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.
Bitcoin stabilized above $63,000, gaining 0.8% amid a rebound in U.S. equities, with Nasdaq futures hitting a high since early July. However, U.S. spot Bitcoin ETFs saw $390 million in net outflows last week, marking the largest withdrawal in six wee...
Solana (SOL) is trading near $75, maintaining support above the crucial $60-$62 zone after a significant decline from its $253 peak. The recent Alpenglow upgrade, which drastically reduces transaction finality times, has been approved by over 98% of ...
Solana (SOL) saw its futures trading volume more than double across major exchanges, including Binance and OKX, yet its price remained nearly unchanged around $75.30. This surge in trading activity, combined with a strong long bias in positions, sugg...
Michael Egorov, founder of Curve Finance, harshly criticized Solana's Pump.fun platform, calling it a "casino of scams" due to its memecoin culture. He also pointed out that Phantom wallet's hardware wallet integration is inferior to Ethereum's Metam...
Solana (SOL) is trading near $75, maintaining a crucial support level amid sideways movement after a sharp sell-off. A breakout above $81 could trigger gains toward $276, signaling a bullish trend. Solana dominates the tokenized stock market in DeFi ...
