Category Archives: Solana News

SOL Price Chart: Key Points Throughout the first half of August, Solana buyers struggled to maintain a position above the combined support level of $22.4 and the 50% Fibonacci retracement. However, in the latter part of the month, aggressive selling pressure emerged, causing a breakdown of the aforementioned support. This decline signals the continuation of[Read more…]

Solana (SOL) Emerges as a Top Liquid Altcoin on Coinbase Solana (SOL) has experienced a remarkable surge, establishing itself as one of the most liquid altcoins available on the renowned cryptocurrency exchange, Coinbase. This significant development has been recently affirmed by the findings of Kaiko, a reputable market intelligence firm within the cryptocurrency space. The[Read more…]

The Decline of Solana’s Price The price of Solana (SOL) has experienced a decline after facing rejection at the $27 horizontal resistance level in July. Analysis of the daily timeframe suggests that this downward trend is likely to persist in the near future. Long-Term Resistance and Breakout Confirmation Upon examining the weekly timeframe, it becomes[Read more…]

Profit Blue Identifies Short-Term Weakness Renowned within the crypto industry since 2014, an analyst operating under the pseudonym Profit Blue on the X platform suggests that Solana is likely to sustain corrections below $20 over the next few weeks. Considering the recent waning of Bitcoin’s bullish momentum, the analyst anticipates that Solana’s price could potentially[Read more…]

Bitcoin Spark: A Unique Contender Bitcoin Spark (BTCS) is emerging as a strong contender in the cryptocurrency space, offering a fresh perspective and innovative features. In the realm of crypto giants like Solana, Cardano, and Ethereum, this Bitcoin alternative is catching the attention of crypto enthusiasts and analysts alike, who recognize its potential to shine.[Read more…]

Understanding the Benefits of Bridging to Solana For developers and investors, bridging assets from Ethereum to Solana offers numerous advantages. It aids in diversifying portfolios, reducing transaction costs, and granting access to unique applications. Given its many merits, understanding the basics of this process is crucial. Key Insights into Bridging to Solana By leveraging this[Read more…]

The Integration of tBTC on Solana Network The collapse of FTX triggered a mass exodus of institutional investors, causing a rapid decline in the value of the Solana network. Along with the decrease in TVL, the token price also plummeted. Although SOL Coin is far from its former glory, significant developments continue to take place[Read more…]

Solana’s Wave B Conclusion and Wave C Initiation Solana, a prominent name in the cryptocurrency world, has been making waves recently. Per the latest updates, Solana is on the verge of concluding its Wave B and embarking on Wave C. This transition is crucial for traders and investors, as it signifies potential growth and profitability.[Read more…]

Market Overview Today’s market session started with bear activity as the global market cap decreased by 0.24%, showing reduced bull activity or increasing bear activity. The fear and greed index meter is currently at 50, indicating neutrality across the market. Bitcoin Analysis Bitcoin (BTC) has now encountered bear activity, trading at $29.3K after recording a[Read more…]

Why Pomerdoge (POMD) Gains Momentum as Ripple (XRP) and Solana (SOL) Face Challenges As the cryptocurrency market continues to evolve, the spotlight is on Pomerdoge, a project that has been generating significant attention during its presale phase. While experts predict a remarkable growth potential of 4,000% by the end of 2023, other cryptocurrencies like Ripple[Read more…]