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Solana News
TheCryptoBasic
1M
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Solana Slips Below $169: Will $158 Support Hold?
- Solana has faced a significant decline in the cryptocurrency market, dropping 5.05% in the past 24 hours.
- Solana's price has fallen below $169 and is now heading towards the $159 support level.
- The MACD and signal lines indicate a bearish trend, but the moving averages remain positive.
- Solana's failure to sustain momentum and the break below a rising channel pattern suggest a potential downfall.
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TheNewsCrypto
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Solana Price Dips Retracing to $166 Level After Recent Rally
- Solana has shown a price drop of 4.90% in the last 24 hours after the recent price increases.
- The altcoin's daily trading volume has increased by 5.67% as per CMC data.
- US SEC has charged the crypto sector with penalties worth $400 million since April 2021.
- Solana (SOL) experienced a 4.90% price dip, retracing to the $166 level after reaching a high of $176.
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Bitcoinist
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Solana DeFi Growing, Daily Users Approaching 7 Million: Will SOL Crack $200?
- Solana, with a market cap of over $81 billion, has struggled for momentum despite a rising crypto market.
- SOL price retraced about 3% over the previous 24 hours while other cryptocurrencies like Bitcoin and Ethereum rose.
- Solana's ecosystem is growing, with nearly 7 million daily active users and a thriving DeFi ecosystem.
- Solana could benefit from institutional support, with Robinhood offering SOL and VanEck launching an ETN in Europe.
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NullTX
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SOLANA PRICE ANALYSIS & PREDICTION (October 31) – SOL Turns Weak Amid Latest Drops, Looking For A Solid Ground
- Solana (SOL) price experienced a rejection after reaching a three-month high, resulting in a 3% drop in the past 24 hours.
- The price recovery in the last two months brought SOL near June's highs after completing an inverse head and shoulder pattern.
- Currently, SOL is showing weakness and initiating a pullback on the daily chart, with the possibility of a further decrease if it drops below the daily low.
- The key resistance levels to watch are $181.6, $194, and $210, while key support levels are $160, $147.7, and $135.5.
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TheNewsCrypto
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Solana Approaches $186 Resistance as Technical Indicators Signal Caution
- Solana approaches the $186 resistance level, a price point that has triggered reversals since mid-May.
- Technical indicators signal caution, with the CMF above 20.0 suggesting peak inflow conditions.
- The RSI reaching 70.0 indicates an overbought condition, casting doubt on SOL's ability to maintain its bullish stance.
- If the $186 resistance holds, support levels are expected at $161 and $155.
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Zycrypto
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Race For Spot Solana ETF Heats Up As Yet Another Firm Files Application With SEC
- Canary Capital Group has filed an application with the SEC for a Solana-based exchange-traded fund (ETF).
- Canary Capital joins other prestigious asset managers such as VanEck and 21Shares in seeking to list a SOL ETF.
- The proposed spot SOL ETF would provide traditional investors with access to the Solana market without the need to purchase and store the cryptocurrency.
- Solana has emerged as a strong competitor to Ethereum and is being considered for SEC approval for a spot ETF.
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18 Likes
TheCryptoBasic
1M
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Will Solana Uptrend Resume as Whale Withdraws 206,111 SOL from Binance to Stake $36M?
- Whale activity involving SOL has been on the rise, with a large holder withdrawing 206,111 SOL from Binance to stake $36 million.
- The whale's portfolio is valued at approximately $29 million, consisting mainly of Marinade Staked SOL (mSOL), with 38,043 SOL staked.
- Earlier whale acquisitions in September amounted to $4.52 million, with 207,000 SOL moved to self-custody and 115,135 SOL subsequently staked.
- Technical analysis suggests a potential uptrend for Solana (SOL), with a bullish flag pattern indicating a further price increase and potential gains of 119.9% to 372.77%.
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23 Likes
Crypto-News-Flash
1M
219
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Solana Leads Altcoin Fund Inflows with $10M as Institutions Show Bullish Sentiment
- Institutional inflows into Solana reached $10.8 million this week, potentially driven by regulatory optimism around the U.S. elections.
- Solana's popularity is rising, with the potential launch of Solana ETFs adding to its appeal among institutional investors.
- Bitcoin remains at the forefront of institutional investment, attracting $920 million in inflows over the last seven days.
- The U.S. led the charge in Bitcoin inflows, contributing $906 million, highlighting optimism surrounding potential pro-crypto regulatory changes post-election.
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13 Likes
Medium
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251
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The Evolution of Tokenization Viability Scoring (TVS): Continuous Improvement in Asset Evaluation
- Tokenization Viability Scoring (TVS) is a scoring system that evaluates the readiness and feasibility of an asset for tokenization.
- Initially, TVS focused on foundational qualities of assets for tokenization, but as the market grew, more complex scoring methods were introduced.
- TVS now incorporates machine learning, real-time data, risk assessment, regulatory compliance, and predictive analytics for comprehensive asset evaluation.
- Future improvements of TVS may include cross-chain compatibility, enhanced AI integration, and environmental impact scoring.
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TheNewsCrypto
1M
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Solana Forms Bullish Flag Pattern as SOL Retreats to $170 Level: Analysis Points to $830
- SOL retraces to $170 level after hitting 3-month high of $180, while maintaining 13% monthly gains.
- Analyst identifies bullish flag pattern with ambitious targets ranging from $383 to $829.
- Technical indicators suggest potential short-term pullback with $147 support level in focus.
- Solana's latest market performance presents a complex picture of immediate retracement amidst broader bullish signals.
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18 Likes
TheNewsCrypto
1M
22
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Solayer Labs Launches First Treasury Bills-backed and Yield-bearing Restaking Stablecoin On Solana Network Dubbed sUSD (Solayer USD)
- Solayer Labs has launched a yield-bearing restaking stablecoin called Solayer USD (sUSD) on the Solana network.
- sUSD is backed by United States short-term Treasury Bills (T-Bills) and is pegged to the US dollar.
- Holders of sUSD earn up to a 4% yield, distributed automatically to users.
- Solayer Labs aims to offer a unique alternative to existing stablecoins by providing yield to its holders.
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NullTX
1M
320
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Unexpected Windfall: $LUCE Creator Profits Over $2M From Meme Token Craze
- A token creator launched $LUCE and used 2 $SOL to buy 67.06M $LUCE.
- He sold all 67.06M $LUCE for 2.73 $SOL, making only 0.73 $SOL ($130).
- Now, the 67.06M $LUCE he sold is worth over $2M!
- The creator also launched two more meme tokens, accumulating about 23 $SOL ($4,100).
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19 Likes
Newsbtc
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Solana Memecoin Market Thrives: POPCAT Reaches New Record Price Of $1.75
- The Solana (SOL) memecoin ecosystem is regaining traction with investors as Bitcoin (BTC) leads the overall market recovery.
- Popcat (POPCAT), one of the outstanding tokens in the Solana memecoin space, has experienced a 21% surge and reached a new all-time high of $1.75.
- Wintermute, a market-making trading firm, has played a significant role in facilitating buying transactions for POPCAT, driving its recent bullish trend.
- Investors have been taking profits, leading to a retracement from the record-high price, but it will be crucial for POPCAT to hold key support levels above $1.70.
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Cryptonews
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Sui Rallies 18%, Chases Ethereum, Solana in Total Inflows
- Sui Network attracts US$8.6M in inflows over 24 hours, with significant asset migration from Ethereum and Solana.
- SUI coin gains 11.2% in the past day, reaching US$2.10, with a 22% monthly increase and 350% rise over the past year.
- MemeFi game moves token launch from Ethereum's Linea to Sui, leveraging Sui's network advantages.
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5 Likes
99Bitcoins
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210
Solana New High as Platform Records $2.4B in Liquid Staking as Network Activity Surges
- Solana's blockchain is experiencing a resurgence in revenue, trading volume, and Total Value Locked, reaffirming its position in the crypto market.
- Platforms like Jito and Raydium are leading the ecosystem with over $2.4 billion in managed assets, showcasing the growing interest in Solana's DeFi sector.
- Solana's DEX trading volume has surpassed $15 billion weekly, outperforming competitors like Ethereum, Aptos, and Cardano.
- Integration with traditional finance applications and strong growth metrics indicate promising prospects for Solana's future.
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