New DeFi coin gains 22% as Solana, Tron suffer from market volatility

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As Solana dips and Tron gains, Unilabs Finance surges 22%, drawing investor interest amid market volatility.

Many investors and traders have shown concerns after the Solana price plunged $142. Meanwhile, the Tron price has increased on the weekly timeframe amid market volatility.

But as uncertainty looms, a new DeFi cryptocurrency called Unilabs Finance (UNIL) is defying the odds. With a recent 22% price surge and growing investor attention, this AI-powered platform is gaining traction.

Solana forming cup-and-handle pattern

According to Ted Pillows, one of the most famous crypto analysts on X, the Solana price may be set for a reversal. He told his followers the Solana price is forming a potential cup-and-handle after a recent downtrend hit the market on Thursday.

Meanwhile, Ted believes the correction would not last due to increased network activity. Data from CryptoDep reveals the Solana network had the highest number of monthly active users, topping the likes of Near Protocol and BNBChain.

Therefore, Ted believes that the Solana price will retest the $140–$145 zone before a rebound takes place. In the meantime, the Solana price witnessed a sharp decline on Thursday. According to CoinMarketCap data, the price of Solana has dropped by about 9.5% in the weekly timeframe.

Although the Solana price dropped as low as $142, bulls are currently forcing an uptrend. However, if market sentiment improves, the Solana price could recover the $150 level in the next few days.

Tron price rises; Analyst predict massive upside

The price of Tron is going against market sentiment, according to data from CoinMarketCap. The value of the DeFi token has increased by 2.1% and 12.7% on the weekly and monthly charts.

On a wider scale, the Tron price has been on an upward movement in the past three years. Nevertheless, the Tron price faces strong resistance around the $0.28 region. If the Tron price fails to cross this level, it could drop to the $0.26 support.

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Author: Samuel Msiska

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