Tag Archives: Solana (SOL) Price

Key Support levels: $187, $170 Key Resistance level: $204 SOL managed to find good support on the $187 level, which may provide some hope when it comes to halting the downtrend. The current resistance sits at $204, and it may take longer for SOL to attempt to breach above it. Ever since the cryptocurrency made the all-time high at $260, the price has charted lower lows and lower highs, putting SOL in a clear downtrend. Until this is reversed, the bears remain in control....

Key Support levels: $190 Key Resistance level: $213, $236 SOL has corrected around 30% from its all-time high at $259 and has found good support at the $190 level. While the latest drop in price made a lower low on the chart, the RSI has made a higher low. This is a bullish divergence and may indicate that the correction is coming to an end soon. To confirm this, SOL’s price has to pass two key resistance levels found at $213 and $236. Chart by TradingView.Technical...

This week, the market correction continued with most cryptocurrencies suffering significant losses, particularly today when Bitcoin dropped 10% in 12 hours, and altcoins charted double-digit losses. In what follows, we take a look at Ethereum, Binance Coin, Solana, Avalanche, and CryptoCom’s CRO. Ethereum (ETH) Ethereum had a nice rally this past few days and gave hope of a major breakout. However, today’s price action has re-set ETH back to $4,000 ending the past seven days...

This week the market took a downturn which resulted in most cryptocurrencies suffering significant losses. We take a look at Ethereum, Cardano, Ripple, Binance Coin, and Solana. Ethereum Ethereum broke below the ascending wedge this week and corrected all the way to $3,958. Compared to last week, ETH registered a -11.3% correction and fell under $4,000 for the first time in November. The first sign that such a correction could take place was given by the daily MACD that did...

Public blockchain platform Solana just broke its previous all-time high from September. The new record comes amidst a rising crypto market in which Solana has been especially successful. Last week, Solana almost painted a fresh all-time high but came a few dollars short before retracing back. This happened very shortly after Bitcoin had marked a new all-time high. Today, we saw something similar. As Bitcoin rests and consolidates following last week’s rally, Solana has now...

Solana (SOL) rallied 30% and almost touched the all-time high levels of $216 after breaking out above a pennant formation. SOL missed the ATH  price by just $1, according to Binance. Key Support level: $192, $177 Key Resistance level: $216 The mentioned above pennant is marked blue on the following chart. The current all-time high of $216 will continue to act as SOL’s next major resistance area. Since then, SOL has found support on the $192 level. If the price decides to...

Ethereum This week, Ethereum managed to rally over 8.5% and nearly touched the all-time high at $4,380, missing it by $5 (Bitstamp). The momentum remains bullish and the price is in a steep uptrend as shown by the trendline which is currently acting as support around $4,000. A break below this level can push ETH back to the next support found at $3,500. The resistance at $4,380 continues to hold, at least until another attempt is made by the bulls to break it. Considering...

The volatile roller-coaster returned to the crypto markets again after bitcoin’s ATH, and the asset dropped by more than $5,000 a day later. While most altcoins have stalled on a 24-hour scale, Solana has gone on a tear once more by breaking above $200. Bitcoin Lost $5K The news that the US will finally have its own Bitcoin ETF, even if it’s a Futures one, for now, brought significant gains for the primary cryptocurrency. BTC traded below $58,000 last week when the first...

Solana – the fast-rising public blockchain platform – has reached an all-time high in TVL on its Defi protocols. This comes amidst a booming cryptocurrency market in which altcoins are beginning to reclaim market share. According to Defi Llama, the TVL in DeFi on Solana reached a new record of $12.7 billion earlier on October 21st. It has since receded to about $12.34 billion at the time of writing. Total Value Locked on Solana. Source: Defi LlamaThis is a greater volume than...

Two of the largest digital wallet providers, namely Skrill and Neteller, will enable their millions of customers to buy and sell Solana’s native token – SOL. This addition comes amid the blockchain project’s rapid rise in terms of adoption and SOL’s price surge as of late. SOL on Skrill and Neteller Aside from allowing customers to interact with SOL, the announcement shared with CryptoPotato explained that both companies will provide direct fiat purchases due to the crypto...