Solana

Get Solana (SOL) all time high price, historical charts, latest news and other information.

Cardano ended a four-day losing streak on Friday, as markets responded to the latest U.S. nonfarm payrolls (NFP) report. Payrolls in May rose to 339,000, which was significantly higher than the expected sum of 190,000. Solana collided with a key resistance level in today’s session.
Cardano (ADA)
Cardano (ADA) was one of Friday’s notable gainers, as the token snapped a key resistance level.
ADA/USD rose by as much as 3% in today’s session, hitting an intraday high of $0.3777 as a result.
This rally resulted in the 10-day (red) moving average crossing over its 25-day (blue) counterpart.

Typically such an upwards crossover signals the start of a bull run, and it comes as the relative strength index (RSI) also rose considerably.
At the time of writing, the index is tracking at 50.91, which is marginally below a resistance level at 52.00.
In the event this ceiling is broken, there is a strong chance that ADA will move towards the $0.3800 mark.

Solana (SOL)
Solana (SOL) also climbed higher in today’s session, with prices colliding with a key resistance level in the process.
Following a low of $20.38 on Thursday, SOL/USD surged to a peak at $21.30 earlier in the day.
Since hitting the aforementioned ceiling at $21.30, momentum has somewhat weakened, due to bulls securing earlier gains.

Another reason for this is that the RSI is close to a resistance level of its own at 55.00, leading traders to act more tentatively.
The index is currently tracking at 53.64, and should it eventually cross the hard line at 55.00, bullish pressure will likely increase.
Some may expect this to happen over the weekend, as traders continue to digest today’s economic data.
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Could solana move above $22.00 this coming weekend? Let us know your thoughts in the comments.



Cardano ended a four-day losing streak on Friday, as markets responded to the latest U.S. nonfarm payrolls (NFP) report. Payrolls in May rose to 339,000, which was significantly higher than the expected sum of 190,000. Solana collided with a key resistance level in today&#x2019;s session. Cardano...

news.bitcoin.com

Biggest Movers: ADA Snaps Losing Streak as Nonfarm Payrolls Beat Expectations

A widely followed crypto strategist is warning traders that one major Ethereum (ETH) rival is about to plummet.
Pseudonymous analyst Altcoin Sherpa tells his 195,700 Twitter followers that Solana (SOL) could see a more than 30% decline from its current value.

According to Sherpa, Solana’s volume profile shows a risk of a major collapse. Looking at his chart, the next high volume price level on the downside is around the $14 to $15 range, which it last traded for in January 2023.
“SOL: EMAs (exponential moving averages) all doing ok on the 1-day but this is at a scary spot. If this area falls, price is probably headed to the $14-$15 area. Still not really a fan of this chart as of now. (I do think that SOL will be fine long term and should be a decent bet given the community).” 
Source: Altcoin Sherpa/Twitter
Solana is trading for $20.70 at time of writing, up 0.1% during the past 24 hours.
Next Sherpa, predicts that Bitcoin (BTC) is on the verge of a dip down to at least the $25,000 level, or even lower to the $23,000 level.
“BTC Update: I still think $25,000 has too much confluence to not get tapped. I’m still waiting for the next low to form as well. Past lows have shown a shakeout to start it, let’s see if we make it to $23,000 or so.”
In a new strategy session video, Sherpa expands on his thesis, noting several indicators are pointing to a $25,000 BTC level, including the 200-week EMA, the support and resistance level (SR) and the .382 Fibonacci level.
“This $25,000 level would make a lot of sense to me personally. And the reason is that it’s the 200-week EMA, S/R (support/resistance) level here and as we scale down to the daily it’s also the 200-day EMA as well. And it’s also the .382 [Fibonacci]… 
There’s just a lot of confluence here with $25,000.” 
He predicts that the momentum of breaking support levels will likely cause Bitcoin to dip lower than $25,000, down to $23,000 before reclaiming the $25,000 level as support.
Bitcoin is trading for $26,823 at time of writing, down 0.8% during the last 24 hours.

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The post Top Crypto Trader Predicts One Ethereum Rival Will Plummet by Over 30%, Says Bitcoin Also Headed Lower appeared first on The Daily Hodl.


A widely followed crypto strategist is warning traders that one major Ethereum (ETH) rival is about to plummet. Pseudonymous analyst Altcoin Sherpa tells his 195,700 Twitter followers that Solana (SOL) could see a more than 30% decline from its current value. According to Sherpa, Solana’s volume ...

dailyhodl.com

Top Crypto Trader Predicts One Ethereum Rival Will Plummet by Over 30%, Says Bitcoin Also Headed Lower

Universal’s U-turn on AI music won’t please Ice Cube, former MOMA curator collects fine art on Solana, Edge of NFT podcast + Crypto Titans.

cointelegraph.com

BitCulture: Fine art on Solana, AI music, podcast + book reviews

A popular crypto trader who has remained bearish on the digital asset markets this year is doubling down on his predictions and adding more to his short position on one large-cap token.
The pseudonymous trader Capo tells his 64,703 Telegram subscribers that he’s adding to his existing short on Polygon (MATIC), an Ethereum (ETH) scaling solution.

MATIC is trading at around $0.903 at time of writing. The 11th-ranked crypto asset by market cap is down 0.55% in the past 24 hours.
Capo notes that his current positioning is 65% in the US dollar and 35% in mid-term short positions.
Besides MATIC, he’s also shorting Binance Coin (BNB), the utility token of the BNB Smart Chain, the lending and borrowing decentralized finance (DeFi) protocol Aave (AAVE), decentralized storage and distribution platform Tron (TRX), and the Ethereum competitor Solana (SOL).
Earlier this month, the trader predicted Bitcoin (BTC) was destined to plummet to $12,000, while ETH could crash by well over 70%. He argues that the bear market hasn’t ended yet and BTC’s recent rally from $15,700 to $30,000 was nothing more than a retracement, which has now come to an end.
Capo is known in crypto circles for correctly predicting last May that Bitcoin would continue to plunge lower.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney
The post Crypto Bear Doubles Down Again, Goes Short on Polygon (MATIC), Solana (SOL), Aave and More appeared first on The Daily Hodl.


A popular crypto trader who has remained bearish on the digital asset markets this year is doubling down on his predictions and adding more to his short position on one large-cap token. The pseudonymous trader Capo tells his 64,703 Telegram subscribers that he&#8217;s adding to his existing short...

Crypto Bear Doubles Down Again, Goes Short on Polygon (MATIC), Solana (SOL), Aave and More

Solana (SOL) co-founder Raj Gokal is bullish on the prospects of the layer-1 Ethereum (ETH)-rival over the long term.
Gokal tells TechCrunch+ that Solana could become as dominant in the crypto space as Apple is in the consumer electronics industry.

“Solana has the potential to be the Apple of crypto.
I think about Apple, having worked for close to a decade on latency for touchscreens to allow for the iPhone to come out and it just felt like magic.
There were a lot of things to be built on top of that platform to get the iPhone and App Store and app ecosystem to where it is today. But it all started with one relentless focus on a simple interaction that had to work perfectly.”
According to Gokal, Solana’s engineering team and the ecosystem is placing an Apple-like focus on user experience and performance to ensure that the network “feels like the regular internet, when it’s an entirely new financial internet.”
The Solana co-founder says that going forward, the layer-1 blockchain will focus on growth.
“The core thesis is going to be [focused on] new businesses, new projects, independent developers. We are still in an ecosystem and a community that is optimistic about what two developers in a garage can do.”
On the Solana blockchain-based smartphone which was launched last month, Gokal says that it will assist more people access crypto products and services without having to use a computer.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney
The post Solana Has Potential To Be the ‘Apple’ of Crypto, According to SOL Co-Founder Raj Gokal appeared first on The Daily Hodl.


Solana (SOL) co-founder Raj Gokal is bullish on the prospects of the layer-1 Ethereum (ETH)-rival over the long term. Gokal tells TechCrunch+ that Solana could become as dominant in the crypto space as Apple is in the consumer electronics industry. “Solana has the potential to be the Apple of cry...

Solana price	$21.14
Low - High 24H	$21.06 - $21.34
Market cap	$8.39B
Volume 24H	$178.69M
All time high	$259.96 -91.87% November 6th 2021
All time low	$0.500801 4117.91% May 11th 2020
Genesis date	N/A

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