SOL

As the first week of September concluded, the Solana (SOL) price settled at $124, raising concerns for investors as the fifth largest cryptocurrency risks breaching the critical $100 threshold.  According to market analyst Ali Martinez, recent technical analysis indicates that a sustained close below the channel’s lower boundary at $126 could trigger a significant price correction for Solana, potentially dropping to $110 or even $90. Solana Price Challenges In a social media update, Martinez elaborated on the current market conditions,…

Solana (SOL) has been holding above the $120 mark since experiencing a significant 24% retrace from its local highs. As the crypto market faces growing fear and uncertainty, Solana has remained one of the strongest performers this cycle, attracting attention from analysts and investors looking for opportunities. This current price zone is critical, as it will likely determine the asset’s next big move.  Traders are closely monitoring whether SOL can maintain support around $120, as holding this level could set…

Like Bitcoin and other top altcoins, Solana continues to sell off at press time, rewinding losses of the first part of the year. At press time, SOL, the native currency of the smart contracts platform, is trading at around $130, retesting a critical support level. As it is, the third-most valuable crypto asset is down nearly 40% from 2024 highs of around $210. Technically, sellers are in control, and unless there is a sharp shift in trend favoring buyers, the…

The post Strong Buy Signal for Solana (SOL), Here’s What Expert Says appeared first on Coinpedia Fintech News In this bearish market sentiment, the majority of cryptocurrencies have experienced notable price declines. Amid this, a crypto expert hints that Solana (SOL) is flashing a buy signal. On September 6, 2024, a prominent crypto expert shared a post on X (Previously Twitter) that a technical indicator named TD sequential has presented a buy signal for SOL on the daily time frame. …

Cardano (ADA), Polygon (MATIC), and Solana (SOL) have been key players in the cryptocurrency market, each building strong communities around their decentralized platforms. However, the tide is shifting as some investors are starting to question the long-term potential of these tokens due to recent controversies and technical changes. A growing number of these investors are turning their attention to emerging projects like Mpeppe (MPEPE), which is currently priced at $0.0021 and has sparked interest for its unique blend of meme…

The cryptocurrency market has been on a rollercoaster ride in 2024, with major altcoins like Solana (SOL) and Ethereum (ETH) grappling with intense volatility. While these top-tier projects have been struggling to maintain their positions, Mpeppe (MPEPE), a rising meme coin, has gained aggressive momentum, attracting investors looking for more dynamic opportunities. Solana (SOL)’s Struggles in 2024 Solana (SOL), once heralded as a breakthrough blockchain for its speed and scalability, has encountered significant hurdles in recent months. Despite being one…

With the whole crypto market on tenterhooks, and the U.S. non-farm payroll data expected later on Friday, sentiment is still decidedly bearish. That said, isn’t it at times like these that bottoms occur? Ethereum ($ETH), Binance Coin ($BNB), and Solana ($SOL), are the major cryptocurrencies ready to take advantage of a reverse back to the upside. Time to go against market sentiment? Bitcoin ($BTC) is right now struggling to stay above its last-ditch support at around $56,000. If the king…

As the cryptocurrency market navigates through a challenging year, September 2024 has emerged as a crucial month for investors, particularly those with stakes in Solana (SOL) and the rapidly growing meme coin, Mpeppe (MPEPE). Both cryptocurrencies have captured the attention of the market, albeit for different reasons. Solana (SOL) is under scrutiny following a steep decline, while Mpeppe (MPEPE) is gaining momentum as its presale stage 3 nears completion. This article explores why these two cryptocurrencies are worth watching closely…

The cryptocurrency market mirrored the stock market’s downturn on Thursday as traders braced for Friday’s highly anticipated jobs report. As a result, almost all major US stock indices slipped into the red. Bitcoin (BTC) dropped nearly 4% over the past 24 hours, while gold registered a 1% increase to push back above the $2,500 mark.  Almost all cryptocurrencies remain firmly in the red as bears continue to dominate the market. BTC is currently down by 1.39%, while ETH has struggled,…