• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

What Drives Solana’s Price Growth?

user avatar

by Giorgi Kostiuk

a year 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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Solana's Quantum Readiness Strategy Under Scrutiny

chest

Solana's quantum readiness strategy is under scrutiny following Anatoly Yakovenko's comments on the need for a multi-scheme approach to enhance security against AI threats.

user avatarLeo van der Veen

South Korean Exchanges Win Temporary Relief from Regulatory Sanctions

chest

Three major South Korean crypto exchanges, Upbit, Bithumb, and Coinone, have secured temporary court relief from sanctions related to existing anti-money laundering requirements.

user avatarLi Weicheng

Anatoly Yakovenko Raises Concerns Over AI's Impact on Post-Quantum Cryptography

chest

Solana cofounder Anatoly Yakovenko warns that AI could expose vulnerabilities in post-quantum signature schemes, emphasizing the need for a robust security design.

user avatarMaya Lundqvist

DAXA Challenges New Anti-Money Laundering Regulations in South Korea

chest

DAXA opposes proposed changes to South Korea's anti-money laundering regulations, citing concerns over excessive reporting requirements.

user avatarAisha Farooq

MoneyGram's Stablecoin Service Expands to Colombia and El Salvador

chest

MoneyGram has launched its stablecoin service in Colombia and expanded to El Salvador, providing financial solutions for underserved markets in Latin America.

user avatarTenzin Dorje

Stellar Network Surpasses 1 Billion in Real-World Assets

chest

The Stellar network has crossed the 1 billion mark in real-world assets, indicating significant growth and momentum.

user avatarBayarjavkhlan Ganbaatar

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.