Solana (SOL)

Founded by former Qualcomm, Intel, and Dropbox engineers in late-2017, Solana is a single-chain, delegated-Proof-of-Stake protocol whose focus is on delivering scalability without sacrificing decentralization or security. The Solana protocol is designed to facilitate decentralized app (DApp) creation. Core to Solana s scaling solution is a decentralized clock titled Proof-of-History (PoH), built to solve the problem of time in distributed networks where there is not a single, trusted, source of time. Due to the innovative hybrid consensus model, Solana has attracted the attention of small traders and institutional traders. An important focus of the Solana Foundation is to make decentralized finance available on a larger scale. Solana is ranked number 7 in the CoinMarketCap ranking as of September 2021.

1. SOL Basic Info

2. SOL Technical Info

2.1 SOL Kline Chart Price

2.2 SOL Technical Analysis

Short-term: The price is expected to experience consolidation, potentially fluctuating within a range defined by the recent support and resistance levels. A slight bearish bias is anticipated, with a possible test of the immediate support level.

Mid-term: The prevailing downward trend may persist, with potential for further declines. Bearish momentum is likely to continue, and the price could approach the next significant support zone.

Long-term: The overall trend is currently bearish. A recovery phase could happen, but the long-term direction still shows potential for a sustained downtrend. Investors should remain cautious and monitor key support and resistance levels.

3. SOL News Info

3.1 SOL News List

• 20250322
  Fidelity Solana Fund is registered in Delaware, USA
• 20250321
  pump.funIn the past 24 hours, no graduated token has a market value of more than 1 million US dollars
  Data: A whale has pledged more than 68,000 SOL, equivalent to about 8.73 million US dollars 📈
  A whale pledged 68,048.6 SOL, about 8.73 million US dollars 📈
  Gate Wallet Launches $100,000 Airdrop Event 📈
• 20250320
  A whale is suspected of selling 30,000 SOLs that he opened a position two weeks ago, with an estimated loss of $456,000 📉
  Volatility Shares to Launch Solana Futures ETF on March 20 📈
  Data: Circle minted 250 million USDC on Solana 7 hours ago 📉
  Volatility Shares to Launch Two Solana Futures ETFs on March 20 📈
  Circle minted approximately 250 million new USDC on Solana 📈
• 20250319
  In the past hour, the entire network has liquidated 27.5858 million US dollars, mainly short orders 📉
  Gate Wallet launches trading challenge with prize pool up to $60,000 📈
  A whale transferred 59,406 SOL from Kraken and sold them on DEX for 7.47 million USDT 📉
  Solana Mobiles second phone, the Solana Seeker, is expected to start shipping in summer 2025 📈
• 20250318
  Analysis: Traders show little interest in CME Solana futures, with limited impact on SOL spot prices 📉
  CME Solana futures first day of trading was cold, ETF approval may be difficult to replicate Bitcoins success 📉
  Solana transaction fees drop to lowest level since September last year 📈
  A whale released 59,800 SOL stakes, part of which has been transferred to Binance 📉
  Solana RWA Protocol ORO Completes $1.5 Million Pre-Seed Financing 📈
  BSC leads the entire network with a 24-hour DEX trading volume of $2.546 billion 📈

3.2 SOL News Analysis

Solana is experiencing a period of mixed signals. While significant whale activity continues, involving both substantial investments and liquidations, there s a concurrent launch of financial products like ETFs and airdrops designed to attract retail participation. Institutional interest appears to be cautiously optimistic, though initial futures market performance is underwhelming. Coupled with improvements such as lower transaction fees and the upcoming Solana Seeker, the overall trend indicates growing ecosystem maturity but also volatility tied to market sentiment and the broader cryptocurrency environment. Competition from other chains, like BSC, remains a factor.