Is Solana In A Macro Trend Move? Charts Show Potential Shift
Solana (SOL) is trading at its lowest price level since September 2024, as the entire crypto market struggles with fear and intense selling pressure. Solana has lost over 55% of its value in less than six weeks, erasing the gains from its post-election rally and raising concerns among investors about a potential prolonged downtrend. Related Reading: Dogecoin Open Interest Declines 67% In Three Months – Can Meme Coins Recover? Panic has taken over the market, and traders are growing fearful that Solana’s correction may continue into lower price levels. Despite multiple attempts to reclaim....
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Anyone watching the charts recently will have noticed that Solana (SOL) has been on an impressive uptrend recently. The digital asset had grown from where it had been trending around the $88 price range and has once again made it above $100. While this is a welcome trend for the market, especially Solana investors, we […]
The crypto market is facing intense fear, with many analysts speculating that a prolonged bear market could be on the horizon. Ethereum has been one of the hardest-hit assets, experiencing a massive decline of over 27% in less than five days. Investors are growing cautious as ETH struggles to hold key support levels, fueling uncertainty about its short-term direction. Related Reading: Is Solana In A Macro Trend Move? Charts Show Potential Shift Despite the widespread panic, large investors appear to be taking advantage of the dip. Data from Santiment reveals that whales have accumulated....
Trends play an important role in trading, giving traders a chance to use patterns in the price data to make decisions based on more than simple rises and falls, or worse, gut instinct. But how does one identify and draw a trend on a chart? When looking at bitcoin price charts like the one below, you can't help notice how prices at times seem to move along invisible lines: This can be seen whichever chart timeframe you look at, be it weekly, daily or on a 30-minute chart: Trend lines and trend channels. The lines you see in the charts above are called 'trend lines'. However, it is apparent....
The US Securities and Exchange Commission (SEC) has made a noteworthy advancement in the potential introduction of new altcoin-based financial products by acknowledging several filings for Solana ETFs. Solana ETFs Potential In a regulatory filing, the SEC opened up the floor for public comments on the proposed “Canary Solana Trust,” aimed at facilitating mainstream investment […]
The cryptocurrency market is once again buzzing with speculation and excitement as Solana (SOL) continues to show strong upward momentum. With its rapid growth and expanding ecosystem, many are wondering if Solana can continue to make millionaires in 2024. However, while Solana is in the spotlight, a new rival has emerged that promises even greater potential gains: Mpeppe (MPEPE). This meme-based gambling ICO has attracted significant attention, and experts are predicting that it could 1000X on its launch, making it an enticing investment opportunity for those looking to diversify beyond....