Solana (SOL) and Enzyme (MLN) rally while the wider market remains flat
A rapidly growing ecosystem and recent Coinbase listings helped SOL and MLN bounce back from recent lows while the wider market trades sideways. Significant price corrections like the one see in May inflict widespread pain for a majority of market participants and can be a death sentence for struggling projects as token holders capitulate and dump their holdings for any price offered. While these periods are useful to help shakeout the weak hands and weed out unnecessary projects, they also offer strong performers the opportunity to stand out from the crowd and attract the attention of....
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Solana price has finally broken past the $30 price mark and flipped that level into a support line. SOL has gained 6% in the last 24 hours. In the last week, the coin moved up by 4%. The Bitcoin rally has pushed many altcoins up on their respective price charts. Major altcoins have traveled northbound as they followed Bitcoin’s price action. The technical outlook of Solana has displayed bullish price action on the chart. The demand for the coin has shot up, which has caused buyers to enter the market. SOL’s next price movement remains crucial. A move above the $34 mark remains....
SOL price is 87% down from its all-time high, but do improving fundamentals strengthen its investment thesis? The crypto sector is caught in a deep correction and recent reporting shows that a majority of altcoins are more than 70% down from their 2021 highs. Solana is on that list and investors are on the fence about whether the token has strong enough fundamentals to warrant buying Solana (SOL) at its current value. Data from Cointelegraph Markets Pro and TradingView shows SOL is down 87.5% from its all-time high and given the current state of the market, most price breakouts fail to....
Crypto analyst Ali Martinez has identified similarities between Solana’s current price action and the 2021 bull run. Based on his analysis, Solana (SOL) could rise above $1,000 if it mirrors its move from 2021. Solana Could Rise To As High As $1,400 Related Reading: Solana Set For 900% Rally With Breakout From This Pattern — Analyst Martinez predicted that Solana could rise to as high as $1,400, revealing that Solana is looking “a lot like July 2021.” July 2021 was when SOL began its parabolic run in the last market cycle, going from about $30 to its current all-time high (ATH) of $260 in....
Solana (SOL) has undoubtedly been one of the major winners of the recent crypto rally after notching over 60% gains on the weekly chart. Since it has grown so much, expectations of a downside are common. However, one crypto analyst is bucking this trend as they see a continued breakout for the altcoin. Solana To […]
Dogecoin (DOGE) is at risk of a significant price decline due to its network activity, which has remained flat for a while now. Despite a bullish spike in some other metrics, this on-chain metric remains vital for the foremost meme coin’s growth. Dogecoin Network Activity On The Low Data from the market intelligence platform IntoTheBlock […]