Solana (SOL) struggles to break key resistance after it suffers a huge loss on a hot wallet hack, losing over $5M creating so much panic in the heart of many faithful. The price of SOL looked strong in the early part of the week, trading above $40, trying to break the resistance before having an…
Solana (SOL) recovered from the slight pullback yesterday, even when the general crypto market cap dropped today. SOL which has been on an uptrend in the past week saw a 28.44% increase during this time. This increase might be due to combined economic factors and Solana’s growing utility among crypto users. What Is Driving The…
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Solana (SOL) is attempting to reclaim a strong resistance zone for the fourth time, which has led some investors to suggest that the rally won’t last long. Nonetheless, on-chain data suggests that SOL’s next leg up could be starting. Related Reading Solana Breaks Out Of Triangle Pattern On Thursday, Solana hit a six-month high of…
Solana (SOL) has once again stepped into the spotlight as analysts weigh in on its potential price trajectory. Despite recent volatility and declines, a new technical analysis suggests that the altcoin could be gearing up for a major move that could see its price skyrocket to around $268. Ascending Triangle Reveals Solana Next Targets For…
Solana is having a hard time springing back to life. Apparently, the FTX crash has negatively impacted SOL and its bearishness doesn’t seem to improve the crypto’s price. Here’s a quick look on how the crypto has been performing: FTX crash drags price down SOL price nosedives by 2.13% $200 million in crypto wiped out…
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Solana’s price is unstable following an exploit by hackers draining funds with the use of external applications. Around 8,000 wallets were hacked from Phantom and Solana, with roughly $8 million stolen from users. The coin’s price immediately nosedived to $40 with support at $35. A Solana NFT marketplace, Magic Eden, advised wallet users of Phantom…
The crypto market witnessed heightened volatility last week, with most coins observing steep declines. However, today, June 27, the market has registered a slight recovery as most coins posted a few gains, but SOL’s gain is the most notable among all. Solana’s native token, SOL, recorded over 3% price growth over the past 24 hours, while…
After facing a market-wide correction, several coins, including Ethereum and Solana, have recorded substantial gains in the past week. Earlier today, Ethereum reached a 24-hour high of $1,652 before dropping to $1,602 at press time. The Ethereum killer Solana also peaked at $33.74 on the day. However, it has fallen to $32.66. Although both have…