Solana Explodes Out Of Downtrend: How High Can It Go?
Solana (SOL) has delivered a dramatic shift in market structure, breaking above a descending parallel channel that had dominated its price action for several weeks. Ali Martinez (@ali_charts), who shared the attached four-hour chart, suggests that this breakout could position the token for a potential climb toward $213. Solana Bulls Regain Momentum The chart, which spans from January into early March, shows a steadily declining pattern where price repeatedly tested and respected both the upper and lower boundaries of the channel before the latest bullish push propelled SOL beyond the....
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During its recent upward performance, Solana attracted a significant number of retail and whale investors, which helped bolster the upside move. Even though the altcoin’s price has briefly pulled back, substantial buying activity is still observed among the smallest SOL holders. Shrimp Wallets Multiply On The Solana Network Solana’s price is struggling below the $170 […]
The Solana price was able to clear the resistance at $200 once again, putting it in another unique position for a potential downtrend. At the time, there are multiple formations that suggest that there is an incoming downtrend, putting the SOL price in a perilous position. This is highlighted by crypto analyst Melikatrader, who outlined […]
Solana is on a downtrend currently, price of the altcoin has slid below the vital support line of $40. This downslide comes in the middle of a network outage, yet again! A software glitch was responsible for causing an outage that lasted over 4 hours. Solana had also experienced another major outage in the month of January which stretched over 18 hours. This has apparently affected the Solana ecosystem as constant outages causes traders to lose their portfolio value simultaneously. Over the last 24 hours, the altcoin lost about 6.4% of its value. In the last week, SOL depreciated over 12%.....
Crypto pundit Investments CEO has provided a bullish case for the Dogecoin price, XRP, and Solana amid this market downtrend. He revealed his price targets for these cryptos, with each target marking a new all-time high (ATH) for them. Dogecoin Price To Hit $1, XRP To $6 And Solana To $1,000 In an X post, Investments CEO predicted that the Dogecoin price will hit $1, while XRP and Solana will reach $6 and $1,000, respectively. These targets would mark a new ATH for the Dogecoin price, XRP, and Solana, whose current highs are $0.74, $3.3, and $294, respectively. Meanwhile, the analyst also....
The open interest in XRP and Solana (SOL) futures and options has reached a record $3 billion on the Chicago Mercantile Exchange (CME). According to the CME data, this remarkable milestone was reached during Monday’s session, which saw both XRP and Solana reach their highest level of participation. Both cryptocurrencies have gained traction among institutional investors, who are now treating XRP and Solana as serious alternatives to Bitcoin and Ethereum in the derivatives market. CME’s Record $3 Billion Milestone Data from CME Group reveals that open interest in XRP and Solana futures has....