Author Archives: ambcrypto.com

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Solana traded within a range formation. Longer-term investors have reasons to be cautious- the asset rests beneath an immense level of resistance at $26. SOL posted enormous gains in January. Could a pullback be necessary[Read more…]

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject. Solana traded within a range (orange) between $20.4 and $26.6, with the midpoint at $23.5 since mid-January 2023. Above $26.6, $30.7 is the next major resistance level. However, the $26-$27[Read more…]

olana has recovered remarkably from the losses it posted in November and December, especially for a multibillion-dollar market-cap asset. Further gains are likely, especially based on the higher timeframe trend. Is it possible that the expectation of a breakout will trap bulls before a reversal? The AI bot sets a bullish target of $54 in 2023,[Read more…]

Despite some resurgence in NFT prices and transactions, the ecosystem might still be plagued with some downsides. Bloomberg, in its 31 January update, reported that the DeFiance Digital Revolution EFT, also known as ticketNFTZ, was shutting down.  The fund, which focused on NFT Exchange Traded Funds (ETFs), announced that it would close business on 28 February. According to the press[Read more…]

Solana was performing well in the NFT market over the last 30 days. According to data provided by Delphi Digital, Solana outperformed most cryptocurrencies in terms of NFT volume and managed to secure the second position. However, despite this impressive performance, a decline in transaction count and major NFT collections’ migration to other chains, could pose[Read more…]

In November and December, Solana registered large losses on the price charts. The drawdown in those two months measured 77% from $39 in early November to $8.62 in late December. In the past three weeks, Solana mounted a surprising comeback. A recent report highlighted how Solana suffered a drop in important metrics alongside the prices in Q4[Read more…]

Bitcoin continued to trade above the $20k mark, and each passing hour reinforced the idea that a move upward to $22k was more probable than another dump toward $19k. Monday’s low at $20.6k served as support, and any lower timeframe deviations beneath this level have been a buying opportunity in the past two days. Solana gained 212%[Read more…]

One of the major cryptocurrencies that was impacted by the FTX debacle was Solana [SOL]. Factors such as the Project Serum and Sollet-wrapped assets played a significant role in increasing Solana’s exposure to the FTX collapse. Solana’s total value locked (TVL) depreciated by 30% after the FTX saga unraveled. One reason for the FUD around Solana was Project Serum, the central[Read more…]

Stephen Hess, Co-founder and Chief Executive Officer (CEO) of the Solana NFT protocol Metaplex, has announced that it is laying off several individuals in the wake of FTX’s collapse. Hess added that Metaplex, the base layer of the Solana NFT ecosystem, is required to let go of its employees, even though its treasury isn’t directly impacted by[Read more…]

According to statements released by OKX, Binance, and ByBit, some Solana blockchain tokens may be delisted. No justifications were provided for this move and no mention of re-listing them was made either. Now, while Binance claimed that it was temporary, it did not indicate when it would resume. OKX delists, Binance suspends… Binance said that it has temporarily suspended the[Read more…]