicting a potential rally in June. Solana price surged 8%, briefly crossing the $151 mark on June 17, following the integration of PayPal’ PYSUSD stablecoin into the SOL DeFi ecosystem, here’s what to
PayPal Integration: A Game Changer for Solana?
The integration of PayPal into the Solana ecosystem is being hailed as a significant catalyst for growth. Solana’s PayPal Integration: PayPal has expanded its cryptocurrency offerings to include Solana (SOL) and Chainlink (LINK), allowing U.S. users to buy, hold, sell, and transfer Hace 2 días.
The partnership with PayPal and Venmo could significantly boost Solana’s visibility among non-crypto users. These platforms have millions of active users who now have access to SOL, potentially driving adoption and demand.
Technical Analysis: SOL Clings to Support at $170
From a technical standpoint, SOL is showing resilience. On the chart, SOL has found a strong grip at the $168–$170 support zone. It has bounced back decisively and reclaimed the key level of $172.50, which now aligns with the 9. This strong support level suggests that SOL may be poised for another upward move.
However, caution is advised. Price outlook cautious as SOL clings to support. Despite the promising technical upgrades, market participants are watching SOL’s near-term price action closely. After rallying .
Other Factors Boosting Solana's Price
The PayPal integration isn't the only factor contributing to SOL's positive performance. Solana rises 3% as new consensus protocol upgrade and Galaxy Digital partnership boost momentum, while price consolidates between $160-$180 range. Technical upgrades and strategic partnerships are further strengthening the Solana network and its potential for future growth.