Solana (SOL) is entering its ninth consecutive red monthly candle, a historic first, signaling a critical phase in its price decline. The $80 to $50 range is identified as a key accumulation zone where buyers might step in to form a long-term base. A short-term wedge breakout above $86 to $94 could confirm a local bottom and initiate a rebound. However, confirmation depends on the close of the current monthly candle and whether SOL can hold support or continues to fall.
Bitcoin dropped over 3.8% to below $70,000, hitting multi-week lows after MicroStrategy sold 32 BTC worth $2.5 million to pay preferred stock dividends, marking its first public bitcoin sale since 2020. This sale, though small relative to MicroStrate...
Solana's decentralized exchange (DEX) trading volume plummeted about 82% in two weeks, dropping from $104.3 billion to $18.8 billion, driven by a sharp decline in new meme coin launches that once fueled speculative trading. The largest DEX, Meteora, ...
Solana's price remains around $79.50, trapped in a $76-$90 range with network users dropping from 3 million to under 2 million and declining decentralized exchange activity. The token has recorded an unprecedented 8 consecutive red monthly candles, s...
Solana developer cavemanloverboy introduced proposal SIMD-547 to overhaul SOL tokenomics by adding a new base fee for transactions, increasing the amount of SOL tokens burned. This change aims to reduce inflation and could make SOL deflationary durin...
David Hoffman, co-founder of Bankless and a longtime Ethereum supporter, has sold his ETH holdings, signaling growing bearish sentiment for Ethereum. This move comes amid declining network activity, with daily active addresses dropping from over 1.5 ...
