Tag Archives: Solana (SOL) Price

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...

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...

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,...

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...

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...

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...

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...

The cryptocurrency market continues to bleed out and in the past 24 hours, its total capitalization shed another $20 billion. The majority of coins are well in the red and the broader sentiment remains particularly negative and expects further contagion from the FTX fallout. Bitcoin Price Bleeds Out Bitcoin’s price currently sits at around $16,500, down 2.1% in the past 24 hours. This brings the total loss to about 22.6% in the past week. BTC has been trading relatively flat...

Solana’s Epoch 370 is set to end in a little under 24 hours, and with it will come the unlocking of over 47 million SOL tokens by validators. This massive token unlock is coming at a time of significant market tumult, not just for Solana but for the entire crypto space following the FTX collapse. According to data from the Solana dashboard, 47,289,526 SOL, worth nearly $1 billion, is set to be unlocked in Epoch 370. An epoch in Solana is a period where validators cannot...

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) Ethereum’s price has remained largely flat with little volatility. For this reason, it is almost identical to seven days ago. Momentum and volume continue to move sideways with no perceivable trend at this time. The key support remains at $1,250, and the resistance at $1,400. The price is stuck in a channel, and it can comfortably move sideways until the end of the month...