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With Bitcoin (BTC) making its own breakout, Solana (SOL) has been quick to follow suit. Already closing in on Ethereum as the premier layer 1 blockchain network, the $SOL price is likely to continue sucking value out of $ETH going forward.
Solana (SOL), XRP, and Shiba Inu (SHIB) are crypto's top contenders for the next potential breakout. These coins have distinct support and resistance levels, setting the stage for possible rallies.
Today marks a positive day for most cryptocurrencies, with Solana, Bitcoin, and Ethereum leading the top 10 with impressive surges. But what to expect from each?
Bitcoin (BTC) registered a weekend bounce after briefly dropping below $60,000. The world's largest cryptocurrency has been up by almost 3% over the past 24 hours and is currently trading around the $64,500 mark, with buyers eying the $65,000 price level.
With the Bitcoin price on the verge of achieving the $65,000 mark, the cryptocurrency market has recorded a strong bullish recovery over the past few hours. Moreover, top altcoins are on the verge of breaking their important levels, highlighting increased bullish sentiment.
Solana's price jumped 3% on Monday, marking its fourth straight day of growth. This steady rise shows strong momentum.
The much awaited political trigger for SOL is around the corner - Which direction will SOL take?
Solana (SOL) has surged past $150, marking the first time since October 1 that it has reached this level, signaling a potential turnaround after a challenging start to the month.
Ethena proposes adding Solana and liquid staked SOL variants as reserve assets for its USDe stablecoin, potentially unlocking billions in additional open interest and boosting the ENA token price.
Ethena Labs has proposed adding Solana (SOL) to the collateral mix of its synthetic stablecoin USDe, targeting a $100-200 million initial allocation.
Solana's price has surpassed $150, buoyed by historical performance, increased network activity, and technical indicators pointing to a potential rally towards $180.
Welcome back to our digital asset analysis column, in this article we will focus on the cryptos BRETT, BONK, and Solana (SOL).
Solana climbed higher above the $140 resistance zone. SOL price is rising and might gain bullish momentum if it clears the $155 resistance.
In the latest development, the Ethena community introduced a new proposal that seeks to use Ethereum's Layer-1 competitor Solana as a reserve asset for its synthetic dollar USDe. This development has sent the Ethena (ENA) price soaring by another 17% today to $0.39 thereby taking its market cap above $1.06 billion.
Ethereum (ETH) is experiencing a period of consolidation and over the last day, there hasn't been major movement in its price. Ethereum's price movements are also likely to align with Bitcoin's trends. According to analyst Josh of Crypto World, ETH is facing resistance between $2,440 and $2,475, based on previous support and resistance levels.
If the proposal is approved, SOL will join BTC and ETH within Ethena's collateral mix.
Solana flips 200 EMA on daily and 4-hour timeframes. Is SOL ready to rally?
Bitwise chief investment officer Matt Hougan is pointing out metrics for one Solana (SOL) competitor that he says are impressive. Hougan tells his followers on the social media platform X that out of all the charts he's looked at recently, the on-chain metrics of Aptos (APT) are standing out the most.
SUI has shattered its all-time high with a staggering 452% rise, setting the stage for what some analysts are calling the next Solana. With lightning-fast transactions, native USDC support, and explosive ecosystem growth, SUI is making waves in the crypto space.
The first two weeks of October remained neutral for most major altcoins following the geopolitical tension in the Middle East. Amid this consolidation, the Solana price managed to stabilize above $135 and the 200-day Exponential moving average for a bullish reversal.
A crypto hedge fund predicted ETH could remain muted in 2024 but could see relief in 2025.
Solana's price has maintained an upward trend in recent days, fueled by increased demand for the popular altcoin. Currently trading at $148.06, SOL has risen by 2% in the past week despite broader market stagnation.
The crypto market has displayed a stable price action over the past week, indicating a cool-off phase. However, during this period, top tokens have experienced increased adoption. This highlights a high possibility of a bullish reversal in the coming time.
Right now, the crypto arena is getting competitive again. This time, it is because of the rise of DTX Exchange (DTX) – a new ICO that has seen a 200% price jump. Since the presale is now in phase three, experts are very optimistic about its future potential.
