As the uncertainty in the crypto market intensifies, top tokens have recorded increased volatility in their respective values over the past few days. Moreover, the Solana price continues its struggle to experience a strong bullish recovery since August. This makes its investors curious about the future prospects of this altcoin in the crypto market. Moreover, …
Solana (SOL), the world’s fifth-biggest cryptocurrency by market cap is poised for a massive price surge in the coming days following its major breakout. After struggling for nearly two weeks near the strong resistance level of $138, SOL has broken through this level today with a strong bullish candle on the daily time frame. Solana …
According to on-chain data from Solscan, a Solana whale unstacked 106,213 SOL, worth $14.3 million. Quickly, after unstaking the locked tokens, the whale transferred the funds to Binance. The whale exiting the Ethereum-killer project makes news after Solana makes headlines for achieving the highest daily active address count of 5.5 million.
Solana Latest Update: Amidst the market recovery, a crypto wallet linked to bankrupt FTX/Alameda withdrew a significant 177,693 SOL, worth $23.75 million from Solana PoS, according to SolScan. Traders and investors should keep an eye on this substantial fund, as its movement to centralized exchanges (CEXs) could potentially create notable selling pressure. FTX-Linked Wallet Raises …
Solana (SOL) is posed for a significant price surge and is currently gaining notable attention from crypto enthusiasts. It just happened following SOL’s impressive performance and rise in trading volume. Solana Price Performance On September 10, 2024, SOL has experienced a massive price surge of over 5% in the last 24 hours and is currently …
The recent weekend experienced a significant drop, with the SOL price reaching levels close to $121 while volume spiked beyond $3 billion. It was when the crypto market volume almost reached $100 billion that triggered a significant pullback. The recent pullback was expected to drive the Solana price into the major support zone between $125 …
Solana’s (SOL) price is set for a massive upside rally after facing significant selling pressure at its strong resistance level of $161. In the past few days, SOL has dropped by over 18% due to the overall bearish market sentiment and the recent price decline in Bitcoin (BTC). Trend Reversal Sign However, SOL’s daily chart …
Bloomberg’s ETF analyst Eric Balchunas is very skeptical about the potential launch of a spot ETF for Solana in the near future. Eric shared a detailed flow chart that explains the approval process. Notably, the CBOE filed 19b-4 for a Solana ETF on July 8th. The second step of the approval required the U.S. SEC …
Solana ETFs might not be hitting the market soon. It looks like the SEC is not ready to approve a third crypto ETF. Even though BTC and ETH ETFs are rocking the market, filing of Solana ETF has been removed from CBOE website. Application For SOL ETF On July 8th this year, VanEck and 21Shares …
Solana (SOL), the world’s fifth-biggest cryptocurrency looks to crash as it has broken down a crucial bearish price action pattern. According to price action and technical analysis, SOL has recently experienced a breakdown of bearish head-and-shoulder price action patterns in a 4-hour time frame. Solana Price Prediction for August 2024 If SOL closes a 4-hour …
After the recent upswing, the Solana price was speculated to rise high and reach levels above $170. Although the volume remained within a restricted range, the bulls held a large dominance and strength, which elevated the levels beyond $160. However, the latest bearish action has altered the bullish trade setup, as the bears intend to …
The current market sentiment is quite neutral, with most cryptocurrencies at their crucial level. Amid this stability, Solana (SOL) whales have moved notable of tokens to centralized exchanges including Binance and Coinbase, in the last 24 hours. $55 million SOL moves to exchanges On August 10, 2024, the blockchain-based transaction tracker Whale Alert made a …
As Solana quickly reclaims lost levels during the recent crash, the Solana ecosystem explodes. With Solana-based altcoins making a comeback with the SOL price recovery, these mid-cap and low-cap tokens are likely to outperform Solana tokens in the coming months. Furthermore, with the broader market recovery as Bitcoin reclaims $61K, the altcoins could give 2x …
The crypto markets have been shaken by the recent collapse but some of them are using this as a strong buying opportunity. As a result, Bitcoin quickly recovered above $55,000, which has initiated a strong ascending trend among some altcoins, including Solana. Solana has been demonstrating acute strength since the beginning and hence, with a …
Today, on August 3, 2024, Solana (SOL) the world’s fifth-biggest cryptocurrency experienced a significant price drop of over 8% in the last 24 hours. This decline has caused a major breakdown of the crucial support level of $157. Why Solana (SOL) is falling? With this breakdown, SOL turns bearish and now heading towards the $125 …
Solana Price demonstrates acute strength and the ability to withstand bearish interferences occurring at frequent intervals. After hitting the lower support zone, the token rebounded very well, which revived the possibility of achieving $200 in the next few days. However, the current trade setup suggests that market participants may be required to wait for some …
The post Solana Enters the Top 5 Rankings: SOL Price Poised to Hit $200 in Next 48 Hours appeared first on Coinpedia Fintech News
Solana has been displaying immense strength since the start of the year, rising from a single-digit figure to as high as $200. The token regained momentum quickly after the bearish activity, which validated the vigilance of the bulls at each curve. The SOL price has been marking consecutive bullish weekly closes, which suggests the token …
The post Solana Price Prediction: Here’s What’s Next for the SOL Price Rally! appeared first on Coinpedia Fintech News
The short-term price action of Solana has become extremely uncertain as the buying and selling pressure has exhibited a similar intensity. This has caused the price to be stuck within a range, which is one of the pivotal levels. While bulls are failing to lift the levels above the range, they are also offering a …
The post Billy Soars Towards 49,000% Rise Amidst Bitget Listing appeared first on Coinpedia Fintech News
The cutest dog in the meme world Billy is creating a buzz in the crypto market. Launched just last month on fun.pump, the solana meme coin Billy quickly became its second biggest token. The community is growing fast with over 16,000 holders and $2.4 million in locked liquidity.Even though it is down by 25.4% in …
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A rideshare service called Teleport, built on the Solana blockchain, has launched with 857 drivers in its genesis city. As a result, Solana co-founder Raj Gokal praised this initiative, noting its potential for success where others have failed. The predicted success is attributed to the usage of the Trip protocol, which offers a more equitable …
The post Solana in Dire Straits: Will the Bulls Trigger a 10% Upswing and Save the SOL Price Rally From an Equal Loss? appeared first on Coinpedia Fintech News
After a roller-coaster week, the crypto markets are heading towards the weekly close, which is expected to be somewhat volatile. While the Solana price was expected to initiate a rebound, the latest pullback has caused the levels to drain below the crucial support. Therefore, the SOL price is now believed to be in acute trouble …
The post Solana Faces Bearish Pressure Despite Bullish On-Chain Metrics: What’s Next for SOL’s Price? appeared first on Coinpedia Fintech News
In recent weeks, Solana (SOL) has gained considerable attention as its price faces extreme volatility due to the recent CPI news. This follows Bitcoin’s recent challenge in maintaining a clear trend above the psychological threshold of $70K. Amid a bearish pressure, Solana has experienced shifts in key on-chain metrics, suggesting the potential for a significant …
The post Why Is Solana(SOL) Price Down Today? appeared first on Coinpedia Fintech News
Despite all the favorable market momentum, meme coin growth, ETF Approval, community governance vote for the validator, and PayPal launching the PYUSD stable coin on the Solana network, the Solana (SOL) price is declining for a week. The leading meme coins network, SOL, jumped today on 30 May from $176.8 to $165 with a shift …
The post Could Solana (SOL) Be the Next Cryptocurrency to Get an ETF in 2024? appeared first on Coinpedia Fintech News
In this second quarter of the year, excitement is brewing over the possibility of a Solana (SOL) exchange-traded fund (ETF). In a recent interview, Austin Federa from the Solana Foundation discussed the potential for Solana to get its own ETF, similar to the newly approved Ethereum ETF. After ETH ETF, is Solana ETF Next? While …
The post Solana (SOL) Enters the Crucial Phase: Will the Bulls Make It to $200? appeared first on Coinpedia Fintech News
The consolidation below the resistance for a couple of days appears to have attracted huge traders’ attention as the Solana price is displaying massive bullish momentum. The volume has dropped to some extent but the momentum remains high. On the other hand, the Bitcoin price maintains an ascending consolidation, which has inculcated some confidence among …
The post SOL Potential Breakout Resistance, Ready To Jump Again? appeared first on Coinpedia Fintech News
Solana (SOL) price today soared above the $157 resistance trendline but ran out of steam with increased selling pressure and now seeking support above it. We may also see a potential retest sitting on the edge which is also a pullback support. With a sharp increase of 31.78% in 24-hour trading volume, the meme coin …
The post Solana Holds Above $150 Amid Mixed On-Chain Metrics: Here’s The Next Price Level For SOL appeared first on Coinpedia Fintech News
Recently, Solana (SOL) has attracted considerable interest as its price has consistently recovered from previous lows. This positive trend followed Bitcoin’s recovery toward the $66,000 mark. Despite this bullish market sentiment, Solana has experienced a decline in its crucial on-chain metrics. However, several metrics continue to build strong buying demand for Solana, creating a mixed …
The post This Altcoin Cannot Be Longed Anymore; Is Shorting Solana a Better Option Now? appeared first on Coinpedia Fintech News
After quite a long time, the Solana price has been stuck in a crucial range for a couple of days. While bears are slowly increasing their dominance over the rally, bulls are also utilising all their strength to keep up the bullish trend. Soon after plunging below $150, the rally seems to have taken a …
The post Solana & Cardano Appear Bearish Ahead of Bitcoin Halving, What if They Drop Below Their ‘Key-Resistance’? appeared first on Coinpedia Fintech News
Solana (SOL) Price Analysis After undergoing a massive bearish trend, the Solana price is now resting on the critical support level. The bulls are utilising all their energy to prevent a breakdown from the levels but a small weakness may eventually end up in a blunder. The selling volume has increased to a large extent, …
The post SOL Price Stuck Within a Range: Is This the Time to Sell Solana or Accumulate More? appeared first on Coinpedia Fintech News
The Solana price has been displaying acute strength since the start of the year, but the current monthly trade has not offered the required momentum. The price has remained stuck within a narrow range, indicating a drop in volatility. With a huge drop in trading activity, the SOL price does not appear to have been …