Solana Mobile, a subsidiary of the developer of the Solana network, has revealed its second smartphone, the “Solana Seeker,” at the TOKEN2049 event taking place in Singapore.
This announcement has caused an escalation in the price of the solana (SOL) cryptocurrency, which has seen an 11% increase in the last 24 hours.
The price of the crypto asset that It went from $127 to $142 todaymarking a significant rebound, as seen in the chart below. TradingView.
He Solana Seeker has already sparked considerable interest among consumers. Pre-sales have exceeded 140,000 units in 57 countriesdemonstrating the growing demand for mobile devices in the web3 ecosystem, Solana Mobile CEO Emmett Hollyer said in a interview.
Additionally, the Seeker comes with an enhanced version of the Solana dApp Store, designed to facilitate access to applications related to payments, decentralized finance (DeFi), non-fungible tokens (NFT), artificial intelligence (AI), among others, exposes the website from Solana Mobile.
Seeker is available for pre-sale at $450 for early founders until September 21, coinciding with the Solana Breakpoint conference at TOKEN2049. After that, the price will be $500, and the commercial launch is planned for mid-2025.
This success contrasts with the first smartphone launched by Solana Mobile, the “Saga”, which, although it had a slow start, sold out its stock in December 2023 after a boom in sales, a fact reported by CriptoNoticias.
A bullish run is detected for Solana
As for the SOL cryptocurrency, exponential growth is expected, according to the market analyst known on social media as CryptoCurb.
Through X, the specialist points out SOL has “over 200 days of reaccumulation.” This means that during that period, the price has remained in a relatively narrow range, with no major moves up or down. This is known as “accumulation,” as investors are buying the cryptocurrency and preparing for a potential bullish move.
He also argues that Solana is “coiling between monthly support and resistance.” The price has been fluctuating between two key levels. In this case, the support, according to the following chart, is at $122 and the resistance at $208.
The price chart has formed a technical pattern known as a “bullish pennant,” the analyst says. It suggests that after a strong initial bullish move, the price consolidates in a narrow range before continuing its ascent.
“The upcoming breakout to the upside is going to be huge,” he describes, setting out two possible price targets. The price could make a small pause (pit-stop) around $400 before continuing its ascent. The ultimate goal would be to reach $800 or even exceed that figure.
