Solana's price recently encountered a setback after failing to break above the $234 resistance level, briefly dipping to as low as $204 on December 10. Despite this temporary decline, the blockchain's underlying fundamentals remain strong, and experts believe that Solana could see a significant upward movement if it can successfully breach this critical price point.

The UK Financial Conduct Authority (FCA) has boldly called out crypto project Retardio Solana for unlawful practices in the region. As detailed in a publication on Monday, the regulator said Retardio Solana has been promoting and providing financial services or products without permission.

Sustained demand from buyers has pushed Bitcoin to a new all-time high, opening the doors for a rally toward $113,000.

Solana has continued to grow, clinching new milestones per daily net capital inflow as measured by the Artemis protocol.

Solana has risen by 0.5% in the past 24 hours, as a new report finds that its network is the most popular among new crypto developers. The post Report Suggests New Developers Prefer Solana – Can This Push SOL to $500? appeared first on Cryptonews.

Ethereum price holds steady amid heightened investor interest ETH/USD has held steady above the previously strong resistance zone of $3,750 for close to a week; trading close to the 9-month high it hit earlier in the month.

Drake's X account was hacked and used to promote a fraudulent Solana-based meme coin, resulting in $5 million in trading activity before being exposed as a scam.

In a recent analysis, crypto analyst Henrik Zeberg shared his optimistic outlook on Solana (SOL), the fifth-largest cryptocurrency by market capitalization.

A widely followed crypto analyst says that holders of smart contract platform Solana (SOL) may be due for the same pain Ethereum (ETH) traders felt during previous cycles.

The cryptocurrency market has been anything but stable in recent weeks, with several major tokens grappling with resistance levels, shifting trends, and uncertain investor sentiment. XRP, Shiba Inu (SHIB), and Solana (SOL) are facing critical points in their price movements.

Over the last week, a significant amount of cryptocurrency movement involved tokens from various blockchains being bridged to Solana, including over $200 million worth of Ethereum.

Amid revolutionary announcements, technological advancements, and regulatory turbulence, the crypto ecosystem continues to prove that it is both a realm of limitless innovations and a battleground for regulatory and economic conflicts. Here is a summary of the most significant news from the past week regarding Bitcoin, Ethereum, Binance, Solana, and Ripple.

As Christmas approaches, Solana price has gained momentum as the token shows bullish sentiment in the cryptocurrency market. Following Bitcoin's hovering above $105K, SOL is capable of continuing its upward move.

Solana's price faces downward pressure despite strong holder conviction, while market data shows potential for a trend reversal due to high short interest and stable on-chain metrics.

Bitcoin (BTC) surged to a new all-time high during early Asian trading hours, hitting a peak of $106,449 before declining to its current level. The rally came as speculations grew about it becoming a United States reserve asset.

Xandeum has wrapped its six-week liquid staking program with a bunch of solid benchmarks. Distributing 205 million XAND tokens in rewards, the program saw more than 68% of available XAND staked by users, who were able to earn a 16% APY.

The price of Solana has recently recorded a decline of 16.8% from its yearly peak, reflecting a pause in the crypto momentum. Despite this correction, technical and fundamental signals suggest long-term bullish potential.

Solana's daily net inflows have surpassed all other major blockchains, including Sui, Base, Arbitrum and Ethereum. On Dec. 15, the Solana network accumulated net inflows of $12 million.

In the times when the markets are turning bullish, the Solana price is displaying a diverse trend with a possibility of testing the immediate lower support. The rising bearish pressure of the token raises concerns over the year-end targets as a significant shift in the liquidity.

The price of Solana (SOL) has fallen between the moving average lines since December 2nd. Latest price analysis by Coinidol.com.

Solana remained stable above the $215 level. SOL price is now recovering losses and facing hurdles near the $228 and $332 levels.

Solana's next move is anyone's guess, but it's clear that the stakes are high for anyone involved in the market.

Hovering within a descending triangle pattern on the chart, XRP is clearly struggling. Although XRP experienced a huge spike earlier, it is currently struggling to recover and surpass significant resistance levels.

Solana's investor base is demonstrating unwavering confidence as the network sees a shift in the profile of its long-term holders. According to on-chain data from Glassnode, many more Solana addresses are moving into the long-term holder base, which showcases strong conviction from investors who entered the market during the recent 2024 rally.

Asia is home to about 32% of crypto developer activity, Electric Capital's annual study reveals—and new devs favor Solana over Ethereum.

Solana enjoys several key growth indicators, including an 18% increase in its TVL over the past month, per DeFi Llama.

Solana price, a Layer 1 blockchain, has showcased remarkable growth in the cryptocurrency market, surging notably since November's start. This bullish momentum aligns with a wider market recovery, signaling potential for further gains.

Over the past month, Solana has underperformed noticeably with prices declining and exhibiting notable hesitancy at important resistance levels. Renowned cryptocurrency analyst Chris Burniske claims that the main cause of this poor performance is the build-up to a token unlock event that is set for March 1, 2025.

Glassnode reveals long-term investors holding SOL as selling pressure fades. With Solana at $218, will a breakout above $227 trigger a major rally? The post Solana Confidence Surges Among Long-Term Investors – Is a Price Explosion Coming? appeared first on Cryptonews.

Like a beacon in the crypto storm, Solana inspires loyalty. Those who believe hold firm, hoping for a bright future.

According to data issued by the national tax enforcer, the adoption of solana and ether is growing in Brazilian markets. Ether's utilization increased significantly, having registered 950,000 transactions moving over $165 million – a relevant increase compared to last year's October numbers, when it scored 600,000 transactions and transferred nearly $40 million.

Drake's X account was hacked to promote a Solana-based memecoin named $ANITA. The scam generated $5M in trading volume before being exposed and removed.

Solana (SOL) has been grappling with a persistent price decline over the past few weeks amid the pullback in the broader cryptocurrency market. It currently trades at $218.76, noting an 8% price drop over the past seven days.

VanEck has forecasted that Bitcoin, Ethereum, and Solana will hit new all-time highs in 2025, driven by several key factors.

As blockchain technology continues to evolve, two distinct innovations have emerged as game-changers in the industry: Solana and Lightchain AI. While Solana focuses on scalability and speed, Lightchain AI aims to revolutionize the application of artificial intelligence in decentralized ecosystems.

Solana could surpass the $500 mark in 2025, says VanEck.

Key Points:

The memecoin was purportedly themed after Drake's cartoon "alter ego" Anita Max Wynn and saw $5 million in trading volume before collapsing.

As Solana (SOL) seeks to breach the long-term resistance at the $250 mark, the decentralized finance (DeFi) ecosystem is backed by a dynamic holder base, including institutional and retail investors.

Solana (SOL) has been in the news over the last few weeks, albeit for different reasons. The popular altcoin was one of the many benefactors of a Donald Trump presidential victory, rising by 67.69% in three weeks after November 5 to reach a new-all time of $263.

Amid the ongoing consolidation in the cryptocurrency landscape, asset management giant VanEck has made a bold prediction for Solana (SOL). This forecast has captured widespread attention from the global crypto community, particularly as it comes during a period when SOL has been struggling consistently.

Solana's long-term holder activity is rising. Coupled with a $9 billion surge in TVL, these trends reflect strong investor confidence and growing network utility.

New data from market analytics firm Glassnode reveals that traders are keeping their Solana (SOL) stacks amid expectations that its price will continue to rise.

Solana (SOL) nears a breakout above $227.35, targeting $264 and possibly $300. Learn about key price levels, technical indicators, and related ecosystem tokens. The post Solana's Breakout Momentum Builds – Could $300 Be Just the Beginning? appeared first on Cryptonews.

As its price action tries to bounce back from recent losses, Solana finds itself in a vulnerable position. A declining trendline on the chart indicates persistent selling pressure, and buyers are frantically attempting to protect the 26 EMA, a crucial support level.

Solana faces competition as Lightchain AI, with AI-powered blockchain tech, offers a bold vision for decentralized creativity. #partnercontent

VanEck forecasts explosive growth for Bitcoin, Ethereum, and Solana, with prices reaching $180K, $6K+, and $500+ by 2025. Adoption, staking innovations, and DeFi advancements lead the charge.