Tag: Sol

Solana (SOL) Pauses at Critical Level — Is a Sharp Move Coming Next?

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Solana started a recovery wave above the $135 zone. SOL price is now consolidating and faces hurdles near the $140 zone. SOL price started a decent recovery wave above $132 and $135 against the US Dollar. The price is now trading above $132 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $133 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $140 and $142. Solana Price Faces Resistance Solana…

SOL Rallies But It’s Too Soon To Call A Trend Change

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Key points Solana’s native token SOL (SOL) failed to reclaim $140 on Monday despite recovering part of its recent losses. A negative funding rate in SOL perpetual futures and declining onchain activity across the Solana network continued to weigh on investor sentiment. SOL remains down 30% over the past 30 days, underperforming the broader altcoin market. Traders are now assessing the likelihood of a sustainable bullish trend. SOL/USD vs. altcoin market capitalization. Source: TradingView / Cointelegraph Much of the prevailing concern among cryptocurrency investors stems from declining confidence in the…

Solana (SOL) Recovery Underway But Momentum Still Needs Stronger Follow-Through

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Solana started a recovery wave above the $125 zone. SOL price is now consolidating and faces hurdles near the $135 zone. SOL price started a decent recovery wave above $125 and $128 against the US Dollar. The price is now trading above $130 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $130 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $135 and $140. Solana Price Aims Recovery Solana…

Spot ETF Inflows Rise as SOL Price Faces Key Test

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Spot Solana exchange-traded funds (ETFs) have continued to attract capital despite SOL’s (SOL) steep price drawdown. Since launch, the products have accumulated $476 million in total net inflows, with the streak extending 17 consecutive days, even as Solana’s (SOL) price plunged nearly 30% from $186 to $130. Key takeaways: Spot SOL ETFs posted 17 straight days of inflows, with Bitwise’s BSOL representing 89% of the total value. Futures data underscored the building of selling pressure near the $140 resistance zone, which could send SOL to a retest of $120.  Spot…

Solana (SOL) Aims Recovery Run, $155 Resistance Now Back in Focus

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Solana (SOL) Recovers, but Key Resistance Levels Continue to Cap Upside Attempts

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Solana (SOL) Extends Sell-Off to $130 as Recovery Attempts Remain Fragile

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Solana started a fresh decline below the $145 zone. SOL price is now consolidating losses below $140 and might decline further below $130. SOL price started a fresh decline below $145 and $140 against the US Dollar. The price is now trading below $140 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $136 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $130 or $128. Solana Price…

Solana treasury Forward Industries transfers $260M in SOL to Coinbase Prime

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Key Takeaways Forward Industries transferred approximately $260 million worth of Solana (SOL) tokens to Coinbase Prime. The transfer signals a significant movement of SOL to an institutional custody and trading platform. Share this article Forward Industries, the largest Solana treasury entity backed by Galaxy Digital, Multicoin, and Jump Crypto, moved around $260 million worth of Solana tokens to Coinbase Prime today, according to Arkham Intelligence data. The transfer represents a significant movement of SOL tokens to an institutional custody platform. Coinbase Prime provides trading and custody services specifically designed for…

XRP and SOL Have ‘Very Wide Gap’ In Market Interest, Says Exec

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The average investor still hasn’t reached a clear consensus on which crypto assets beyond the top two warrant serious attention, according to Anthony Bassili, president of Coinbase Asset Management. “There’s a very, very clear view in the investor community in terms of the right first portfolio is Bitcoin. The next is Bitcoin, Ethereum,” Bassili said during an interview with Cointelegraph at The Bridge conference in New York City on Wednesday. Bassili pointed out that Solana (SOL) is “maybe” the third asset on the radar. “The market is very unsure as…

Solana ETF Inflows Continue As SOL Slips Below Key Price Level.

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Key takeaways: The spot Solana ETFs have recorded inflows for 13 consecutive days. SOL broke its multi-year uptrend, slipping below a key moving average. Spot Solana (SOL) exchange-traded funds continued to attract investor interest, recording their thirteenth straight day of inflows, underscoring institutional demand for the network’s native asset. According to data from SoSoValue, Solana ETFs added $1.49 million on Thursday, bringing cumulative inflows to $370 million and total assets to over $533 million. The Bitwise Solana ETF (BSOL) was the only one that recorded inflows on Thursday, marking the…