Solana (SOL) Nosedives — Sellers Tighten Grip, Recovery Attempts Fail

Solana started a fresh decline below the $180 zone. SOL price is now consolidating losses below $175 and might decline further below $165. SOL price started a fresh decline below $180 and $175 against the US Dollar. The price is now trading below $175 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $191 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $165 or $162. Solana Price Dips Further Solana price failed to remain stable above $185 and started a fresh....

Amid the market crash, the Solana price has taken a major hit, falling more than 56% from its $294 all-time high recorded back in January. Despite multiple attempts at recovery, each bounce has been sold off quickly, and the result has been steeper declines, ultimately affecting the broader Solana meme coin landscape. Even now, with […]

Solana network faltered anew, as the crypto space’s “Ethereum Killer” goes offline courtesy of faulty mechanics in its system. Just this September, co-founder Anatoly Yakovenko admitted during an interview that the outages which continue to plague Solana were the network’s curse. Yakovenko, however, was quick to defend, saying that the downtimes the system experienced could […]

Solana ETFs are breaking records even as SOL prices are in a downtrend. While bearish sentiment dominates the crypto market, billions of dollars continue to flow in, painting a contrasting picture between price action and institutional demand. As the cryptocurrency attempts a recovery, analysts are once again eyeing a return to the $100 level. However, […]

Solana failed to settle above $85 and trimmed some gains. SOL price is now recovering losses from $76 and showing a few positive signs. SOL price started a decent recovery wave above $78 and $80 against the US Dollar. The price is now trading above $80 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $81 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $82 and $84. Solana Price Attempts Recovery Solana price remained stable and started a decent recovery wave above....