Solana

Solana (SOL), one of the largest digital assets in the market by market capitalization, has been in a period of price consolidation, oscillating between the $140 and $150 price range. This period follows a significant drop that saw SOL plummet to $109 on August 5th, with a modest recovery since then.  However, despite its resurgence, Solana has struggled to break above upper resistance levels, reflecting a pattern reminiscent of Bitcoin’s (BTC) price movements for the past week. Solana Price Forecast…

The post Will The Solana Memecoins Surge Again?  WIF, BONK, and POPCAT Make Bullish Signals appeared first on Coinpedia Fintech News Solana memecoins spikes are traders’ favorite sessions, and after the short bearish phase, the rally is likely to begin again.  Amid the crypto market recovery today, top Solana memecoins Dogwifhat (WIF), BONK,  and Popcat Sol have shown a significant surge. Additionally, The fundamentals and technicals of these coins paint a bullish ride in the short and mid-term.  The Top…

The post Will SOL Crash? Solana Price Prediction for August 13 appeared first on Coinpedia Fintech News Solana (SOL), the world’s fifth-biggest cryptocurrency along with other top assets has been experiencing continuous selling pressure following the formation of a bearish price action pattern in its 4-hour time frame. This bearish pattern was also shared by a prominent analyst on X (previously Twitter) on August 13, 2024. Will SOL Crash? According to the post on post on X, Solana has formed…

Expectations of the Solana price going above $200 have been rampant with the most recent recovery. In some cases, predictions have reached as high as $1,000 for the cryptocurrency, but one crypto analyst is going in the opposite direction. In a recent analysis, Alan Santana has predicted a crash for the SOL price that could eliminate all of its gains from the past week. Solana Shows Similar Patterns To 2023 In the analysis, crypto analyst Alan Santana points out that…

Solana (SOL) has recently rebounded from a significant drop, with its price increasing by 10% in less than 48 hours and sparking interest in its potential to exceed $160. The ongoing recovery is partly attributed to new "token extensions" on the Solana network and the development of Firedancer, a validator client aimed at enhancing transaction capabilities.  Amidst this development, Pawfury (PAW) is emerging as a presale project that's capturing the attention of savvy investors. With its promise of high returns…

The post PayPal’s PYUSD Stablecoin On Solana Exceeds Its Supply On Ethereum! appeared first on Coinpedia Fintech News The supply of PayPal’s PYUSD stablecoin on Solana surpassed its supply on Ethereum. Since the launch in May, the PYUSD stablecoin on Solana has a supply of 377 million, while Ethereum-based PYUSD stands at 356 million. PayPal’s U.S. dollar-pegged stablecoin launched on Ethereum in August 2023 through a partnership with custodian firm Paxos. Following its rollout, PYUSD’s supply reached 230 million by…

The post SOL Price May Drop to $122 if This Trade Plays Out Well—Will Solana Bulls Gear Up Now? appeared first on Coinpedia Fintech News Solana is among the tokens that have been closely monitored in recent times. Although the token has demonstrated massive price movements, the current trade setup suggests the price is close to beginning a fresh bearish trend. The token has remained stuck within a range for a prolonged period, which suggests the bulls are failing to…

The post Massive Bitcoin Whales Accumulate BTC Like Never Before, Why This Will Push Solana and DTX Exchange Higher appeared first on Coinpedia Fintech News While it is currently showing a slight bearish trend, the price of Bitcoin rose to $57k in the last 48 hours, fueled by the whales’ accumulation of 30k BTC. This considerable increase in the Bitcoin price has impacted other cryptocurrencies and has taken other altcoins such as Solana and DTX Exchange.  DTX Exchange, particularly, is…

Although the market dipped today, Solana has found its way to spark investor interest despite falling a few points in the past 24 hours. However, the token is still up nearly 22% in the past month, going against the market’s general bearishness after last week’s slip and slide.  Solana’s significant traction around the world has garnered some attention in the institutional space, leading to a development that might help SOL weather the bearish storm ahead. But with the coming announcements…