Tag: Solana

Solana Bulls Seem Unstoppable As They Aim For $35

Solana is gaining pace above the $30 resistance against the US Dollar. SOL price remains supported and might aim for a fresh rally toward $35. SOL price started a major rally above the $28 resistance against the US Dollar. The price is now trading above $29.20 and the 100 simple moving average (4 hours). There is a key contracting triangle forming with resistance near $32.10 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could start a strong rally if it clears the $32.10 and…

Whale moves 1.6m worth of Solana as asset hits top trending list

A Solana (SOL) whale recently moved 1.6 million tokens as the asset slips into the list of trending crypto assets amid a massive 52% increase over the past 30 days. According to whale-tracking platform Whale Alert, the funds were worth $50.39 million at the time of the movement. On-chain data confirms that the transaction occurred today at 06:01 (UTC) and involved two unidentified Solana wallets. The transfer has triggered mixed reactions, especially considering the limited information surrounding it. While some market watchers posit it could signify an attempt at selloff…

Solana Remains Institutional Investor Darling As Inflows Continue

boss

Solana has gained the favor of institutional investors recently which has seen a marked increase in the amount of inflows that the altcoin has recorded. This trend has continued with last week’s numbers which show a significant amount of inflows for Solana compared to the likes of Ethereum. Solana Inflows Reach $15.5 Million According to data from the latest CoinShares report, the inflows into Solana for the last week came out to $15.5 million. This came while some altcoins such as Ethereum saw outflows for the week. For context, Ethereum…

Can Solana Sustain Its Recent Rally? What Traders Should Know

boss

Solana (SOL) has been making waves in the cryptocurrency market with an impressive price performance since the beginning of 2023. The digital currency has recorded a staggering 195% increase in its value during this period, leaving traders and investors eager to know whether this rally can be sustained in the months to come. From its humble beginnings at $9.97, the price of SOL has rapidly ascended to nearly $30 in the span of just 10 months. At the time of writing, SOL is valued at $30.72 at CoinGecko, boasting impressive…

Solana On Fire With Over 34% Rally Within A Week

boss

The cryptocurrency industry has demonstrated a strong positive trend throughout the course of the week, with leading cryptocurrencies experiencing substantial increases in their market value. Moreover, the price of Solana (SOL) has exhibited superior performance compared to prominent cryptocurrencies, experiencing a notable increase of more than 34% in value over the course of one week. Solana is a widely recognized Layer-1 network renowned for its scalability. The Solana network is characterized by its rapid confirmation times and has a thriving ecology and community. Over the course of the previous 24-hour…

Solana gaining momentum according to Nansen report

Following FTX’s collapse, Nansen on-chain data shows that SOL has outperformed ETH, emerging as the preferred investment choice.  At the same time, Kaiko, an alternative source of cryptocurrency market data, reports that Solana is still suffering the effects of the exchange’s bankruptcy. Looking forward According to recent findings from Nansen, Solana’s Total Value Locked has nearly doubled since the beginning of the year, reaching a substantial 30.95 million SOL, as the Solana vs. Ethereum ratio has since been reported to be approaching year-long highs. Since the collapse of FTX, SOL has declined…

CEO Is Super Bullish On Solana, Predicts SOL To 2X If This Pattern Is Confirmed

boss

Raoul Pal, the founder of Real Vision and one of crypto frequent commentators, thinks SOL, the native currency of Solana, a smart contract platform, has “been extremely bullish all year.” In Pal’s assessment, the coin will likely double in the next few sessions, especially if there is a welcomed breakout above the immediate liquidation level.  Taking to X on October 20, the founder noted that SOL has rallied by 171% in 2023 alone. At the same time, looking at technical candlestick arrangements, the immediate resistance level that traders should watch out for…

 Lido Finance to stop Solana support while Cardano prices fall, new project unveils staking program

Lido Finance, the liquidity staking platform, has stopped its Solana liquid staking service after voters supported the proposal. At the same time, the price of Cardano has dropped, causing panic among investors. A new project has appeared, offering unique rewards for staking. Everlodge will allow holders of its native token, ELDG, to stake for passive income. Everlodge unveils staking program Everlodge is developing a marketplace allowing people to invest in luxury properties like hotels, vacation homes, and villas with little capital.  The Everlodge marketplace merges fractional ownership of vacation homes with non-fungible token…

Why the Next Solana Moves Demand Attention

boss

Solana (SOL) has been navigating a challenging correction phase for approximately two months, during which its fortunes have ebbed and flowed. The most recent dip, occurring on Aug. 15, was a direct response to a sudden decline in the price of Bitcoin, sending shockwaves throughout the crypto market. However, a closer examination of Solana’s price chart reveals an emerging inverse head and shoulders pattern. For those unfamiliar with the inverse head and shoulders pattern, it is a technical chart formation that signals a potential trend reversal. It consists of three…