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Is SUI on Track to Surpass SOL’s 2021 Historic Run? Key Insights Compared
Date: Tue, Nov 19, 2024, 05:33 AM GMT
In the cryptocurrency market, Solana (SOL) and Sui (SUI) stand out as major players in the layer-1 blockchain race. While Solana has already proven its potential with a groundbreaking 2021 run, Sui is now making waves with impressive growth this year. Both tokens have had a strong performance in 2024, with SUI leading the pack with a staggering 381% gain, compared to SOL's 138% surge.
Source: Coinmarketcap
SUI vs. SOL: A Comparison of Metrics
Prominent crypto analyst @CryptoBullet1 has broken down the numbers, offering an insightful comparison between SUI’s current growth and SOL’s 2021 historic rise. Here’s what the data reveals:
Source: @CryptoBullet1(X)
1.Market Cap Comparison
SUI’s Market Cap: At $10 billion, SUI is significantly larger than SOL was during its early 2021 growth phase, where SOL’s market cap was only $2.3 billion at a comparable point on the chart.Insight: SUI’s higher valuation signals strong investor confidence but also means it might face more resistance to exponential growth compared to SOL’s lighter structure back then.
2.Total Value Locked (TVL)
SUI’s TVL: $1.6 billion and growing fast.SOL’s TVL in 2021: Below $150 million at a similar stage in its chart.Insight: SUI is outpacing SOL in attracting decentralized finance (DeFi) activity, a critical metric of ecosystem strength and utility.
3.Impact of Bitcoin Dominance (BTC.D)
SOL in 2021: SOL’s price surge aligned with a 10% drop in Bitcoin dominance (BTC.D), indicating money flowing out of Bitcoin and into altcoins.SUI in 2024: SUI is defying the odds by rallying during a 5% increase in Bitcoin dominance, with its price climbing from $1 to $3.9.Insight: If Bitcoin dominance starts declining, SUI could potentially experience even stronger price momentum.
What Lies Ahead?
SUI has managed to carve its path while echoing elements of SOL’s 2021 run. Its ability to grow TVL faster and thrive despite rising Bitcoin dominance suggests strong underlying fundamentals. However, its higher market cap and the broader market conditions will ultimately determine whether it can truly outperform SOL’s legendary rise.
Final Thoughts
While SUI’s trajectory shows immense promise, cryptocurrency investments remain highly speculative and volatile. As always, do your due diligence and stay informed before making investment decisions.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
#SUI #Solana
In the cryptocurrency market, Solana (SOL) and Sui (SUI) stand out as major players in the layer-1 blockchain race. While Solana has already proven its potential with a groundbreaking 2021 run, Sui is now making waves with impressive growth this year. Both tokens have had a strong performance in 2024, with SUI leading the pack with a staggering 381% gain, compared to SOL's 138% surge.
Source: Coinmarketcap
SUI vs. SOL: A Comparison of Metrics
Prominent crypto analyst @CryptoBullet1 has broken down the numbers, offering an insightful comparison between SUI’s current growth and SOL’s 2021 historic rise. Here’s what the data reveals:
Source: @CryptoBullet1(X)
1.Market Cap Comparison
SUI’s Market Cap: At $10 billion, SUI is significantly larger than SOL was during its early 2021 growth phase, where SOL’s market cap was only $2.3 billion at a comparable point on the chart.Insight: SUI’s higher valuation signals strong investor confidence but also means it might face more resistance to exponential growth compared to SOL’s lighter structure back then.
2.Total Value Locked (TVL)
SUI’s TVL: $1.6 billion and growing fast.SOL’s TVL in 2021: Below $150 million at a similar stage in its chart.Insight: SUI is outpacing SOL in attracting decentralized finance (DeFi) activity, a critical metric of ecosystem strength and utility.
3.Impact of Bitcoin Dominance (BTC.D)
SOL in 2021: SOL’s price surge aligned with a 10% drop in Bitcoin dominance (BTC.D), indicating money flowing out of Bitcoin and into altcoins.SUI in 2024: SUI is defying the odds by rallying during a 5% increase in Bitcoin dominance, with its price climbing from $1 to $3.9.Insight: If Bitcoin dominance starts declining, SUI could potentially experience even stronger price momentum.
What Lies Ahead?
SUI has managed to carve its path while echoing elements of SOL’s 2021 run. Its ability to grow TVL faster and thrive despite rising Bitcoin dominance suggests strong underlying fundamentals. However, its higher market cap and the broader market conditions will ultimately determine whether it can truly outperform SOL’s legendary rise.
Final Thoughts
While SUI’s trajectory shows immense promise, cryptocurrency investments remain highly speculative and volatile. As always, do your due diligence and stay informed before making investment decisions.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
#SUI #Solana
🚨 $SOL /USDT ON THE MOVE: Ready to Target New Highs! 🚨
Solana ($SOL ) is gaining bullish momentum, trading at $245.59, with a 24-hour high of $248.44. Buyers are stepping in as SOL eyes higher resistance levels. The rally is heating up—get ready for potential fireworks! 🔥
🎯 Price Targets to Watch:
1. Target 1: $250 – Breaking this level could spark a short-term bullish surge.
2. Target 2: $260 – A key resistance that could validate a strong upward trend.
3. Target 3: $275 – A psychological milestone that could trigger massive interest.
📊 Technical Snapshot:
Support Levels: Immediate support at $241, with stronger backing near $228.
Moving Averages: SOL is trading above the MA(25) at $241.19 and MA(99) at $228.55, signaling strong bullish sentiment.
Volume: With 24-hour volume at 6.65M $SOL , interest is surging.
💡 Trading Insights:
For Bulls: Enter on a breakout above $248, targeting $260 and beyond.
For Bears: Watch for rejection at $250; a breakdown below $241 could lead to a retracement.
Stop Loss: Place at $231 to mitigate downside risk.
🚀 Solana is showing promising signs for another breakout—don’t miss this momentum!
#Solana #SOLPriceAction #CryptoTrading #BinanceSquareFamily #COSSocialFiRevolution
Solana ($SOL ) is gaining bullish momentum, trading at $245.59, with a 24-hour high of $248.44. Buyers are stepping in as SOL eyes higher resistance levels. The rally is heating up—get ready for potential fireworks! 🔥
🎯 Price Targets to Watch:
1. Target 1: $250 – Breaking this level could spark a short-term bullish surge.
2. Target 2: $260 – A key resistance that could validate a strong upward trend.
3. Target 3: $275 – A psychological milestone that could trigger massive interest.
📊 Technical Snapshot:
Support Levels: Immediate support at $241, with stronger backing near $228.
Moving Averages: SOL is trading above the MA(25) at $241.19 and MA(99) at $228.55, signaling strong bullish sentiment.
Volume: With 24-hour volume at 6.65M $SOL , interest is surging.
💡 Trading Insights:
For Bulls: Enter on a breakout above $248, targeting $260 and beyond.
For Bears: Watch for rejection at $250; a breakdown below $241 could lead to a retracement.
Stop Loss: Place at $231 to mitigate downside risk.
🚀 Solana is showing promising signs for another breakout—don’t miss this momentum!
#Solana #SOLPriceAction #CryptoTrading #BinanceSquareFamily #COSSocialFiRevolution
"Solana on the Brink of a $274 Surge, Says Veteran Analyst Peter Brandt"
Market veteran Peter Brandt has identified the next price target for Solana, citing a continuation of its swing uptrend pattern.
Read more on: https://thecryptobasic.com/2024/11/19/veteran-analyst-peter-brandt-says-solana-swing-can-push-prices-to-274/
#Solana #Crypto #CryptoNewsDaddy #CryptoNews🚀🔥" #CryptoNewsUSA
Read more on: https://thecryptobasic.com/2024/11/19/veteran-analyst-peter-brandt-says-solana-swing-can-push-prices-to-274/
#Solana #Crypto #CryptoNewsDaddy #CryptoNews🚀🔥" #CryptoNewsUSA
Is Solana Going To Dethrone Ethereum?
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Solana is turning heads in the crypto world, especially after its strong performance against Bitcoin. The SOL/BTC ratio recently broke out of a long consolidation phase, signaling a potential shift in market sentiment. On top of that, Solana’s blockchain activity is smashing records. Could this be the start of something big for Solana? Let’s dive in.
SOL/BTC Ratio Breaks Out After 8 Months:The SOL/BTC trading pair has been stuck in a holding pattern for months. Last week, though, it climbed by over 1%, breaking out of its triangular consolidation. For traders, this is a big deal. It suggests that the bulls are stepping in and could push Solana higher.
The technicals support this narrative too. The MACD histogram recently flipped above zero, which is a classic sign of growing momentum. It’s like the market is saying, “We’re ready for a move.” The question now is whether SOL can keep the momentum going.
DEX Volumes Are Skyrocketing: Beyond just charts, SOL is making waves on-chain. In the week leading up to November 17, Solana’s decentralized exchanges (DEXs) saw $41.6 billion in trading volume. That’s more than Ethereum, Base, and Binance Smart Chain combined! For context, Ethereum only managed $14.3 billion during that time.
Why is this happening? Retail traders seem to be flocking to Solana, especially for memecoin trading. This surge isn’t just hype. It shows SOL is ready to handle huge traffic volumes, giving it an edge over rivals. Even its DEX fees tell a story. Raydium, one of Solana’s top DEXs, generated $72.83 million in fees last week—beating Ethereum’s $67 million.
What’s Next for Solana?Solana is clearly stepping up, but can it replace Ethereum? That’s a tough call. Ethereum has a massive lead in developer support and ecosystem size. But SOL is faster, cheaper, and now proving it can handle retail demand. If it keeps up this pace, it’s going to keep pressuring Ethereum in ways that might surprise everyone.
Solana isn’t just riding a wave—it might be building a new one. Only time will tell if it’s enough to truly challenge the big players.
#Solana #SolanaProjects #MemeCoinSeason2024 #CryptoNews
Solana is turning heads in the crypto world, especially after its strong performance against Bitcoin. The SOL/BTC ratio recently broke out of a long consolidation phase, signaling a potential shift in market sentiment. On top of that, Solana’s blockchain activity is smashing records. Could this be the start of something big for Solana? Let’s dive in.
SOL/BTC Ratio Breaks Out After 8 Months:The SOL/BTC trading pair has been stuck in a holding pattern for months. Last week, though, it climbed by over 1%, breaking out of its triangular consolidation. For traders, this is a big deal. It suggests that the bulls are stepping in and could push Solana higher.
The technicals support this narrative too. The MACD histogram recently flipped above zero, which is a classic sign of growing momentum. It’s like the market is saying, “We’re ready for a move.” The question now is whether SOL can keep the momentum going.
DEX Volumes Are Skyrocketing: Beyond just charts, SOL is making waves on-chain. In the week leading up to November 17, Solana’s decentralized exchanges (DEXs) saw $41.6 billion in trading volume. That’s more than Ethereum, Base, and Binance Smart Chain combined! For context, Ethereum only managed $14.3 billion during that time.
Why is this happening? Retail traders seem to be flocking to Solana, especially for memecoin trading. This surge isn’t just hype. It shows SOL is ready to handle huge traffic volumes, giving it an edge over rivals. Even its DEX fees tell a story. Raydium, one of Solana’s top DEXs, generated $72.83 million in fees last week—beating Ethereum’s $67 million.
What’s Next for Solana?Solana is clearly stepping up, but can it replace Ethereum? That’s a tough call. Ethereum has a massive lead in developer support and ecosystem size. But SOL is faster, cheaper, and now proving it can handle retail demand. If it keeps up this pace, it’s going to keep pressuring Ethereum in ways that might surprise everyone.
Solana isn’t just riding a wave—it might be building a new one. Only time will tell if it’s enough to truly challenge the big players.
#Solana #SolanaProjects #MemeCoinSeason2024 #CryptoNews
📣 Is #Solana Set For A Bullish Breakout? Analysts Eye $500
Solana (#SOL ) is trending among traders as its chart shows Cup and Handle formation, confirming the bullish breakout.
This technical structure was developed in the latter part of 2021 when the previous trading cycle was still active.
SOL price went under $10 in the following bear market. It bounced back in 2023 and rose to its present value.
Currently, SOL is trading at $216. That is 6% higher than the price 7 days ago, and 38% higher then the price from a week ago.
Experts believe this chart pattern may take the token to between $400 and $500 levels. This is s seen as a significant improvement.
The cup and handle formation on long-term charts has always worked as a bullish signal for the markets in the past.
🔸 Staked SOL Value Exceeds $81 Billion
Staking metrics also show that the confidence in Solana’s market has not been eroded, in fact, It is stronger than before.
According to Dune analytics, the total value of the staked SOL is greater than $81 Billion with roughly 407 million SOL tokens held in staking contracts.
Staking lessens the circulation of tokens and removes them from the market for a fixed period, a measure that helps to stabilize the market.
Consequently, it suggests that SOL can support price stability and growth. More so, there has been increased activity on the Solana ecosystem, primarily in the memecoin space.
Experts highlighted that the daily trading volumes of Solana network memecoins have risen to $1 Billion. The emergence of memecoins shows that use cases for tokens in the Solana network have broadened.
A higher turnover is generally considered to be directly proportional to the improved blockchain performance, which supports the optimism with regards to the token’s price movement.
🔸 Short-Term and Long-Term Perspectives on Solana
Short-term trends suggest a more conservative future for Solana. Moving to the hourly chart, technical analysts pointed out a bullish channel, which indicates an uptrend towards $260 in the shorter term.
Solana (#SOL ) is trending among traders as its chart shows Cup and Handle formation, confirming the bullish breakout.
This technical structure was developed in the latter part of 2021 when the previous trading cycle was still active.
SOL price went under $10 in the following bear market. It bounced back in 2023 and rose to its present value.
Currently, SOL is trading at $216. That is 6% higher than the price 7 days ago, and 38% higher then the price from a week ago.
Experts believe this chart pattern may take the token to between $400 and $500 levels. This is s seen as a significant improvement.
The cup and handle formation on long-term charts has always worked as a bullish signal for the markets in the past.
🔸 Staked SOL Value Exceeds $81 Billion
Staking metrics also show that the confidence in Solana’s market has not been eroded, in fact, It is stronger than before.
According to Dune analytics, the total value of the staked SOL is greater than $81 Billion with roughly 407 million SOL tokens held in staking contracts.
Staking lessens the circulation of tokens and removes them from the market for a fixed period, a measure that helps to stabilize the market.
Consequently, it suggests that SOL can support price stability and growth. More so, there has been increased activity on the Solana ecosystem, primarily in the memecoin space.
Experts highlighted that the daily trading volumes of Solana network memecoins have risen to $1 Billion. The emergence of memecoins shows that use cases for tokens in the Solana network have broadened.
A higher turnover is generally considered to be directly proportional to the improved blockchain performance, which supports the optimism with regards to the token’s price movement.
🔸 Short-Term and Long-Term Perspectives on Solana
Short-term trends suggest a more conservative future for Solana. Moving to the hourly chart, technical analysts pointed out a bullish channel, which indicates an uptrend towards $260 in the shorter term.
Solana bull benefited that altcoin: JUP exceeded 2 billion TVL.
Jupiter (JUP), one of the most active decentralized exchanges in the Solana ecosystem, has grown along with the memecoin craze.
As the crypto market continues to be active, investor interest has shifted to decentralized exchanges. Traders are using decentralized exchanges to find potential memecoins. This activity has been a lifeline for #Jupiter , one of the most popular decentralized exchanges on the #Solana network.
Hosting an average transaction volume of $400 million, Jupiter has reached a total locked asset (TVL) of over $2 billion.
AMBCrypto stated that the JUP price has potential to rise. In the prepared analysis, the price levels that need to be broken for an uptrend were evaluated.
Jupiter (JUP) analysis
Jupiter (JUP), which is in the Solana ecosystem, has increased by nearly 10 percent in recent days with increasing transaction frequency and investor interest.
According to AMBCrypto’s analysis, JUP gained upward momentum by breaking the descending triangle formation and exceeding $2 billion TVL. Another factor shaping bullish expectations was social dominance. While Jupiter’s popularity increased, liquidation data pointed to investor interest.
JUP price touched $1.3233 the other day, but failed to hold on. The popular altcoin fell to $1.20 during the day. Bollinger Bans (BB) on the JUP chart signaled increased price volatility.
JUP may retest the $1.27 resistance with strong buying activity. If this resistance level is broken and maintained, the price is expected to move to the $1.78 resistance.
The analysis included the following;
“The Relative Strength Index (RSI) reached 70, reflecting intense buying pressure, while also warning that the asset poses excessive risk in the short term.”
AMBCrypto, who predicted that JUP would reach the $1.78 resistance, stated that short-term pullbacks would be considered normal.
On the other hand, if the $JUP price cannot overcome the $1.27 resistance, it may pull back to $1.
Jupiter (JUP), one of the most active decentralized exchanges in the Solana ecosystem, has grown along with the memecoin craze.
As the crypto market continues to be active, investor interest has shifted to decentralized exchanges. Traders are using decentralized exchanges to find potential memecoins. This activity has been a lifeline for #Jupiter , one of the most popular decentralized exchanges on the #Solana network.
Hosting an average transaction volume of $400 million, Jupiter has reached a total locked asset (TVL) of over $2 billion.
AMBCrypto stated that the JUP price has potential to rise. In the prepared analysis, the price levels that need to be broken for an uptrend were evaluated.
Jupiter (JUP) analysis
Jupiter (JUP), which is in the Solana ecosystem, has increased by nearly 10 percent in recent days with increasing transaction frequency and investor interest.
According to AMBCrypto’s analysis, JUP gained upward momentum by breaking the descending triangle formation and exceeding $2 billion TVL. Another factor shaping bullish expectations was social dominance. While Jupiter’s popularity increased, liquidation data pointed to investor interest.
JUP price touched $1.3233 the other day, but failed to hold on. The popular altcoin fell to $1.20 during the day. Bollinger Bans (BB) on the JUP chart signaled increased price volatility.
JUP may retest the $1.27 resistance with strong buying activity. If this resistance level is broken and maintained, the price is expected to move to the $1.78 resistance.
The analysis included the following;
“The Relative Strength Index (RSI) reached 70, reflecting intense buying pressure, while also warning that the asset poses excessive risk in the short term.”
AMBCrypto, who predicted that JUP would reach the $1.78 resistance, stated that short-term pullbacks would be considered normal.
On the other hand, if the $JUP price cannot overcome the $1.27 resistance, it may pull back to $1.
🚀 Can Solana (SOL) Hit $500 by End of 2024? Here's Why Bulls Are Optimistic! 🌟📈
Solana's price has shattered the $241 resistance, setting its sights on $291 and beyond. With a growing ecosystem and institutional interest, could $500 be the next stop for SOL? Here's what you need to know:
🔥 Key Drivers Behind SOL’s Surge:
• DEX Boom: Solana’s Raydium recorded daily volumes of $3.93B, outpacing Ethereum’s Uniswap ($1.45B).
• Meme Coin Mania: Platforms like pump.fun fuel a frenzy, with tokens like $PNUT skyrocketing 5,099% since launch. 🚀
• Institutional Momentum: Solana's 6% weight in Coinbase’s COIN50 index is attracting funds and ETFs.
💡 Why $500 Is Possible:
1️⃣ Scalability & Speed: Solana’s efficiency outshines Ethereum, making it a top pick for developers and investors.
2️⃣ Regulatory Clarity: Robinhood and Coinbase’s moves signal confidence in Solana’s future.
3️⃣ Institutional Entry: Anchorage Digital CEO predicts mainstream adoption via wealth management platforms.
Ecosystem Strength:
• 4,514 validators ensure decentralization and resilience.
• ZK compression and Firedancer advancements promise lower costs and scalability.
• Over 10,000 participants in the Solana Hackathon show rising developer interest.
💬 Do you think SOL will hit $500 this year? Or is $350-$400 more realistic? Share your thoughts below!
#Solana #SOL #CryptoRally #MemeCoins #BlockchainInnovation $SOL
Solana's price has shattered the $241 resistance, setting its sights on $291 and beyond. With a growing ecosystem and institutional interest, could $500 be the next stop for SOL? Here's what you need to know:
🔥 Key Drivers Behind SOL’s Surge:
• DEX Boom: Solana’s Raydium recorded daily volumes of $3.93B, outpacing Ethereum’s Uniswap ($1.45B).
• Meme Coin Mania: Platforms like pump.fun fuel a frenzy, with tokens like $PNUT skyrocketing 5,099% since launch. 🚀
• Institutional Momentum: Solana's 6% weight in Coinbase’s COIN50 index is attracting funds and ETFs.
💡 Why $500 Is Possible:
1️⃣ Scalability & Speed: Solana’s efficiency outshines Ethereum, making it a top pick for developers and investors.
2️⃣ Regulatory Clarity: Robinhood and Coinbase’s moves signal confidence in Solana’s future.
3️⃣ Institutional Entry: Anchorage Digital CEO predicts mainstream adoption via wealth management platforms.
Ecosystem Strength:
• 4,514 validators ensure decentralization and resilience.
• ZK compression and Firedancer advancements promise lower costs and scalability.
• Over 10,000 participants in the Solana Hackathon show rising developer interest.
💬 Do you think SOL will hit $500 this year? Or is $350-$400 more realistic? Share your thoughts below!
#Solana #SOL #CryptoRally #MemeCoins #BlockchainInnovation $SOL
sky33-BTC:
格局小了，看到1000u
🚀 $SOL /USDT: Preparing for the Next Big Move! 🚀
Solana ($SOL ) is showing impressive strength, currently trading at $234.63 with a 7.83% gain in the last 24 hours. With momentum building, traders should keep a close eye on key levels as $SOL positions itself for another breakout.
Key Levels to Watch:
🔼 Target 1: $242.33 – Breaking this recent high could push SOL into a new bullish leg.
🔼 Target 2: $250.00 – A psychological milestone that could attract strong buying interest.
🔼 Target 3: $260.00 – A potential mid-term resistance if momentum sustains.
📉 Support Levels: $232.64 (25 MA) and $219.49 (99 MA) – Crucial zones to maintain bullish sentiment.
Why SOL Is Gaining Attention:
Volume Surge: Increased 24-hour volume signals strong investor interest.
Technical Strength: SOL's price has successfully bounced off its support, forming a bullish continuation pattern.
💡 Trader Tip: Watch for a confirmed breakout above $242.33 with strong volume for an optimal entry. Setting stop-loss below $232.76 ensures risk management.
Will Solana hit $260 soon? The chart signals it might! Stay ahead and seize the opportunity.
#Solana #SOL #CryptoSignals #TradingAlerts #BinanceSquareFamily
Solana ($SOL ) is showing impressive strength, currently trading at $234.63 with a 7.83% gain in the last 24 hours. With momentum building, traders should keep a close eye on key levels as $SOL positions itself for another breakout.
Key Levels to Watch:
🔼 Target 1: $242.33 – Breaking this recent high could push SOL into a new bullish leg.
🔼 Target 2: $250.00 – A psychological milestone that could attract strong buying interest.
🔼 Target 3: $260.00 – A potential mid-term resistance if momentum sustains.
📉 Support Levels: $232.64 (25 MA) and $219.49 (99 MA) – Crucial zones to maintain bullish sentiment.
Why SOL Is Gaining Attention:
Volume Surge: Increased 24-hour volume signals strong investor interest.
Technical Strength: SOL's price has successfully bounced off its support, forming a bullish continuation pattern.
💡 Trader Tip: Watch for a confirmed breakout above $242.33 with strong volume for an optimal entry. Setting stop-loss below $232.76 ensures risk management.
Will Solana hit $260 soon? The chart signals it might! Stay ahead and seize the opportunity.
#Solana #SOL #CryptoSignals #TradingAlerts #BinanceSquareFamily
Solana OI nears $5 million. Is new ATH on a horizon?
Solana’s price rally has brought it close to forming a new all-time high, stirring optimism among traders and investors. The altcoin’s upward momentum reflects heightened market activity, but challenges remain as Solana struggles to breach critical resistance levels.
Solana traders exhibit strong optimism, with the asset’s Futures Open Interest (OI) reaching a record $4.7 billion. This surge highlights increasing confidence among traders as they pour significant capital into $SOL amid its ongoing rally. With OI nearing $5 billion, Solana is experiencing a notable rise in market participation, reflecting heightened anticipation for further gains.
However, this growing OI highlights a divergence between expectations and current price movement. While traders are heavily investing, Solana’s price has yet to break past critical resistance levels. This contrast between open interest and price action raises questions about whether the bullish momentum can sustain itself or lead to a #correction .
From a technical perspective, Solana’s Relative Strength Index (RSI) indicates overbought conditions, sitting well above the neutral range. Also, Solana’s macro momentum remains strong, driven by broader market cues and increased adoption. These factors contribute to the asset’s resilience, but the overbought conditions warrant caution. Investors will need to monitor whether #Solana can maintain its upward trajectory or succumb to market pressures.
However, mixed signals from market sentiment and technical #Indicators suggest potential difficulties in overcoming $245. A failure to break through could send Solana down to $221 or lower, testing investor confidence.
Solana traders exhibit strong optimism, with the asset’s Futures Open Interest (OI) reaching a record $4.7 billion. This surge highlights increasing confidence among traders as they pour significant capital into $SOL amid its ongoing rally. With OI nearing $5 billion, Solana is experiencing a notable rise in market participation, reflecting heightened anticipation for further gains.
However, this growing OI highlights a divergence between expectations and current price movement. While traders are heavily investing, Solana’s price has yet to break past critical resistance levels. This contrast between open interest and price action raises questions about whether the bullish momentum can sustain itself or lead to a #correction .
From a technical perspective, Solana’s Relative Strength Index (RSI) indicates overbought conditions, sitting well above the neutral range. Also, Solana’s macro momentum remains strong, driven by broader market cues and increased adoption. These factors contribute to the asset’s resilience, but the overbought conditions warrant caution. Investors will need to monitor whether #Solana can maintain its upward trajectory or succumb to market pressures.
However, mixed signals from market sentiment and technical #Indicators suggest potential difficulties in overcoming $245. A failure to break through could send Solana down to $221 or lower, testing investor confidence.
Ethereum’s revenues had been floating at low levels with occasional spikes since March 2024 when we saw a peak over $35M.
#Ethereum ’s low revenues indicate a broader shift in demand across the market towards Solana, which had seen increased revenues over the same period, with majority of funds coming from high-volume meme coin trading. #Solana ’s revenues shot over $9M last week.
$ETH $SOL
#Ethereum ’s low revenues indicate a broader shift in demand across the market towards Solana, which had seen increased revenues over the same period, with majority of funds coming from high-volume meme coin trading. #Solana ’s revenues shot over $9M last week.
$ETH $SOL
💥 #Solana ($SOL ) is on the rise! 📈
Current Price: $242.92 (+3.46%) in the last 4 hours.
24h Range: $229.40 - $248.44
Weekly Gain: +14.40% 📊
Monthly Surge: +55.63% 🚀
Solana is showing strong bullish momentum with solid buying interest. The recent surge hints at a positive outlook for the weeks ahead. Can $SOL maintain this upward trend?
Stay tuned! 🔥
#BinancePoolFractalBitcoin #SOLMarketMove #AqibAlpha #Write2Earn!
Current Price: $242.92 (+3.46%) in the last 4 hours.
24h Range: $229.40 - $248.44
Weekly Gain: +14.40% 📊
Monthly Surge: +55.63% 🚀
Solana is showing strong bullish momentum with solid buying interest. The recent surge hints at a positive outlook for the weeks ahead. Can $SOL maintain this upward trend?
Stay tuned! 🔥
#BinancePoolFractalBitcoin #SOLMarketMove #AqibAlpha #Write2Earn!
Is Solana Going To Dethrone Ethereum?
Turn Your $100 USDT into $3,000 USDT, Confirmed 30X Profit from AIG #MEME Token. 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30. Pre-Sale Is Live, Join the Pre-sale and Airdrop at the Official Website ➯PlayAiGames.online
Solana is turning heads in the crypto world, especially after its strong performance against Bitcoin. The SOL/BTC ratio recently broke out of a long consolidation phase, signaling a potential shift in market sentiment. On top of that, Solana’s blockchain activity is smashing records. Could this be the start of something big for Solana? Let’s dive in.
SOL/BTC Ratio Breaks Out After 8 Months:The SOL/BTC trading pair has been stuck in a holding pattern for months. Last week, though, it climbed by over 1%, breaking out of its triangular consolidation. For traders, this is a big deal. It suggests that the bulls are stepping in and could push Solana higher.
The technicals support this narrative too. The MACD histogram recently flipped above zero, which is a classic sign of growing momentum. It’s like the market is saying, “We’re ready for a move.” The question now is whether SOL can keep the momentum going.
DEX Volumes Are Skyrocketing: Beyond just charts, SOL is making waves on-chain. In the week leading up to November 17, Solana’s decentralized exchanges (DEXs) saw $41.6 billion in trading volume. That’s more than Ethereum, Base, and Binance Smart Chain combined! For context, Ethereum only managed $14.3 billion during that time.
Why is this happening? Retail traders seem to be flocking to Solana, especially for memecoin trading. This surge isn’t just hype. It shows SOL is ready to handle huge traffic volumes, giving it an edge over rivals. Even its DEX fees tell a story. Raydium, one of Solana’s top DEXs, generated $72.83 million in fees last week—beating Ethereum’s $67 million.
#Solana #SolanaProjects #MemeCoinSeason2024 #CryptoNews
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Solana is turning heads in the crypto world, especially after its strong performance against Bitcoin. The SOL/BTC ratio recently broke out of a long consolidation phase, signaling a potential shift in market sentiment. On top of that, Solana’s blockchain activity is smashing records. Could this be the start of something big for Solana? Let’s dive in.
SOL/BTC Ratio Breaks Out After 8 Months:The SOL/BTC trading pair has been stuck in a holding pattern for months. Last week, though, it climbed by over 1%, breaking out of its triangular consolidation. For traders, this is a big deal. It suggests that the bulls are stepping in and could push Solana higher.
The technicals support this narrative too. The MACD histogram recently flipped above zero, which is a classic sign of growing momentum. It’s like the market is saying, “We’re ready for a move.” The question now is whether SOL can keep the momentum going.
DEX Volumes Are Skyrocketing: Beyond just charts, SOL is making waves on-chain. In the week leading up to November 17, Solana’s decentralized exchanges (DEXs) saw $41.6 billion in trading volume. That’s more than Ethereum, Base, and Binance Smart Chain combined! For context, Ethereum only managed $14.3 billion during that time.
Why is this happening? Retail traders seem to be flocking to Solana, especially for memecoin trading. This surge isn’t just hype. It shows SOL is ready to handle huge traffic volumes, giving it an edge over rivals. Even its DEX fees tell a story. Raydium, one of Solana’s top DEXs, generated $72.83 million in fees last week—beating Ethereum’s $67 million.
#Solana #SolanaProjects #MemeCoinSeason2024 #CryptoNews
Insane Solana Whale Move Alert!
Initial: 7 $SOL ($1,690) ➡️ 40.72M BUCK
Sold: 28.72M BUCK for $1.06M profit
Still Holding: 12M BUCK ($671K)
ROI: 1,023x in days!
Key Stats:
• Entry: $1.69K
• Current Value: $1.73M
• $BUCK pump: +350,000%
Wild gains in #Solana season!
#SOL #BUCK #whalealert
Initial: 7 $SOL ($1,690) ➡️ 40.72M BUCK
Sold: 28.72M BUCK for $1.06M profit
Still Holding: 12M BUCK ($671K)
ROI: 1,023x in days!
Key Stats:
• Entry: $1.69K
• Current Value: $1.73M
• $BUCK pump: +350,000%
Wild gains in #Solana season!
#SOL #BUCK #whalealert
$SOL Fam, Are We Popping Champagne Yet? 🥂🚀
SOL is flexing HARD right now! 💪 Up 10% since our last post, rocketing from $215.27 to nearly $240. Zoom out, and it's up 50% in the past 30 days—leaving #ETH in the dust (sorry, $ETH fam, but 17% doesn’t even come close 🙃). Oh, and did we mention #SOL is just 8% shy of an all-time high? Let’s gooo! 🎉
But it’s not just about price action. SOL’s fundamentals are on fire too:
✅ TVL? $8 billion—its highest all year. 🔥
✅ Daily transactions? 50.4 million—another YTD high. 📈
✅ Average daily users? Up 5x since August, now over 6 million. 😲
SOL fam, this could shape up to be the best year ever—and it’s not even done yet. Is it champagne o’clock already, or are we saving it for that all-time high? Either way, it’s looking bubbly! 🥂✨ #Altcoins #Solana
SOL is flexing HARD right now! 💪 Up 10% since our last post, rocketing from $215.27 to nearly $240. Zoom out, and it's up 50% in the past 30 days—leaving #ETH in the dust (sorry, $ETH fam, but 17% doesn’t even come close 🙃). Oh, and did we mention #SOL is just 8% shy of an all-time high? Let’s gooo! 🎉
But it’s not just about price action. SOL’s fundamentals are on fire too:
✅ TVL? $8 billion—its highest all year. 🔥
✅ Daily transactions? 50.4 million—another YTD high. 📈
✅ Average daily users? Up 5x since August, now over 6 million. 😲
SOL fam, this could shape up to be the best year ever—and it’s not even done yet. Is it champagne o’clock already, or are we saving it for that all-time high? Either way, it’s looking bubbly! 🥂✨ #Altcoins #Solana
LIVE
Silentrocket
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It might be a tad early to declare 2024 as the “Year of $SOL ,” but hey, with only 1.5 months left, things are looking pretty legendary for the #SOL fans out there! 🌞
For starters, SOL’s price has skyrocketed over 100% since January, and TVL’s not just up—it’s chilling at a solid $7.7 billion. Plus, SOL’s daily users and transactions are giving everyone else serious FOMO, with over 5 million transactions each day! ✈️🌈
And here’s the real kicker: for the first time in history, SOL’s DEX trading volume has crossed $5 billion a day for three straight days. 🤯🐎 Yep, three straight days of big moves. Not too shabby, right? 😎
SOL fam, looks like it’s shaping up to be your best year yet, with even brighter ones on the way. 🌞😎 So tell us—which SOL stat this year has you the most hyped? 🧐 DYOR! #Solana #Altcoins
For starters, SOL’s price has skyrocketed over 100% since January, and TVL’s not just up—it’s chilling at a solid $7.7 billion. Plus, SOL’s daily users and transactions are giving everyone else serious FOMO, with over 5 million transactions each day! ✈️🌈
And here’s the real kicker: for the first time in history, SOL’s DEX trading volume has crossed $5 billion a day for three straight days. 🤯🐎 Yep, three straight days of big moves. Not too shabby, right? 😎
SOL fam, looks like it’s shaping up to be your best year yet, with even brighter ones on the way. 🌞😎 So tell us—which SOL stat this year has you the most hyped? 🧐 DYOR! #Solana #Altcoins
🚀 $SOL Breaks Resistance – A Bullish Surge or Correction? 🔥
$SOL is trading at $232.10, showing a +6.61% increase. After testing $242.33 resistance, the market faces potential reversal or a breakout continuation.
📊 Key Levels to Watch:
🔼 Resistance: $242.33 – Breaking above could target $250 and $260.
🔽 Support: $227.00 – Holding here is critical; failure may lead to $SOL .
🎯 Trade Plan:
Long Entry: Above $242.50
Targets: $250 | $260
Stop Loss: $229.00
Short Entry: Below $227.00
Targets: $218 | $210
Stop Loss: $235.00
🔥 Market Outlook: SOL is consolidating with a bullish bias. Eyes on volume for confirmation of the next move! 📈
#Solana #SOL #Crypto #TradingSignals #AltcoinStars
$SOL is trading at $232.10, showing a +6.61% increase. After testing $242.33 resistance, the market faces potential reversal or a breakout continuation.
📊 Key Levels to Watch:
🔼 Resistance: $242.33 – Breaking above could target $250 and $260.
🔽 Support: $227.00 – Holding here is critical; failure may lead to $SOL .
🎯 Trade Plan:
Long Entry: Above $242.50
Targets: $250 | $260
Stop Loss: $229.00
Short Entry: Below $227.00
Targets: $218 | $210
Stop Loss: $235.00
🔥 Market Outlook: SOL is consolidating with a bullish bias. Eyes on volume for confirmation of the next move! 📈
#Solana #SOL #Crypto #TradingSignals #AltcoinStars