The alternative to Ethereum The ETH chain has been a regular source of inflows, according to Solana.
According to data provided by Cryptoslam, Solana just liquidated Ethereum for the purpose of selling NFTs.
Holders of Solana saw their holdings increase by approximately 14% over the course of the week as the price remained over $72.
The interest of market players has been captured by Solana, which has resulted in investors from the Ethereum chain investing in the cryptocurrency. During the last week, holders of the SOL token have seen increases of double digits, and the token is currently generating news for airdrops that are taking place within the Solana ecosystem.

In accordance with the statistics provided by DeFiLlama, the Total Value of assets Locked (TVL) of the Solana chain is close to three percent of Ethereum. As of the time this article was written, Solana's TVL sits at $912.62 million. Over the course of the last half year, the increase in Solana's TVL may be ascribed to the addition of additional DeFi projects to the chain as well as the airdrops initiated by projects that are part of the SOL ecosystem.
The analyst and researcher behind the X handle @0xGumshoe, Solana, has observed that the SOL chain is more efficient with regard to the use of money than Ethereum. The expert is of the opinion that Solana is responsible for more than seventy percent of Ethereum's Decentralized Exchange (DEX) volume, despite the fact that Ethereum's TVL is quite high in comparison to other chains.
An specialist in cryptocurrency named Jacob Canfield saw that funds were flowing from Ethereum to Solana and he threw his support behind the Ethereum alternative.
#SOLPriceAnalysis #SOLANA #DeFiChallenge
As of the time of this writing, the price of Solana is $72.41, and the alternative cryptocurrency has generated gains of almost 14% over the last week and nearly 60% over the course of the past month. Over the course of the last three days, the price of SOL has remained over $72.

The price of SOL has recently risen over $68 and the 100 simple moving average for the past four hours. On the four-hour chart of the SOL/USD pair, there is also coming into existence a significant bullish trend line that is forming with support close to $65.50.
In the direction of the upward, the level of $72.40 represents immediate resistance. The 61.8% Fibonacci retracement level of the bearish move from the swing high of $77.72 to the low of $63.78 is close to being reached by the price. It is close to the $75.00 level that the first big barrier arrives.
Now, the primary resistance is located close to $77.75. The potential for another significant rally might be put in motion with a successful closure over the $77.75 resistance level. A significant resistance level close to $80.00 is the next one. Should there be any further rises, the price may climb closer to the $85.00 mark.
How about another drop in SOL?
In the event that SOL is unable to break through the resistance level of $75.00, it may initiate a new downward trend. Near the level of $68.50 is where initial support on the downside might be found.
In the vicinity of the trend line or the $65.50 level, the first significant support is located. If the price falls below this level, it may challenge $63.50. There is a possibility that the price may fall below the $56.00 support in the near future if there is a closing below the $63.50 support threshold.
Indexes of Technical Concern
The MACD for the SOL/USD pair is gaining momentum in the positive zone, as seen by the 4-hour MACD.
The 4-hour Relative Strength Index (RSI) shows that the SOL/USD pair has an RSI that is higher than the 50 mark.
The two most important support levels are $68.50 and $65.50.
The major levels of resistance are $72.40, $75.00, and $77.75 respectively.
#SOL #Solana📈🚀🌐 #SOLPriceAnalysis

The Solana price has seen a 1% increase during the last 24-hour period, aligning with a commensurate market-wide return observed today.
The price of SOL has seen a notable increase of just over 6% over the previous week, followed by an 18% surge over a two-week period and a remarkable 81% spike over the course of the prior month.
SOL emerges as the most high-performing token within the top-20 category for these specified time intervals. The currently available data indicates a growing interest from institutions and funds towards this particular token.
Therefore, it is probable that the price will continue to increase in the next weeks, perhaps concluding the year with a robust upward trend in the market.
The present article examines the price prediction of Solana (SOL) as it experiences a 6.65% increase during the third week of November. It explores the possibility of the ongoing bullish momentum sustaining in the future.
Based on a comprehensive analysis of SOL's indicators and chart, the cryptocurrency has a sustained positive trajectory, with its momentum persisting.
The 30-day average (yellow) continues to exhibit an upward trend, surpassing its 200-day average (blue). This suggests that the current period of growth is expected to last for an extended duration.
Furthermore, the Relative Strength Index (RSI) of SOL has once again beyond the threshold of 60, indicating a favorable purchasing pressure that still has room to further escalate.
Another notable indicator is the consistent trade volume of about $1 billion, significantly surpassing the levels of $150 million recorded during the months of August and September.
These quantities serve to emphasize the enduring popularity of SOL, as seen by a recent whale warning indicating a significant transfer of around $25 million worth of SOL from Kraken.
This observation may be seen as a positive indication, as it suggests that the token is now in a period of accumulation, perhaps leading to more price gains in the future.

As previously stated, SOL presently exhibits the highest level of popularity among altcoins in relation to the influx of funds, surpassing even Ethereum (ETH).
Hence, it is reasonable to propose that subsequent market-wide upswings would persist to be spearheaded by Solana, given its commendable performance in the year 2023.
This is apparent in the increasing total value locked in the system, as well as the uninterrupted uptime of 100% since the beginning of the year.
Therefore, it is anticipated that the Solana price will exhibit a persistent upward trend in the next weeks, with the possibility of reaching a value of $80 by the year 2024.
#Solana📈🚀🌐 #SOLPriceAnalysis #SOL

Solana (SOL) experiences a 7% price jump amid talks of launching additional Saga phone models by its founder.Buyers maintain control, finding support at the vital baseline of $51 and establishing dominance above the psychological mark of $50.The resurgence in SOL's price indicates a strong likelihood of a breakout, targeting a run above the $68 threshold.Solana token has impressively surged by more than 700% since its lowest point in December.According to Coingabbar Price Analysis, The SOL price trend persists in a rising channel rally on the 4-hour chart.Solana's price has undergone four weeks of horizontal trading, fluctuating between $51.4 and $68.00.Indications of a short-term trend reversal are emerging, with the SOL price poised to surpass the $68 mark.The SOL price encounters resistance at the upper boundary of the Ascending Triangle pattern.In the 4-hour chart, Solana is currently positioned within the confines of a symmetrical triangle pattern.The bulls successfully breach $65 but struggle to maintain the momentum, leading to a subsequent price retracement.A bullish breakout above the overhead resistance trendline holds the potential to propel SOL's price to $75.Failure to break the channel might redirect the price towards $58 or the lower range near $50 within the channel.
KEY LEVELS :
RESISTANCE LEVEL : $65.00-$68.00
SUPPORT LEVEL : $60.00-$58.0
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
#BinanceTournament #dyor #crypto2023 #BullRun #SOLPriceAnalysis

A crypto analyst has surprisingly predicted a drop in Solana's price despite the ongoing bullish momentum. His analysis suggests a significant decline for Solana, offering a new perspective on this cryptocurrency's development.
According to a cryptocurrency trader on TradingView known as AlanSantana, Solana's trading volume over the past two months indicates that the cryptocurrency may be heading towards a potential crash.
Analyst Predicts a Massive Crash for Solana
AlanSantana noted that Solana's trading volume between September and October 2024 has dropped significantly, which often signals a bearish outlook and may indicate an upcoming downward price impulse. This development suggests a decrease in demand for the cryptocurrency.
The analyst contrasts the current situation with last year’s trading activity, specifically from September to November 2023, when Solana's trading volume was increasing. This growth in trading volume at the time fueled an upward rally that peaked in the first quarter of 2024, with Solana reaching significant highs.
Based on the difference between the two time periods and the current decline in trading volume, the analyst suggests that Solana is more likely to head in a major bearish direction. He highlighted a potential drop in Solana's price below the $50 level, which would effectively erase the gains from the previous year and return the cryptocurrency to its November 2023 price range.

SOL Whales Remain Active
Solana is still partially in a bullish mode, despite the decline in trading volume noted by AlanSantana. According to data from on-chain monitoring firm Lookonchain, crypto whales increased their Solana trading activity over the past week.
In a post on platform X, Lookonchain cited three instances where Solana whale addresses withdrew SOL tokens from crypto exchanges and subsequently staked them. The largest transaction came from the address “AA21…VxH9,” which moved 153,511 SOL tokens worth approximately $26.4 million from Binance to stake them.
Another whale, identified as “EHax...gAUa,” withdrew 35,498 SOL tokens worth $6.12 million from Binance and Kraken over three days and then staked the tokens. Conversely, the whale address “EGzi…mR7g” purchased 13,000 SOL tokens worth $2.3 million from Binance, bringing their total to 95,651 SOL.
Interestingly, another smart whale address recently sold 26,726 SOL worth $3.86 million. Known for its low buys and high sells, this whale currently holds 42,729 SOL, valued at $7.61 million.

At the time of writing, Solana is trading at $178, an 8% increase over the past seven days. The accumulation and momentum are currently bullish, making a drop toward $40 seem unlikely at this moment.
#Solana_Blockchain , #SolanaCoin , #SOLPriceAnalysis , #Cryptocurrencies , #CryptoNews🚀🔥

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Solana Saga prices reach $5K on eBay due to Bonk frenzy, leading to a sell-out.Senator Warren's Anti-Money Laundering Act support raises concerns, impacting the entire crypto market.According to Coingabbar Price Analysis, SOL price faces rejection at the rising channel's top and psychological $80 levels.SOL price faces rejection at the rising channel's top and psychological $80 levels.Bulls successfully breach the neckline of the rounding bottom pattern but fail to sustain, resulting in a retreat.Price declines below $70 after being rejected from the channel's upper boundary.SOL's price finds support at the 20 EMA and hovering near $70.On the hourly chart, SOL is trading inside the horizontal channel pattern.
KEY LEVELS :
RESISTANCE LEVEL : $71.50-$74.00
SUPPORT LEVEL : $67.50-$65.50
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
#SolanaInsights #crypto2023 #BullRun #dyor #SOLPriceAnalysis $SOL

Solana Price Prediction: Amidst market fluctuations, SOL showcases growth, reinforcing its position in cryptocurrency's Layer-1 scaling race.Solana Price Prediction: Amidst a volatile cryptocurrency landscape, Solana has emerged as a prominent player, rivaling Ethereum in Layer-1 scaling solutions. A recent analysis of SOL’s market trajectory reveals a dynamic pattern of growth and challenges, marking its position as a key cryptocurrency to watch.Source | TradingviewThe latest trading session witnessed a 5.30% intraday drop in Solana’s value, registering a red candlestick pattern and bringing the price to around $97.85 at the time of writing. Despite this dip, the 24-hour trading volume shows a 5% increase, indicating sustained investor interest. However, SOL faces challenges in maintaining its value as bearish trends dominate the market.As the bearish trend looms, SOL’s support level could potentially drop to $90. Currently, resistance levels for SOL are pegged at $100 and $115. If SOL breaks through the $115 resistance, it might aim for the $120 mark, a potential indicator of a more robust recovery. Investors and enthusiasts closely watch these market movements as bullish momentum could signify a turning point, fostering a positive outlook for Solana’s future performance.Solana vs. Ethereum in Layer-1 ScalingSolana’s co-founder Anatoly Yakovenko recently emphasized the platform’s commitment to Layer 1 scalability, challenging the prevalent view of adopting Layer 2 solutions. Yakovenko’s vision for Solana is to achieve a level of scalability that aligns with the maximum speed permitted by physical laws, a goal that he argues is critical in a world brimming with Layer 2 solutions. This stance sets Solana apart in the blockchain technology race, underscoring its potential to redefine the boundaries of cryptocurrency performance.Solana Price Technical Analysis and Future OutlookThe 24-hour technical analysis of Solana paints a mixed picture. The Moving Average Convergence Divergence (MACD) is below the zero line, suggesting bearish momentum. Meanwhile, the Relative Strength Index (RSI) hovers at 53 in the neutral zone. However, there’s a silver lining, as both the 20-day Exponential Moving Average and 50-day EMA show positive trends. SOL/USD daily price chart, Source | TradingviewAdditionally, the Chaikin Money Flow index(CMF) remains positive at 0.15, hinting at potential bullish sentiment in the near term. The current price of Solana trading above both the 50-Day Smooth Moving Average (SMA) and the 100-Day SMA indicates a bullish trend in the market in near-term.#priceprediction #SOLPriceAnalysis #Osmy_CryptoT #BinanceTournament