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Solana News
Blockonomi
2w
47
Image Credit: Blockonomi
SOL Bulls Fight Back: Can Solana Break Above $135 Before Quarter Ends?
- Solana (SOL) recently bounced from the $120–$130 support range, showing signs of a bullish reversal.
- Speculation about a possible Solana ETF is driving buying interest, hinting at a potential breakout in July.
- SOL's trading volume surged by 17.6%, signaling renewed market interest despite recent weakness.
- Market analyst Cas Abbé noted that holding above $130 is crucial amid geopolitical risks impacting crypto markets.
- Abbé anticipates a retest of $150–$155 and a possible push towards $170 if SOL's higher low pattern on the daily chart holds.
- A Solana ETF approval is seen as a key driver for future price gains, with bullish positions offering a favorable risk-reward setup.
- Despite trading at $133.77, SOL is down 14.46% over the past week, with analysts cautioning about a potential drop to $100 if $130 support fails.
- Traders are monitoring key support levels at $134 and a possible upside target at $142.59, while indicators suggest ongoing selling pressure.
- Veteran trader Matthew Dixon highlighted U.S.–Iran tensions as a broader risk factor affecting Solana's price.
- External catalysts and technical strength will likely influence SOL's price in the coming weeks, with the $130 mark being crucial for bullish momentum.
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Cryptoticker
2w
77
Image Credit: Cryptoticker
Will Solana Bounce 25% or Dump 35%? Chart Reveals All
- Solana (SOL) price has faced significant selling pressure, dropping over 29% from its peak near $188 to around $130, testing key support levels.
- Charts indicate a crucial decision point between a potential short-term bounce or a further decline, with indicators like RSI nearing oversold levels and bearish Heikin Ashi candles persisting.
- SOL is currently struggling around $130, attempting to hold above a critical Fibonacci support zone while facing a sustained downtrend marked by red Heikin Ashi candles.
- The RSI at 30.26 suggests a possible reaction point for Solana, with historical patterns showing potential for a short-term bounce if the $130 support level holds.
- A break below $128-$130 support could lead to a rapid decline towards $116 or $102, indicating a downside risk of around 23% to 36%.
- A bullish scenario depends on defending the $130 support and breaking above $140, possibly triggering a short squeeze rally towards $152 and $165.
- The current chart structure suggests a bearish bias until SOL price shows strength above the $140-$142 resistance zone, despite RSI pointing towards oversold conditions.
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TechBullion
2w
385
Image Credit: TechBullion
Solana Price Action Slows, Near Protocol Gains 46M Users, While BlockDAG’s $0.0020 Presale Nears June Deadline
- Current price action for Solana (SOL) and Near Protocol (NEAR) suggests a holding phase or potential breakout.
- Solana (SOL) price fluctuates between $143 and $152, while Near Protocol (NEAR) shows limited price movement.
- BlockDAG's upcoming miner rollout in July aims to bring about significant changes with strong funding and real-world utility.
- BlockDAG has raised $317M out of its $600M presale goal, offering physical mining hardware and active network contribution.
- With 20 exchange listings, including Tier-1 exchanges, BlockDAG aims to provide stability and strong trading activity.
- BlockDAG sets itself apart by focusing on tangible value creation upfront, unlike relying solely on marketing hype.
- NEAR Protocol (NEAR) experiences price dip but impresses with 46 million active users, surpassing Ethereum and Binance Chain.
- NEAR prioritizes Web3 and AI developers, introducing new DeFi tools and account abstraction.
- SOL price faced a setback on June 13, hovering between $145 and $152, with potential resistance at $158-$161.
- Analysts project a breakout toward $179-$195 or a drop to $127 for SOL, with technical indicators showing a neutral-to-slightly-bullish outlook.
- Overall, NEAR shows strong network metrics despite price dip, while SOL remains range-bound with mixed price predictions.
- BlockDAG emerges as a promising project with fast progress, real-world adoption plans, and significant presale funding.
- Interested investors can explore BlockDAG's presale at $0.0020 per coin for potential future growth opportunities.
- For those seeking the crypto with the most potential, BlockDAG presents a compelling option with its proactive approach and planned liquidity support.
- BlockDAG's emphasis on real utility, liquidity provision, and strong backing positions it as a standout project in the market.
- The current phase of BlockDAG's presale is at Batch 29 out of 45, having raised over $317 million so far, with the price set to increase soon.
- NHeld: $317M. open for 3 more days. After $0.0030, next price increase will occur. Hardware includes X10, X30, and X100 ready for July launch.
- NEAR and SOL present mixed short-term signals, while BlockDAG offers a proactive and promising outlook with its upcoming developments.
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Coinjournal
2w
77
Image Credit: Coinjournal
SOL’s pattern suggests the coin could drop to $120
- Solana's native coin SOL is down 9% in the last 24 hours and might reach the $120 support level due to a bearish trend.
- The head and shoulder pattern on the daily timeframe indicates strong bearish control over SOL.
- Bitcoin's decline to $100k due to the Middle East crisis has negatively impacted SOL and other major cryptocurrencies.
- SOL's current price is $128.6, with potential to test the $120 support level if the bearish trend persists.
- The MACD and RSI indicators suggest that sellers are dominating the SOL/USD pair.
- If market conditions improve, SOL could face resistance at $148 and $165 per coin.
- The future trading of SOL remains uncertain.
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Crypto-News-Flash
2w
389
Image Credit: Crypto-News-Flash
Solana Network Health Report Reveals $800M in Validator Revenue, 3,200+ Devs
- Solana (SOL) has generated over $1 billion in revenue for two consecutive quarters and has attracted over 3,200 monthly developers.
- Solana's Network Health Report shows a continuous 100% uptime for more than 16 months.
- While SOL has seen a recent decline in trend, with a 3% drop in the last 24 hours, it has gained 6% in the last 90 days, currently trading at $142.
- Traders' interest in SOL remains high, with $3.9 billion market volume.
- The Solana network has experienced significant growth, with App revenue surpassing $1 billion for two quarters and $800 million in quarterly Validator REV.
- The network has shown resilience with 100% uptime and impressive transaction capabilities.
- Solana's decentralization and node counts position it favorably compared to other networks like Ethereum.
- Solana has 1,295 validators across 50 countries and a Nakamoto coefficient of around 20.
- Analytical suggestions hint at Ethereum and Cardano potentially outperforming SOL in the future due to different factors.
- Solana emerged as the top blockchain in 2024 in terms of new developers, with over 7,600 developers and 3,200 active monthly.
- Recent innovations and partnerships are expected to contribute to Solana's price growth in the long run.
- SOL is projected to reach $2000 in the long term and potentially $1000 in the medium term, as per recent analyses.
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Crypto-News-Flash
2w
26
Image Credit: Crypto-News-Flash
Everything Blockchain Inc. Allocates $10M to SOL, XRP, SUI, TAO & HYPE Ahead of Institutional Wave
- Everything Blockchain Inc. is allocating $10 million to a multi-token treasury consisting of Solana, Ripple, Sui, Bittensor, and Hyperliquid.
- The company aims to earn up to $1 million annually in staking rewards and share a portion of those rewards with shareholders, creating a 'crypto dividend'.
- EBZT is focused on bridging traditional finance and decentralized finance and aims to provide regular investors with access to yield-generating crypto assets.
- The company is also involved in backing enterprise adoption of blockchain technology through its various divisions.
- EBZT CEO highlighted the importance of timing as institutional money flows into blockchain networks.
- The company hopes to lead a wave of crypto treasury innovation and capitalize on the growing staking market.
- Lion Group Holding Ltd. secured a $600 million funding facility to build a crypto asset treasury focusing on Hyperliquid, Solana, and Sui.
- Hyperliquid, despite recent price dips, remains a significant player in the DeFi sector and is attracting attention.
- DeFi Development Corp, a Nasdaq-listed company, has accumulated over 621,000 SOL, indicating growing interest in Solana.
- XRP is seeing institutional players adding over $1 billion worth of XRP to their treasuries, signaling a potential institutional era for the token.
- Analysts project XRP could reach $10 as it currently trades around $2.17.
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TronWeekly
2w
234
Image Credit: TronWeekly
Pump.fun Faces Delay in Token Sale Amid Mounting Legal Troubles
- Pump.fun has delayed its token sale to mid-July amidst legal issues and investor frustration.
- A class action lawsuit accuses Pump.fun of unregistered securities trading and price manipulation.
- Speculation of regulatory intervention arose after Pump.fun's X account suspension.
- The token sale, initially planned for June 25 to raise $1 billion, has faced multiple delays since early 2024.
- Investors are increasingly frustrated due to the lack of clarity.
- The class action lawsuit against Pump.fun alleges it operated as an unregistered securities exchange and engaged in price manipulation.
- Pump.fun faces legal challenges from trademark infringement allegations on user-generated memecoins.
- The recent suspension of Pump.fun's X accounts stirred rumors of regulatory action.
- Several crypto startups have faced social media suspensions, adding to regulatory concerns in the industry.
- Pump.fun has expanded its legal team to deal with the lawsuits and maintain user trust.
- Debates within the Solana community question the legality and sustainability of memecoin launches like Pump.fun.
- The case of Pump.fun emphasizes the importance of regulatory compliance amidst increasing scrutiny.
- The future of Pump.fun remains uncertain as delays persist and legal challenges mount.
- The legal outcome of Pump.fun's case could set a precedent for meme-driven crypto platforms.
- The incident reflects a growing trend of social media suspensions in the crypto industry, raising investor anxiety.
- Pump.fun's postponed token sale and legal troubles highlight the risks faced by projects navigating a complex legal landscape.
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TronWeekly
2w
325
Image Credit: TronWeekly
Wyoming’s WYST Stablecoin Pilot Picks Aptos and Solana as Top Blockchains
- Aptos and Solana topped Wyoming’s technical evaluation for the WYST stablecoin pilot.
- WYST stablecoin will use LayerZero for cross-chain operability from launch.
- The official launch of WYST tokens is expected after July testing phases.
- Wyoming Stable Token Commission identifies Aptos and Solana as top blockchain networks for WYST stablecoin.
- Commission shortlisted over 10 blockchains, including Ethereum, Avalanche, Base, Polygon, and Sei for the project.
- Aptos ranked highest, Solana and Sei also received high marks in technical assessments.
- Aptos and Solana both scored 32 points in the network testing phase.
- WYST stablecoin will launch as an Omnichain Fungible Token using LayerZero protocol.
- Test deployments are running on major public testnets like Aptos, Solana, Ethereum, Avalanche, and others.
- The commission's emphasis on real-world performance led to the selection of Solana and Aptos.
- US Senate's stablecoin bill approval boosts Wyoming's WYST project amidst stablecoin regulations.
- Wyoming aims to be the first state to issue and operate a government-backed stablecoin.
- No official WYST tokens are available for purchase yet; full deployment and partner selection by mid-July.
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Bitcoinist
2w
83
Image Credit: Bitcoinist
Blockchain Powerhouse Pours $10M Into XRP And 4 Other Crypto Stars
- Everything Blockchain plans to invest $10 million in five crypto tokens, including XRP.
- This makes Everything Blockchain the first listed company to operate a multi-token staking treasury.
- The company expects to earn about $1 million annually in staking rewards across XRP, SOL, SUI, Hyperliquid, and Bittensor.
- Everything Blockchain aims to create a yield-producing portfolio by staking the five assets.
- The portfolio includes a mix of established tokens like XRP and newer projects like SUI and Hyperliquid.
- Retail investors can participate in staking rewards by owning EBZT shares.
- Public firms, including Trident Digital Tech Holdings and VivoPower, are also entering the crypto staking space.
- Everything Blockchain's move into multi-token staking may influence other companies in the industry.
- Execution will be crucial for Everything Blockchain to establish a successful model for corporate crypto treasuries.
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Bitcoinsensus
2w
56
Image Credit: Bitcoinsensus
Solana Price Prediction: Is the Pullback Just a Setup?
- Solana has experienced a 27% drop since May 23, forming a bearish 4H market structure.
- The daily chart, however, still shows a bullish trend with a potential demand zone near $120.
- Liquidity sweeps below key support could indicate a reversal, pending confirmation.
- Despite short-term bearish signals on the 4H chart, the broader market structure for Solana remains bullish.
- Price revisiting key zones and shaking out late bulls may be a setup for a potential upward move.
- A recent liquidity sweep below key support on the H4 chart, above a demand zone, suggests a possible reversal.
- Short-term price prediction for Solana hints at an upward push following recent liquidity grabbing and demand zone respect.
- However, confirmation is essential as the market remains bearish on the 4H chart.
- Long-term outlook remains bullish as Solana maintains higher lows, respects demand zones, and follows an overall bullish trend.
- Traders are advised to stay nimble, manage risk, and be prepared for various price scenarios in the crypto market.
- Remember that market movements are possibilities, not certainties, and it's crucial to be prepared for different outcomes.
- The article emphasizes the importance of zooming out, maintaining a trading strategy, and being ready for potential market fluctuations.
- While short-term volatility may occur, the macro structure of Solana suggests a solid foundation for the future.
- Traders are encouraged to be prepared, adaptable, and mindful of risk management strategies in the crypto trading environment.
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Newsbtc
2w
400
Image Credit: Newsbtc
Solana Analyst Sees $123 And $116 As Mid-Zone Support Levels – Here’s Why
- Solana is testing a key demand zone near $150 after facing selling pressure and market sentiment shifts, currently trading 20% below its May high of $185.
- Analyst Efloud emphasizes monitoring Solana's response to Bitcoin dynamics, indicating potential retracement towards mid-zones at $123 and $116 if Bitcoin consolidates sideways and dominance rises.
- The $123 and $116 levels could act as significant support/resistance areas, crucial if bearish momentum persists as investors exhibit caution in the altcoin market.
- Solana's price action suggests vulnerability within a fragile technical structure; traders are monitoring for a rebound or deeper correction.
- Solana stands 50% down from its all-time highs, with attention on critical demand zones determining a potential recovery or further downside.
- A breakout above $168 resistance could trigger an upward move, possibly aiming for $230 as the next major resistance level.
- On the SOL/BTC pair, key levels to watch include 0.0015 resistance, 0.00115 for confirmation, and 0.000988 sats for support.
- Solana's weekly chart analysis emphasizes holding above the $140–$150 support zone, facing resistance at the 50-week moving average near $170.
- Failure to maintain above the 100-week moving average at $132 could lead to further downside, with $123 and $116 identified as subsequent demand zones.
- Volume decline over recent weeks indicates reduced participation and fading aggressive selling, with a potential bullish scenario if SOL reclaims $160 convincingly.
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Blockonomi
2w
282
Image Credit: Blockonomi
Wyoming Selects Aptos and Solana for First U.S. State-Backed Stablecoin WYST
- Wyoming has chosen Aptos and Solana for hosting WYST, the first U.S. state-backed stablecoin, backed by U.S. dollars and utilizing LayerZero's interoperability framework.
- Aptos and Solana were selected for their high-speed capabilities, scalability, and transaction efficiency, with Aptos supporting over $30 billion in monthly stablecoin volume and low transaction fees.
- WYST will integrate LayerZero's messaging protocol for cross-chain functionality, enhancing liquidity and accessibility in the broader crypto ecosystem.
- Wyoming's proactive blockchain laws position it as a crypto-friendly jurisdiction, leading in state-level crypto adoption, while federal stablecoin regulation lags behind.
- The market sees institutional confidence growing in Aptos and Solana with the WYST project announcement, potentially attracting more use cases and liquidity.
- Solana's sentiment remains positive despite technical chart signals, benefiting from ETF speculation, while Aptos demonstrates strong DeFi growth.
- Wyoming's move sets a new benchmark for state-backed financial applications, emphasizing secure and scalable platforms for digital finance.
- Aptos and Solana were tied as top choices by Wyoming's Stable Token Commission for the WYST project, showcasing their speed and capacity for handling high volumes of transactions.
- WYST's selection of blockchain platforms aligns with industry efforts to enhance connectivity and break down blockchain silos for a more accessible crypto ecosystem.
- Overall, the WYST project with Aptos and Solana integration signifies a step towards state-level blockchain integration into public finance and accelerating industry growth.
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Crypto-News-Flash
2w
375
Image Credit: Crypto-News-Flash
Cardano or Solana? The Altcoin to Watch for Massive 2026 Gains
- Analysts predict Cardano (ADA) could outshine Solana (SOL) in the upcoming cycle due to its better risk-to-reward potential.
- Cardano is anticipated to reach $3, $5, and $10, while SOL's potential high is projected at $4,000.
- Charles Hoskinson, Cardano's co-founder, proposed converting 140 million ADA to solve liquidity issues, sparking mixed opinions within the community.
- Despite differing views, analysts like Alex Becker believe that ADA has significant upside potential compared to SOL.
- Becker, who has been bullish on ADA, foresees a 5x to 8x rise, with a $5 prediction in March.
- Hoskinson's long-term targets for ADA stand at $3, $5, and $10, emphasizing the value proposition of the asset.
- Some in the crypto community argue that SOL could surpass ADA, especially if the SOL ETF gains approval, with a reported 70% likelihood.
- Cardano has seen a surge in network activity, boasting over 2000 projects and 110.43 million transactions by June 13.
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Cryptopotato
2w
291
Image Credit: Cryptopotato
Crypto Price Analysis June-20: XRP, ADA, BNB, SOL, and HYPE
- Ripple (XRP) saw flat price action with a 1% gain, unable to break $2.3 resistance, likely to hover around $2.
- Cardano (ADA) lost support at $0.64, fell by 6%, struggling to sustain uptrend, potential downtrend towards $0.51.
- Binance Coin (BNB) closed with a 1% loss, in a downtrend since late May, critical support at $600.
- Solana (SOL) facing bearish sentiment, rejected at $186, potential downtrend towards $130, challenging tokenomics.
- Hype (HYPE) downtrend after breaking $39 uptrend, down by 10% with support levels at $34 and $30, waiting for price to stabilize around $30.
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Zycrypto
2w
104
Image Credit: Zycrypto
Novogratz’s Galaxy Offloads $105M in Ethereum for Solana
- Mike Novogratz's Galaxy Digital has sold around $105 million worth of Ethereum and shifted its focus to Solana amidst concerns over Ethereum's scalability and competition.
- Galaxy Digital deposited 65,600 ETH ($105.48M) to Binance and withdrew 752,240 SOL ($98.37M) from Binance in the past 2 weeks.
- Solana's decentralized exchanges have surpassed Ethereum's trading volume in the last three months, with 224 million active Solana addresses compared to Ethereum's 79 million.
- Galaxy Digital is becoming more involved in Solana's protocol governance, proposing systems like 'MESA' to address inflation control.
- The crypto industry is seeing a sentiment shift towards Solana due to its performance and scalability compared to Ethereum.
- Solana overtook Ethereum in monthly DEX volume in July 2024, emphasizing the growing competition between the two platforms.
- Ethereum is attempting to improve scalability with proposed changes to its proof-of-stake consensus mechanism by Vitalik Buterin.
- At present, Solana is trading at $146.65, up 0.52% in the last 24 hours, while Ethereum sits at $2,518, down 0.40% in the same period.
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