Solana is currently trading within a critical weekly demand zone between $60 and $68, aiming to break out of its short-term downtrend. Holding this support could pave the way for a move toward $90, but a decisive break above the descending trendline near $80-$84 is needed to confirm a sustained recovery. Analysts also note a potential bottoming pattern similar to 2022, though another dip near $60-$65 may be necessary to confirm bullish momentum. Failure to hold support below $60 could lead to further declines toward the mid-$50s. Overall, Solana's recovery depends on defending key support and overcoming short-term resistance levels.
Jason Calacanis, an early Uber investor, has criticized Bitcoin and Michael Saylor's Bitcoin strategy, urging investors to sell half of their Bitcoin holdings and invest in projects like Solana and Bittensor that are delivering real products. Althoug...
Solana validators are backing two linked proposals, SIMD-0550 and SIMD-0553, to reduce SOL issuance and increase SOL burning. SIMD-0553 would introduce resource-based transaction fees, raising daily SOL burns from about 650 SOL ($47,000) to up to 9,0...
XRP spot ETFs continued to attract inflows for the fourth consecutive day, led by Canary's XRP product, highlighting growing investor interest and a notable share of XRP's market cap held in ETFs. In contrast, Hyperliquid ETFs experienced net outflow...
A Solana-based meme coin called OnlyMarms has raised over $14,000 for a 64-year-old marmot study, surpassing the $6,000 raised via the study's OnlyFans page. The Marmot Adaptive Dynamics Lab turned to these alternative fundraising methods after a key...
Solana's blockchain network saw a record 4.244 billion transactions in July, driven by increased user engagement and demand for fast trades and DeFi applications. The network outpaced rivals like BNB Chain and Bitcoin in daily active users and on-cha...
