Coin $SOL holds its ground around $75.50, trying to feel out a local bottom and consolidate in the discount zone after the recent market pullback.
⚡️ Battle for volume on DEX: Despite the price drop, Solana’s daily trading volume remains at $1.19 billion. The ecosystem keeps high user activity thanks to low-cost transactions and new liquidity pools.
🔧 Expectation of an Alpenglow update: The market is beginning to price in the upcoming major hard fork Alpenglow, which is expected to reduce block finality time to 100–150 milliseconds and increase the network’s overall throughput.
🛡 Institutional interest: Major fintech player Forward Industries (FWDI) reported an increase in its treasury reserves in Solana to 7.55 million SOL, confirming long-term confidence from large investors in the asset at current lows.
On the chart, the asset is squeezed into a narrow channel. The strongest resistance zone is now at $80.00–$83.00 (previously a strong support level). The key defense level for buyers is $70.00. As long as the price does not break above $80, risks remain of a short-term slide toward the lower boundary
#Solana #SOL #Crypto #Теханализ
⚡️ Battle for volume on DEX: Despite the price drop, Solana’s daily trading volume remains at $1.19 billion. The ecosystem keeps high user activity thanks to low-cost transactions and new liquidity pools.
🔧 Expectation of an Alpenglow update: The market is beginning to price in the upcoming major hard fork Alpenglow, which is expected to reduce block finality time to 100–150 milliseconds and increase the network’s overall throughput.
🛡 Institutional interest: Major fintech player Forward Industries (FWDI) reported an increase in its treasury reserves in Solana to 7.55 million SOL, confirming long-term confidence from large investors in the asset at current lows.
On the chart, the asset is squeezed into a narrow channel. The strongest resistance zone is now at $80.00–$83.00 (previously a strong support level). The key defense level for buyers is $70.00. As long as the price does not break above $80, risks remain of a short-term slide toward the lower boundary
#Solana #SOL #Crypto #Теханализ