Solana Faces Key Test – What Happens Next Could Be Game-Changing
Crypto analyst Ali Martinez has highlighted a crucial moment for the price action of Solana, pointing to a key support level within a parallel channel. His technical analysis, which is based on SOL price action on the daily candlestick timeframe, shows that the altcoin has been trading in an uptrend channel since July 2024. Notably, this uptrend channel has been highlighted by the formation of higher lows and higher highs as Solana continued to push to new all-time highs. Now, Martinez noted that holding above a key support level could reinforce the altcoin’s uptrend towards the....
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Solana is under mounting selling pressure, sliding its price further into a correction phase. After struggling to maintain upward momentum, SOL has been steadily retreating, now approaching the crucial $164 support level. This key zone will determine whether the cryptocurrency finds stability or extends its downward trajectory. Market indicators suggest that bears remain in control, with momentum shifting in favor of sellers. If Solana fails to hold above $164, it could open the door to even deeper losses. However, if buyers step in to defend this level, it would trigger a price reversal.....
While the prices of cryptocurrencies are trending downward, major networks such as Solana are showing heightened activity on-chain. Meanwhile, on-chain data shows that SOL is at the top of its game as the network has had a better runtime in recent days compared to major chains. Blockchain Stress Test, But Solana Shows Strength In the […]
On October 1, the global esports firm TSM FTX announced the launch of the organization’s first-ever non-fungible token (NFT) collection in partnership with the Solana blockchain-based NFT game Aurory.
TSM FTX Collaborates With Solana and Serum-Powered Blockchain Game Aurory
During the first week of June, FTX Trading Limited, revealed the crypto company inked a naming rights deal with the U.S. professional esports organization TSM for $210 million. The announcement said that the crypto firm would rename the esports organization “TSM FTX,” and the two....
Play-to-earn gaming is an exciting vertical in the crypto and blockchain industry. While most developers build on Ethereum or other EVM-compatible networks, Solana has also been of great interest. Certain aspects of this network appeal to game developers, even if Solana wouldn’t necessarily be their first choice. Play-to-earn Gaming On Solana The rankings by DAppRadar […]
Solana (SOL) has long been celebrated for its high-speed transactions and innovative blockchain technology, making it a favorite among developers and investors alike. However, as 2024 progresses, Solana is facing increasing competition from new entrants in the cryptocurrency market. One such competitor is Mpeppe (MPEPE), a new decentralized finance (DeFi) and gambling token that has […]