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At present, the price of Solana (SOL) is showing signs of recovery from a corrective phase. However, to sustain the momentum, it is crucial for SOL to surpass a significant resistance level. In the past 24 hours, SOL has experienced a 4% increase in value. Over the course of the past week, the altcoin has [...]
The post Solana Bulls Must Overcome This Resistance To Avoid A 10% Plunge appeared first on Crypto Breaking News.
Solana SolSea is an alternative to well-established NFT marketplaces like OpenSea. It is more appealing to NFT creators, with low costs, speed and a friendly interface.
A U.S. Senate candidate is pulling a Nayib Bukele and calling for making Bitcoin legal tender. Covered: Bryan Solstin: Bitcoin Legal Tender Solstin’s Chances Bryan Solstin: Bitcoin Legal Tender I declare my candidacy for US Senate. Making #Bitcoin Legal Tender in the USA will be my primary objective on the Senate floor.#Bitcoin is the Great […]
The post Senate Candidate Bryan Solstin Is Running On Making Bitcoin Legal Tender appeared first on CryptosRus.
Now is a great time to purchase undervalued NFTs and Metaverse crypto coins with the recent cryptocurrency bear market, assuming you’re brave enough. There are dozens of NFT marketplaces on the market, and it may be hard for those new to cryptocurrency to figure out which ones are the real deal and which ones are […]
The post Top 3 NFT Marketplaces for New Cryptocurrency Enthusiasts (March 2022) appeared first on NullTX.
The Solana price has started to reverse itself over the last week. Solana has witnessed close to 10 months of downtrend now. It is still determined if SOL can hold onto the bulls over the subsequent trading sessions. The technical outlook for Solana pointed towards positive price action on the daily chart. Buying strength returned [...]
The post Solana Posted Recent Gains But This Price Zone Remains Crucial appeared first on Crypto Breaking News.
The recent scandal involving Libra Memecoin has impacted Solana’s reputation, but the true reason for Sol’s decline goes beyond this incident. While the controversy may have contributed to Solana’s image taking a hit, there are other underlying factors at play. Solana, a popular blockchain platform, has been facing challenges that have led to a decrease [...]
The post The Shocking LIBRA Meme Coin Scandal That’s Hurting Solana – Uncovering the True Cause of SOL’s Decline appeared first on Crypto Breaking News.
Solana is rising above the $20 resistance against the US Dollar. SOL price might continue to rise steadily toward the $22 zone in the near term. SOL price is showing positive signs above the $19.50 level against the US Dollar. The price is now trading above $20 and the 100 simple moving average (4 hours). There is a major bullish trend line forming with support near $19.70 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could continue to move up unless there is a close below $18.00. Solana Price Starts Recovery In the past few days, Solana’s price started a fresh increase from the $15.65 support zone, similar to Bitcoin and Ethereum. The bulls gained strength for a clear move above the $18 resistance. The price even climbed above the $20 level before the bears appeared. A high is formed near $20.95 and the price is now consolidating gains. It tested the 23.6% Fib retracement level of the upward move from the $15.64 swing low to the $20.95 high. SOL is now trading above $20 and the 100 simple moving average (4 hours). There is also a major bullish trend line forming with support near $19.70 on the 4-hour chart of the SOL/USD pair. Source: SOLUSD on TradingView.com On the upside, immediate resistance is near the $20.50 level. The first major resistance is near the $21 level. A clear move above the $21 resistance might send the price toward the $22 resistance. Any more gains might send the price toward the $22.40 level. Downsides Supported in SOL? If SOL fails to clear the $20.50 resistance, it could start a downside correction. Initial support on the downside is near the $19.70 level and the trend line. The first major support is near the $18.40 level or the 50% Fib retracement level of the upward move from the $15.64 swing low to the $20.95 high. If there is a close below the $18.40 support, the price could decline sharply. In the stated case, the price may perhaps decline toward the $16.80 support. The next major support is near the $15.65 level. Technical Indicators 4-Hours MACD – The MACD for SOL/USD is gaining pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $19.70, and $18.40. Major Resistance Levels – $20.50, $21.00, and $22.00.
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