Solana’s [SOL] NFT market demonstrated notable resilience in August, emerging as the second-highest blockchain by NFT sales volume, only trailing behind Ethereum [ETH]. According to data from Coin98 Analytics, Ethereum recorded $131 million in NFT sales, while Solana followed closely with $79 million. Bitcoin [BTC] also made it to the
Solana (SOL) finds itself navigating turbulent waters as its value has plummeted by 25% over the past month, recently breaching critical technical support levels. This decline not only reflects SOL’s ongoing struggle to overcome resistance but also signals a potential erosion of positive market sentiment, potentially paving the way for
Solana’s recent resurgence was short-lived as the cryptocurrency succumbed to bearish pressure, dropping to a two-week low of $137 today. Over the past 24 hours, SOL has declined by nearly 4%, with trading volume plummeting by 19%. The token has also experienced a 24% decrease over the past month. Despite
In the cryptocurrency sector, volatility in prices is a daily occurrence. Despite that, significant movements in charts often tend to draw investors’ attention. Relatedly, the second largest altcoin, Solana, showed such price movements. The token has seen a price drop of 4.54% in the last 24 hours. Solana, the native
Solana (SOL) has again captured attention with its recent price movements and significant whale activity. Yesterday, Solana hit a 17-day high of $162, marking an 8% surge over the past seven days. Currently, SOL is trading at $159, experiencing a modest 0.46% decline, while its trading volume has spiked by
Solana (SOL), once a darling of institutional investors, finds itself at a critical juncture as the third quarter of 2024 draws to a close. The cryptocurrency’s recent price action and shifting investor sentiment paint a complex picture of its near-term prospects, challenging the sustainability of its previous uptrend. Technical analysis
Solana (SOL), the fifth-largest cryptocurrency by market cap, has drawn out its marginal gains. After a 1.68% spike, SOL chose a brief bullish rally for the day, breaking the previous resistance levels. Over the last 24 hours, SOL managed to hit a high of $162. Despite the surge, the SOL
Over the last 24 hours, in an interesting turn of events, the crypto market has begun to show bullish sentiments. The overall market cap has increased by 4.07% while daily trading volume surged 47.66%. Leading cryptocurrencies such as Bitcoin and Ethereum surpassed previous resistance levels and attempted price recovery. Notably,
In the past 24 hours, the cryptocurrency market has shown bullish turns with market cap increasing 2.79% and daily trading volume surging 16.36%. Leading cryptocurrencies such as Bitcoin also showed price increases over the past day. However, the market over the past few weeks has remained uncertain with high volatility
Solana investors are concerned as they face an impending unlock of $340 million worth of SOL tokens. With that many new tokens entering circulation, investors are concerned about increased selling pressure on Solana, which could drive the price down in an already volatile market. Meanwhile, the new ETFSwap (ETFS) presale
