Solana's SOL token surged 14% from $64 to $72, driven by increased trading volume in tokenized equities, which hit $113 million in a day. Despite this price recovery and bullish technical indicators suggesting potential to surpass $100, Solana's network fundamentals show weakness, with a 11% drop in total value locked and declining decentralized exchange volumes and revenues. A double-top chart pattern warns of possible price declines if SOL falls below $70, targeting $61 or even $50. Meanwhile, competitive pressures rise as new platforms enter the tokenized equity space, though upcoming airdrops on Solana offer some optimism.
Bitcoin briefly fell to about $76,050 following the release of the US inflation report, which showed a 0.4% increase in the Consumer Price Index for August and a core inflation rise of 0.3%, slightly above expectations. Despite this, Bitcoin quickly ...
Solana (SOL) fell below its $100 support level to a low of $98 before a slight rebound, trading around $99.90 with a 1.8% daily loss. The drop triggered over $10 million in long liquidations, signaling panic selling and reduced participation in Solan...
SUI cryptocurrency price is currently testing a key support level between $0.71 and $0.73 after falling 1.40%, underperforming compared to Ethereum and Solana. Analysts highlight that if buyers defend this floor, SUI could rebound to $0.84–$0.85, but...
Solana (SOL) has been consolidating around $100-$105 but shows a bullish trend after breaking the $98.41 resistance, signaling a shift from a downtrend to an uptrend. The $100 support level has held firm, suggesting potential for a move toward the $1...
OpenSea has reintroduced support for Solana NFTs on its OS2 platform, fully enabling buying, selling, and bidding as of early September. This marks Solana as the first non-Ethereum blockchain with full NFT trading on OpenSea, positioning Solana colle...
