Solana (SOL) has risen 5.89% in the past week but remains in a long-term downtrend with a 57% drop over the past year. Technical indicators like the TD Sequential buy signal and MACD golden cross suggest a potential rally to $100 if SOL breaks above the $78.7 resistance level. Meanwhile, a proposal to increase the daily SOL burn rate by 14 times is progressing, which could further impact price dynamics. However, volume indicators still show seller dominance, so cautious investors may wait for confirmation before betting on a sustained uptrend.
Solana (SOL) traded at $104.45 on October 20, falling below its 20-day and 50-day simple moving averages, which were $111.00 and $109.46 respectively. Analysts see a possible support level at $100 and a monthly target around $110, with a projected ra...
Solana's token (SOL) price fell about 15% from early October to October 20, dropping from around $122 to near $104, despite the blockchain leading weekly network revenue for five consecutive weeks. From October 12-18, Solana generated $6.54 million i...
TORCH token reached a new record high, while 12 other cryptocurrencies including DATA and BLUR set new all-time lows. The top five cryptocurrencies by market cap—Bitcoin, Ethereum, BNB, XRP, and Solana—remain significantly below their all-time highs,...
Tom Lee of Fundstrat highlights that many venture capitalists regret not simply holding Bitcoin, which rose about 80 times from under $1,000 to around $80,000 in the past decade. This shift challenges the belief that early-stage crypto investments ou...
On October 20, the share of top-trader accounts holding long positions in Ether on USD-margined futures rose sharply by 5.63 percentage points to 72.18%, indicating increased bullish sentiment. Bitcoin also saw a notable increase of 5.02 points to 65...
