What Drives Solana’s Price Growth?

user avatar

by Giorgi Kostiuk

2 years ago

After three days of selling pressure, the crypto market is attempting to stabilize. SOL's price has risen to $192, marking a 0.50% increase over the past 24 hours.

Whale Activity and On-Chain Data

On-chain data from Lookonchain reveals significant whale activity, with a large holder transferring 245,922 $SOL to Binance. This suggests potential trading intentions that could impact price dynamics.

Solana Faces Critical Support Test

Solana's daily chart shows a downtrend. Analyst Ali Martinez warns of a possible drop below the $180 support level, which could lead to further price decline.

Declining Activity in Solana's Derivatives Market

$16.42 million in liquidations occurred over 24 hours. Trading volume and open interest have decreased, indicating reduced interest in Solana's derivatives.

Solana stands at a crossroads: significant whale activity and derivative metrics caution against optimism, while the rising long ratio suggests a possible bullish trend.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Trump Media Technology Group Shares Experience Significant Decline

Shares of Trump Media Technology Group plunged 14.29% to $5.10, extending a decline that had been ongoing prior to the midterm elections.

user avatarRajesh Kumar

Technology Stocks Show Mixed Results After US Midterm Elections

Technology stocks showed mixed results after the US midterm elections, with some companies gaining while others declined.

user avatarLucas Weissmann

SEC Provides Regulatory Clarity for Canton Coin

The SEC classifies Canton Coin as a digital commodity, providing regulatory clarity for its issuance and distribution model.

user avatarFilippo Romano

Bitbase Launches ORIGIN Points Program to Reward User Engagement

Bitbase has launched the ORIGIN Points program to reward user engagement over 26 weeks, distributing 1,000,000 points weekly starting November 4, 2026.

user avatarEmily Carter

Bitbase Launches ORIGIN Points Program to Reward User Participation

Bitbase has introduced ORIGIN, a new points program rewarding user participation over six months.

user avatarTomas Novak

Political Changes Prompt Scrutiny of AI Infrastructure and Energy Consumption

Political changes following the 2026 US midterm elections have led to increased scrutiny of AI infrastructure spending and its environmental impacts, particularly in Texas.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.