Tag: Solana

Solana (SOL) Dips Into the Red – Healthy Correction or Trend Reversal?

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Solana started a fresh decline from the $200 zone. SOL price is down over 10% and might even struggle to stay above the $175 support zone. SOL price started a fresh decline below the $200 and $185 levels against the US Dollar. The price is now trading below $185 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $182 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear…

Are Meme Coins Hurting Solana? Rising Selling Pressure Sparks Investor Concerns

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Este artículo también está disponible en español. Solana has faced increasing selling pressure and negative sentiment as the broader meme coin market continues to decline, impacting overall market performance. Analysts suggest that excessive speculation on meme coins is a key reason why altcoins, including Solana, are underperforming compared to Bitcoin. The hype-driven nature of these tokens has led to extreme volatility, making investors more cautious about altcoin exposure. Related Reading Meme coins are now seen as a risk factor for Solana’s ecosystem. A recent rug pull involving LIBRA, a meme…

Solana, XRP Lead Crypto Slide Ahead of U.S. Holiday

Crypto markets fell Monday as traders locked in profits and looked for new catalysts to determine positioning while the U.S. observed President’s Day. Solana (SOL) and XRP slipped 4% to lead losses among major cryptocurrencies, with bitcoin (BTC) dropping 1.1% and BNB Chain’s bnb down 0.5% in the past 24 hours. Dogecoin (DOGE) lost 3%. Both Cardano’s ADA and ether (ETH) rose 2% as of midday in Europe. Jupiter’s JUP slid 9% to lead losses among midcap tokens, reeling from its apparent connections to the controversial LIBRA coin. Libra was…

Solana Bearish Trend Deepens: Is $164 Support the Next Stop For SOL?

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Solana is under mounting selling pressure, sliding its price further into a correction phase. After struggling to maintain upward momentum, SOL has been steadily retreating, now approaching the crucial $164 support level. This key zone will determine whether the cryptocurrency finds stability or extends its downward trajectory. Market indicators suggest that bears remain in control, with momentum shifting in favor of sellers. If Solana fails to hold above $164, it could open the door to even deeper losses. However, if buyers step in to defend this level, it would trigger…

Solana Price Eyes Surge To $260, But Losing $190 Could Ruin The Rally

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Este artículo también está disponible en español. Solana has extended its price decline below $200, but technical analysis shows that it continues to trade within a bullish setup. At the time of writing, Solana finds itself trading close to a support level that could determine its next major move. This is because technical analysis shows that Solana is currently trading in a parallel channel that could drive prices to new highs, but holding above the $190 support level is crucial to this outlook. Related Reading Solana’s Parallel Channel Supports Bullish…

New PayFi protocol aims to rival Solana for gains despite SOL ETF approval

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana’s speed faces competition from a new PayFi protocol aiming to change cross-border payments. SOL has long been recognized as one of the most promising blockchain platforms for high-speed transactions, but a new PayFi protocol is emerging to challenge its dominance for potential gains in 2025.  Many investors still see Solana’s technology capable of up to 65,000 transactions per second as a key advantage and the prospect of a…

4 Best Meme Coins Poised for Explosive Gains After Solana Bridges Reach Record $10.1B Volume

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Solana’s bridges have recorded insane volumes ($10B+) since 2021, but their performance over the last 3-4 months has been particularly breathtaking. Although the total volume increased by a massive 114% in the last year (i.e., since February 2024, when it was just $4.7B), the months of November, December, and January recorded $6B in inbound volume just between them. The most bridged asset in the Solana ecosystem was $USDC, with an all-time inbound volume of $3.9B. It was followed by $ETH, which registered nearly $2B. It’s worth noting, however, that it’s…

$1,000 Solana? Analyst Predicts When Breakout Will Happen

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

SafeMoon (SFM) to Launch Memecoin on Solana (SOL) After Burning Most of SFM Supply

The SafeMoon team is planning on launching a memecoin on Solana (SOL) on Saturday at 1:00 AM UTC. The team has burned 2.2 trillion SFM tokens across the Ethereum, Polygon and Binance Smart Chain networks, the VGX Foundation told CoinDesk. In total, almost the entirety of the Ethereum and Polygon supplies have been eliminated, as well as roughly 60% of the Binance Smart Chain supply. SFM holders will be given the opportunity to exchange their SFM tokens for the SafeMoon memecoin through the VGX wallet. “We are going to allow the…

Solana Bulls Eye $260 As Key Support Holds, Says Crypto Analyst

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Este artículo también está disponible en español. In a recent chart update published on February 14, 2025, crypto analyst Ali Martinez (@ali_charts) highlighted Solana’s steadfast performance above the $190 mark, suggesting the potential for a breakout toward $225 or even $260. The one-day SOL/USDT chart (Binance) reveals several notable technical signals that support Martinez’s outlook. Why Solana Is Poised For $260 The chart outlines a rising channel that has been in play since roughly the summer, starting near $125 (close to the 0 Fibonacci level at $124.96) and stretching as…