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Technical Insight: On the Daily chart, DOGE printed a massive green candle on Feb 6th. Currently, on the H4 timeframe, we are consolidating. If DOGE breaks and closes above $0.105, the next target is $0.120 and $0.135!
(Solana) is a high-performance blockchain designed to support fast, low-cost, and scalable decentralized applications. It was created to solve common blockchain issues like slow transaction speed and high fees. 🔹 What is Solana? Solana is a Layer-1 blockchain that uses a unique combination of Proof of Stake (PoS) and Proof of History (PoH). This design allows the network to process thousands of transactions per second while keeping fees very low. 🔹 Why Solana is Different Unlike many blockchains, Solana focuses on speed and efficiency. Transactions confirm quickly, which makes it suitable for real-time use cases such as payments, gaming, and decentralized exchanges. 🔹 Where SOL is Used SOL is the native token of the Solana network and is used for: • Paying transaction fees • Staking to help secure the network • Participating in governance • Powering DeFi, NFT, and Web3 applications 🔹 Why SOL Price Moves Up & Down The value of SOL is influenced by: • Network usage and demand • Growth of apps built on Solana • Overall crypto market sentiment • Ecosystem updates and adoption Like all crypto assets, price movement is market-driven and can change based on demand and activity. 🔹 Solana & Ecosystem Growth Solana continues to attract developers due to its low fees and high throughput. Many projects choose Solana to build scalable products without sacrificing performance. 🔹 Final Note SOL represents the utility and activity of the Solana network. Understanding its technology and real use cases helps in forming a clearer view of its role in the crypto ecosystem. This article is for educational purposes only and focuses on understanding the Solana blockchain and its native token. #Solana #SOL #TheChartReader #CryptoEducation #Blockchain #Web3 #BinanceSquare