Major altcoins dropped significantly in the Asian morning hours of January 27. As the movement alarmed investors, Bitcoin intensified the bear market with a drop below the $100K level. It is currently trading at the $98,000 level causing further dips in altcoins. On the other hand, particular altcoins have sustained
Solana (SOL) has seen a strong rally, climbing in the past 24 hours and 21% over the week. Its market cap now approaches $130 billion, surpassing notable companies like Sony and Dior. Trading volume has surged nearly 19% in the last day, reaching $10 billion and reflecting heightened market activity.
The Solana network has achieved a significant milestone, with its decentralized exchange (DEX) volume reaching a record-breaking $200 billion in monthly transactions. This historic achievement has positioned Solana ahead of major competitors, including Ethereum, and underscores its growing dominance within the decentralized finance (DeFi) space. This surge in activity can
After experiencing a 14% decline from its all-time high of $295.83, Solana enters what appears to be a new accumulation phase. This shift becomes particularly significant when we consider the reversal from yesterday’s substantial $137 million outflow, suggesting that market participants are transitioning from profit-taking to position building. Understanding Solana
The global cryptocurrency market is facing a bearish downturn, shedding 2.54% and bringing its market cap down to $3.54 trillion. Amid the dip, the altcoin Solana (SOL) defies the trend, reaching a new all-time high of $294.33. Despite the uptick, SOL couldn’t escape the red zone. However, market analysts expect
The crypto market has seen quite a turnover in the past day. As the weekend approaches, Bitcoin has finished strong in its weekly trading cycle. The cryptocurrency is currently trading at the $101K level bringing joy to the investors as they raise speculations for the 2025 bull run. This has
Solana’s recent price action presents an interesting study in market psychology as the cryptocurrency rebounds from its dip below $170. The recovery to $202 marks a significant technical achievement, though the sustainability of this bounce depends on the delicate balance between new investor participation and profit-taking behavior. Understanding Solana Network
The crypto market exhibits a mild recovery as some assets break free from the bear trap. Solana experiences a price uptick but still struggles to escape the red zone. Analysts speculate that SOL could target $200 and above as interest builds. The uptick reflects the price’s resilience amid a slightly
Solana (SOL) is navigating a period of heightened market activity, trading at $179 after a 4% decline over the past 24 hours. Despite the dip, its trading volume surged by 38%, underscoring increased trader interest. However, Solana has experienced a 20% drop over the past month, hitting a 20-day low
With many major assets trapped in a bearish phase, the crypto market is now eyeing a gradual recovery toward new highs. Ethereum, the largest altcoin, has slipped to the $3.2K mark, while Solana (SOL) shows a consistent downward movement. Following the continued rejection, the altcoin has plunged below the critical
