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Tag Archives: solana

Eclipse Unveils New L2 Architecture, Bringing Solana Advantages to Ethereum

On Sept. 19, Eclipse announced a new L2 architecture, which will leverage the Solana Virtual Machine while operating on Ethereum, hence bringing the advantage of the former’s speed and scale in transaction settlement. The newly promoted L2 architecture aims to redefine the scaling world by touching on areas like Ethereum settlement, execution using SVM, availing data with Celestia, and proving using RISC Zero. Bringing SVM Experience to EVM As per the press statement,...

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Crypto Shows Signs of Stability Ahead of US CPI Data Release

While Bitcoin maintains its stability amid inflationary concerns and economic data releases, other cryptocurrencies face a different fate. In recent months, the world has witnessed a significant degree of financial turbulence as it relates to dwindling crypto prices and concerning Consumer Price Index (CPI) data. One key aspect of this turbulence has been the seesawing prices of cryptocurrencies, a phenomenon that has left many investors and analysts speculating about the future of digital...

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Solana (SOL) Price Analysis: Risk of Another Drop To $16

Solana price gained bearish momentum below the $20.00 level against the US Dollar. The price is now trading below $20 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $18.50 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair could recover, but the upsides might be limited above the $20 resistance. Solana price is trading in a bearish zone below $20 against the US Dollar, similar to...

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SOL Price Analysis: Solana Bulls Aim Increase To $22

Solana price started a recovery wave above the $20.00 resistance against the US Dollar. The price is now trading above $20.00 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $19.50 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $20.50 and $20.80 to continue higher in the near term. Solana price is trading above $20.00 against the US Dollar, similar to Bitcoin....

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SOL Price Analysis: Solana Could Recover Further If It Clears $22.40

Solana price started a decent increase above the $20.80 resistance against the US Dollar. The price is now trading above $20.50 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $20.75 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $22.00 and $22.40 to continue higher in the near term. Solana price is trading above $21.00 against the US Dollar, similar to...

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Short Bitcoin Outflows Halt for the First Time in 14 Weeks: CoinShares Report

The summer period’s lackluster trading activity is evident as digital asset investment products recorded outflows of $107 million this week. The profit-taking has gathered tremendous pace lately, with weekly trading volumes in investment products 36% below the year-to-date average. The wider on-exchange market has experienced a more significant decline, with volumes down 62% relative to the year-to-date average, according to the latest edition of CoinShares’ weekly report on...

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Solana Network Hasn’t Gone Down in 5 Months: Report

The Solana network has not suffered any outages in the last five months and has been 100% uptime since February. The enhanced network performance marks a striking transformation from the previous year when layer-1 network outages caused severe disruptions. A new report released by Solana Foundation stated that the subsequent upgrades, including the rollout of QUIC TPU, Stake weighted QoS, and localized fee markets, have helped the network to handle high traffic and demand....

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SOL Price Analysis: Solana Could Recover Further If It Holds This Support

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Solana price started a decent increase above the $16.00 resistance against the US Dollar. The price is now trading below $16.50 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $16.20 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The...

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