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Solana price staged a strong recovery, surging for five consecutive days, and crossing the important resistance point at $200 for the first time since April 1. It has surged by over 82% from its lowest point in August, a trend that could continue.
The cryptocurrency has recently surged to remarkable new heights, and now its RSI (Relative Strength Index) is displaying a flattening effect at the top. This pattern is comparable to a double-top pattern in conventional RSI analysis, in which the RSI reaches comparable high levels, twice forming a ceiling of sorts.
Solana (SOL) breaks past $200 amid record transaction volumes, following a surge in optimism on US elections.
Solana (SOL) price is showing some promising signs, with the coin up almost 20% in the last week, but caution is required. While recent indicators reveal strong upward momentum, the sustainability of this trend remains in question.
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Binance Futures announced the launch of GRASSUSDT, DRIFTUSDT, and SWELLUSDT perpetual contracts with leverage of up to 75x. These contracts went live offering traders additional exposure to Solana's GRASS token, as well as DRIFT and SWELL.
Bitcoin hit a new all-time high at $77,000, boosting buying in several altcoins, which have also broken above their respective resistance levels.
The price of Solana's native token SOL has been on a tear, leading gains among the crypto majors this week following Donald Trump's historic win on Wednesday.
Coinbase analysts are optimistic about the cryptocurrency market heading into 2025, citing a supportive macro environment in the U.S.
Solana's DeFi sector continues to see remarkable growth as TVL surges by triple digits.
“See you in hell,” crypto influencer and investor Cobie replied to a user promoting the Solana Pump.fun meme coin styled after his UpOnly podcast.
Solana's impressive market cap growth raises questions about sustained momentum amid rising volatility.
cbBTC is the first token Coinbase has issued on Solana.
Cobie, who previously hosted a podcast of the same name, said the UPONLY tokens were theoretically worth $17 million when he burned them.
The Solana price hits $200 as Sol Strategies seeks to accelerate SOL adoption. We speak exclusively to CEO Leah Wald about the altcoin's winning ways The post Why Solana Will be Altcoin Season's Big Winner as Sol Strategies Seeks to Accelerate SOL Adoption appeared first on Cryptonews.
While bitcoin catches its breath after its recent ascent past record highs, other digital assets are enjoying a Friday boost. Altcoins Surge Ahead as Bitcoin Takes a Breather: SOL, CRO, and Meme Coins Lead the Pack As of Nov. 8, the crypto market is coasting 2.09% higher than yesterday, totaling $2.57 trillion.
Solana has jumped by 9% in the past 24 hours, rallying to $204.27 as the cryptocurrency market continues its bullish response to Donald Trump's election victory. The post Solana Open Interest at Record High – Is a $250 Breakout Imminent? appeared first on Cryptonews.
The crypto markets have risen above a minor consolidation as the Bitcoin price is heading back towards the ATH at $76,400. The traders have become more optimistic over the SOL price rally as the token remains within the top 5 dominant tokens in the market.
Yields on U.S. sovereign debt declined Thursday after the Federal Reserve eased monetary policy by slashing interest rates by 0.25 percentage points. What happened: The benchmark 10-year Treasury yield dropped by 0.8 basis points to 4.335%, while the yield on 2-year government bonds slid 2 basis points to 4.197%.
The ongoing rally of Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) should not lead investors to believe that all cryptocurrencies will do equally well in a bull run, a new report found. What Happened: “Any coin or token that failed to rally at least 10% over the last week should likely be avoided,” the 10x Research analysts write in their latest report, urging investors to stay focused on selective assets that demonstrate resilience and growth potential.
Solana has broken through the $200 threshold for the first time in seven months of trading. The token's price saw a 8.69% rise as the crypto market rallies after the US election.
This is a major step in making Bitcoin (BTC) more accessible to people who use the Solana blockchain. For the first time, Coinbase has issued a token on Solana, and it's called cbBTC.
TL;DR Eclipse, the first hybrid Ethereum-Solana layer-2 network, has launched its mainnet, combining the speed and low transaction costs of Solana with the decentralization and liquidity of Ethereum. The network offers 60 decentralized applications (DApps) across various sectors, including DeFi, consumer apps, and gaming, attracting users and developers from both ecosystems.
