Solana (SOL) has encountered significant headwinds in its attempt to reach new historic highs, with the price consolidating around $238. A comprehensive analysis of multiple technical indicators suggests that the cryptocurrency might face additional downward pressure in the near term. The liquidation heatmap, a sophisticated tool for understanding potential price
Solana (SOL) has captured investor attention with its impressive performance in the last week. Currently Solana is trading at $236.34, SOL has experienced a 2.32% dip in the last 24 hours but remains a dominant force in the crypto market. Its market cap stands at $112.24 billion, with a 24-hour
Solana (SOL) has encountered significant selling pressure following its recent ascent to an all-time high of $264.63 on November 24. Currently trading at $232.72, the cryptocurrency has experienced a 12% retracement, prompting a notable shift in market sentiment and trading behavior. The derivatives market paints a particularly telling picture of
Solana (SOL) has captured the attention of the cryptocurrency market, soaring to an all-time high of $265 on November 23, 2024. This surge comes amid a broader bullish trend in the market, driven by Bitcoin‘s ascent towards $100,000. Notably, in the past month, Solana-based tokens have seen remarkable gains, with
As the cryptocurrency market anticipates for the upcoming altcoin season, several assets have shown price breakouts. At press time, the trading charts shows mixed trends, as Bitcoin (BTC) and Ethereum (ETH) is trading on the downside at $93.4K and $3.3K, respectively. Turning to altcoins, Solana (SOL) hit a new all-time
The approval of altcoin exchange-traded funds (ETFs) like Solana (SOL), XRP, Litecoin (LTC), and Hedera (HBAR) remains uncertain. Bloomberg analyst James Seyffart suggests decisions could extend into late 2025. Regulatory challenges and market constraints are the primary reasons for the delay. The U.S. Securities and Exchange Commission (SEC) has denied
Solana has achieved a major milestone as its decentralized exchange (DEX) volume surpassed $100 billion in November. According to DefiLlama, Solana recorded $109.8 billion in DEX trading volume, doubling Ethereum’s $55 billion. The network also posted a remarkable 100% increase from October’s $52.5 billion, showcasing its dominance in DeFi. This
HIO Music ($HIO), a fast-growing social music platform that leverages the Solana (SOL) network, has announced the date for its highly anticipated airdrop. According to the announcement, HIO Music, formerly Helios, will undertake the token generation event (TGE) on November 29, 2024. The HIO Music team has remained laser-focused and
Our optimistic sector is receiving its rewards quickly this cycle—Bitcoin hits a new ATH at $99K. The cryptocurrency’s bull run has reflected much attention back to market prices. While investors look around for what prompted this cycle, glad tidings have arrived within the regulatory sector as well. The present SEC
Bitcoin (BTC) crosses above the $98K mark, setting a new all-time high at $98,342. The BTC rally has altered the altcoin market, causing major assets, except Ethereum (ETH), to gain momentum. Among them, Solana has broken through its crucial resistance above $230. Notably, the altcoin has a moderate spike of
