KEY TAKEAWAYS
DRIFT gained 44% in the past seven days, hitting $0.93 — its highest level since Jan. 30.
The trading volume spiked above $185 million, suggesting broad market interest.
As a Solana-based token, DRIFT’s market momentum closely follows the SOL price.
Over the past seven days, the Drift Protocol (DRIFT) price has jumped by 44%. As a result, the cryptocurrency reached its highest level since Jan. 30.
While the price increase has been impressive, the DRIFT token price is still 65% away from retesting its all-time high. But as it stands, it seems that the altcoin is ready to trade higher.
Drift Protocol Value Rises
At press time, DRIFT trades at $0.93. According to Santiment, the surge came as trading volume spiked above $185 million, marking one of the token’s busiest periods in recent weeks.
High trading volume typically reflects increased participation and liquidity, which helps validate a price move. In DRIFT’s case, the rise in activity suggests that the rally isn’t just a low-liquidity spike but rather backed by broader market interest.
If this elevated volume continues while price holds, it could fuel more upside momentum and reinforce bullish sentiment. Should this trend remain the same, the DRIFT token might break $1 in the short term.
On the flip side, traders need to watch out. If the trading volume remains high while price begins to fall, it could signal profit-taking or distribution, which might pressure DRIFT’s price lower.
Altcoin Tied to SOL
Beyond the volume spike, the DRIFT token price action also closely tracks Solana (SOL). This correlation makes sense given that Drift Protocol is built on the Solana network, meaning its token mirrors the broader sentiment and momentum driving SOL.
When Solana rallies, liquidity and attention frequently spill over into ecosystem tokens like DRIFT, amplifying their gains.
On the other hand, if SOL faces a pullback, DRIFT may also feel the impact, reflecting its dependency on the health and growth of the Solana ecosystem.
Therefore, should Solana’s price inch toward its all-time high, DRIFT’s market value might also trade higher.
DRIFT Price Prediction
In addition, the green line of the Supertrend indicator has flipped below the price, signaling strong support for the upside.
If buying pressure builds, the DRIFT token could break through these resistance at $1.27, which aligns with the 0.382 Fibonacci retracement level.
A successful breakout there may pave the way for a rally toward $1.92, marking a significant extension of the current bullish trend
On the flip side, if selling pressure intensifies, DRIFT’s price may struggle to clear resistance. In that scenario, the token could retreat sharply, with its market value potentially falling back to $0.53.
