Solana (SOL) has broken a long-term descending resistance line, establishing $92 as a critical support level. Technical analysts see potential price targets at $108, $128, and $147 if SOL maintains above $92. The token trades above major moving averages, signaling bullish momentum, while derivatives data shows rising open interest despite lower trading volume, indicating increased leverage. Institutional ETF inflows and strong network activity with over 260,000 new daily token deployments support the positive outlook. The next key test is whether SOL can hold $92 on daily closes to sustain the upward trend.
On October 23, Zcash (ZEC) and NEAR spot ETFs recorded net inflows of $20.52 million and $992,689 respectively, while other tracked altcoin spot ETFs such as XRP, Solana (SOL), Dogecoin (DOGE), Chainlink (LINK), Avalanche (AVAX), and others showed no...
On October 23, Ether was the only major cryptocurrency among five tracked to have a negative perpetual-futures funding rate, meaning short sellers pay long holders. Its rate was -0.0002% every eight hours, or -0.3% annualized. In contrast, XRP had th...
Solana (SOL) saw a 3.1% price drop from October 21 to 22, trading around $103.95 after hitting lows near $100 earlier in October. This decline coincided with the activation of the Alpenglow upgrade on Solana's mainnet, which significantly speeds up t...
About 74.12% of Solana's circulating tokens, or 437 million SOL, are staked, locking up roughly $45 billion worth of SOL and leaving only 152.6 million tokens freely tradable. This high staking ratio restricts daily market supply, explaining Solana's...
Open interest in Bitcoin (BTC) and four other major cryptocurrencies fell notably within 24 hours, with XRP experiencing the sharpest drop of 7.02% to $415.4 million. BTC open interest declined 6.35% to $7.79 billion, while Ether (ETH), Solana (SOL),...
