Tag: Solana

Solana (SOL) Nosedives to $150, Can Bulls Prevent Further Collapse?

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Solana started a fresh decline below the $165 zone. SOL price is now consolidating losses below $165 and might decline further below $150. SOL price started a fresh decline below $165 and $162 against the US Dollar. The price is now trading below $165 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $158 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $150 or $145. Solana Price…

Altcoin Winter Here? Ethereum, Solana Activity Plunges

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On-chain data shows signs of an altcoin winter may be emerging as Ethereum, Solana, and other cryptocurrencies have seen a decline in activity. Altcoins Are Observing A Drop In On-Chain Activity In a new thread on X, institutional DeFi solutions provider Sentora (formerly IntoTheBlock) has talked about how interest in altcoins has been cooling off recently. Related Reading The on-chain indicator of relevance here is the “Active Addresses,” which measures, as its name suggests, the total number of addresses that are participating in some kind of transaction activity on a…

Solana ETFs Soar As SOL Slips Below Key Price Level

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Key takeaways: The spot Solana ETFs start strong by drawing over $400 million in weekly inflows. SOL broke its 211-day uptrend, slipping below key moving averages. Failure to hold $155 could send SOL price into the $120–$100 range. Spot Solana (SOL) exchange-traded funds (ETFs) start their trading journey with strength, posting record positive inflows that underscored institutional demand for the network’s native asset. On Monday, spot SOL ETFs recorded a daily high of $70 million in inflows, the strongest since launch, taking the total spot ETF inflows to $269 million…

Forward Industries Authorizes $1 Billion Buyback as Solana Treasury Grows

Key Notes The board approved a flexible buyback program allowing share purchases through 2027 to boost earnings per share and shareholder value. Forward holds over 6.8 million SOL tokens worth $1.5 billion, generating approximately 7% annual staking yield for shareholders. The stock plummeted 30% following the announcement as investors reacted to potential dilution from recent private placements and financing activities. Forward Industries has initiated a $1 billion share repurchase program effective through September 2027. This decision aligns with its expanded strategic commitment to Solana SOL $155.5 24h volatility: 8.3% Market…

Bitcoin, XRP, Solana, Ether Slide as BTC Loses Last Support Before $100K

Bitcoin BTC$107,661.53 has fallen below a key support level that had been holding back a slide toward $100,000, amid weakening momentum in tech stocks. The leading cryptocurrency fell below $106,000 during Asian trading hours, penetrating the level that had offered support multiple times in recent weeks, according to CryptoX data. Major altcoins such as ether ETH$3,722.54, XRP$2.2881 and solana SOL$159.67, with SOL sliding to $157, the lowest since Aug. 3. Ether also fell to its lowest since August, with a bear cross of key moving averages pointing to strengthening of…

Solana (SOL) Decline Intensifies — Bears Tighten Grip, Recovery Looks Unlikely

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Solana started a fresh decline below the $180 zone. SOL price is now consolidating losses below $175 and might decline further below $165. SOL price started a fresh decline below $180 and $175 against the US Dollar. The price is now trading below $175 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $191 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $165 or $162. Solana Price…

Crypto Funds See $360M Outflows as Solana ETFs Surge

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Cryptocurrency investment products saw $360 million in outflows last week as investors reacted to Federal Reserve Chair Jerome Powell’s cautious remarks on future rate cuts. Despite Wednesday’s rate cut, Powell’s remark that another one in December was “not a foregone conclusion,” combined with the absence of economic data due to the ongoing government shutdown, appears to have left markets uncertain, CoinShares reported on Monday. Most of the selling pressure came from the US markets, which saw $439 million in outflows, partly offset by modest inflows from Germany and Switzerland. Bitcoin…

Solana Price Drops Below $180 Despite $199M ETF Inflows, What’s Behind the Decline?

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Solana (SOL) has slipped below the critical $180 mark even as institutional inflows into newly launched Solana exchange-traded funds (ETFs) reached nearly $199 million in just one week. Related Reading The Solana price is hovering around $175, marking a 6.4% daily decline and extending a week-long correction that has erased almost 12% of its value. Despite ETFs managed by Bitwise, Grayscale, and 21Shares pushing total assets past $500 million, the influx of institutional capital has yet to stabilize prices. Analysts attribute the weakness to a broader risk-off sentiment across global…