Solana (SOL) has generated a weekly buy signal after rebounding from the mid-$70s to around $95, suggesting a potential trend reversal. Analyst Jesse Olson highlights that SOL must break and hold above the $100-$105 resistance zone to confirm this bullish shift. The recent price action breaks a descending pattern that had driven the decline, but failure to reclaim this resistance could lead to further consolidation or retesting of lows. The key support lies near $75-$80, and a drop below this area would weaken the bullish case. While the weekly buy signal is promising, confirmation is needed to signal a sustained recovery for Solana.
Solana's price surged about 26% after breaking above $78, driven by optimism from the U.S. SEC's proposed crypto regulation framework and active governance votes on inflation and fees. The token briefly surpassed $100 before pulling back to around $9...
Cryptocurrency prices are fluctuating with Bitcoin trading around $77,566, up by 0.98%. Ethereum and Binance Coin also saw modest gains, while some altcoins like Morpho and MNT experienced significant increases of over 10%. This mixed performance ref...
US-listed crypto ETFs excluding Bitcoin and Ethereum attracted nearly $90 million last week, driven by strong inflows into XRP and Solana funds. XRP funds led with $39.78 million, marking their best week since May and extending a six-week streak of g...
On August 21, Solana experienced a surge in onchain activity, leading to a daily burn of 87,000 SOL tokens—the highest in nearly seven months and far above the usual 648 SOL. This spike suggests growing network usage, which has slightly increased mar...
Solana's real-world asset (RWA) ecosystem has surpassed $4 billion in total value and now has more than 350,000 holders, up from $3.7 billion and 313,000 holders in late July. This growth reflects increasing adoption of tokenized assets like Treasuri...
