In Brief Solana hovers near $200 as whale addresses decline, signaling potential shifts in market sentiment. The DMI indicator shows weakening trend strength, with selling pressure easing but no strong bullish momentum yet. SOL price remains in consolidation, with key levels at $220 resistance and $187 support defining its next major move. Solana (SOL) price is…
Read more
In Brief Solana price drops 17% as bearish momentum persists, trading near $200 while market sentiment remains mixed. Solana’s downtrend shows signs of easing, but key resistance levels must be broken for a potential bullish reversal. Solana consolidates near $200 as traders watch for a breakout or further decline toward critical support levels. Solana (SOL) price…
Read more
In Brief Solana price is up 8% in 24 hours and 21% over the week, with a market cap approaching $130 billion and trading volume at $10 billion. Bullish indicators like the Ichimoku Cloud and BBTrend signal strength, though signs of consolidation suggest a pause. SOL could test resistance at $292 and rise to $300,…
Read more
In Brief Solana price has fallen 20% in seven days, trading below critical levels with a market cap of $85 billion and strong bearish momentum. The Ichimoku Cloud and DMI signal intense selling pressure, with SOL risks testing $159, $147, and potentially $133 support. A recovery could target $183 resistance, with a potential rebound to…
Read more
In Brief XRP soars to $2.37, overtaking USDT and Solana with a market cap of $135.37 billion. XRP regains pre-SEC lawsuit valuation when Hinman emails fueled regulatory uncertainty. Potential Ripple partnerships and leadership shifts hint at further XRP elevation and growth. The crypto market is abuzz after witnessing a seismic shift. XRP, the powering token…
Read more
In Brief Solana (SOL) trades at $216, with trading volume dropping from $12.60B to $5.72B, signaling bearish resistance. Active addresses fell from 20M to 17.98M, reflecting declining network engagement and weakening support for a rally. If selling pressure persists, SOL could drop to $190.30, but increased volume and buying could push it toward $300. On…
Read more
In Brief Solana’s (SOL) price surged 20% in a week, showing strong upward momentum but raising sustainability concerns. Indicators like BBTrend (2.53) and ADX (47.3) suggest a strong yet market-dependent uptrend. SOL may test $210 resistance, but risks include broader market shifts or testing support at $179 or $165. Solana (SOL) price is showing some promising…
Read more
In Brief One analyst via X predicts that Solana’s price could rally toward $290 before November 2024 ends. The Sharpe ratio shows that SOL offers a good risk to reward ratio with traders holding bullish positions. Another analyst suggests that the SOL/BTC uptrend could slow and this could drawdown Solana’s price. Solana (SOL) recorded an impressive…
Read more
In Brief Solana’s price is currently in a descending wedge, and investors are anticipating a breakout. Price indicators suggest SOL’s bullish momentum could persist over the next few trading sessions. The P/S ratio highlights that despite the growth in revenue, SOL is still highly undervalued. Solana’s (SOL) price is on the brink of breaking out of…
Read more
In Brief Solana’s price failed a bullish breakout and is now close to witnessing a death cross. The bearish market cues are weighing heavy on the altcoin, as evidenced by the RSI. Sharpe ratio is at a 4-month low of -4.27, signifying negative risk-adjusted returns. Solana’s (SOL) price is close to witnessing a bearish phenomenon…
Read more