All articles tagged with #sol
Originally Published 4 months ago — by AMBCrypto
Despite bullish signals and growing institutional interest, Solana (SOL) faces potential short-term dips to $192 or even $170 due to technical patterns like a rising wedge and liquidity clusters, though its long-term outlook remains bullish based on the MVRV ratio.
Originally Published 4 months ago — by AMBCrypto
Solana (SOL) enters September with a strong historical track record of positive returns and bullish momentum, supported by institutional investments and high trading volumes. The key levels to watch are $195 for support and $215 for resistance; a break above could propel SOL higher, while a drop below $195 might lead to a retest of lower support levels.
Originally Published 4 months ago — by AMBCrypto
Solana has experienced a 70% surge in trading volume, with its DEX volume nearly doubling Ethereum's, fueled by growing momentum, Open Interest, and speculation around a potential Solana ETF, raising the possibility that SOL could outperform Ethereum in September 2025.
Originally Published 5 months ago — by AMBCrypto
Solana (SOL) has broken above $180, outperforming Ethereum (ETH) with a 5% daily rally, signaling potential for a move to $200 amid signs of a market rotation and relative strength reversal, especially as ETH shows signs of fatigue at high levels.
Originally Published 6 months ago — by AMBCrypto
Solana is showing bullish signs with a cup and handle pattern, trendline support, and supportive market conditions, suggesting it could potentially rally to $185 or even $220 if key resistance levels are broken and buying momentum continues.
Originally Published 6 months ago — by AMBCrypto
Solana experienced a price retracement after facing downward pressure, with a major whale selling 240,000 SOL worth $35 million. Despite this, retail investors are accumulating, and market indicators suggest a potential bullish continuation if retail sentiment remains positive. However, the large whale sell-off indicates some bearish caution, and the market could decline further if retail investors start selling. Overall, the outlook remains cautiously optimistic with potential for recovery.
Originally Published 7 months ago — by AMBCrypto
Solana's SOL has dropped over 11.5% below $160, with on-chain data indicating increasing losses and waning confidence, raising concerns of potential capitulation or a bounce depending on market support and bullish catalysts.
Originally Published 7 months ago — by Cointelegraph
Analysts suggest that 'very rare' Ethereum and Solana staking ETFs, structured as unique C-corp funds, may launch in the US within weeks following REX Shares' innovative filings, which use regulatory workarounds to bypass typical approval processes, marking a significant development in crypto ETF offerings.
Originally Published 1 year ago — by AMBCrypto News
Experts predict that Solana (SOL) could reach $1000 in the next bull run, driven by strong buying pressure and market sentiment. Currently trading at $152.12, SOL has shown significant volatility and recovery, with technical indicators suggesting a bullish trend. Analysts believe that Solana's accessibility and potential for an ETF, along with its historical growth patterns, support its optimistic future.
Originally Published 1 year ago — by AMBCrypto News
Over the past two weeks, Solana's (SOL) price has seen significant volatility, with a notable rise followed by a sharp decline. Despite trading above its 50-day moving average and showing positive derivative metrics, the price has struggled to maintain gains. Trading volume has fluctuated but remains substantial, and increased Open Interest suggests continued investor interest. While the current support level appears strong, the $200 milestone remains uncertain.
Originally Published 1 year ago — by AMBCrypto News
Solana's ecosystem saw a surge in revenue, with SOL jumping over 50% in March, fueled by increased blockchain utilization and memecoin trading. The network raked in $31.58 million, surpassing MakerDAO as the third-highest revenue generator in the Web3 industry. With SOL just 21% shy of its all-time high, there are predictions of a new ATH in April, reflecting the asset's remarkable recovery from the crypto winter of 2022.
Originally Published 1 year ago — by CoinDesk
Solana's SOL has surged past $200 for the first time since November 2021, driven by the meme coin frenzy and rapid network activity, surpassing its previous market cap high of $75 billion. Various metrics such as network volumes, active wallets, and fees have hit lifetime peaks, with the network amassing $3.2 million in fees over a 24-hour period. However, net inflows to the Solana blockchain have been negative, indicating a lack of significant new money entering the ecosystem, while sentiment data suggests that retail traders have been driving the network activity.
Originally Published 1 year ago — by CoinDesk
Solana's SOL and The Book of Meme (BOME) have garnered significant attention on crypto social media, outperforming ETH and BTC in the past week. Increased chatter around these tokens may indicate a potential retail investor frenzy, with SOL's price surging 45% and BOME's debut seeing an 82% increase. Meanwhile, Ether has declined despite implementing the Dencun upgrade, and bitcoin has held steady. Solana's DeFi ecosystem has also seen renewed interest, with its decentralized exchanges registering a trading volume of $30 billion this month. The surge in social media mentions and Google search interest for SOL may signal a retail investor frenzy, reminiscent of previous market tops.
Originally Published 1 year ago — by CoinDesk
Bitcoin has risen above $67,000 amidst pre-FOMC volatility and investor confidence in buying the dip, while memecoins surge, driving the sector's market cap over $55 billion. Solana (SOL) and Avalanche (AVAX) have also seen significant increases, with memecoins and their associated tokens experiencing notable gains.
Originally Published 1 year ago — by U.Today
The Solana (SOL) daily chart indicates a potential bullish reversal, with a tentative ascending channel forming and a local support level around $74.73. If the price continues to respect the ascending trend line, a bullish scenario targeting the upper boundary of the channel and potentially reaching $100 could unfold. Conversely, a break below $74.73 could signal a bearish scenario with potential declines towards $57.32 and $50. An inverse double bottom pattern suggests a bullish reversal, with a breakout above the neckline potentially leading to a rally in the SOL/ETH pair.