Solana's futures trading volume has surged over 100% on major exchanges like Binance and OKX, yet its price remains steady near $75.30. This disconnect suggests increased speculative activity without strong buying demand, while a high ratio of long positions raises the risk of a sharp price correction if key support levels break. Recent liquidations of $6 million in Solana positions highlight this vulnerability. Technical indicators show Solana trading below key moving averages, with support around $74-$75; a drop below could lead to further declines toward $70-$72, while a breakout above $78-$80 is needed to confirm stronger buying momentum.
Solana (SOL) was trading at $102.23, down 2.1% over the past 24 hours but still above the $100 level referenced in recent analyst scenarios. Analyst Itai Smidt highlighted a $100-$105 zone with a $97 daily close as invalidation, while Alejandro Arrie...
On October 23, Zcash (ZEC) and NEAR spot ETFs recorded net inflows of $20.52 million and $992,689 respectively, while other tracked altcoin spot ETFs such as XRP, Solana (SOL), Dogecoin (DOGE), Chainlink (LINK), Avalanche (AVAX), and others showed no...
On October 23, Ether was the only major cryptocurrency among five tracked to have a negative perpetual-futures funding rate, meaning short sellers pay long holders. Its rate was -0.0002% every eight hours, or -0.3% annualized. In contrast, XRP had th...
Solana (SOL) saw a 3.1% price drop from October 21 to 22, trading around $103.95 after hitting lows near $100 earlier in October. This decline coincided with the activation of the Alpenglow upgrade on Solana's mainnet, which significantly speeds up t...
About 74.12% of Solana's circulating tokens, or 437 million SOL, are staked, locking up roughly $45 billion worth of SOL and leaving only 152.6 million tokens freely tradable. This high staking ratio restricts daily market supply, explaining Solana's...
