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MainNewsBackpack SOL...

Backpack SOL Staking & Robinhood Interest Builds Solana (SOL) Price Rally


by Parth Dubey
for CoinEdition
Solana SOL Price Today: SOL News, Technical Analysis Levels
  • Backpack Exchange has begun staking its SOL reserves, reducing circulating supply.
  • Robinhood is reportedly exploring Solana as a blockchain layer for EU stock trading.
  • Indicators show bullish momentum, with $153 as key resistance and targets up to $173 if broken.

Solana (SOL) pushed towards $150 today, gaining over 3% in the past 24 hours and reclaiming its 20-day EMA, fueled by positive ecosystem developments and continued market interest. 

News surrounding Backpack Exchange’s SOL staking initiative and potential adoption by Robinhood in Europe adds fundamental weight to the ongoing technical recovery. 

Backpack Exchange Begins Staking SOL Reserves

Adding to Solana’s news flow today, Backpack Exchange made a notable move: the platform, led by Armani Ferrante, announced it has started staking its SOL reserves.

According to Ferrante’s p…

The post Backpack SOL Staking & Robinhood Interest Builds Solana (SOL) Price Rally appeared first on Coin Edition.

Read the article at CoinEdition

Read More

ETH and ADA Rise, But Analyst Says the Real Altcoin Bull Run Is Only Getting Started

ETH and ADA Rise, But Analyst Says the Real Altcoin Bull Run Is Only Getting Started

The cryptocurrency market is on the rise again, with Bitcoin moving closer to the $10...
Pi Price Prediction: How the May 14 Announcement Could Trigger a Breakout

Pi Price Prediction: How the May 14 Announcement Could Trigger a Breakout

Pi Network’s PI coin saw a sharp 10% price spike earlier today, pushing towards $1, a...
MainNewsBackpack SOL...

Backpack SOL Staking & Robinhood Interest Builds Solana (SOL) Price Rally


by Parth Dubey
for CoinEdition
Solana SOL Price Today: SOL News, Technical Analysis Levels
  • Backpack Exchange has begun staking its SOL reserves, reducing circulating supply.
  • Robinhood is reportedly exploring Solana as a blockchain layer for EU stock trading.
  • Indicators show bullish momentum, with $153 as key resistance and targets up to $173 if broken.

Solana (SOL) pushed towards $150 today, gaining over 3% in the past 24 hours and reclaiming its 20-day EMA, fueled by positive ecosystem developments and continued market interest. 

News surrounding Backpack Exchange’s SOL staking initiative and potential adoption by Robinhood in Europe adds fundamental weight to the ongoing technical recovery. 

Backpack Exchange Begins Staking SOL Reserves

Adding to Solana’s news flow today, Backpack Exchange made a notable move: the platform, led by Armani Ferrante, announced it has started staking its SOL reserves.

According to Ferrante’s p…

The post Backpack SOL Staking & Robinhood Interest Builds Solana (SOL) Price Rally appeared first on Coin Edition.

Read the article at CoinEdition

Read More

ETH and ADA Rise, But Analyst Says the Real Altcoin Bull Run Is Only Getting Started

ETH and ADA Rise, But Analyst Says the Real Altcoin Bull Run Is Only Getting Started

The cryptocurrency market is on the rise again, with Bitcoin moving closer to the $10...
Pi Price Prediction: How the May 14 Announcement Could Trigger a Breakout

Pi Price Prediction: How the May 14 Announcement Could Trigger a Breakout

Pi Network’s PI coin saw a sharp 10% price spike earlier today, pushing towards $1, a...