Solana (SOL) is trading near $70 with short-term price weakness but strong institutional interest and on-chain activity. The network is preparing for the Alpenglow upgrade, expected by end of August, which aims to improve transaction speed and finality, enhancing Solana's appeal for trading and real-time applications. Despite bearish technical signals, ETF inflows, increased stablecoin liquidity, and growing active wallets indicate strengthening fundamentals. Market watchers are focused on whether SOL can stabilize above key support levels as the upgrade approaches.
Two new Solana governance proposals, SIMD-0550 and SIMD-0553, seek to overhaul the SOL tokenomics by doubling the annual disinflation rate from 15% to 30% and increasing daily SOL burns from 650 to around 9,000 under high network activity. This could...
Bitcoin and major cryptocurrencies declined as AI and semiconductor stocks cooled, highlighting their linked risk exposure. Bitcoin dropped below $63,000 after a 3% fall, with Ethereum, Solana, and XRP also retreating. The dip followed a failed recov...
Solana's price fell 1.47% to $72.55 on August 3, slipping below key support levels due to weak spot demand and ongoing capital outflows. Technical indicators show bearish momentum with SOL trading below major moving averages and liquidation clusters ...
Solana's price recovered from a low near $70.60 to above $73, but the rally shows signs of weakness due to a sharp drop in Bitfinex long positions and weak spot market demand. The decline in leveraged long positions suggests some traders are reducing...
Solana's price remains stable around $70 even as large Bitfinex whales close significant long positions, causing heavy long liquidations. This deleveraging may clear excess risk, potentially setting up a bullish recovery if spot demand improves. Howe...
