Solana’s price witnessed a 15% decline over the past two weeks. With the marketwide correction ahead of the FOMC meeting on Wednesday, Solana’s price is likely to drop to $31.77 and support at $29.59. If Solana’s price flips resistance at $41.05 and crosses the 50-day moving average, a new uptrend to $78.02 is likely. Solana’s price plummeted 25% since July 19 high of $44.37. The Ethereum-killer is struggling to recoup its losses and make a complete recovery amidst bear market woes. Further correction is likely in Solana; the altcoin could witness an extended downtrend, revisiting support ..read more

Solana’s (SOL) price has remained pretty consolidated since the start of the week. The price of SOL is up 6.70% over the past 24 hours according to CoinMarketCap. If bears don’t step in, SOL’s price could look to challenge the $80. Solana’s (SOL) price has remained pretty consolidated while many of the other assets in the crypto space have undergone large price moves since the beginning of the week. This is not to say that SOL hasn’t attempted a move, as multiple attempts were made beyond the $45. However, these attempts resulted in a significant drop. These drops may have fueled the rece ..read more

Solana witnessed a spike in the number of network participants in the bear market, unlike Ethereum and BNB, where activity declined. Active wallets on the Solana network increased by 58%, outpacing other blockchains. Solana’s price trend looks ready for reversal, SOL could decline to $25. While address activity on leading altcoin networks Ethereum and Binance Chain declined, Solana witnessed a spike. The Solana network bucked the trend as the network’s users increased their activity. Data revealed that active addresses on the Solana network have grown by 58% since the beginning of 2022. S ..read more

As US investors accommodated the rising inflation, altcoins Ethereum, Cardano, and Solana witnessed an extended rally. The outlook for Ethereum, Cardano, and Solana is bullish amid news of the upcoming merge and the Vasil hard fork. Cardano price is poised for a 35% price rally, while Ethereum and Solana are expected to continue their uptrend. After a choppy week, Ethereum, Cardano, and Solana started an uptrend, posting massive gains overnight. Technical indicators turned bullish as the altcoins recovered from the US CPI data announcement and imminent inflation. The top 10 cryptocurrenci ..read more

Charles Hoskinson shares his thoughts about Cardano and Solana collaborating. SOL’s price is down 0.70% over the last day. ADA’s price is currently $0.4345 – a 1.19% drop over the past day. Cardano’s founder and CEO, Charles Hoskinson, recently shared his thoughts about Cardano (ADA) and Solana (SOL) collaborating in a recent Ask Me Anything (AMA) session. When asked if there is potential for Solana and Cardano to collaborate with each other, Hoskinson replied with a story about how his brother used to repair old Nintendo consoles. This is a reference to an event that happened earlier thi ..read more

SOL has seen a massive recovery that succeeded in pushing the price of the crypto higher. SOL’s upward move was capped due to the presence of the 8-day Exponential Moving Average (EMA). If this trend continues, it could lead to the SOL price revisiting the $31.66 support floor. After the crypto market crash in the first half of June 2022, the price of Solana (SOL) has been highly volatile. Fortunately, SOL has seen a massive recovery that succeeded in pushing the price of the crypto higher. However, the upward momentum for SOL has reached a hurdle in its road that seems to be preventing i ..read more

A North California resident slammed Solana with a class-action lawsuit for the unregulated sale of SOL tokens. XRP holders’ lawyer warned of more lawsuits, after news of Solana Labs, Solana foundation, co-founders being drawn in a legal battle. XRP is on track to breakout, posting massive gains over the past week. Solana has been hit by a lawsuit similar to Ripple, accusing the Ethereum-killer of selling unregistered securities SOL tokens. The plaintiff has accused Solana of profiteering from the sale of SOL tokens while retail traders incurred losses. John Deaton, lawyer of XRP, raised a ..read more

LunarCrush analyzed and collected Solana activity. Analysis shows that Solana has only socially grown over the last year. Solana also had continuous accelerating activity. An analysis by LunarCrush into Solana reveals that SOL has grown socially over the last year. LunarCrush is a platform that collects social and market activity from thousands of cryptos and narrows it down into analyzable data. Looking at Solana from a social perspective, $SOL has done nothing but grow over the last year with continually accelerating activity… Social engagements: 15.78B +1.55K% Social mentions: 10.73M ..read more

Solana (SOL) has had a 13.33% increase in 3 days. The current SOL price is near 200 EMA in the 1D timeframe. According to CoinMarketCap, the price of SOL now sits at around $30.69. Over the last day, Solana (SOL) was able to stay well above the $30.69 support level and showed a reversal sign to bounce back. As shown in CoinMarketCap, Solana hovers at $37.19, with a 2.41% increase in the past 24 hours with a trading volume of $1,177,991,580.15, dropping by 27.14%. SOL/USDT 4H Chart  (Source: TradingView) Looking at the daily chart of SOL/USDT, SOL is forming a rising flag pattern in t ..read more

The volume of Solana-based non-fungible tokens (NFT) surpassed that of Ethereum. The weekly amount of transactions for ETH stood at 500k, while Solana’s stood at 630k. Solana’s NFT marketplace has been experiencing a steady decline in terms of daily volume. According to a recent tweet from Santiment, the volume of Solana-based non-fungible tokens (NFT) surpassed that of Ethereum. Although the volumes differ by a tiny factor, it is still a very critical one. An important factor to take into consideration is the fact that the volume that was charted in the tweet was not calculated in USD bu ..read more