SOL's next downtrend could shape what happens to the altcoin over the long term.

Solana (SOL), one of the leading cryptocurrencies by market capitalization, is witnessing a noteworthy rebound. After facing a challenging end to August, the asset has shown signs of recovery, with analysts forecasting a remarkable 62% price increase ahead of the highly anticipated Breakpoint event.

TLDR Price forecasts suggest a Solana climb above $180 before the month's end. BNB targets $1,000 by Q4. IntelMarkets, the latest investor favorite, is tipped for a 5,000% gain after its launch. While often undesired, market dips provide the best entries.

Solana (SOL) is currently trading around $127, a critical level that could either support a recovery or lead to further declines. Throughout the year, this price point has frequently served as an important support for the altcoin.

PEPE price fell towards $0.000063 on Sept 6, down 20% within the weekly time frame, however markets data shows rising demand for PEPE across DEXs, and the derivatives trading platforms.

The first atomic SVM chain on Solana, Sonic SVM, has announced the launch of Hyperfuse Nodes, marking the first node sale in the Solana ecosystem. The sale offers participants access to Sonic's Solana Virtual Machine (SVM) technology and a potential opportunity to earn tokens.

A widely followed cryptocurrency analyst and trader is leaning bearish on Bitcoin (BTC) while offering his opinion on two altcoins. Starting with Bitcoin, the analyst pseudonymously known as Sherpa tells his 222,600 followers on the social media platform X that Bitcoin is headed to a price of $45,000, around 20% below the current level.

Solana (SOL), the fifth largest cryptocurrency by market capitalization, may be on the verge of a significant price correction, according to a recent market prediction. Ali Martinez, a crypto analyst, has highlighted a potential bearish scenario for SOL, which could trigger a substantial drop to as low as $90.

Solana (SOL) has recently captured the attention of crypto traders as a significant buy signal has emerged, signaling a potential price rebound. After enduring a challenging phase in the broader cryptocurrency market, where many coins struggled to find upward momentum, Solana is showing signs of a comeback.

Litecoin, a peer-to-peer cryptocurrency, remained in a consolidation phase as open interest in the futures market remained muted and as whale activity rose.

On Friday, the Bitcoin price breakdown below $55000 sparked concern about an extended correction in September. While the bearish momentum may shake out speculative traders, smart money may capitalize on this opportunity to accumulate top altcoins like XRP and Solana.

Despite the Chewy token's near 30% rally, Gill's cryptic post seems to suggest that he is dropping the Chewy company, not endorsing it.

Solana, JasmyCoin, and other altcoins continued their strong sell-off this week as the crypto fear and greed index fell. Solana and Jasmy are in a bear market JasmyCoin (JASMY) dropped to a low of $0.

There appears to have been a trend of comparing Shiba Inu (SHIB) to other meme coins like Dogecoin (DOGE), Pepe Coin (PEPE) and Dogwifhat (WIF). Shiba Inu's marketing lead LucieSHIB commented on this trend and noted that such comparisons are unwise.

Solana (SOL) is showing signs of a possible recovery despite ongoing bearish conditions. A prominent crypto analyst recently shared on X (formerly Twitter) that the TD Sequential indicator has issued a buy signal for SOL on its daily chart.

A widely followed crypto analyst believes that one Ethereum (ETH) competitor could first correct by double digits and then go on a massive rally to print new all-time highs (ATH).

Sonic SVM is aiming to fuel its growth on the Solana blockchain with its upcoming sale of $12.8 million worth of validator nodes in its HyperGrid framework. Scheduled for the week of September 16, this sale will feature 50,000 “Hyperfuse nodes” distributed across 20 pricing tiers.

Update on the Shibburn tracker's website shows an immense increase in the SHIB burn rate since last morning.

The crypto market has become an enormous industry with a trillion dollars in market capitalization and millions of crypto tokens to trade into. This has offered great profit-making opportunities, but the volatility has also kept the market humbled with consistent drops.

Shiba Inu coin garnered considerable investor enthusiasm on Saturday as its burn rate noted a whopping 2000% uptick. The latest data from Shibburn revealed that over 200 million SHIB taken out of the meme coin's supply in the past 24 hours.

Meme coins like WIF and BONK did not make the list.

Supporters want previous gains to repeat.

Shiba Inu's burn portal sees no activity. Still, overall SHIB burns have surged by over 400%.

As the first week of September concluded, the Solana (SOL) price settled at $124, raising concerns for investors as the fifth largest cryptocurrency risks breaching the critical $100 threshold. According to market analyst Ali Martinez, recent technical analysis indicates that a sustained close below the channel's lower boundary at $126 could trigger a significant price correction for Solana, potentially dropping to $110 or even $90.

SOL's last three cycles could be key to identifying what's next for the altcoin.

Dogecoin (DOGE) and Shiba Inu (SHIB) are currently experiencing a downtrend, highlighting the bearish sentiment towards these meme coins. This price decline is due to several factors, including developments in the broader crypto market.

Solana (SOL) has been holding above the $120 mark since experiencing a significant 24% retrace from its local highs. As the crypto market faces growing fear and uncertainty, Solana has remained one of the strongest performers this cycle, attracting attention from analysts and investors looking for opportunities.

As it gets closer to $55,000 the price of Bitcoin is still showing signs of weakness, and a decline to $52,000 is looking more and more likely. A bearish attitude has been evident in recent market data, especially among institutional investors, who have been withdrawing their money from exchange-traded funds related to Bitcoin.

Once the 78.6% retracement level is beaten, the 100% level is usually the next target.

The bitcoin price has dropped below a key resistance level as the crypto market crashes under $2 trillion

The Shiba Inu team has announced two major milestones that promise to enhance the utility and dynamics of its network. Shibarium, Shiba Inu's Layer 2 solution, has successfully achieved a substantial milestone in NFT minting.

Binance's Solana staking service aims to enhance the staking experience for its users. Vishal Sacheendran, Head of Regional Markets at Binance, explained that the service will let users stake SOL and receive rewards in BNSOL.

Solana (SOL) continued to trade sluggishly on Thursday, following a sharp drop of around 20% to approximately $128.62 on Wednesday. This decline has been linked to sustained selling pressure from a major unidentified whale or institutional investor, who has already unloaded over $99 million worth of the cryptocurrency this year.

Nearly two years after “The Merge” at Ethereum's blockchain — the transition to a proof-of-stake consensus mechanism from a proof-of-work setting — investors in ETH who hoped the pivotal upgrade would provide a financial lift have been left with shrinking returns on investment. Ether's price has underperformed Bitcoin (BTC), BNB, and even Solana (SOL) since the September 15, 2022 merge day.

Solana's declining fees risk pushing smaller validators out, exacerbating longstanding centralization concerns.

Like Bitcoin and other top altcoins, Solana continues to sell off at press time, rewinding losses of the first part of the year. At press time, SOL, the native currency of the smart contracts platform, is trading at around $130, retesting a critical support level.

Shiba Inu is one of the altcoins that have been hit, especially in the crypto market crash, seeing a substantial decline from its 2024 highs. However, this has not deterred community members from their mission of trying to reduce the meme coin's supply through burning.

Explore September's forecast for memecoins like Pepe (PEPE), Dogecoin (DOGE), Shiba Inu (SHIB), FLOKI, and Dogwifhat (WIF). Analyze price trends, resistance levels, and market sentiment to understand the potential rise or fall of these popular digital tokens.

Sonic SVM announced the public sale of HyperFuse Nodes, marking the first node sale within the Solana ecosystem. According to a press release shared with crypto.

Technical price charts help unlock Shiba Inu's secrets: here's how SHIB price could reclaim its 2024 highs.

Bitcoin bears have pulled the price below the support of the range, starting a potential downtrend toward $49,000.

Solana (SOL) is currently trading in the red, impacted by a general bearish market sentiment, but an analyst has outlined the token's potential path to new highs.

With the latest mixed signals from Solana price, expectations are high about a drop soon to below $100. How likely to happen this September?

Despite Bitcoin's recent downturn, LTC has shown resilience, maintaining an 8% upward swing.

Solana (SOL) has presented a buying opportunity for those looking to trade against the market trend.

TL;DR Sonic SVM will launch a sale of 50,000 HyperFuse nodes valued at $12.8 million, starting the week of September 16, 2024. The sale aims to fund the development of the gaming platform on Solana and will offer token rewards to buyers.

Solana blockchain's native cryptocurrency, SOL, seems to be set for a rebound, given its recent market outlook. Su Zhu, the cofounder of Three Arrows Capital (3AC), highlighted the potential for SOL in an X post.

Meme coin Shiba Inu now finds itself trading between a narrow range of $0.000013 on the support side and $0.00001370 on the resistance side in the past 48 hours. This consolidation price action has emerged after a decline that saw SHIB fall from $0.00001600 in the last week of August.