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Solana (SOL) Records 14-Month High with Firedancer Testnet Launch


by CoinEdition
Solana Ecosystem Tokens Surge by 300% Over the Last 24 Hours
  • SOL’s impressive 80% monthly gain solidifies its position among the top cryptocurrencies, with potential for a $50 breakthrough.
  • Solana’s partnership with Amazon AWS and Firedancer’s scaling solution signals a bright future for the blockchain.
  • Technical indicators suggest a potential negative trend for SOL/USD, with the RSI and MACD pointing towards a bearish movement.

Solana (SOL) has marked a significant milestone, soaring to a 14-month high of $46. This remarkable rally, a 12% increase in the last 24 hours, has erased the losses sustained following the FTX crypto exchange collapse. Despite the unstacking of over 500K Solana coins worth $21 million by FTX, the SOL bulls have maintained their dominance, showcasing the asset’s robustness.

Moreover, this upward trajectory has propelled Solana’s monthly gains beyond 80%, outshining its peers in the top ten cryptocurrencies with a year-to-date performance surpassing 350%. This feat draws attention to Solana’s potential to sustain the $40 support level, which could set the stage for an ascent to $50.

SOL/USD 24-hour price chart (source: CoinStats)

Solana’s Strategic Moves

As the decentralized finance (DeF…

The post Solana (SOL) Records 14-Month High with Firedancer Testnet Launch appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Solana (SOL) Price Prediction for July 22

Solana (SOL) Price Prediction for July 22

After weeks of steady ascent, Solana price has reached the upper trendline of a risin...
Solana Price Prediction: SOL Up 10.9% This Week – Is a $185 Breakout Possible?

Solana Price Prediction: SOL Up 10.9% This Week – Is a $185 Breakout Possible?

Solana has delivered an impressive 10.9% surge this week, riding the broader cryptocu...

Solana (SOL) Records 14-Month High with Firedancer Testnet Launch


by CoinEdition
Solana Ecosystem Tokens Surge by 300% Over the Last 24 Hours
  • SOL’s impressive 80% monthly gain solidifies its position among the top cryptocurrencies, with potential for a $50 breakthrough.
  • Solana’s partnership with Amazon AWS and Firedancer’s scaling solution signals a bright future for the blockchain.
  • Technical indicators suggest a potential negative trend for SOL/USD, with the RSI and MACD pointing towards a bearish movement.

Solana (SOL) has marked a significant milestone, soaring to a 14-month high of $46. This remarkable rally, a 12% increase in the last 24 hours, has erased the losses sustained following the FTX crypto exchange collapse. Despite the unstacking of over 500K Solana coins worth $21 million by FTX, the SOL bulls have maintained their dominance, showcasing the asset’s robustness.

Moreover, this upward trajectory has propelled Solana’s monthly gains beyond 80%, outshining its peers in the top ten cryptocurrencies with a year-to-date performance surpassing 350%. This feat draws attention to Solana’s potential to sustain the $40 support level, which could set the stage for an ascent to $50.

SOL/USD 24-hour price chart (source: CoinStats)

Solana’s Strategic Moves

As the decentralized finance (DeF…

The post Solana (SOL) Records 14-Month High with Firedancer Testnet Launch appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Solana (SOL) Price Prediction for July 22

Solana (SOL) Price Prediction for July 22

After weeks of steady ascent, Solana price has reached the upper trendline of a risin...
Solana Price Prediction: SOL Up 10.9% This Week – Is a $185 Breakout Possible?

Solana Price Prediction: SOL Up 10.9% This Week – Is a $185 Breakout Possible?

Solana has delivered an impressive 10.9% surge this week, riding the broader cryptocu...