SOL, the native cryptocurrency of layer-1 blockchain Solana, bounced over 1.56% during Wednesday’s U.S. trading session. The buying pressure followed a renewed recovery sentiment in the market and the recently released validators’ policy by the Solana Foundation to bolster decentralization and operational efficiency. Will the coin price gain momentum for a $200 breakout?
New Validator Policy Could Strengthen Network Decentralization
Apr 23, 2025: The Solana Foundation announced a new policy affecting validators within its Delegation Program. Effective immediately, the Foundation will implement stricter onboarding and offboarding criteria designed to reduce dependency on its delegation and promote broader community involvement.
According to Solana’s head of the staking ecosystem, Ben Hawkins, for every new validator added to the Solana Foundation Delegation Program (SFDP) mainnet delegation, three existing validators will be removed if they meet specific criteria:
- Validators must be eligible for delegation from the Solana Foundation on the mainnet for at least 18 months.
- If the validators hold less than 1,000 SOL in stake outside the Foundation’s delegation.
The initiative aims to decrease the number of validators that solely rely on the foundation’s stake. The policy change underscores the foundation’s commitment to driving and maintaining a robust and decentralized network.
Following the announcement, the Solana price surged 1.63% to $47.5, reinforcing its sustainability above $150.
Sonala Price Sees 18% Breakout Rally With this Breakout
Over the past two weeks, the Solana price bounced from $95.26 to $150.9, currently accounting for 58% of the trading value. The bullish upswing broke the last swing high resistance of $147, signaling a change in the market dynamics.
The coin price also reclaimed the 20-and-50-day exponential moving averages, supporting the renewed bullish sentiment in the market. If the breakout holds above the breached resistance, the buyers could push for another 18 % and challenge the $180 barrier.
On the contrary, if sellers break the $147 floor amid an anticipated retest, the prior breakout would be marked as a fake breakout or bull trap. If true, the SOL price will prolong the current correction trend and hit the revisited $100 support.
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