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

Prior to the bears' arrival, Solana climbed near $80. The SOL price is retracing its gains, but bulls may keep pushing toward the $65 support level.
A big upswing in SOL price occurred as prices above the $65 barrier level, but then dollar bears emerged.
Past $65 and the 100-simple-moving-average (4-hour) price, trade has taken place.
On the 4-hour chart of the SOL/USD pair, a crucial bullish trend line is emerging, with support located at $65.00.
If there is a clear break below the $55.00 support, the pair might accelerate lower.
The price of Solana has begun a downward correction.
Over the past two days, Solana's price has soared beyond the $60 mark. Similar to Bitcoin and Ethereum, SOL's positive momentum increased as it landed over $65.
The price even surpassed the $72 mark, thanks to the bulls. Recently, there was a pullback to the negative after the price formed a high near $77.72. It touched $70 and traded below $72. The bears succeeded in bringing the price down below the $77.72 high, which is the 23.6% Fib retracement line of the rise from the $53.50 swing low.
There has been no change in SOL's price action above the 4-hour simple moving average (100) or $66. Support at $65.00 and a crucial positive trend line are both visible on the 4-hour chart of the SOL/USD pair.
Approximately halfway between the $53.50 swing low and the $77.72 high, the trend line forms a half-Fibonacci retracement. On the upside, the $72.00 level is where you'll see immediate resistance. Approximately $75.00 marks the first significant degree of resistance.
Now, the key level of resistance is close to $78. Closing over the $78 barrier may pave the way for a more substantial gain. About $82.50 lies the next important barrier. If prices continue to rise, they may reach the $86.52 mark.
#SOLPriceAnalysis #SOLANA #BullRun
Further Setbacks for SOL?
A continuation of the decline is possible if SOL is unable to get over the $72.00 barrier. The $68.00 level is a potential initial support area for a decline.
If prices go below $62, they may encounter resistance at the trend line or the $65.00 mark, the first important support level. A possible short-term slide toward the $55 support might occur if the price closes below the $62 support.
Performance Metrics
The 4-hour MACD for SOL/USD is moving farther into the negative territory.
Relative Strength Index (RSI) over the last four hours shows that the SOL/USD pair is trading below the 50 mark.
Both $62.00 and $65.00 are major support levels.
The key levels of resistance are $72.00, $75.00, and $78.00.

Surprisingly more than 93% of the tokens in circulation in Solana appear to have been staked by investors. A report released on December 2 by StakeRewards shows that 395.88 million SOL have been staked in the protocol.@Btcnews99 This stake amount amounts to 93.33% of the 424.21 million SOL that make up Solana's circulating supply. Furthermore, StakingRewards states that SOL has a staking market value of $24.64 billion and a market capitalization of $26.43 billion.In only one month, Solana's Total Locked Value (TVL) from the DeFi ecosystem climbed by 63%, and in just one week, it soared by 12.24%. On December 2, these numbers were acquired from DefiLlama.SOL is now at the top of the list thanks to this TVL rise. Specifically, SOL fared better than other chains, displacing Avalanche (AVAX) in seventh place with a locked value of $678.7 million and its use in protocols.The market's growing interest in and demand for SOL may be shown by the high staking rate and TVL growth. It also shows how confident investors are in the protocol and how ready they are to lock in their liquidity over the long run. Coinbase, a well-known cryptocurrency exchange, declared their support for Solana in keeping with this.Solana (SOL) is showing impressive performance in spite of regulatory demands.Over 93% of the circulating tokens in Solana have been staked by investors.TVL for Solana has climbed dramatically, showing rising demand and interest.#Disclaimer: The information in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry risks due to their high volatility and should conduct their own research before making any transactions.#Solana📈🚀🌐 #SolanaInsights #SOLPriceAnalysis #SOLSurge #btcnews99

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

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

In November, the total value of USDC transactions on the Solana blockchain reached $71 billion, representing a notable surge and reaching the highest point in the last six months for this alternative currency to Ethereum.
The decentralized exchange (DEX) trade volume inside the SOL ecosystem has reached an unprecedented level, indicating a strong possibility of investors re-engaging with the Solana network.

The price of SOL saw a significant increase of 78% over the course of the previous thirty days, resulting in substantial profits for those who held the asset.
The Solana blockchain has shown a significant increase in the amount of USDC transfers inside its network. In conjunction with the surge in SOL price, there has been a notable rise in the trading volume of decentralized exchanges (DEX). The ongoing advancements inside the Solana ecosystem suggest a probable continuation of the price increase.
The indicators of Solana had significant growth in the month of November, reaching unprecedented levels.

In the month of November, the transfer volume of the stablecoin USDC on the Solana blockchain had a notable increase, reaching a total of $71 million. The figure below illustrates a significant increase in the value of the Ethereum alternative token, reaching its highest point in the span of six months. Solana achieved this significant accomplishment as the trading volume for the alternative cryptocurrency on decentralized exchanges reached its zenith.
In November, the total volume of peer-to-peer transfers using USDC reached its highest point for the year 2023.

According to the statistics provided by DeFiLlama, the trading volume of decentralized exchanges (DEX) had a notable increase throughout the month of October, reaching a new peak in November. The trading activity on decentralized exchanges (DEXes) built on the Solana blockchain saw an increase among market players. Simultaneously, the price of SOL, the native cryptocurrency of Solana, experienced increases, benefiting its holders. The increased level of engagement within the SOL ecosystem has had a significant role in the current upward trajectory of the cryptocurrency.
These recent events may indicate a resurgence of investor interest in the Solana ecosystem, contributing to the maintenance of the altcoin's current price appreciation. Over the course of the previous month, the price of SOL saw a significant increase of 77.70%, resulting in substantial profits for its investors.
Jeremy Allaire, the individual who had a significant role in the establishment of Circle and now serves as its Chief Executive Officer (CEO), provided insights into the increase of USDC transfers on the Solana blockchain during the month of November. Allaire said that the emergence of an ecosystem centered on USDC on the Solana blockchain is a positive and promising development.
#Solana📈🚀🌐 #SOLPriceAnalysis #crypto2023