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Solana price struggles to flip $150 to support — Is the SOL bull market over?

Summary by Cointelegraph

Solana is losing its network market share to its competitors, and the pace of its price recovery lags behind Bitcoin.

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ZyCrypto

Solana Layer-2 Solution Raises $28M: Why Solaxy is the Top Crypto Presale

Solana’s congestion issues are well known and were highlighted earlier this year when the chain struggled with the demand seen on the launch of the Official Trump meme coin, but a solution is close to launching. Solaxy (SOLX) intends to resolve the Solana network’s issues with its upcoming Layer 2 blockchain. The project has raised over $28 million through its ongoing token presale, with many expecting significant gains once it goes live. Solaxy…

3 days ago

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The Daily Hodl

‘Time To Be Cautious’: Trader Says Indicator That Perfectly Predicted a Rally on Solana Has Now Turned Bearish - The Daily Hodl

Analyst and trader Ali Martinez is leaning bearish on Solana (SOL) as the sixth-largest crypto asset by market cap lies about 53% below the all-time high recorded in January. Martinez tells his 134,300 followers on the social media platform X that the Tom DeMark (TD) Sequential indicator is flashing a bearish signal on the 12-hour time frame. The TD Sequential indicator is used to identify potential price reversal points. “The TD Sequential perf…

3 days ago

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CryptoPanic

CHART: Solana’s performance has cratered since Trump’s inauguration

Despite Donald Trump anointing Solana with his own memecoin, the blockchain has fallen out of favor over the past couple months.

3 days ago

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Blockworks

Solana startups spin up validators for revenue and ‘soft power’

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Two weeks ago, Solana validators voted down SIMD-0228, a proposal that would have significantly cut network inflation. Still, core Solana stakeholders seem interested in cutting inflation at some point, a prospect that would hurt the bottom line for validators. Validators run Solana’s software to help add blocks to the blockchain, and they’re paid for the labor p…

3 days ago

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Bitcoin Ethereum News

Network Activity Declines as $150 Resistance Holds Firm

The post Network Activity Declines as $150 Resistance Holds Firm appeared on BitcoinEthereumNews.com. TLDR SOL has been struggling to reclaim the $150 level for the past three weeks, facing an 8% rejection after briefly touching $147 on March 25. Solana’s DApp revenues have dropped from $23.7 million to $12 million in just two weeks, while chain fees fell from $6.6 million to $3.6 million. Technical analysis shows SOL forming a bearish falling w…

3 days ago

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Busines and Oil News

Solana price struggles to flip $150 to support — Is the SOL bull market over? – DG Verifications & Stats

Did SOL’s bull market end when the memecoin bubble burst, or is the $150 level just a short-term technical resistance zone? Altcoin Watch Solana’s native token, SOL (SOL), faced a sharp 8% rejection after briefly touching $147 on March 25. For the past three weeks, SOL has struggled to reclaim the $150 level, which is leading traders to question whether the bullish momentum that was originally driven by memecoin speculation and the rise of artif…

3 days ago

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