Solana's price fell to around $62.90, down 4.7% in 24 hours and nearly 30% over the past month, pressured by large institutional transfers to exchanges signaling potential selling. Technical indicators show SOL breaking below key moving averages and exiting its $80–$90 consolidation range, suggesting a bearish trend with immediate support at $63–$65. If this support fails, prices could slide to the mid-$50s or lower. Despite short-term weakness, upcoming network upgrades like the Firedancer validator client offer a potential long-term positive for Solana's performance and resilience.
Solana's perpetual futures open interest surged past $500 million following a major network upgrade on July 29, marking the highest level in about nine months and signaling renewed trader and institutional interest. Despite this increase in derivativ...
Pump.fun transferred 84,789 SOL worth $6.25 million to Kraken, adding to its total sales of about $807 million. Despite this selling pressure, Solana's price maintained its key support level at $71.95, showing resilience as buyers absorbed the supply...
Technical analysis suggests Solana (SOL) is at a critical price point around $71.90. A drop below this level could push the price down to $69 or even lower to a support zone near $64.30, indicating a possible continuation of its bearish trend. Conver...
Solana (SOL) is currently trading near $74, holding above a critical support zone between $64 and $68, but it remains below a descending resistance line, keeping the broader trend bearish. A sustained breakout above this resistance could lead to a co...
Financial analysts highlight five cryptocurrencies as core components for a balanced long-term investment portfolio. Bitcoin serves as a stable foundation due to its limited supply and institutional acceptance. Ethereum leads in smart contract and De...
