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
Solana (SOL) is trading at $138.80, reflecting a 4.23% decline in the last 24 hours. The current market capitalization reaches $70.63 billion and the daily trading volume recorded $5.13 billion after an 11% increase which demonstrates robust market activity. The declining market prices did not deter investors as demonstrated by
Though US President Donald Trump signed an executive order to create a Strategic Bitcoin Reserve, BTC retraced back to its low. The action was supposed to improve the market sentiment but failed as the government would not acquire new Bitcoin. Anatoly Yakovenko, the Solana co-founder has expressed skepticism over the
The crypto market has witnessed explosive growth, with tokens like Sui (SUI) and Solana (SOL) hitting record highs since late 2023. While these projects grab headlines, a new player is capturing attention for its potential to redefine real-world asset (RWA) tokenization. Rexas Finance (RXS), priced at $0.20 in its ongoing
FTX and Alameda Research unstaked 3.03 million Solana (SOL) tokens worth $431 million. This marks their largest SOL unlock since November 2023. The tokens were distributed to 37 wallets, with deposits likely made to Coinbase and Binance. Since November 2023, FTX and Alameda have unstaked and offloaded 7.83 million SOL,
