Solana Surges 1.057% as MetaMask Integration Boosts Ecosystem

Solana's latest price was $176.61, up 1.057% in the last 24 hours. This increase reflects the growing interest and confidence in the Solana ecosystem, which has seen several significant developments recently. One of the most notable advancements is the integration of Solana with MetaMask, a widely-used Ethereum wallet. This integration allows users to transact on the Solana network and interact with Solana-based applications directly through MetaMask. Initially available on desktop, this feature is expected to extend to the MetaMask mobile app in the coming weeks. This move is part of MetaMask's broader strategy to support non-EVM networks, with Solana being the first to be integrated. This development is expected to enhance user experience and accessibility, making it easier for users to manage their wallets across different networks.

Another significant development is the analysis provided by Master Ananda, a popular pseudonymous TradingView analyst. Ananda has recommended traders to "buy like it’s the end of the world," citing stacking catalysts that create a fertile environment for growth. Ananda's analysis highlights a bullish reversal structure with parabolic potential shaping the mid-term Solana outlook. The analyst notes macroeconomic shifts as a potential catalyst for altcoins, with the US Federal Reserve expected to initiate interest rate cuts in the coming months. However, the broader altcoin market remains stagnant due to rising US-EU tariff tensions and investors flocking to safe-haven assets like Bitcoin and gold amid a weakening dollar.

Ananda's analysis also points to a "textbook" rounded bottom pattern breakout, spurred by an 80% climb since the mid-April market bottom, which has set Solana on the path to new all-time highs. With a break above its baseline resistance at $160, the level has now flipped to support as a psychological stronghold for the market. Ananda believes that as long as the $160 level holds, the current trend is likely to extend to higher Fibonacci resistance levels, culminating in the 1.618 extension at around $420—a 120% gain. Even if the Solana price dips below $160, Ananda suggests it would likely be a temporary shakeout or bear trap, emphasizing that $420 may not even mark the final target.

Additionally, the rounded bottom breakout could ignite a move through a broader cup-and-handle pattern dating back to late 2021, currently trading within the descending channel forming the handle. While momentum from the immediate breakout has cooled into consolidation between $160 and $190, Ananda maintains that Solana’s bullish trend remains intact. Technical indicators support this view, with the RSI holding steady above the neutral 50 mark at 53, signaling that buying pressure continues to outweigh selling on higher timeframes. The MACD line continues to build its lead on the signal line following a golden cross, a formation typically coinciding with longer-term uptrends on the weekly chart.

Furthermore, the development of Solaxy, a new Layer-2 scaling solution for Solana, is expected to significantly reduce congestion and lower transaction costs while offering seamless interoperability across both blockchains. With over $40 million in its ongoing presale, investors are already rallying behind the project. When demand for Solana increases, Solaxy could be the one to reap the fresh ecosystem liquidity. This development is seen as a critical gap filler in the Solana ecosystem, enhancing its DeFi and cross-chain use cases.