Solana (SOL) has fallen 10% over the past month, breaking key trend line support and trading below its 100-day and 200-day moving averages, signaling bearish momentum. Despite this price weakness, Solana's blockchain fundamentals remain strong, with record application revenue of $82.9 million in July and stablecoin supply hitting an all-time high of $15.7 billion. ETF inflows are modest, indicating limited institutional interest, while technical indicators suggest potential further downside with support levels at $72, $70, and $66–$67. Investors should watch for a possible retest of these supports amid mixed network activity and subdued market sentiment.
Solana (SOL) traded near $72.91, down 1.47% in 24 hours, facing resistance around $73.35 and key breakout level at $76. Governance proposals SGP-0002 and SGP-0003, which aim to reduce token supply growth, are in final discussion until August 22. Mean...
U.S.-listed altcoin ETFs showed mixed investor flows on August 6, with XRP and Hyperliquid ETFs attracting net inflows while Solana ETFs experienced outflows. XRP ETFs gained $3.45 million, primarily in Franklin’s XRPZ and Bitwise’s spot XRP ETF, ind...
DeFi's total value locked (TVL) slightly declined to $75.12 billion, down 0.3% from last week and about 34% below the year's peak, reflecting cautious capital deployment despite steady network activity. Ethereum remains dominant with over 55% of TVL ...
Solana's network activity reached a record high with over 1 billion weekly transactions, despite SOL's price struggling below $75 and testing support around $70.75. Governance proposals aiming to reduce token issuance and increase token burns have ad...
Rarible has officially launched its NFT marketplace on the Solana blockchain after months of development and testing. The first featured collection on the platform is Claynosaurz, a Solana-based NFT brand with animated dinosaur characters. This expan...
