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SOL is stopped?This seems to be the end for SOL, next the asset will fall and crash.... Just kidding. Solana software architects again forgot to run tests for one of the functions that defines the block validator. Because this function stopped working, there was essentially no one to validate the block and the blockchain stopped working. This is certainly unpleasant news, but it is not critical. Let me tell you a secret, there is a chance that any L1/L2 blockchain can stop working. Dump your bags, papperhands. Im waiting for it Targets still same.
COINBASE:SOLUSDLong
by Samura0x
Solana's Ascent Towards $200: A Q1 2024 OutlookBreakout Hesitation: Despite breaking past a key trendline, SOL's ascent stalls as it flirts with the $100 milestone, signaling a crucial moment for bullish momentum. 50D EMA Support: Solana holds its ground above the 50-day EMA, hinting at underlying strength amidst slow price actions. Potential for Surge: A resurgence in buying power could catapult SOL beyond $150, setting the stage for a significant rally. Ethereum's Influence: Ethereum's strengthening against Bitcoin may herald a broader altcoin rally, providing a conducive backdrop for Solana's potential surge. Bitcoin's Bullish Signal: The crypto market braces for a significant upswing, supported by substantial BTC accumulation by miners and exchanges, underscoring a bullish outlook for SOL. Technical Setup: SOL's price hovers at $95, presenting a Doji candle that underscores market indecision but maintains a positive stance above critical support levels. RSI Optimism: The daily RSI for Solana suggests a brewing comeback, with a slight divergence pointing towards potential bullish momentum. Market Anticipation: The crypto community eyes the $100 and $125 levels as pivotal for Solana's journey towards $200, closely monitoring for a decisive breakout. Entry Strategy: Investors remain on the lookout for a solid push above $100 as a sign to engage, amidst speculative forecasts of Solana revisiting or surpassing the $200 threshold. Risk Awareness: The possibility of a pullback to $82 remains a consideration, urging caution among traders navigating Solana's volatile landscape.
COINBASE:SOLUSDLong
by Coinpedia-Market-Insight
Solana Mobile Chapter 2: A Revolutionary Leap in Web3.0 Accessibility and Preorder Frenzy Solana Mobile has set the stage for a groundbreaking release with its upcoming Chapter 2 device. The company recently announced that it has shattered its own preorder records, amassing over 60,000 pre-orders for the eagerly awaited Android device within a short span. This remarkable achievement underscores the growing anticipation and interest in Solana's commitment to bringing Web3.0 solutions to a global audience. Preorder Success and Milestone Achievement: Solana Mobile's Chapter 2, introduced earlier this year for pre-orders, has witnessed an unprecedented level of enthusiasm from consumers. Within just 48 hours of the announcement, an impressive 30,000 units of the Chapter 2 phones were purchased, setting a new milestone for the company. Solana Mobile views this achievement as a significant step towards realizing its overarching goal of making Web3.0 solutions accessible on a global scale. Features and Upgrades: The Chapter 2 device is the enhanced successor to the Solana Saga phone, sharing key specifications such as the powerful Snapdragon® 8+ Gen 1, 12GB of RAM, 512GB of Flash storage, and a 6.67” OLED display. However, Solana Mobile promises more than just incremental improvements. Notable upgrades include a hardware overhaul, an integrated crypto wallet, customized Android software, and a dedicated "DApp store" for crypto applications. Innovative Incentivization Scheme: One driving force behind the soaring preorders is the innovative incentivization scheme that Solana Mobile has attached to the purchase of Chapter 2. Buyers are not only securing an advanced mobile device but also receiving non-transferable tokens, including coveted Non-fungible tokens (NFTs). This unique approach mirrors the successful strategy employed with the Solana Saga, where customers received a $100 refund and BONK meme coins as incentives. Speculation Surrounding Token Giveaways: The mention of token giveaways has sparked speculation among Solana Mobile enthusiasts, with many anticipating a similar SEED_DONKEYDAN_MARKET_CAP:BONK meme coin giveaway as seen with the Solana Saga. However, it remains uncertain if Solana ( CRYPTOCAP:SOL ) will incorporate this meme coin into its marketing strategy once again. The element of surprise adds an extra layer of excitement and curiosity among potential buyers. Impact on Solana ( CRYPTOCAP:SOL ) Coin: While Solana ( CRYPTOCAP:SOL ) has experienced a period of sideways fluctuation, the growing traction and buzz surrounding the Solana Mobile Chapter 2 are expected to positively impact the coin's price in the coming days. This symbiotic relationship between the device's popularity and the cryptocurrency's performance highlights the interconnected nature of the blockchain and mobile technology sectors. Looking Ahead to 2025: Despite the current buzz, consumers will need to exercise patience as the official launch date for Solana Mobile Chapter 2 is set for 2025. This extended timeline builds anticipation and allows Solana Mobile to fine-tune the device, ensuring that it meets and exceeds the expectations of an eagerly awaiting user base. Conclusion: Solana Mobile's Chapter 2 is not just a phone; it represents a leap forward in the evolution of mobile technology and blockchain integration. With record-breaking preorders, cutting-edge features, and an innovative incentivization scheme, the Chapter 2 device is poised to redefine the landscape of Web3.0 solutions. As the countdown to 2025 begins, the tech community eagerly awaits the official launch, anticipating a revolutionary milestone in the intersection of mobile devices and decentralized technologies.
COINBASE:SOLUSDLong
by DEXWireNews
Solana 2024 forecastBright future for Solana in 2024 and during next bullrun. Investors are reaping profits, sentiment is changing to bearish and price correction to no less than 30 USD is going to happen by April, followed by sideways crab trend into early autumn when fresh money is going to pour into Solana in significant volumes when conferences start and new tech is presented to public. Price is going to have an upward trajectory into 160-200 USD zone in late 2024 and early 2025. This is a forecast an not a trading advice.
COINBASE:SOLUSDLong
by hrcul
8
Solana (SOL): One Last PumpThe reaction down from the medium term high at $126.39 subdivides as a double zigzag. Giving confidence that it was a corrective move and not motive. The reaction from $78.87, the end of the double zigzag, subdivides nicely as an impulse. In the near term, a impulsive channel has broken in a decline which is expected to subdivide as a zigzag. The guideline of the previous 4th wave of lessor degree gives a range of around $90.50 to $94.50 as an expected depth of correction. The risk to reward ratio to establish a long position in that price range is great in my opinion. The potential for a 50% move to the upside is a confident scenario.
BINANCE:SOLUSDLong
by ChartWizardTrading
1
Solana's Soaring Transaction Volume Signals Bullish MomentumThe blockchain landscape is witnessing a remarkable surge in activity, with Solana ( CRYPTOCAP:SOL ) taking center stage as its monthly transaction volume reaches a multi-year high. The native token, CRYPTOCAP:SOL , has not only posted significant gains among major altcoins but has also exhibited impressive resilience in the face of recent market fluctuations. This article explores the key factors contributing to Solana's stellar performance, delving into the surge in transaction volume, the recovery of CRYPTOCAP:SOL 's price, the role of WEN token pairs, and the implications of recent liquidations. Unprecedented Transaction Volume Surge: Solana's blockchain is experiencing an unprecedented surge in transaction volume, with data from The Block's Data Dashboard revealing a staggering $951.9 billion in transactions for January. This marks a substantial 30% increase in economic throughput compared to December's already impressive volume of $735.8 billion. The current transaction levels far exceed those seen in 2023 and most of 2022, indicating a significant uptick in user activity. CRYPTOCAP:SOL 's Remarkable Price Recovery: Despite recent market turbulence, Sol has managed to not only recover but also rise above the $100 mark. The token's value increased by almost 8%, reaching $104.44 at 9:22 a.m. ET, making Sol the best-performing major altcoin in the last 24 hours. This impressive recovery can be attributed to the growing interest in decentralized exchanges, particularly driven by WEN token pairs. WEN Token Airdrop Sparks Trading Frenzy:** The recent airdrop of NASDAQ:WEN tokens to users of Solana's Jupiter decentralized exchange has catalyzed a surge in trading activity. Data from Dune Analytics reveals that the top five decentralized exchange trading slots in the past 24 hours are dominated by stablecoin-SOL, stablecoin-WEN, and SOL-WEN pairs. This airdrop, extended to Solana Saga phone users and certain Solana-based NFT project owners, has ignited a trading frenzy, amplifying Solana's market presence. Liquidations Reflect Market Dynamics: CRYPTOCAP:SOL 's price volatility over the past 24 hours has led to a notable increase in liquidations, particularly in short positions on centralized exchanges. Approximately $9.9 million was liquidated, with the majority, almost $8 million, coming from shorts. This trend is reflective of the overall crypto market, which witnessed over $79 million in liquidated short positions in the last 24 hours, contributing to a total of $118 million across various centralized exchanges, according to CoinGlass data. Conclusion: Solana's robust performance in terms of transaction volume, price recovery, and market activity positions it as a standout player in the current blockchain landscape. The platform's ability to attract users through innovative initiatives like the WEN token airdrop and maintain resilience amid market fluctuations underscores its potential for sustained growth. As Solana continues to set new records, investors and enthusiasts alike are keenly watching to see how this blockchain powerhouse will shape the future of decentralized finance and blockchain technology.
COINBASE:SOLUSDLong
by DEXWireNews
SOLANA BULLISH MOMENTUM!!!Gaining Positive Momentum: Solana's current recovery trend shows strength, successfully breaking above a key resistance trendline. Aiming for the $100 Milestone: With buyer momentum consolidating, Solana is on the verge of surpassing the significant $100 threshold. Potential Move to $125-150: If the bullish trend continues, SOL could retest its previous peak of $125, marking significant growth. Market Sentiment Supporting the Rally: A gradual uptick in the overall market, led by Bitcoin, could act as a catalyst for Solana's surge. Anticipating New Highs: Solana's current path suggests the possibility of setting new 52-week highs in the near future. Long-Term Prospects: As market optimism grows, there's curiosity about Solana's potential to reach the $1000 mark. Technical Indicators Align: The emergence of a morning star pattern at the 50D EMA underscores the bullish sentiment. Awaiting Key Breakout: Cautious traders are eyeing the $100 level for a more definitive entry signal. Current Trading Dynamics: SOL is trading at $96.88, marking a steady rise and indicating sustained buyer interest. Fibonacci Level as Resistance: The 23.60% Fibonacci level poses a challenge with considerable overhead resistance. Potential Bearish Setback: Despite bullish trends, there's a warning of a possible reversal, underscored by declining trading volumes. MACD Indicator's Bullish Signal: The MACD indicator reinforces the bullish trend, hinting at a potential upcoming rally.
COINBASE:SOLUSDLong
by anandahaidarr
Flag breakout after previous Spring setup - SOLSolana was consolidating after an excellent move up. The consolidation looks like flagging to me and happened on lowered volume which is what we want to see. Price pulled back to the previous support where it bounced and formed a pin bar indicating my favorite Spring action setup. The Spring offered a 1 to 1 opportunity for scaling out. Now there was a visible breakout of the flag formation. We want to see a test on lower volume and then the price action target I typically use is the 161% Fibonacci extension therefore fairly reasonably Solana can reach easily 150 in the next run before meeting some logical price action resistance zone.
COINBASE:SOLUSDLong
by TheSpringHunter
Solana (SOL) Eyes $100 Mark, Poised for Potential BreakoutBullish Momentum Gaining Traction: Solana's current recovery trend exhibits strength, successfully breaking above a key resistance trendline. $100 Milestone in Sight: With buyer momentum consolidating, Solana is on the brink of surpassing the significant $100 threshold. Upside to $125 Peak: A sustained bull run could propel SOL to rechallenge its previous peak of $125, marking significant growth. Market Sentiment Fuels Rally: A gentle uptick in the broader market, led by Bitcoin, could act as a catalyst for Solana's surge. Anticipating New Highs: Solana's current trajectory suggests the possibility of setting new 52-week highs in the near future. Long-Term Prospects: As market optimism grows, there's curiosity around Solana's potential to hit the $1000 mark. Technical Indicators Align: The emergence of a morning star pattern at the 50D EMA underscores the bullish sentiment. Awaiting Key Breakout: Cautious traders eye the $100 level for a more definitive entry signal. Current Trading Dynamics: SOL is trading at $96.88, marking a steady rise and indicating sustained buyer interest. Fibonacci Level as Resistance: The 23.60% Fibonacci level poses a challenge with considerable overhead resistance. Potential Bearish Setback: Despite bullish trends, there's a warning of a possible reversal, underscored by declining trading volumes. MACD Indicator's Bullish Signal: The MACD indicator reinforces the bullish trend, hinting at a potential upcoming rally.
COINBASE:SOLUSD
by Coinpedia-Market-Insight
Solana. Bullflag or just a B wave? Or both?The potential bull flag on the SOL/USD chart has been a hot topic among traders lately. Let's delve into the details: Supporting the bull flag: Price action: Similar to ADA/USD, SOL has consolidated within a descending channel after a strong rally, forming a flag-like pattern. Flagpole height: A breakout could potentially push the price towards $107-$115, based on the flagpole height. Technical indicators: Some indicators like RSI show room for further growth, while others like MACD remain neutral. Cautious considerations: False breakouts: As with ADA/USD, the possibility of a false breakout and subsequent pullback exists. Market sentiment: Solana's recent network outages and broader market volatility could pose challenges. Volume: Consistent volume accompanying a breakout would strengthen the signal. Overall: The potential bull flag for SOL/USD offers an intriguing scenario, but cautious optimism is key. Remember: Confirmation: Wait for a decisive break above the upper trendline with strong volume to validate the pattern. Risk management: Implement stop-loss orders and portfolio diversification to manage potential risks. Fundamental analysis: Don't solely rely on technicals. Explore Solana's underlying fundamentals and long-term prospects.
BINANCE:SOLUSD
by ParabolicP