Sui Network Outpaces Solana in Transaction Activity The Sui Network recently flipped Solana in terms of daily transaction activity. This shift in activity raised questions about Solana’s position in the market. It suggested that the network might be struggling to attract new users and engage its existing community, potentially leading them to explore other ecosystems[Read more…]
Author Archives: SOLANA NEWS REPORT
04
May
May
Solana’s Price on the Verge of Breakout Solana’s (SOL) price is nearing a breakout from a bullish reversal pattern, suggesting that a significant recovery rally could be imminent. However, broader market conditions and investor sentiment will play crucial roles in determining the trajectory of SOL’s price. Solana Price Outlook At the current price of $141.6,[Read more…]
04
May
May
Solana’s Comeback: Can it Reach New Highs? Solana (SOL) has been demonstrating a strong effort to regain its previous high levels after facing some setbacks. Recently, the asset approached the $140 price range, and technical indicators hint that a reversal might be imminent. Currently, Solana is testing the 100-day EMA, a significant point often associated[Read more…]
04
May
May
Solana (SOL) Price Analysis: Can It Reach $500? Expert Insights Solana (SOL) has gained the attention of investors due to a bullish cup and handle pattern in its technical chart. This pattern often indicates the potential for a significant rally, drawing interest from both retail and institutional investors. The cup formation has already completed, and[Read more…]
03
May
May
Solana Network Faces Reduced On-Chain Activity The Solana network is struggling to maintain its on-chain activity as trading interest declines. Recent market conditions triggered a significant crash, leading to a price correction for SOL. This correction brought the value of SOL toward crucial support levels. Despite a rebound in SOL’s price, investors are concerned about[Read more…]
03
May
May
Solana’s Price Surge Linked to New Developments Solana, a leading cryptocurrency, has seen a remarkable price increase, jumping over 10% within 24 hours to hit $136.60 on May 2nd. This surge followed a recent downturn due to concerns about smaller anticipated cuts in interest rates by the Federal Reserve. The recent price increase represents a[Read more…]
03
May
May
Solana Price Analysis: SOL Regains Momentum After Falling Below $120 Solana (SOL) is showing signs of recovery after a brief dip below $120. The crypto market is experiencing a bullish wave, giving investors hope after a tumultuous sell-off earlier in the week. To sustain this momentum, SOL needs to close above $140, as it indicates[Read more…]
02
May
May
Solana Price Jumps 11% Amidst Broader Crypto Recovery The price of Solana (SOL) surged by 11% in the past 24 hours, reaching $132.96 as of 4:30 a.m. EST. This increase came on the back of a slight rise in trading volume, which grew by 2% to $3.84 billion. This rebound follows a recent correction in[Read more…]
02
May
May
The Year of Unprecedented Growth: Dogwifhat (WIF) and Solana (SOL) Surge in 2024 The year 2024 has been an exciting one for cryptocurrency investors, with tokens like Dogwifhat (WIF) and Solana (SOL) experiencing remarkable growth. Both have captivated the market, demonstrating substantial surges and attracting widespread attention. Let’s take a closer look at their performance[Read more…]
02
May
May
Solana (SOL) Approaches Key $116 Support Level Solana (SOL), a major player in the cryptocurrency market with a market cap of $54.12 billion, is inching closer to its critical $116 support level. Recent data reveals a selling trend that has persisted for nearly ten days. Currently trading at $120.94, Solana has seen a daily loss[Read more…]
