#Solana
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koinmilyoner
2 hours ago
Is the 15% increase in Solana's price only the beginning of a much larger increase?
As a result, Solana is now trading at a premium of $23.50 above the US Dollar. If SOL price breaks above the $25.00 barrier, it may surge even higher.
The price of $SOL has increased by more than 15% versus the USD, and it appears to be continuing its upward trend.
The current price is below the 100 day moving average and $23.00. (4 hours).
On the 4-hour chart, support at $23.10 is building as part of a crucial bullish trend line for the SOL/USD pair (data source from Kraken).
If the pair can break over the $25 level of resistance, additional gains are possible.
#Solana Price Begins New Upswing
Recently, the price of Solana has found solid ground over the $18.80 mark. As SOL broke out above the $22 zone of resistance, it began a rapid ascent.
Consistent growth occurred over the $23.20 obstacle, which was exceeded at a faster rate than Bitcoin and Ethereum. The $24.50 resistance level has been tested after a rise of nearly 15%. A peak has been created near $24.47, and the price is currently working to consolidate its gains. Compared to the 23.6% Fib retracement level of the uptrend from the $18.75 swing low to the $24.47 high, SOL is trading at a much more favourable price.
It has fallen below $23.00 and the 100-day moving average in recent trade (4 hours). Moreover, on the 4-hour chart for SOL/USD, major bullish trend line support can be seen at $23.10.
Upwards, $24.50 is a key level of resistance. The $25.00 mark is the first significant barrier. If the price breaks out over the $25 resistance level, it may head for the $27.20 barrier. The next major barrier to overcome is about $28.80. If prices continue to rise, they might soon approach $30.
Negative Revision of SOL?
SOL may initiate a downward decline if it does not close above $24.50 and $25.00. Downward momentum is first bolstered by $23.20 and the trend line.
The 50% Fibonacci retracement level of the uptrend from the swing low at $18.75 to the high at $24.47 provides first strong support. A drop to the $20.50 support level is possible if the price closes below $21.50. Further losses approaching the $20.00 support are possible in the described circumstance.
The MACD for SOL/USD during the past four hours is gaining momentum in the positive region.
According to a timeframe of 4 hours, SOL/relative USD's strength index (RSI) is higher than 50.
$23.20 and $21.50 are two major support levels.
The $24.50, $25.00, and $27.20 levels all pose significant resistance.
The price of $SOL has increased by more than 15% versus the USD, and it appears to be continuing its upward trend.
The current price is below the 100 day moving average and $23.00. (4 hours).
On the 4-hour chart, support at $23.10 is building as part of a crucial bullish trend line for the SOL/USD pair (data source from Kraken).
If the pair can break over the $25 level of resistance, additional gains are possible.
#Solana Price Begins New Upswing
Recently, the price of Solana has found solid ground over the $18.80 mark. As SOL broke out above the $22 zone of resistance, it began a rapid ascent.
Consistent growth occurred over the $23.20 obstacle, which was exceeded at a faster rate than Bitcoin and Ethereum. The $24.50 resistance level has been tested after a rise of nearly 15%. A peak has been created near $24.47, and the price is currently working to consolidate its gains. Compared to the 23.6% Fib retracement level of the uptrend from the $18.75 swing low to the $24.47 high, SOL is trading at a much more favourable price.
It has fallen below $23.00 and the 100-day moving average in recent trade (4 hours). Moreover, on the 4-hour chart for SOL/USD, major bullish trend line support can be seen at $23.10.
Upwards, $24.50 is a key level of resistance. The $25.00 mark is the first significant barrier. If the price breaks out over the $25 resistance level, it may head for the $27.20 barrier. The next major barrier to overcome is about $28.80. If prices continue to rise, they might soon approach $30.
Negative Revision of SOL?
SOL may initiate a downward decline if it does not close above $24.50 and $25.00. Downward momentum is first bolstered by $23.20 and the trend line.
The 50% Fibonacci retracement level of the uptrend from the swing low at $18.75 to the high at $24.47 provides first strong support. A drop to the $20.50 support level is possible if the price closes below $21.50. Further losses approaching the $20.00 support are possible in the described circumstance.
The MACD for SOL/USD during the past four hours is gaining momentum in the positive region.
According to a timeframe of 4 hours, SOL/relative USD's strength index (RSI) is higher than 50.
$23.20 and $21.50 are two major support levels.
The $24.50, $25.00, and $27.20 levels all pose significant resistance.
LIVEkoinmilyoner
a day ago
Prediction for Solana's Price: The Big Picture Is Becoming Bullish, and $30 Is the New Target
The price of solana has been fluctuating at $21.2, with a recent uptrend favouring buyers.
In a three-day time frame, SOL's prognosis becomes increasingly optimistic.
If the price of $25.8 turns into support, it might spark a 43% surge to $37.1.
The bullish thesis will be debunked if the $17.5 support level is broken with a three-day candlestick closing below it.
The price of #Solana (SOL) appears to be reversing the effect of the negative pressure that has held it down for so long. SOL's three-day chart now shows a higher high, in favour of the bulls, thanks to the recent uptick in purchasing pressure.
The price of solana is on the verge of a dramatic swing.
The price of Solana (SOL) is currently $21.2, having broken decisively above the $20 region's 13-day, 25-day, and 30-day Exponential Moving Averages (EMA) with a three-day candlestick close. The previous swing high was set on September 19 at $20.54, thus this new high is also an improvement.
Both the Relative Strength Index (RSI) and the Awesome Oscillator (AO) are rising, indicating that momentum is building in sync with the positive price movement in Solana. In the 3-day chart, the RSI in particular has crossed over the 50-point mark, indicating that bullish momentum is picking up. The AO, on the other hand, is still below the zero-point mark, lagging behind the RSI. Investors should keep a careful eye on this indicator since a spike in volatility in $SOL to the upside might occur if it breaks over the zero line.
Short-term investors in SOL could look at the $25.8 level as an initial objective, since it is just about 22% from the present price. From a longer-term viewpoint, though, the $25.8 barrier is crucial, as turning that resistance level into support on the three-day chart may trigger a 43% surge in The price to $37.1. If implemented, this change would increase value by 76% relative to where it is now.
The price action and momentum indicators suggest a bullish prognosis for Solana, but investors should proceed with caution. If #SOL has an unexpected increase in selling pressure that causes a three-day candlestick close below the $17.5 support level, a lower bottom will be formed, and the bullish thesis will be proven wrong.
If that happens, the price of Solana might fall by as much as 15%, back to the $14.9 support level.
In a three-day time frame, SOL's prognosis becomes increasingly optimistic.
If the price of $25.8 turns into support, it might spark a 43% surge to $37.1.
The bullish thesis will be debunked if the $17.5 support level is broken with a three-day candlestick closing below it.
The price of #Solana (SOL) appears to be reversing the effect of the negative pressure that has held it down for so long. SOL's three-day chart now shows a higher high, in favour of the bulls, thanks to the recent uptick in purchasing pressure.
The price of solana is on the verge of a dramatic swing.
The price of Solana (SOL) is currently $21.2, having broken decisively above the $20 region's 13-day, 25-day, and 30-day Exponential Moving Averages (EMA) with a three-day candlestick close. The previous swing high was set on September 19 at $20.54, thus this new high is also an improvement.
Both the Relative Strength Index (RSI) and the Awesome Oscillator (AO) are rising, indicating that momentum is building in sync with the positive price movement in Solana. In the 3-day chart, the RSI in particular has crossed over the 50-point mark, indicating that bullish momentum is picking up. The AO, on the other hand, is still below the zero-point mark, lagging behind the RSI. Investors should keep a careful eye on this indicator since a spike in volatility in $SOL to the upside might occur if it breaks over the zero line.
Short-term investors in SOL could look at the $25.8 level as an initial objective, since it is just about 22% from the present price. From a longer-term viewpoint, though, the $25.8 barrier is crucial, as turning that resistance level into support on the three-day chart may trigger a 43% surge in The price to $37.1. If implemented, this change would increase value by 76% relative to where it is now.
The price action and momentum indicators suggest a bullish prognosis for Solana, but investors should proceed with caution. If #SOL has an unexpected increase in selling pressure that causes a three-day candlestick close below the $17.5 support level, a lower bottom will be formed, and the bullish thesis will be proven wrong.
If that happens, the price of Solana might fall by as much as 15%, back to the $14.9 support level.
The price of #Bitcoin has surpassed the $28,000 mark on Monday, October 2nd. Over the past 24 hours, the leading cryptocurrency has gained 3.5%, according to CoinGecko.
At the time of writing, the price is attempting to establish itself above this level. Bitcoin closed September #positively, despite the overall negative trend, with a 3.9% increase in its price.
Following the flagship cryptocurrency, assets from the top 10 by market #capitalization have entered the "green zone." #Solana (SOL) has shown the most noticeable growth, with a 14% increase over the last 24 hours.
The total market capitalization of the cryptocurrency market stands at $1.15 trillion, marking a 2.6% increase. The dominance index of BTC is at 47.4%, while #ETH holds an 18% share.
Some members of the crypto community have noted the breakthrough of a psychological level, with one user suggesting that the next step could be a rise to $31,000.
Earlier, Bitfinex specialists identified signs of a resumption of the bullish trend, citing the behavior of long-term Bitcoin holders as an indicator.
However, experts at QCP Capital have maintained a bearish outlook for digital gold in the fourth quarter. They have set a course target of $22,000 for October, with the scenario being canceled if Bitcoin breaks through $32,000.
In August, BitMEX co-founder Arthur Hayes mentioned the $20,000 level as a potential target, suggesting that the leading cryptocurrency could dip lower before experiencing a new bullish impulse. However, a month later, he pointed to positive prospects for digital gold despite the Federal Reserve's policy.
It's worth noting that Rick Edelman, the founder of Edelman Financial Engines, has predicted that the price of Bitcoin will rise to $150,000 by the summer of 2025.$BTC $ETH $BNB
At the time of writing, the price is attempting to establish itself above this level. Bitcoin closed September #positively, despite the overall negative trend, with a 3.9% increase in its price.
Following the flagship cryptocurrency, assets from the top 10 by market #capitalization have entered the "green zone." #Solana (SOL) has shown the most noticeable growth, with a 14% increase over the last 24 hours.
The total market capitalization of the cryptocurrency market stands at $1.15 trillion, marking a 2.6% increase. The dominance index of BTC is at 47.4%, while #ETH holds an 18% share.
Some members of the crypto community have noted the breakthrough of a psychological level, with one user suggesting that the next step could be a rise to $31,000.
Earlier, Bitfinex specialists identified signs of a resumption of the bullish trend, citing the behavior of long-term Bitcoin holders as an indicator.
However, experts at QCP Capital have maintained a bearish outlook for digital gold in the fourth quarter. They have set a course target of $22,000 for October, with the scenario being canceled if Bitcoin breaks through $32,000.
In August, BitMEX co-founder Arthur Hayes mentioned the $20,000 level as a potential target, suggesting that the leading cryptocurrency could dip lower before experiencing a new bullish impulse. However, a month later, he pointed to positive prospects for digital gold despite the Federal Reserve's policy.
It's worth noting that Rick Edelman, the founder of Edelman Financial Engines, has predicted that the price of Bitcoin will rise to $150,000 by the summer of 2025.$BTC $ETH $BNB
LIVEkoinmilyoner
a day ago
Can bulls capitalise on Solana's (SOL) breakout over a crucial resistance level?
After earlier this month's dip to $18.40, the #Solana (SOL) price climbed to over $20.00, peaking at $20.50.
Can bulls use the recent uptick in Solana's price momentum to break out to the upside?
Achieving $20.50 within the next 24 hours would mark a retest of the 10-day high and a significant technical level in terms of support and resistance for the solana price. In the last 24 hours, Solana's price has increased by about 4%, making it the best-performing cryptocurrency among the top 10 by market cap.
After the most recent SEC deferral of judgements on various spot ETF applications, including that of BlackRock, the price of bitcoin fell down below $27,000. Despite whales' best efforts to position themselves for an anticipated rise, Ethereum's price, which had been lifted by the launching of the Valkyrie ETH futures ETF to near $1,700, has bounced lower.
How optimistic are you about the $8.3 billion market cap alternative coin Solana?
What's next for $SOL 's bulls?
The current rise in SOL price can be attributed to #SOL bulls' efforts to maintain a position above the ascending trendline support located near $9.60, which marks the end of the buffer zone for December 2022.
Below is a daily price chart showing how Solana has bounced (not perfectly) upward from the positive trendline. The price movement this week is a reaction to the break above the downtrend line, which is the decrease from the peak of $32.40 in July 2023.
Bluntz, a cryptocurrency trader, raised the possibility of an inverted Head and Shoulders pattern earlier today. The 50-day exponential moving average establishes a nearby supply zone around $20.22, just below the neckline of the forming pattern at $20.30.
A daily Relative Strength Index (RSI) reading above 50 indicates that bulls have momentum and believe prices will continue to rise for the foreseeable future if they are able to hold above these levels.
Alternately, Solana's price may go below the $18.80 demand zone, which would be bearish. If there was more money changing hands on the sell side, SOL may rise to about $17.60. Bulls could find support around $14.50 from here.
Can bulls use the recent uptick in Solana's price momentum to break out to the upside?
Achieving $20.50 within the next 24 hours would mark a retest of the 10-day high and a significant technical level in terms of support and resistance for the solana price. In the last 24 hours, Solana's price has increased by about 4%, making it the best-performing cryptocurrency among the top 10 by market cap.
After the most recent SEC deferral of judgements on various spot ETF applications, including that of BlackRock, the price of bitcoin fell down below $27,000. Despite whales' best efforts to position themselves for an anticipated rise, Ethereum's price, which had been lifted by the launching of the Valkyrie ETH futures ETF to near $1,700, has bounced lower.
How optimistic are you about the $8.3 billion market cap alternative coin Solana?
What's next for $SOL 's bulls?
The current rise in SOL price can be attributed to #SOL bulls' efforts to maintain a position above the ascending trendline support located near $9.60, which marks the end of the buffer zone for December 2022.
Below is a daily price chart showing how Solana has bounced (not perfectly) upward from the positive trendline. The price movement this week is a reaction to the break above the downtrend line, which is the decrease from the peak of $32.40 in July 2023.
Bluntz, a cryptocurrency trader, raised the possibility of an inverted Head and Shoulders pattern earlier today. The 50-day exponential moving average establishes a nearby supply zone around $20.22, just below the neckline of the forming pattern at $20.30.
A daily Relative Strength Index (RSI) reading above 50 indicates that bulls have momentum and believe prices will continue to rise for the foreseeable future if they are able to hold above these levels.
Alternately, Solana's price may go below the $18.80 demand zone, which would be bearish. If there was more money changing hands on the sell side, SOL may rise to about $17.60. Bulls could find support around $14.50 from here.
LIVEYasinCoder
21 hours ago
"🌟 Unleashing the Future: Cryptocurrency Revolution! 🚀
Dive into the world of digital gold! 💰 Cryptocurrency, the beacon of tomorrow's financial landscape, is reshaping how we perceive money. From the mighty Bitcoin to the versatile Ethereum, these coins are leading the charge. Join us as we explore the unstoppable rise of #Bitcoin, the smart contracts of #Ethereum, and the dynamic innovations of #Cardano and #Solana. Buckle up for a journey through the hottest trends in finance! 🔥💸
#CryptocurrencyRevolution #Bitcoin #Ethereum #Solana
Dive into the world of digital gold! 💰 Cryptocurrency, the beacon of tomorrow's financial landscape, is reshaping how we perceive money. From the mighty Bitcoin to the versatile Ethereum, these coins are leading the charge. Join us as we explore the unstoppable rise of #Bitcoin, the smart contracts of #Ethereum, and the dynamic innovations of #Cardano and #Solana. Buckle up for a journey through the hottest trends in finance! 🔥💸
#CryptocurrencyRevolution #Bitcoin #Ethereum #Solana
LIVECryptos Headlines
15 hours ago
Solana (SOL) Breaks Through $20 Mark with a 5.12% Price Surge
CryptosHeadlines.com - The Leading Crypto Research Network
As of the latest update, SOL is trading at $20.16, reflecting a 5.12% increase in the past 24 hours. However, if the price were to drop below the critical support level of $19.68, it could potentially test the next support level at $18.78.
In recent months, there has been a notable increase in the Total Value Locked (TVL) within the Solana ecosystem. This growth has occurred despite a substantial decrease in decentralized exchange (DEX) volumes. The declining activity within Solana’s decentralized finance (DeFi) landscape has raised significant concerns, as DEX metrics are crucial indicators of a DeFi network’s overall health and performance.
Coinbase’s layer-2 network, Base, has experienced a remarkable surge in its Total Value Locked (TVL) since its launch in August. As of the current moment, Base boasts a TVL of $353.64 million, surpassing Solana’s TVL, which stands at $320.04 million.
Powerful Recovery
The price of SOL has displayed impressive resilience, staging a rapid recovery this month. What’s even more remarkable is that this surge happened amidst speculations about a potential large-scale sale of SOL tokens by FTX. The sudden surge in investor interest in SOL bodes well for the token’s future value.
Source: CoinMarketCap
Lately, SOL’s price has maintained a relatively stable trajectory. Furthermore, despite heightened volatility in other financial markets on Friday, the price of Bitcoin remained above the $27,000 threshold.
As of the present moment, SOL is being traded at $20.16, reflecting a 5.12% increase in the past 24 hours, according to data from CMC. Additionally, the trading volume has experienced a rise of 17.21%. Recently, the price successfully breached the $20 psychological threshold; nonetheless, it encountered minor resistance at this juncture.
Should the price successfully surpass the resistance level at $20.40, there’s a likelihood that it will move towards the resistance area at $26.20. Conversely, if the price drops below the support level of $19.68, it is probable that it will test the level at $18.78.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#CryptoMarket #Bitcoin #CryptoNews #Solana #SOL
As of the latest update, SOL is trading at $20.16, reflecting a 5.12% increase in the past 24 hours. However, if the price were to drop below the critical support level of $19.68, it could potentially test the next support level at $18.78.
In recent months, there has been a notable increase in the Total Value Locked (TVL) within the Solana ecosystem. This growth has occurred despite a substantial decrease in decentralized exchange (DEX) volumes. The declining activity within Solana’s decentralized finance (DeFi) landscape has raised significant concerns, as DEX metrics are crucial indicators of a DeFi network’s overall health and performance.
Coinbase’s layer-2 network, Base, has experienced a remarkable surge in its Total Value Locked (TVL) since its launch in August. As of the current moment, Base boasts a TVL of $353.64 million, surpassing Solana’s TVL, which stands at $320.04 million.
Powerful Recovery
The price of SOL has displayed impressive resilience, staging a rapid recovery this month. What’s even more remarkable is that this surge happened amidst speculations about a potential large-scale sale of SOL tokens by FTX. The sudden surge in investor interest in SOL bodes well for the token’s future value.
Source: CoinMarketCap
Lately, SOL’s price has maintained a relatively stable trajectory. Furthermore, despite heightened volatility in other financial markets on Friday, the price of Bitcoin remained above the $27,000 threshold.
As of the present moment, SOL is being traded at $20.16, reflecting a 5.12% increase in the past 24 hours, according to data from CMC. Additionally, the trading volume has experienced a rise of 17.21%. Recently, the price successfully breached the $20 psychological threshold; nonetheless, it encountered minor resistance at this juncture.
Should the price successfully surpass the resistance level at $20.40, there’s a likelihood that it will move towards the resistance area at $26.20. Conversely, if the price drops below the support level of $19.68, it is probable that it will test the level at $18.78.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#CryptoMarket #Bitcoin #CryptoNews #Solana #SOL
LIVESkybaby Secrets
4 hours ago
🚨 🚨 ☑️ 😱 📈 🚨 🚨
#SOL /USDT Price prediction! $SOL 🧐 🚀
If SOL (Solana) break golden cross moment around $33, it could be straightly reach to an impressive $64 in a brief span! Weekly candles trying to reach golden cross MACD (7,25,99) soon.
🧞♂️ Estimated timeframe: JAN ~ APR 2024 🤔
This is only the SOL price chart moving prediction, stay tuned for more to come. 😉
"Long term trades always a good choice in winter period." 🌼
#Solana #cryptonews #crypto #cryptocurrency 🔥😎🔥
#SOL /USDT Price prediction! $SOL 🧐 🚀
If SOL (Solana) break golden cross moment around $33, it could be straightly reach to an impressive $64 in a brief span! Weekly candles trying to reach golden cross MACD (7,25,99) soon.
🧞♂️ Estimated timeframe: JAN ~ APR 2024 🤔
This is only the SOL price chart moving prediction, stay tuned for more to come. 😉
"Long term trades always a good choice in winter period." 🌼
#Solana #cryptonews #crypto #cryptocurrency 🔥😎🔥
#Solana (SOL) launches new feature to improve scalability📈.
Yes, Solana (SOL) recently launched a new feature called Turbo Boost to improve scalability and productivity.
Turbo Boost is a new transaction processing unit (TPU) design that can process transactions up to 10x faster than the previous TPU design. This will allow Solana to process more transactions per second (TPS) and reduce latency and will help to gain the maximum market.
Turbo Boost is still under trial mode, but mainnet is expected to be released in the coming months. Once it is released, it is going to surely boost Solana's scalability and will allow it to handle more transactions.
Now Solana Development team is working on many features and Turbo Boost is one of a number of features. Other features include Sealevel, a new parallelization protocol, and Pipelining, a new transaction processing technique.
Solana is one of the fastest growing and most scalable blockchain platforms in the whole world. It is currently able to process up to 65,000 TPS under normal conditions and up to 500,000 TPS during times of high demand. This is going to be a really big hit in the whole Crypto market.
This will make it an attractive platform to use for a wide range of applications, including payments transfer, micropayments, and decentralized applications (DApps).and much more.
#BTC #cryptonews #cryptocurrency #crypto2023
Keep updated with the Crypto related hot news, kindly follow me.
Thank you
Yes, Solana (SOL) recently launched a new feature called Turbo Boost to improve scalability and productivity.
Turbo Boost is a new transaction processing unit (TPU) design that can process transactions up to 10x faster than the previous TPU design. This will allow Solana to process more transactions per second (TPS) and reduce latency and will help to gain the maximum market.
Turbo Boost is still under trial mode, but mainnet is expected to be released in the coming months. Once it is released, it is going to surely boost Solana's scalability and will allow it to handle more transactions.
Now Solana Development team is working on many features and Turbo Boost is one of a number of features. Other features include Sealevel, a new parallelization protocol, and Pipelining, a new transaction processing technique.
Solana is one of the fastest growing and most scalable blockchain platforms in the whole world. It is currently able to process up to 65,000 TPS under normal conditions and up to 500,000 TPS during times of high demand. This is going to be a really big hit in the whole Crypto market.
This will make it an attractive platform to use for a wide range of applications, including payments transfer, micropayments, and decentralized applications (DApps).and much more.
#BTC #cryptonews #cryptocurrency #crypto2023
Keep updated with the Crypto related hot news, kindly follow me.
Thank you
LIVECrypto Talk
Sept 29th
60% of my portofolio is located to the following 3 projects:
1. #Chainlink 20% of my portofolio.
What Is Chainlink ($LINK )?
Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.
The Chainlink Network is driven by a large open-source community of data providers, node operators, smart contract developers, researchers, security auditors and more.
2. #Solana 20% of my portofolio
What Is Solana ($SOL )?
Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.
To learn more about this project, check out our deep dive of Solana.
The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.
3. #VeChain 20% of my portofolio
What Is VeChain ($VET )?
VeChain (VET) is a versatile enterprise-grade L1 smart contract platform.
VeChain began in 2015 as a private consoritium chain, working with a host of enterprises to explore applications of blockchain. VeChain would begin their transition to public blockchain in 2017 with the ERC-20 token VEN, before launching a mainnet of their own in 2018 using the ticker VET.
VeChain aims to use distributed governance and Internet of Things (IoT) technologies to create an ecosystem which solves major data hurdles for multiple global industries from medical to energy, food & beverage to sustainability and SDG goals.
👇Comment your top 3 #crypto projects please👇
1. #Chainlink 20% of my portofolio.
What Is Chainlink ($LINK )?
Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.
The Chainlink Network is driven by a large open-source community of data providers, node operators, smart contract developers, researchers, security auditors and more.
2. #Solana 20% of my portofolio
What Is Solana ($SOL )?
Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.
To learn more about this project, check out our deep dive of Solana.
The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.
3. #VeChain 20% of my portofolio
What Is VeChain ($VET )?
VeChain (VET) is a versatile enterprise-grade L1 smart contract platform.
VeChain began in 2015 as a private consoritium chain, working with a host of enterprises to explore applications of blockchain. VeChain would begin their transition to public blockchain in 2017 with the ERC-20 token VEN, before launching a mainnet of their own in 2018 using the ticker VET.
VeChain aims to use distributed governance and Internet of Things (IoT) technologies to create an ecosystem which solves major data hurdles for multiple global industries from medical to energy, food & beverage to sustainability and SDG goals.
👇Comment your top 3 #crypto projects please👇
"2023 Crypto Outlook: Betting on the Next Bull Run Stars!" 🚀🌟
👑 Bitcoin: Still the undisputed king of crypto, standing strong!
🚀 ApeMax: The meme coin with a twist! Boost-to-Earn protocol turning heads! 🦍💰
🔥 Ethereum: The OG powerhouse of decentralized greatness!
🐶 Dogecoin: From meme to mainstream – crypto's wild ride! 🚀
🌅 Solana: The dark horse rising fast for scalability and efficiency! 🐎💨
🐕 Shiba Inu: Dogecoin's challenger with Shibarium Layer 2 scaling solutions! 🌐
2023's crypto landscape is heating up! Who's your bet on for the next bull run? 📈💥 #CryptoPredictions #BullRun2023 #ApeMax #Bitcoin #Ethereum #Dogecoin #Solana #ShibaInu
👑 Bitcoin: Still the undisputed king of crypto, standing strong!
🚀 ApeMax: The meme coin with a twist! Boost-to-Earn protocol turning heads! 🦍💰
🔥 Ethereum: The OG powerhouse of decentralized greatness!
🐶 Dogecoin: From meme to mainstream – crypto's wild ride! 🚀
🌅 Solana: The dark horse rising fast for scalability and efficiency! 🐎💨
🐕 Shiba Inu: Dogecoin's challenger with Shibarium Layer 2 scaling solutions! 🌐
2023's crypto landscape is heating up! Who's your bet on for the next bull run? 📈💥 #CryptoPredictions #BullRun2023 #ApeMax #Bitcoin #Ethereum #Dogecoin #Solana #ShibaInu
LIVESuhair - Eliter
Sept 30th
Polygon Labs Taps Google Cloud to Enhance Network Security
Polygon Labs recently announced the integration of Google Cloud into its decentralized proof-of-stake (PoS) authentication network. Google Cloud is now among over 100 security authenticators supporting Polygon PoS, originally known as Matic Network, an Ethereum sidechain.
According to Polygon, YouTube and Gmail infrastructure now partially support Polygon PoS, enhancing the network's security. The collaboration aims to provide a high-quality and secure authentication mechanism, augmenting security for the network.
While Google Cloud's contribution to the MATIC staking pool is identifiable, it is among the validators with the lowest staked MATIC. Despite this collaboration, MATIC token's value saw a 1.2% increase in a 24-hour period, while the overall cryptocurrency market increased by 0.6%.
Polygon and Google Cloud have established a close partnership since April, focusing on various objectives. Google Cloud contributes cloud services to Polygon's zkEVM scaling solution, offers managed Polygon node storage services, and supports Polygon's specialized dapp chains.
Additionally, Google Cloud enhances support for Polygon's network data in its BigQuery dataset, which was introduced on September 21, covering a total of 11 different blockchain datasets.
The collaboration between Polygon and Google Cloud is extensive and far-reaching. Google Cloud has similarly partnered with other blockchain networks like Solana, Avalanche, Ronin Network, Tezos, and Celo, extending its support for secure and decentralized authentication mechanisms.
#Matic #celo #Solana #AVAX #polygon
Polygon Labs recently announced the integration of Google Cloud into its decentralized proof-of-stake (PoS) authentication network. Google Cloud is now among over 100 security authenticators supporting Polygon PoS, originally known as Matic Network, an Ethereum sidechain.
According to Polygon, YouTube and Gmail infrastructure now partially support Polygon PoS, enhancing the network's security. The collaboration aims to provide a high-quality and secure authentication mechanism, augmenting security for the network.
While Google Cloud's contribution to the MATIC staking pool is identifiable, it is among the validators with the lowest staked MATIC. Despite this collaboration, MATIC token's value saw a 1.2% increase in a 24-hour period, while the overall cryptocurrency market increased by 0.6%.
Polygon and Google Cloud have established a close partnership since April, focusing on various objectives. Google Cloud contributes cloud services to Polygon's zkEVM scaling solution, offers managed Polygon node storage services, and supports Polygon's specialized dapp chains.
Additionally, Google Cloud enhances support for Polygon's network data in its BigQuery dataset, which was introduced on September 21, covering a total of 11 different blockchain datasets.
The collaboration between Polygon and Google Cloud is extensive and far-reaching. Google Cloud has similarly partnered with other blockchain networks like Solana, Avalanche, Ronin Network, Tezos, and Celo, extending its support for secure and decentralized authentication mechanisms.
#Matic #celo #Solana #AVAX #polygon
😱😱😱😱😱😱😱Top 5 Crypto could give huge return🤑🤑 in 2024 Bull run🏃♂️
The following are five of the top crypto coins for the 2024 bull run, based on a variety of factors, including market capitalization, technical analysis, and community sentiment:
1. #bitcoin (BTC): Bitcoin is the original cryptocurrency and remains the largest and most well-known crypto asset. It is also one of the most stable and reliable cryptocurrencies, and it is widely accepted by merchants and exchanges around the world.Ethereum (ETH):
2. #Ethereum is the second-largest cryptocurrency by market capitalization. It is a platform for decentralized applications (DApps) and smart contracts, and it is used by millions of people around the world. Ethereum is also undergoing a major upgrade, known as Ethereum 2.0, which is expected to make it faster, more scalable, and more secure.
3. #Binance Coin (BNB): Binance Coin is the native token of the Binance cryptocurrency exchange. It is one of the most popular cryptocurrencies in the world, and it is used by millions of people to trade and invest in cryptocurrencies. BNB is also used to pay for transaction fees on the Binance exchange and to access other Binance-related products and services.
4. #Solana (SOL): Solana is a high-performance blockchain platform that is known for its fast and low-cost transactions. It is used by a variety of DApps and projects, and it is quickly becoming one of the most popular blockchain platforms in the world.Cardano (ADA):
5. #Cardano is a blockchain platform that is focused on scalability and security. It is one of the most well-respected blockchain projects in the industry, and it is used by a variety of DApps and projects. Cardano is also undergoing a major upgrade, known as Vasil, which is expected to make it even more scalable and secure.
These are just five of the many crypto coins that have the potential to do well in the 2024 bull run. It is important to do your own research before investing in any cryptocurrency, and to only invest what you can afford to lose.
The following are five of the top crypto coins for the 2024 bull run, based on a variety of factors, including market capitalization, technical analysis, and community sentiment:
1. #bitcoin (BTC): Bitcoin is the original cryptocurrency and remains the largest and most well-known crypto asset. It is also one of the most stable and reliable cryptocurrencies, and it is widely accepted by merchants and exchanges around the world.Ethereum (ETH):
2. #Ethereum is the second-largest cryptocurrency by market capitalization. It is a platform for decentralized applications (DApps) and smart contracts, and it is used by millions of people around the world. Ethereum is also undergoing a major upgrade, known as Ethereum 2.0, which is expected to make it faster, more scalable, and more secure.
3. #Binance Coin (BNB): Binance Coin is the native token of the Binance cryptocurrency exchange. It is one of the most popular cryptocurrencies in the world, and it is used by millions of people to trade and invest in cryptocurrencies. BNB is also used to pay for transaction fees on the Binance exchange and to access other Binance-related products and services.
4. #Solana (SOL): Solana is a high-performance blockchain platform that is known for its fast and low-cost transactions. It is used by a variety of DApps and projects, and it is quickly becoming one of the most popular blockchain platforms in the world.Cardano (ADA):
5. #Cardano is a blockchain platform that is focused on scalability and security. It is one of the most well-respected blockchain projects in the industry, and it is used by a variety of DApps and projects. Cardano is also undergoing a major upgrade, known as Vasil, which is expected to make it even more scalable and secure.
These are just five of the many crypto coins that have the potential to do well in the 2024 bull run. It is important to do your own research before investing in any cryptocurrency, and to only invest what you can afford to lose.
LIVECoinstages
Sept 27th
Solana Competitor Aptos (APT) Shows Remarkable Resilience with 8% Rally
Aptos (APT), acclaimed as a potential “Solana killer,” shines bright with an 8% surge as the broader market retreats.A notable incident concerning South Korea’s leading crypto exchange Upbit, entwined with APT, captures the crypto community’s attention over the weekend.
In a time when the cryptosphere is undergoing a rough patch with a majority of digital assets incurring daily losses, Aptos‘ APT, often referred to as the “Solana killer,” emerges as a beacon of resilience. With an impressive 8% upswing in the last 24 hours, it defies the market’s melancholy and exhibits an encouraging trajectory for its holders and enthusiasts.
Amid the Falling Titans, Aptos Stands Tall
The narrative of the cryptocurrency market over the weekend has been anything but uplifting. Bitcoin, the flagship cryptocurrency, trailed through a muted weekend, nudging closer to $26,000 post a 2.05% retraction within the prior 24 hours. Amidst this dispiriting panorama, Aptos’ APT presents a contrasting narrative. Advancing from $5.29 to $5.83 in the day’s trade, it continues the upward march initiated on September 22 when it garnered support around the $5.04 mark.
At the moment, although APT has slightly retraced to $5.65, the digital asset is still floating with a 6.87% positive change over the last 24 hours, and a cumulative 5.61% appreciation over the previous week. Moreover, the trading fervor surrounding APT is palpable, with a remarkable 226% spike in 24-hour trading volume as per CoinMarketCap data. This surge translates to over $419 million, or 74,071,687 APT, changing hands within this timeframe, showcasing heightened trader activity aimed at capitalizing on the market volatility.
Though the precise catalyst propelling this rise remains shrouded, a keen observation unveils an intriguing incident over the weekend. South Korea’s premier cryptocurrency exchange, Upbit, on September 24, temporarily halted APT deposits and withdrawals following an abnormal deposit attempt. Despite the resumption of these services, the event spotlighted the potential volatility in APT’s price once the operations were reinstated.
This occurrence holds significance against the backdrop of South Korea’s historic prowess in driving formidable token rallies, underscored by the infamous Kimchi Premium phenomenon. This premium often elevates Bitcoin prices on local exchanges up to 30% higher compared to global platforms, underscoring the influence of Korean traders in the cryptic realm. Hence, this interplay between Aptos and the Korean crypto milieu forms an intriguing facet of APT’s recent market performance, offering a glimpse into the complex interconnections that drive the market dynamics in the ever-evolving cryptocurrency domain.
*Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Solana #Aptos $SOL $APT
In a time when the cryptosphere is undergoing a rough patch with a majority of digital assets incurring daily losses, Aptos‘ APT, often referred to as the “Solana killer,” emerges as a beacon of resilience. With an impressive 8% upswing in the last 24 hours, it defies the market’s melancholy and exhibits an encouraging trajectory for its holders and enthusiasts.
Amid the Falling Titans, Aptos Stands Tall
The narrative of the cryptocurrency market over the weekend has been anything but uplifting. Bitcoin, the flagship cryptocurrency, trailed through a muted weekend, nudging closer to $26,000 post a 2.05% retraction within the prior 24 hours. Amidst this dispiriting panorama, Aptos’ APT presents a contrasting narrative. Advancing from $5.29 to $5.83 in the day’s trade, it continues the upward march initiated on September 22 when it garnered support around the $5.04 mark.
At the moment, although APT has slightly retraced to $5.65, the digital asset is still floating with a 6.87% positive change over the last 24 hours, and a cumulative 5.61% appreciation over the previous week. Moreover, the trading fervor surrounding APT is palpable, with a remarkable 226% spike in 24-hour trading volume as per CoinMarketCap data. This surge translates to over $419 million, or 74,071,687 APT, changing hands within this timeframe, showcasing heightened trader activity aimed at capitalizing on the market volatility.
Though the precise catalyst propelling this rise remains shrouded, a keen observation unveils an intriguing incident over the weekend. South Korea’s premier cryptocurrency exchange, Upbit, on September 24, temporarily halted APT deposits and withdrawals following an abnormal deposit attempt. Despite the resumption of these services, the event spotlighted the potential volatility in APT’s price once the operations were reinstated.
This occurrence holds significance against the backdrop of South Korea’s historic prowess in driving formidable token rallies, underscored by the infamous Kimchi Premium phenomenon. This premium often elevates Bitcoin prices on local exchanges up to 30% higher compared to global platforms, underscoring the influence of Korean traders in the cryptic realm. Hence, this interplay between Aptos and the Korean crypto milieu forms an intriguing facet of APT’s recent market performance, offering a glimpse into the complex interconnections that drive the market dynamics in the ever-evolving cryptocurrency domain.
*Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Solana #Aptos $SOL $APT
LIVECrypto-D-Ooshen
Sept 27th
🌐 UXD Community Proposes Reorganizing Insurance Fund Portfolio on Solana (SOL)!
The UXD community, an algorithmic stablecoin protocol built on the Solana (SOL) blockchain, has put forth a governance proposal aimed at restructuring the insurance fund's portfolio. The proposal suggests reallocating the fund's assets into USDC (USD Coin) and tokenized U.S. Treasury bonds, which are considered low-risk assets.
The rationale behind this move is to enhance the stability of the insurance fund. The existing portfolio includes high-risk assets like mSOL, jitoSOL, and SOL/UXD LP tokens, which offer the potential for higher returns but are also subject to price volatility. By focusing on low-risk assets such as stablecoins, the community aims to improve the overall stability of the fund.
Asset allocation and risk management are crucial aspects of managing cryptocurrency protocols, especially those designed to maintain stability and value.
#UXDCommunity #Solana #Stablecoin #Cryptocurrency #RiskManagement 🪙📊🌐
The UXD community, an algorithmic stablecoin protocol built on the Solana (SOL) blockchain, has put forth a governance proposal aimed at restructuring the insurance fund's portfolio. The proposal suggests reallocating the fund's assets into USDC (USD Coin) and tokenized U.S. Treasury bonds, which are considered low-risk assets.
The rationale behind this move is to enhance the stability of the insurance fund. The existing portfolio includes high-risk assets like mSOL, jitoSOL, and SOL/UXD LP tokens, which offer the potential for higher returns but are also subject to price volatility. By focusing on low-risk assets such as stablecoins, the community aims to improve the overall stability of the fund.
Asset allocation and risk management are crucial aspects of managing cryptocurrency protocols, especially those designed to maintain stability and value.
#UXDCommunity #Solana #Stablecoin #Cryptocurrency #RiskManagement 🪙📊🌐
LIVECryptos Headlines
Sept 25th
Base Surpasses Solana’s TVL by $400 Million
CryptosHeadlines.com - The Leading Crypto Research Network
Base’s Total Value Locked (TVL) has reached $397.32 million, surpassing Solana’s TVL of $358.96 million. This signals a significant change in the DeFi sector. While Solana has performed well, with only a 9.64% drop in the past month, Base’s recent TVL surge has taken the spotlight.
In the world of decentralized finance (DeFi), a competitive showdown is happening as Base surpasses Solana in Total Value Locked (TVL), getting close to the impressive $400 million milestone. Data from DeFiLlama clearly illustrates the different paths these two platforms have taken in recent times.
A Showcase of Financial Strength
Base’s TVL reaching $397.32 million is a sign that DeFi enthusiasts are increasingly confident in the platform. This surge reflects a potential change in investor preferences, indicating support for Base’s technology and value proposition in the decentralized finance space.
Solana has seen a 9.64% decline in its TVL over the past month, settling at $358.96 million, highlighting the competitive nature of the DeFi space. This rivalry reflects the ever-changing landscape of decentralized finance, where investor preferences and confidence are reflected in TVL metrics.The race to reach a $400 million TVL isn’t just about financial milestones; it’s a glimpse into the evolving dynamics of the DeFi sector. Base and Solana’s performances signify more than financial figures; they indicate market sentiment and shifting paradigms in this revolutionary financial domain.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#CryptoMarket #Bitcoin #CryptoNews #Base #Solana
Base’s Total Value Locked (TVL) has reached $397.32 million, surpassing Solana’s TVL of $358.96 million. This signals a significant change in the DeFi sector. While Solana has performed well, with only a 9.64% drop in the past month, Base’s recent TVL surge has taken the spotlight.
In the world of decentralized finance (DeFi), a competitive showdown is happening as Base surpasses Solana in Total Value Locked (TVL), getting close to the impressive $400 million milestone. Data from DeFiLlama clearly illustrates the different paths these two platforms have taken in recent times.
A Showcase of Financial Strength
Base’s TVL reaching $397.32 million is a sign that DeFi enthusiasts are increasingly confident in the platform. This surge reflects a potential change in investor preferences, indicating support for Base’s technology and value proposition in the decentralized finance space.
Solana has seen a 9.64% decline in its TVL over the past month, settling at $358.96 million, highlighting the competitive nature of the DeFi space. This rivalry reflects the ever-changing landscape of decentralized finance, where investor preferences and confidence are reflected in TVL metrics.The race to reach a $400 million TVL isn’t just about financial milestones; it’s a glimpse into the evolving dynamics of the DeFi sector. Base and Solana’s performances signify more than financial figures; they indicate market sentiment and shifting paradigms in this revolutionary financial domain.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#CryptoMarket #Bitcoin #CryptoNews #Base #Solana
LIVECoinstages
Sept 23th
Visa’s Endorsement Fuels Solana’s (SOL) Ascent – $1,000 Price Target in Sight
The Resilience Amid Market Flux:
The cryptocurrency market, akin to a vigorously evolving entity, often presents a gamut of volatilities that keep investors and analysts on their toes. A noteworthy member of this digital financial realm, Solana (SOL), currently embarks on a steady accumulation phase around the $20 mark, showcasing a form of resilience amid market flux. The pertinence of this resilience can be associated with Solana’s fundamental strengths, notably its recent integration into Visa’s blockchain transactions pilot.
Key Market Indicators:
As an analyst inspecting Solana’s chart from a high-level vantage point, certain indicators spell a narrative of potential market movement. The relative strength index (RSI), a momentum oscillator, edges around the 50 mark, creating a premise for continued momentum before reaching an overbought scenario. This marker, in tandem with the 30-day moving average flattening out, constructs a scenario ripe for potential buyer engagement.
Furthermore, the buoyancy of SOL’s support level even amidst minor price dips reflects a form of market confidence. The coin’s support level has witnessed an upward trajectory, negating the likelihood of plummeting below recent lows.
Fundamental Backbone:
Apart from chart indicators, the broader picture for Solana remains significantly optimistic, thanks to growing adoption and notable collaborations. Visa’s expanded stablecoin settlement pilot, now embracing Solana, exemplifies a monumental vote of confidence in Solana’s blockchain infrastructure. Such alliances not only underscore Solana’s existing potential but also project a promising trajectory for its blockchain technology.
The architecture of Solana has garnered attention and adoption, making it the fifth-largest layer-one blockchain concerning total value locked (TVL). Although 2022 posed a series of challenges due to damaging outages, Solana’s narrative of unbroken uptime in subsequent months signals robust protocol updates, cushioning against potential scaling hurdles.
Price Speculation:
In the lens of price speculation, a holistic view suggests an optimistic outlook, with SOL expected to retread the $20 mark shortly. The well-informed blockchain enthusiasts and investors anticipate SOL to touch the $25 mark in the coming weeks, and possibly reach $35 by year-end. This optimism stems from Solana’s fundamental strengths, growing adoption, and a steadily accumulating market position, creating a concoction potentially leading to a fruitful rally.
Thus, the interplay of technical and fundamental factors sketches a scenario where Solana could soon find itself basking in a renewed market momentum.
*Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Solana #crypto2023 #cryptonews $SOL
The cryptocurrency market, akin to a vigorously evolving entity, often presents a gamut of volatilities that keep investors and analysts on their toes. A noteworthy member of this digital financial realm, Solana (SOL), currently embarks on a steady accumulation phase around the $20 mark, showcasing a form of resilience amid market flux. The pertinence of this resilience can be associated with Solana’s fundamental strengths, notably its recent integration into Visa’s blockchain transactions pilot.
Key Market Indicators:
As an analyst inspecting Solana’s chart from a high-level vantage point, certain indicators spell a narrative of potential market movement. The relative strength index (RSI), a momentum oscillator, edges around the 50 mark, creating a premise for continued momentum before reaching an overbought scenario. This marker, in tandem with the 30-day moving average flattening out, constructs a scenario ripe for potential buyer engagement.
Furthermore, the buoyancy of SOL’s support level even amidst minor price dips reflects a form of market confidence. The coin’s support level has witnessed an upward trajectory, negating the likelihood of plummeting below recent lows.
Fundamental Backbone:
Apart from chart indicators, the broader picture for Solana remains significantly optimistic, thanks to growing adoption and notable collaborations. Visa’s expanded stablecoin settlement pilot, now embracing Solana, exemplifies a monumental vote of confidence in Solana’s blockchain infrastructure. Such alliances not only underscore Solana’s existing potential but also project a promising trajectory for its blockchain technology.
The architecture of Solana has garnered attention and adoption, making it the fifth-largest layer-one blockchain concerning total value locked (TVL). Although 2022 posed a series of challenges due to damaging outages, Solana’s narrative of unbroken uptime in subsequent months signals robust protocol updates, cushioning against potential scaling hurdles.
Price Speculation:
In the lens of price speculation, a holistic view suggests an optimistic outlook, with SOL expected to retread the $20 mark shortly. The well-informed blockchain enthusiasts and investors anticipate SOL to touch the $25 mark in the coming weeks, and possibly reach $35 by year-end. This optimism stems from Solana’s fundamental strengths, growing adoption, and a steadily accumulating market position, creating a concoction potentially leading to a fruitful rally.
Thus, the interplay of technical and fundamental factors sketches a scenario where Solana could soon find itself basking in a renewed market momentum.
*Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Solana #crypto2023 #cryptonews $SOL
LIVEkoinmilyoner
Sept 23th
Solana Price Prediction: If RSI can retake this level, SOL will increase by 14%
For almost three weeks, the #Solana price has been unable to surpass the $20.25 barrier level.
The AO indicator is developing bullishly, but for $SOL 's rally to get going, the RSI must rise over 50.
Investors might anticipate that the altcoin will cause a 14% increase to the $22.17 barrier.
A breach of the support level of $18.15 will signal a negative view and may spark an 11% decline to $15.63.
The numerous recoveries that Solana pricing has tried have all failed as more sellers join the market. SOL is currently in a position to initiate one of these bounces, but this action is dependent on the RSI indicator.
Price of solana at a favourable level
On August 31, Solana price fell below the $20.25 mark, and ever since, it has been trying to climb back above it. Nonetheless, SOL is currently trading at $19.45 following two rejections. The Amazing Oscillator (AO), in an odd turn of events, has risen back above the mean level, pointing to the revival of bullish momentum. Yet, the Relative Strength Index (RSI) is still hovering around the 50 mark.
Although the price of Solana is expected to rise, the rebound depends on the RSI rising back above 50. This would be a sign that the buyers had returned. Secondary confirmation would be a daily candlestick close above $20.25 that is definitive. In this situation, SOL might try a speedy testing of the $22.17.
Overall, this movement would result in a 14% increase in the price of solana.
Investors should use caution while choosing a position on the Solana price outlook. At $20.25, another rejection is not improbable. In this scenario, SOL must maintain above the $18.51 barrier.
The onset of a bearish scenario would be confirmed by a breakdown of this level. In this scenario, the price of Solana might fall 11% and hit the $15.63 support level.
The AO indicator is developing bullishly, but for $SOL 's rally to get going, the RSI must rise over 50.
Investors might anticipate that the altcoin will cause a 14% increase to the $22.17 barrier.
A breach of the support level of $18.15 will signal a negative view and may spark an 11% decline to $15.63.
The numerous recoveries that Solana pricing has tried have all failed as more sellers join the market. SOL is currently in a position to initiate one of these bounces, but this action is dependent on the RSI indicator.
Price of solana at a favourable level
On August 31, Solana price fell below the $20.25 mark, and ever since, it has been trying to climb back above it. Nonetheless, SOL is currently trading at $19.45 following two rejections. The Amazing Oscillator (AO), in an odd turn of events, has risen back above the mean level, pointing to the revival of bullish momentum. Yet, the Relative Strength Index (RSI) is still hovering around the 50 mark.
Although the price of Solana is expected to rise, the rebound depends on the RSI rising back above 50. This would be a sign that the buyers had returned. Secondary confirmation would be a daily candlestick close above $20.25 that is definitive. In this situation, SOL might try a speedy testing of the $22.17.
Overall, this movement would result in a 14% increase in the price of solana.
Investors should use caution while choosing a position on the Solana price outlook. At $20.25, another rejection is not improbable. In this scenario, SOL must maintain above the $18.51 barrier.
The onset of a bearish scenario would be confirmed by a breakdown of this level. In this scenario, the price of Solana might fall 11% and hit the $15.63 support level.
LIVECryptos Headlines
Sept 23th
Solana Technical Analysis: High Volatility and SOL’s Potential Return
CryptosHeadlines.com - The Leading Crypto Research Network
Solana, represented by SOL, has made a strong comeback in terms of price, but it’s been facing a general downward trend. The recent movement saw the price go from $17.3 to $20.54, giving those in favor an 18% profit. However, going beyond the $20 mark might prove to be a bit challenging.
Ad. Get UPTO $50 USDT Reward From CryptosHeadlines. Visit Official Tweet
Looking at the daily chart, Solana’s price movement has been forming a descending channel since July. On September 11, there was a recovery that started from the lowest point of the channel at $17, and it went up a bit, pausing around the higher range.As of now, there’s a pullback happening within a 12-hour bullish order block (OB) that spans from $18.3 to $19.5 (shown in white). This pullback might find support around the middle of this OB, and it could lead to a price reversal. However, this also depends on how Bitcoin (BTC) performs in the medium term. So, for potential buyers, it’s essential to keep an eye on key levels like $16, $17.75, and the middle range at $18 as they could play a significant role.
The $20 mark is a tough one for Solana because it’s a convergence point for various resistance levels. As of now, Solana hasn’t managed to go past $20.60, and on the daily chart, the market structure has turned bearish. There’s a bearish indicator called an OB (Order Block) above the high point from December, and this could make it challenging to break past $20 unless Bitcoin (BTC) also makes a recovery.
Looking at indicators like the OBV (On-Balance Volume), it seems that the demand in the spot market has influenced the recent recovery. However, when we check the CMF (Chaikin Money Flow) and RSI (Relative Strength Index), they appear to have hit certain important levels and stalled. This suggests a decrease in buying pressure and the flow of funds into Solana.
What Lies Ahead for Solana?
The market seems to be under the control of sellers for a while now, as shown by the Cumulative Volume Delta (CVD), which reflects the overall trading volume. Moreover, the Open Interest rate has also gone down, suggesting a slight dip in demand.Adding to this, the negative Accumulation Swing Index (ASI) tells us that Solana’s price trend is on a downward path for the long term. ASI basically measures the power behind price changes, and when it’s negative like this, it means sellers are getting stronger, especially on charts that cover longer timeframes.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#cryptomarket #Bitcoin #CryptoNews #Solana #SOL
Solana, represented by SOL, has made a strong comeback in terms of price, but it’s been facing a general downward trend. The recent movement saw the price go from $17.3 to $20.54, giving those in favor an 18% profit. However, going beyond the $20 mark might prove to be a bit challenging.
Ad. Get UPTO $50 USDT Reward From CryptosHeadlines. Visit Official Tweet
Looking at the daily chart, Solana’s price movement has been forming a descending channel since July. On September 11, there was a recovery that started from the lowest point of the channel at $17, and it went up a bit, pausing around the higher range.As of now, there’s a pullback happening within a 12-hour bullish order block (OB) that spans from $18.3 to $19.5 (shown in white). This pullback might find support around the middle of this OB, and it could lead to a price reversal. However, this also depends on how Bitcoin (BTC) performs in the medium term. So, for potential buyers, it’s essential to keep an eye on key levels like $16, $17.75, and the middle range at $18 as they could play a significant role.
The $20 mark is a tough one for Solana because it’s a convergence point for various resistance levels. As of now, Solana hasn’t managed to go past $20.60, and on the daily chart, the market structure has turned bearish. There’s a bearish indicator called an OB (Order Block) above the high point from December, and this could make it challenging to break past $20 unless Bitcoin (BTC) also makes a recovery.
Looking at indicators like the OBV (On-Balance Volume), it seems that the demand in the spot market has influenced the recent recovery. However, when we check the CMF (Chaikin Money Flow) and RSI (Relative Strength Index), they appear to have hit certain important levels and stalled. This suggests a decrease in buying pressure and the flow of funds into Solana.
What Lies Ahead for Solana?
The market seems to be under the control of sellers for a while now, as shown by the Cumulative Volume Delta (CVD), which reflects the overall trading volume. Moreover, the Open Interest rate has also gone down, suggesting a slight dip in demand.Adding to this, the negative Accumulation Swing Index (ASI) tells us that Solana’s price trend is on a downward path for the long term. ASI basically measures the power behind price changes, and when it’s negative like this, it means sellers are getting stronger, especially on charts that cover longer timeframes.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#cryptomarket #Bitcoin #CryptoNews #Solana #SOL
LIVECryptos Headlines
Sept 23th
Base Overtakes Solana as TVL Approaches $400M
CryptosHeadlines.com - The Leading Crypto Research Network
According to DeFi Llama data, Solana’s total value locked (TVL) dropped by 9.64% in the last month to $358.96 million, while Base’s TVL rose sharply to $397.32 million.
Ad. Get UPTO $50 USDT Reward From CryptosHeadlines. Visit Official Tweet
Coinbase’s layer 2 network, Base, has seen its total value locked (TVL) grow to $397.32 million in just about a month and a half since its August launch. This now puts Base ahead of the Solana network, which has $358.96 million in TVL currently.In the last 30 days, Base has experienced a remarkable 97.21% increase in its TVL, as per DeFi Llama data. In contrast, Solana’s TVL has dropped by 9.64% during the same period.
Top 10 chains in terms of TVL. Source: DeFi Llama
Two projects native to Base have the largest portions of the network’s total value locked (TVL).
Aerodrome TVL since launch. Source: DeFi Llama
Friend.tech, which launched on August 11, allows users to tokenize their social networks by buying and selling “Keys.” In late August, it faced criticism for declining user activity and high fees, but it made a remarkable comeback in September.
According to DeFi Llama, Friend.tech’s total value locked (TVL) increased by a staggering 540% in the past month. Most of this growth occurred after a surge that began on September 9, coinciding with a significant increase in daily trading volume.
Further down the list, Base’s TVL is primarily attributed to multi-network DeFi platforms like Compound, Curve, and Uniswap.
Friend.tech TVL since launch. Source: DeFi Llama
Base achieved a new record in daily transactions, reaching 1.88 million on September 14, as reported by BaseScan. This number significantly surpassed competing chains like Optimism and Arbitrum, which together had nearly 880,000 transactions on the same day.
Base daily transactions. Source: Base ScanThe all-time high for Base’s daily transactions still stands, but it has since dropped to around 908,000 as of September 22.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #Base #BaseChain #Solana
According to DeFi Llama data, Solana’s total value locked (TVL) dropped by 9.64% in the last month to $358.96 million, while Base’s TVL rose sharply to $397.32 million.
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Coinbase’s layer 2 network, Base, has seen its total value locked (TVL) grow to $397.32 million in just about a month and a half since its August launch. This now puts Base ahead of the Solana network, which has $358.96 million in TVL currently.In the last 30 days, Base has experienced a remarkable 97.21% increase in its TVL, as per DeFi Llama data. In contrast, Solana’s TVL has dropped by 9.64% during the same period.
Top 10 chains in terms of TVL. Source: DeFi Llama
Two projects native to Base have the largest portions of the network’s total value locked (TVL).
Aerodrome TVL since launch. Source: DeFi Llama
Friend.tech, which launched on August 11, allows users to tokenize their social networks by buying and selling “Keys.” In late August, it faced criticism for declining user activity and high fees, but it made a remarkable comeback in September.
According to DeFi Llama, Friend.tech’s total value locked (TVL) increased by a staggering 540% in the past month. Most of this growth occurred after a surge that began on September 9, coinciding with a significant increase in daily trading volume.
Further down the list, Base’s TVL is primarily attributed to multi-network DeFi platforms like Compound, Curve, and Uniswap.
Friend.tech TVL since launch. Source: DeFi Llama
Base achieved a new record in daily transactions, reaching 1.88 million on September 14, as reported by BaseScan. This number significantly surpassed competing chains like Optimism and Arbitrum, which together had nearly 880,000 transactions on the same day.
Base daily transactions. Source: Base ScanThe all-time high for Base’s daily transactions still stands, but it has since dropped to around 908,000 as of September 22.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #Base #BaseChain #Solana
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