Solana's price recently broke out of its month-long downtrend, surging above $75 before facing resistance near $78. The key support zone around $72, aligned with the 50% Fibonacci retracement, is crucial for bulls to defend to maintain upward momentum. Institutional interest in Solana has surged, with smart money increasing by 42% and U.S. Spot SOL ETFs seeing $8.8M in net inflows, signaling strong demand. If Solana holds above $72 and reclaims the 200-day moving average near $83, it could see further gains, but macroeconomic risks like U.S. inflation data and potential Fed rate hikes remain a concern.
MoneyGram has extended its MoneyGram Ramps service to the Solana blockchain, enabling wallets, exchanges, and developers on Solana to convert between cash and digital assets using MoneyGram's global network. This service supports cash deposits in ove...
Solana's price is testing a crucial resistance level around $77, where it previously faced rejection. If it fails to break through, a pullback to the $59 support zone could follow. Meanwhile, Solana's network transaction activity has surged to a reco...
Solana ETFs recorded their biggest daily inflow since May, with $8.8 million entering the funds, signaling renewed institutional interest despite stable prices around $75. This surge follows weeks of muted ETF flows and coincides with significant mil...
Solana's price rose 5.89% last week but remains in a long-term downtrend, down 57% over the past year with a low of $60.13 in June. Analyst Ali Martinez sees potential for a rally to $100 if Solana breaks above the $78.7 resistance, supported by tech...
Solana stakers will vote from August 23 to 29 on proposals to remove nearly 18.9 million SOL from future issuance, equivalent to about $1.39 billion in supply that won't be minted. The vote aims to accelerate the timeline to Solana's 1.5% inflation f...
