Solana (SOL) Struggles Below Resistance Even as Treasury Investments and ETF ...
The number 6 crypto asset Solana (SOL) may be gathering plenty of institutional interest and regulatory tailwinds, but its price performance is telling a more cautious story. Related Reading: Why This Crypto Analyst Now Believes XRP Price At $21 Is No Longer A Dream While fundamentals are hitting new highs, SOL continues to languish below […]
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Forward Industries has commenced its Solana treasury strategy with an acquisition of more than 6.8 million SOL, backed by major industry players. Galaxy, Multicoin, & Jump Back Forward’s Solana Treasury According to a press release, Forward Industries has completed its initial liquid Solana purchases totaling 6,822,000 SOL for its treasury strategy. The tokens cost the […]
Solana (SOL) struggles to break key resistance after it suffers a huge loss on a hot wallet hack, losing over $5M creating so much panic in the heart of many faithful. The price of SOL looked strong in the early part of the week, trading above $40, trying to break the resistance before having an attack on some wallets drained more than $8 million from Solana users. It now struggles to break above the 50 exponential moving average (EMA) on the one-hour (1H) chart. SOL Daily Chart Analysis The daily chart for SOL shows it is trading at $38.7 below the 50 & 200 exponential moving average....
DeFi Development announced the launch of DFDV UK, the very first Solana public treasury vehicle in the UK. The move is part of the company’s strategy to expand Solana treasury vehicles across the global market. Joseph Onorati, CEO of DeFi Development, declared in the official press release: DFDV UK is a milestone: the first Solana […]
Given its remarkable price performance in this current bull market cycle, Solana is witnessing the next wave of accumulation with the adoption of the strategic SOL treasury by large corporations. Since the initiative was launched, millions of SOL have been acquired by these prominent companies, creating a solid ecosystem for the altcoin. Strategy Solana Treasury […]
A Solana treasury is becoming one of the fastest-growing crypto treasuries among big corporations, which sees the network’s robust performance and potential to revolutionize the blockchain sector. Presently, the idea is getting a major push from DeFi Development Corp, which has purchased a notable amount of SOL into its crypto treasury. Solana Treasury Companies Are […]