Solana has seen its total value surge to its highest level since January amid growing meme coin hype.

Solana approaches a critical $160 resistance level, with analysts and investors watching closely for a potential breakout that could lead to new highs.

Solana has surged ahead of Ethereum in weekly on-chain trading volumes, driven by a remarkable uptick in meme coin activity that now accounts for 40% of its trading landscape.

The cryptocurrency market continued its strong start to the week, with almost all major cryptocurrencies in positive territory. Bitcoin (BTC) is up over 2% in the past 24 hours and briefly climbed above $66,000 before dropping to its current level of $65,500.

According to data from Solscan, FTX/Alameda's Solana staking wallet has redeemed 178,631 SOL worth $28 million.

The connection between Solana (SOL), a major layer-one (L1) blockchain, and the collapsed FTX and Alameda Research still exists nearly two years after the companies' downfall. As FTX gears up to repay its investors starting in the fourth quarter, it's expected to speed up its Solana sales to raise the required funds.

FTX could be preparing to offload more of its Solana holdings, with the latest decision to unstake more tokens sparking fresh selloff fears.

Solana's price could face further downward pressure as the SOL staking address associated with FTX/Alameda redeems 178,631 SOL, valued at approximately $28 million.

The total value locked (TVL) in the decentralized finance (DeFi) ecosystem of Solana (SOL) has finally surpassed $6 billion, a level last reached almost three years ago.

In October, the total value locked (TVL) on Solana hit a new high, surpassing $6.1 billion. This marks the highest level since January 2022.

Key Points:

The crypto prices today have sparked substantial investor optimism globally, pumping heavily on Tuesday. Bitcoin (BTC) price soared remarkably to top the $65K level, whereas Ethereum (ETH), Solana (SOL), and XRP prices surged 2%-5% over the past day.

Presidential candidate Kamala Harris is angling for the crypto vote.

The community behind a synthetic dollar protocol on Ethereum (ETH) is proposing adding a top ETH rival to its reserve assets for its stablecoin. According to a new Ethena (ENA) community proposal, the community is considering adding Solana (SOL) as a reserve asset for the US-dollar pegged stablecoin USDe.

Solana (SOL) is trading above $150 after days of uncertainty and testing critical demand levels. The altcoin has surged 13% since last Thursday, showing signs of strength amid market volatility.

Solana (SOL) has continued its recent bullish wave during the last 24 hours with a surge of 4%, but the trend in this social media-related metric could be to watch out for. Traders May Have Become Too Hyped Around Solana On Social Media Recently According to data from the analytics firm Santiment, the positive sentiment around SOL on social media has shot up to a nine-month high following the latest bullish momentum that the coin has seen.

Bitcoin's rise above $66,500 could open the doors for a rally to new highs and altcoins look set to follow.

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Solana has overtaken Ethereum in weekly and daily DEX volume, a development that has further strengthened predictions that SOL could flip ETH or challenge its dominance in this cycle. Interestingly, crypto analyst Titan of Crypto has predicted that the Solana price can rise to as high as $1,400 in this bull run.

Bulls are trying to restore their lost positions, according to CoinStats.

Solana is currently in the spotlight, drawing stark attention from the general cryptocurrency market as the positive sentiment around the digital asset has experienced a significant upswing, solidifying its position in the industry as a leading asset.

The Solana price has jumped by 4% in the past 24 hours, rising to $153.40 as the crypto market enjoys a day of modest 1% growth.

Solana has seen a surge in bullish sentiment and trading volume, driving its price closer to breaking key resistance at $151.

The cryptocurrency market is slightly recovering, with Bitcoin above $64,000 and Ethereum over $2,500. Several Solana Rivals are gaining momentum, potentially offering significant returns.

The movements of whales – entities that are fast-moving in the cryptocurrency market because of their large punctuation – are some of the specific instances to consider in making sense of cryptocurrencies. In particular, Solana (SOL) Whales, have started buying some very promising new altcoin going for less than $0.

With Bitcoin (BTC) making its own breakout, Solana (SOL) has been quick to follow suit. Already closing in on Ethereum as the premier layer 1 blockchain network, the $SOL price is likely to continue sucking value out of $ETH going forward.

Solana (SOL), XRP, and Shiba Inu (SHIB) are crypto's top contenders for the next potential breakout. These coins have distinct support and resistance levels, setting the stage for possible rallies.

Today marks a positive day for most cryptocurrencies, with Solana, Bitcoin, and Ethereum leading the top 10 with impressive surges. But what to expect from each?

Bitcoin (BTC) registered a weekend bounce after briefly dropping below $60,000. The world's largest cryptocurrency has been up by almost 3% over the past 24 hours and is currently trading around the $64,500 mark, with buyers eying the $65,000 price level.

With the Bitcoin price on the verge of achieving the $65,000 mark, the cryptocurrency market has recorded a strong bullish recovery over the past few hours. Moreover, top altcoins are on the verge of breaking their important levels, highlighting increased bullish sentiment.

Solana's price jumped 3% on Monday, marking its fourth straight day of growth. This steady rise shows strong momentum.

The much awaited political trigger for SOL is around the corner - Which direction will SOL take?

Solana (SOL) has surged past $150, marking the first time since October 1 that it has reached this level, signaling a potential turnaround after a challenging start to the month.

Ethena proposes adding Solana and liquid staked SOL variants as reserve assets for its USDe stablecoin, potentially unlocking billions in additional open interest and boosting the ENA token price.

Ethena Labs has proposed adding Solana (SOL) to the collateral mix of its synthetic stablecoin USDe, targeting a $100-200 million initial allocation.

Solana's price has surpassed $150, buoyed by historical performance, increased network activity, and technical indicators pointing to a potential rally towards $180.

Welcome back to our digital asset analysis column, in this article we will focus on the cryptos BRETT, BONK, and Solana (SOL).

Solana climbed higher above the $140 resistance zone. SOL price is rising and might gain bullish momentum if it clears the $155 resistance.

In the latest development, the Ethena community introduced a new proposal that seeks to use Ethereum's Layer-1 competitor Solana as a reserve asset for its synthetic dollar USDe. This development has sent the Ethena (ENA) price soaring by another 17% today to $0.39 thereby taking its market cap above $1.06 billion.

Ethereum (ETH) is experiencing a period of consolidation and over the last day, there hasn't been major movement in its price. Ethereum's price movements are also likely to align with Bitcoin's trends. According to analyst Josh of Crypto World, ETH is facing resistance between $2,440 and $2,475, based on previous support and resistance levels.

If the proposal is approved, SOL will join BTC and ETH within Ethena's collateral mix.

Solana flips 200 EMA on daily and 4-hour timeframes. Is SOL ready to rally?

Bitwise chief investment officer Matt Hougan is pointing out metrics for one Solana (SOL) competitor that he says are impressive. Hougan tells his followers on the social media platform X that out of all the charts he's looked at recently, the on-chain metrics of Aptos (APT) are standing out the most.

SUI has shattered its all-time high with a staggering 452% rise, setting the stage for what some analysts are calling the next Solana. With lightning-fast transactions, native USDC support, and explosive ecosystem growth, SUI is making waves in the crypto space.

The first two weeks of October remained neutral for most major altcoins following the geopolitical tension in the Middle East. Amid this consolidation, the Solana price managed to stabilize above $135 and the 200-day Exponential moving average for a bullish reversal.

A crypto hedge fund predicted ETH could remain muted in 2024 but could see relief in 2025.

Solana's price has maintained an upward trend in recent days, fueled by increased demand for the popular altcoin. Currently trading at $148.06, SOL has risen by 2% in the past week despite broader market stagnation.