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Solana's price declined sharply to begin April, declining 60% from its all-time high of $294.33 in mid-January. The sudden drop has raised concerns about the scalability and resilience of Solana, a leading meme coin ecosystem, and its native token $SOL, one of the top altcoins – but created an opportunity for Solaxy.
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
Solana has surged by 40% since plummeting to a 12-month low of $95.23 on April 7, igniting renewed bullish sentiment in the derivatives market.
Solana price is on a bullish path after hitting a two-week high of $134 today, April 14. A top trader now believes that the ongoing SOL rally is in its early stages and forecasts a bull run past $300 after spotting a bullish setup on the CME futures chart.
XRP has once again reigned supreme against other top cryptocurrencies amid a $795 million outflow recorded in the digital assets space. Amid this, Ripple's coin recorded an inflow, defying the broader market trend, which also resulted in an outflux in Bitcoin, Ethereum, and Solana.
While global economies remain very uncertain going forward, the crypto market is beginning to coil up, and the U.S. stock market allowing, we could see a substantial surge into the Summer. Solana (SOL), Binance Coin (BNB), and Sui (SUI) are well placed to lead this resurgence.
Since the sentencing of former FTX CEO Sam Bankman-Fried (SBF), the assets linked to his portfolio have shown mixed performance, with Bitcoin (BTC) emerging as the only one to post positive returns.
Malware operations targeting holders of Ethereum, XRP, and Solana cryptocurrencies have been exposed by cybersecurity researchers. The threat attacks Atomic and Exodus wallet owners by using compromised software packages installed by developers unaware of the malware contained in the code.
Solana (SOL) stays under significant bearish pressure even as the crypto market recovers gradually after a notable drop over the past month. Intense market sell-offs last week caused SOL's stock to tumble about 10%. It has struggled to keep an optimistic momentum.
Solana stunned the cryptocurrency market in 2021 with an unexpected, explosive climb few analysts had imagined. Starting the year trading close to just $1, the token jumped to an all-time high of about $260 by November—a startling 25,000% growth in less than a year.
Solana price has bounced back in the past few days as activity in the network improved and as investors bought the dip. After falling to a low of $95.15 earlier this month, the SOL coin jumped to a high of $132 on Monday.
Solana appears to be gearing up for a major technical breakout, with recent price action building up an interesting chart formation. A familiar bullish pattern has formed, and if validated, it could drive the price to a level not seen in recent weeks.
SOL is beginning to gain dominance over ETH.
The cryptocurrency market slipped by 1.56% in the past 24 hours on Sunday, pulling the global market cap down to $2.66 trillion as major assets saw mixed performance. Altcoins Diverge as Trading Volume Declines This week in crypto markets, bitcoin ( BTC) maintained its dominance, trading at $83,781 with a slight 1.
Solana crypto is regaining momentum. After a 47% drop since early March, SOL has just rebounded strongly, surpassing the critical threshold of 125 dollars.
Cybersecurity researchers have shared details of a malware campaign targeting Ethereum, XRP, and Solana. The attack mainly targets Atomic and Exodus wallet users through compromised node package manager (NPM) packages.
The Solana Policy Institute aims to reform DeFi's shadowy reputation and ensure the space remains forefront in the minds of policymakers.
Bears remain weak on the last day of the week, according to CoinStats.
Technical analysis showed that Solana was bearish on the higher timeframes, despite its strong price bounce over the past week.
Crypto prices had a mixed performance last week, with popular tokens like Onyxcoin, Fartcoin, Jasmy, Hyperliquid, and Helium soaring. Other altcoins like Tezos, EOS, Movement, Toncoin, and Ethereum crashed by double digits.
The price of Solana (SOL) has risen above the $100 support and broken above the 21-day SMA barrier.
Solana is trading above the $125 mark after bulls stepped in with force, reclaiming critical technical levels and bringing some relief to a market that had been dominated by selling pressure. After weeks of steep declines and heightened volatility, Solana is finally showing signs of strength as buyers return and confidence starts to rebuild.
Solana's rally stalls below $140, with whale exits and clustered resistance flashing red flags.
Solana (SOL) has rebounded strongly, emerging as the best-performing altcoin in the top 10 today. After an extended period of market volatility, SOL surged by 8% in early trading to reclaim the key $124 resistance level.
