Solana

Data shows that Bitcoin (BTC) Open Interest plummeted during the latest market retrace, but Solana (SOL) and Ethereum (ETH) have been resilient. Solana & Ethereum Open Interest Has Only Seen A Mild Retrace According to data from the analytics firm Santiment, Bitcoin has seen its Open Interest plunge after the pullback in its price. The “Open Interest” here refers to a metric that keeps track of the total amount of derivatives positions related to a given asset (in USD) currently…

The post Solana Traders Eye on $140 Level, Here’s Why appeared first on Coinpedia Fintech News As Bitcoin (BTC) fell below the $62,000 level, the overall cryptocurrency market experienced significant selling pressure. This bearish sentiment caused a major setback for Solana (SOL) as it broke its two days of consolidation near the crucial level of $160. Solana (SOL) Price Action and Technical Analysis The breakdown from consolidation has shifted the sentiment for SOL to bearish. Additionally, the SOL’s daily chart…

The post Markets Consolidating Yet Solana (SOL) Price Preparing for a 30% Rise—But Here’s the Catch appeared first on Coinpedia Fintech News The markets are consolidating again! Solana’s price yet again failed to hold above $160 as the bearish action began in no time. As the Bitcoin price plunged below $63,000, which may soon tank below $62,000, the market participants appear to have fallen into a sea of uncertainty. This could cause the SOL price to remain within an accumulated…

Market watchers have praised the Solana (SOL) price action throughout the month. The fifth-largest cryptocurrency by market capitalization has displayed a strong performance despite the market shakeouts, recently reclaiming the $160 support level. Analysts suggest that SOL might repeat history and kickstart a rally toward a new all-time high (ATH) soon. Solana Breaks Out Of Consolidation Range In August, Solana’s strength was tested during the market retraces. Several analysts deemed SOL one of the strongest assets this month, noting its…

A huge surge could be about to push Bitcoin (BTC) and the altcoins much higher. Among the altcoins, Solana (SOL) is in pole position, and the first major altcoin to lead crypto into a new stage of the bull market. $BTC needs to sustain $63,000 Bitcoin is suffering some volatility right now as it attempts to hold the newly acquired support at $63,000, and it could be touch and go as to whether the $BTC price can sustain this level.…

Solana started a fresh increase above the $150 resistance. SOL price could rally further if there is a clear move above the $162 resistance. SOL price started a fresh upward move above the $150 and $155 levels the US Dollar. The price is now trading above $155 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $158 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could…

The post Solana (SOL) and BNB Holders Look To Weather Storm By Seeking Shelter in Fastest Growing New ICO appeared first on Coinpedia Fintech News As the market experiences a mini-rebound, Binance Coin and Solana investors are hoping for an imminent breakout.  Meanwhile, Rollblock investors have been enjoying gains all crash long, and analysts are tipping RBLK for exponential 50-100x gains as the presale finalizes in Q4. Solana Stagnates As Market Begins To Wake Up  In 24 hours, the market…

The post Solana, Avalanche And Other Altcoins Are Hinting At Massive Upside Move; Stack Now! appeared first on Coinpedia Fintech News Is the cryptocurrency market stuck in ‘the calm before the storm’? What will happen when Bitcoin reclaims $70k levels? Right now, there’s a lot of bearish sentiment, but remember, we’re consolidating near all-time highs. We’re on the verge of a breakout, and time is ticking.  Analysts across the industry are predicting that altcoins will begin their rally once Bitcoin…

The post Top Three Altcoins To Watch In 2024: Can ETFSwap (ETFS) Outshine Solana (SOL), Cardano (ADA), And Avalanche (AVAX)? appeared first on Coinpedia Fintech News Novel ETF sensation, ETFSwap (ETFS) is making rounds in the crypto space with its ingenious tokenized ETF solution, and as such has emerged among the top three altcoins to watch in 2024. Consequently, major market makers and ecosystem volume analysts speculate as to whether it can outshine Solana and Avalanche (AVAX).  Can ETFSwap (ETFS)…