Solana (SOL) Pushes Higher – Is More Upside Still Ahead?
Solana started a fresh increase above the $220 zone. SOL price is now consolidating above $215 and might aim for more gains above the $225 zone. SOL price started a fresh upward move above the $212 and $215 levels against the US Dollar. The price is now trading above $215 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $222 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $225 resistance zone. Solana Price Eyes More Gains Solana price started a decent increase after it found....
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Jan Happel and Yann Allemann, the co-founders of the on-chain analytics platform Glassnode, recently suggested that Solana (SOL) could make a significant move to the upside in its Ethereum pair. They alluded to the likelihood of Ethereum rising higher as another reason SOL will likely “soar.” Solana To Make A 90% Move Against Ethereum Happel and Allemann, through their shared X account (@Negentropic), highlighted a “clear Cup and Handle pattern” on the SOLETH chart, which suggests Solana will move 90% from its current price level. They also noted that the SOLETH ratio has been....
Per an official announcement, payment giant VISA expanded its stablecoin settlement services to the Solana blockchain. The program is currently in a pilot and testing phase but looks to improve upon the capabilities of the legacy payment rails. Related Reading: Solana Co-Founder Pushes For SOL Token Redistribution From FTX To Bankrupt Exchange’s Users VISA Doubles […]
Bitcoin has moved decisively higher over recent days. After reaching lows of $10,400 approximately seven days ago, the coin now trades for $11,350. The coin reached local highs of $11,500, around 10% higher than the aforementioned lows. As Bitcoin pushes higher, analysts are looking ahead as to what resistances could stop a further uptrend. One crypto-asset analyst says that $13,000 is the “most important” level for Bitcoin on a macro time frame. Fortunately for the […]
During the course of the week digital currency markets have seen colossal gains and one crypto asset, in particular, XRP, has jumped significantly in value over the last seven days. The distributed ledger token XRP climbed 25% upwards on Tuesday alone, and seven-day price stats show the coin has gained 123% as well. At the time of publication, XRP is currently swapping for $0.677 per coin as it gained more than 25% during the early morning (ET) trading sessions on Tuesday. The coin holds the third-largest market valuation today with a current liquid market cap at around $22.55 billion. The....