Friday , February 3 2023
Home / Tag Archives: Solana (SOL) Price

Tag Archives: Solana (SOL) Price

Solana is Up 6% Daily, Here’s the Key Resistance (SOL Price Analysis)

Solana continues to perform despite a decline in the buying volume, booking a 6% increase in the past 24h. Key Support levels: $20 Key Resistance levels: $27 The resistance at $27 is keeping bulls in check. They have been rejected at that level on Saturday. In the process, SOL has formed an ascending triangle, and a major breakout is expected over the coming days. Should bulls fail, then the price can quickly fall to the $20 support. Chart by TradingViewTrading Volume: The...

Read More »

SOL Explodes 60% Weekly But How High Can it Reach? (Solana Price Analysis)

Solana’s price doubled since the end of December, and bulls continue to be in control of the price action. Key Support levels: $20 Key Resistance levels: $27 SOL has managed to fully recover most of the drop that started in November 2022. At this rate, buyers seem eager to return its price back to pre-FTX collapse levels soon. To maintain this positive momentum, the cryptocurrency will have to break the key resistance at $27. Sellers continue to be absent, but if they return,...

Read More »

Crypto Market Cap Taps $1 Trillion as SOL, DOT Explode Double Digits

The rally from the past two weeks has pushed the cumulative market cap of all crypto assets to above $1 trillion for the first time since the FTX debacle. This comes amid the massive price surge from several altcoins, such as Solana, Polkadot, Polygon, Avalanche, and others. The start of 2023 has been quite spectacular for the cryptocurrency market following the painful 2022. The largest digital asset went from around $16,500 to over $21,000 in about two weeks. This 27%...

Read More »

Crypto Price Analysis Jan-06: ETH, XRP, ADA, LTC, and SOL

This week, we take a closer look at Ethereum, Ripple, Cardano, Litecoin, and Solana Ethereum (ETH) This Wednesday, the bulls took over the price action and pushed ETH all the way to the key resistance at $1,260. Since then, the price seemed unable to break above. Nevertheless, Ethereum still managed to book a 3.8% increase in the past seven days. The fact that in the past two days, the price has been rather timid in pulling back from this most recent rally suggests that...

Read More »

3 Reasons Solana Regained its December Losses in a New Year Rally

Solana has rallied for the week as the network continues to gain more users. Excitement over the new memecoin, Bonk Inu (BONK), coincided with the cryptocurrency’s rally. The asset is moving in stride, brushing off recent losses in connection with the FTX’s collapse. Solana is pulling through tough times. It’s rough for the Ethereum competitor, the DeFi ecosystem especially, as it is tough for the entire industry out there in this biting crypto winter. The gains for Solana...

Read More »

Solana Surges 34% Weekly But is the New Year Rally Running out of Steam? (SOL Price Analysis)

In a somewhat surprising move, Solana’s price exploded this past week, putting bears on the defensive. Key Support levels: $9.5 Key Resistance levels: $15 After falling to the single-digit territory (almost $8), Solana seemed destined to continue on the bearish footing. However, this was interrupted on Monday when the price suddenly spiked higher after finding good support at $9.5. This led SOL to close the past seven days with a 34% price increase. The resistance is at $15,...

Read More »

Ethereum’s Vitalik Buterin Comments on Solana’s Future

Last month, the Solana ecosystem was at the forefront of the FTX saga, taking a significant hit from the company’s bankruptcy filing. Since then, projects have left the network, while the native token lost a significant chunk of its USD value. Interestingly, the blockchain, once regarded as an “Ethereum Killer,” has received support from Ethereum co-founder Vitalik Buterin. In a Twitter post on December 29, Buterin said the recent events in the crypto industry had washed away...

Read More »

Crypto Price Analysis Dec-30: ETH, XRP, ADA, MATIC and SOL

This week, we take a closer look at Ethereum, Ripple, Cardano, Polygon, and Solana Ethereum (ETH) Another week has passed with little excitement for Ethereum investors as volatility was low – likely due to the Christmas holidays. However, ETH’s price did fall by 2% in the past seven days. This is a negligible move in the price, which still remains in a flat trend. This cryptocurrency remains stuck between the key support at $1,160 and the resistance at $1,240. This channel is...

Read More »

Bitmain Founder-Backed Asset Manager to Delist Solana

The Solana ecosystem that was once heavily tied to Sam Bankman-Fried’s FTX has been badly wounded after the collapse. As debates accelerated over the prospects of Solana, its native token – SOL – has plummeted 96% from its all-time high of $260 in November last year. Adding to its woes, crypto asset management company Matrixport is reportedly gearing up to delist Solana and Solana-U dual currency investment products on December 30th. Interestingly, Matrixport is founded by...

Read More »

SOL Soars 7% Daily After SBF’s Arrest: Here’s the Next Target (Solana Price Analysis)

Since the collapse of FTX, Solana has been moving sideways, consolidating above $12. But now the price action is giving hints that this may change soon, and interestingly, the positivity came a day after SBF was arrested. Solana Price Analysis Key Support levels: $12.5 Key Resistance levels: $15.5 Solana found good support at $12, and the price never went under this key level since November. Buyers now appear eager to take SOL higher and challenge the resistance at $15. While...

Read More »