Solana

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

Friktion is urging its customers to withdraw assets from the protocol, as the front-end shuts down. 

cointelegraph.com

Solana DeFi project Friktion shuts down its user platform


Crypto markets are in the red today, but not for Polygon, whose MATIC coin is surging. It has now flipped Solana for a crypto top ten position.  



Polygon is now a top ten crypto asset in terms of market capitalization, which is $9.7 billion. The Ethereum layer-2 scaling network has gone from strength to strength this year.



According to Token Terminal, daily active users on Polygon have surpassed those on Ethereum. BNB Chain is the top blockchain for daily active users, with almost 800,000, according to the chart.



However, Polygon is now second with 340,000, just eclipsing Ethereum’s 320,000. Polygonscan confirms the uptick in daily active chain addresses reporting closer to 400,000. Furthermore, the metric has increased by 21% over the past two weeks.



Etherscan confirms that there were 341,000 active Ethereum addresses on Jan. 26.




WOW @0xPolygon just overtook Ethereum in daily active users @sandeepnailwal imagine being bearish on $MATIC  pic.twitter.com/MgqXDqgK8e— Zack  Chief Alpha Officer (@btc_zack) January 26, 2023




Polygon On-chain Activity Up



Total value locked on Polygon DeFI has also increased since the beginning of the year. TVL on the network is currently $1.28 billion, according to DeFiLlama. This represents a gain of almost 20% since Jan. 1.



AAVE is the leading platform on Polygon, with a market share of 25%. Furthermore, Polygon is the fourth largest DeFi ecosystem behind Ethereum, BNB Chain, and TRON. It has 80% more collateral locked than Solana.




TVL on @0xPolygon has risen from $994M to $1.2B over the last 30 days. pic.twitter.com/mPqBvuAsiT— Narb (@NarbTrading) January 26, 2023




The network currently processes around 3 million transactions per day, according to Polygonscan. Comparatively, Ethereum’s is about a third of that at 1 million. The Bitcoin network processes around 300,000 transactions per day.



On Jan. 26, Polygon partnered with Arkham intelligence, a blockchain analytics company. On Jan. 20, it partnered with BitGo to provide staking capabilities for MATIC holders.



On Jan. 17, Polygon announced that it had successfully completed the Delhi hard fork, which is designed to reduce gas fees and address chain reorganization.



Price Outlook



The bullish on-chain activity has been reflected in MATIC’s price momentum. As a result, the coin climbed 8.7% on the day to reach $1.09 at the time of press. Remarkably, MATIC is moving in the opposite direction to the rest of the crypto market, which has declined slightly.



MATIC/USD price one month – BeInCrypto



MATIC is made 14% over the past week, breaking the psychological $1 barrier two weeks ago for the first time since November. Since the beginning of the year, it has made an impressive 45% gain.



However, MATIC prices are still down 63% from their December 2021 all-time high of $2.92.
The post Polygon Flips Ethereum for Daily Active Addresses as MATIC Price Surges 10% appeared first on BeInCrypto.


Crypto markets are in the red today, but not for Polygon, whose MATIC coin is surging. It has now flipped Solana for a crypto top ten position.   
The post Polygon Flips Ethereum for Daily Active Addresses as MATIC Price Surges 10% appeared first on BeInCrypto.


beincrypto.com

Polygon Flips Ethereum for Daily Active Addresses as MATIC Price Surges 10%

Solana continues to perform despite a decline in the buying volume, booking a 6% increase in the past 24h.
Key Support levels: $20
Key Resistance levels: $27
The resistance at $27 is keeping bulls in check. They have been rejected at that level on Saturday. In the process, SOL has formed an ascending triangle, and a major breakout is expected over the coming days. Should bulls fail, then the price can quickly fall to the $20 support.
Chart by TradingView
Trading Volume: The considerable buying volume has allowed Solana to remain on the offensive, but the momentum is fading.
RSI: The daily RSI is just under 80 points and is making lower highs. This is bearish.
MACD: The daily MACD is still bullish but may do a bearish cross at any moment based on the histogram, which is also making lower highs.
Chart by TradingView
Bias
The bias for SOL is neutral at this time.
Short-Term Prediction for SOL Price
There are some clear signs that Solana may not be able to overtake the key resistance at $27. Buyers would really need to step up to achieve that, and the current volume and indicators don’t show it.
The post Solana is Up 6% Daily, Here’s the Key Resistance (SOL Price Analysis) appeared first on CryptoPotato.

Solana continues to perform despite a decline in the buying volume, booking a 6% increase in the past 24h. Key Support levels: $20 Key Resistance levels: $27 The resistance at $27 is keeping bulls in check. They have been rejected at that level on Saturday. In the process, SOL has formed an ascen...

cryptopotato.com

Solana is Up 6% Daily, Here’s the Key Resistance (SOL Price Analysis)

Solana is surging above $20 against the US Dollar. SOL price could extend its rally above the $26 and $30 resistance levels in the near term.

Sol price started a fresh increase above the $20 and $22 levels against the US Dollar.
The price is now trading above $22 and the 100 simple moving average (4-hours).
There is a major bullish trend line forming with support near $23.05 on the 4-hours chart of the SOL/USD pair (data source from Kraken).
The pair could rise further if it stays above the $22.00 and $20.00 support levels.

Solana Price Rallies Over 10%
This week, solana price formed a base and started a steady increase above the $20 level. There was a strong increase above the $22 resistance zone, similar to bitcoin and ethereum.
The bulls even managed to pump the price above the $25 resistance. It traded to a new yearly high at $26.54 before there was a minor downside correction. There was a decline below the $24 level. The price declined below the 50% Fib retracement level of the upward wave from the $20.20 swing low to $26.54 high.
Sol price is now trading above $22 and the 100 simple moving average (4-hours). There is also a major bullish trend line forming with support near $23.05 on the 4-hours chart of the SOL/USD pair.
The pair is now trading comfortably above the 61.8% Fib retracement level of the upward wave from the $20.20 swing low to $26.54 high. The price is now rising and up over 8%. On the upside, an immediate resistance is near the $25 level.

Source: SOLUSD on TradingView.com
The first major resistance is near the $26.50 level. The next major resistance is near the $28 zone, above which the price might rise towards the $30 barrier. Any more gains might send the price towards the $35 level.
Dips Attractive in SOL?
If SOL fails to clear the $26.50 resistance, it could start a downside correction. An initial support on the downside is near the $24 level.
The first major support is near the $23.00 level and the trend line. The next major support is near the $21.70 level. If there is a downside break below the $21.70 support, the price might test the next key support at $20.
Technical Indicators
4-Hours MACD – The MACD for SOL/USD is gaining pace in the bullish zone.
4-Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level.
Major Support Levels – $24, $23 and $20.
Major Resistance Levels – $25, $26.50 and $30.


Solana is surging above $20 against the US Dollar. SOL price could extend its rally above the $26 and $30 resistance levels in the near term. Sol price started a fresh increase above the $20 and $22 levels against the US Dollar. The price is now trading above $22 and the 100 simple moving average...

newsbtc.com

SOL Price Prediction: Solana Rally Could Gather Pace above $30

Solana’s usage data and ecosystem development do not support the recent bullish rally, raising the probability of a SOL price correction.

Solana price	$25.78
Low - High 24H	$23.96 - $26.66
Market cap	$9.58B
Volume 24H	$1.08B
All time high	$259.96 -90.10% November 6th 2021
All time low	$0.500801 5040.67% May 11th 2020
Genesis date	N/A

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