Solana (SOL) has been trading in the bearish momentum for a while. Currently, it is trading below key moving averages on a daily time frame, indicating bearish signals. However, despite the bearish sentiments, experts and the community are positive about SOL. Renowned Bitcoin analyst, Ali Martinez, said in his latest
Dogecoin and Solana face strong bearish pressure with confirmed death crosses, while XRP attempts a recovery but struggles with key resistance. Dogecoin (DOGE) is at risk from a bearish “death cross” technical signal, which will exacerbate its poor price momentum. It is when the 50-day moving average crosses below the
The Solana community agreed to introduce the SIMD-228 proposal to change its current inflation rate system. After the final vote today, the proposal failed to pass with only 61.4% votes. Despite the rejection of the proposal, the Solana voting system is garnering attention across the industry. Around 910 validators, amounting
The overall crypto market has been traversing towards the recovery lane in the past two days. Bitcoin has finally surpassed its $82K resistance and instilled hope among investors. This can also be seen in the altcoin sector, as leading tokens struggle to overpower the bears. Meanwhile, other subsectors have remained
Solana is showing signs of recovery above $120 amid a volatile crypto market. Despite a 14% decline over the past week, SOL has surged 5.98% on March 11, temporarily halting a bearish streak. However, analysts caution that the recovery may be short-lived, as declining revenues and technical sell signals point
Solana approaches the death cross Solana is experiencing strong bearish pressure since it is moving towards a death cross formation. This is when the 50-day moving average crosses below the 200-day MA, which in the past has been used as a sign of a long-term downtrend and increased selling pressure.
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on VanEck’s proposed spot Solana (SOL) exchange-traded fund (ETF). This delay aligns with the regulator’s cautious approach to cryptocurrency ETFs, emphasizing investor protection and market stability. The SEC’s decision to delay the Solana ETF was widely anticipated, as the
The crypto market is experiencing uncertainty as the fear and greed index drops to 15, the level last seen during the FTX collapse. The global market cap has declined to $2.65 trillion while the 24-hour trading volume surged to $150 billion. The momentum has continued to be bearish, resulting in
Traders are re-evaluating the effects of trade tensions on world economic activity and US President Trump’s Bitcoin Reserve order, which has caused the cryptocurrency market to continue bleeding. The overall market capitalization of all cryptocurrencies fell, with bitcoin price diving to $81k range. And that’s despite Trump’s Thursday Executive Order,
Solana (SOL) experienced a sharp drop after reaching $139.73. The token is currently trading at $134.49, down 2.20% in the last 24 hours. Its market cap stands at $68.44 billion, reflecting the same percentage decline. The trading volume has dropped significantly to $2.12 billion, marking a 55.18% decrease. Solana’s market
