An uptick in Solana's network activity and upcoming project launches could send SOL price higher.

With Bitcoin entering the final pullback of the year, crypto traders are keeping a watchful eye on leading altcoins like Solana (SOL) for the next big move ahead. Technical factors show that the Layer 1 altcoin is showing considerable strength against BTC and could potentially be gearing up for an upcoming rally to $200.

Solana price recently had high market activity, trading around the $148 level at the time of writing. Technically, Solana might be in for a change of direction, with crucial chart patterns and an increasing interest in the derivatives market driving it.

October marks significant token unlock events for several major projects.

Between the 1st and the 7th of October, nearly 524K SOL, worth $81 million, will be unlocked.

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Solana's total value locked in decentralized finance protocols has risen to levels last seen nearly three years ago. In the DeFi market, total deposits in protocols across Solana's ecosystem have increased from lows of $657 million in October 2023 to over $10.7 billion.

The SUI-Litecoin duel ends with a technical KO: SUI rakes in the billions, while Litecoin cheers from the 21st place!

TL;DR Six DeFi protocols on Solana have surpassed $1 billion in TVL, marking the first time this milestone has been reached since November 2021. The total TVL of Solana rises to $5.50 billion, recovering after the collapse of FTX in 2022, which drastically affected the platform.

For the first time since Solana launched, six SOL-based platforms held over $1 billion in user deposits.

AMBCrypto found that the spot CVD has been falling over the past two days, coinciding with the pullback from $161.8.

Solana has risen by 2% in the past 24 hours, moving to $153 as the SOL/BTC price climbs to 0.00246 today.

Solana price has been trending higher since September 6, gaining 25% and outperforming Bitcoin and Ethereum. SOL price has increased by 1.8% in the last 24 hours and is trading at $156.

Solana (SOL) continues to navigate a critical resistance level at $161, traders and investors are closely monitoring its next move. The cryptocurrency, which recently showed promising gains, is now at a crossroads that could dictate its short-term trajectory.

Solana's BONK records an 11% price surge, kicking off October on a bullish note.

Layer-1 (L1) blockchain Sui has achieved a series of milestones over the past month. This positions its native coin, SUI, to potentially reclaim its all-time high of $2.16 in October.

SUI has merely displaced LTC by a single spot as they both currently sit comfortably at the 20th and 21st spots.

Robinhood has launched crypto transfer services in Europe, enabling customers to move cryptocurrencies in and out of its app. This move highlights the American financial services company's dedication to expanding its product offerings and strengthening its global presence in the crypto market.

Following the lead of Bitcoin (BTC), the altcoins are starting to break out and recover their lost gains of the last six months. $SUI, $INJ, and $FTM are among the altcoins currently making the fastest progress to the upside.

Bitcoin (BTC) sank further, dropping below $64,000 following a drop of 1.22% over the past 24 hours. The drop comes despite positive sentiments around the world's largest cryptocurrency and an increase in spot Bitcoin ETF inflows.

SEI's surge in TVL and volume along with price indicates strong bullish momentum and further gains.

SUI is not suffering from today's unlock, but TIA is for the end-of-month unlock.

Robinhood Markets Inc.'s (NASDAQ:HOOD) cryptocurrency division launched crypto transfers for its European customers on Tuesday. This new feature allows users to deposit and withdraw over 20 different cryptocurrencies.

Synthetix community approves a major protocol overhaul with 99.4% support, aiming to revitalize the project through token redesign, multi-chain deployment, and governance restructuring.

Two meme coins are today's top performers.

Sui is gaining traction with bullish signals, showing potential for a continued uptrend.

Trader Alex Krüger ignited debate by positing that Solana (SOL) could soon surpass Ethereum (ETH) in market capitalization. This assertion, shared during an engaging episode of the Unchained podcast, has drawn attention from investors and analysts alike, challenging the traditional hierarchy of the crypto space.

Binance will adjust the tick size of SOL USDⓈ-M and COIN-M Futures Contracts on October 14, 2024, to enhance market liquidity and user trading experience.

Crypto Prices Today, October 1: The broader market on Tuesday saw a set of mixed price actions, sparking investor speculations globally. Bitcoin (BTC) price saw a waning action, resting at the $63K level today.

SUI has seen a 15% surge in the past week following its remarkable price action throughout Q3. The cryptocurrency's performance continues to fuel investors' sentiment, but some believe the upcoming unlock event could hinder its rally toward a new all-time high (ATH) next quarter.

Memecoins created on the Solana (CRYPTO: SOL) blockchain withstood the overall market drop on Monday to post encouraging gains. What happened: Dog-themed Bonk emerged as the best-performing billion-dollar capitalization meme coin in the last 24 hours and the third-best cryptocurrency overall, surging over 8%.

Trading volume for Dogecoin surged significantly recently, hitting an all-time high of $1.2 billion. The sudden surge in activity caused traders and investors to jump on DOGE, temporarily driving up its price.

Sui cryptocurrency is making headlines as it witnesses a significant price surge, increasing by 10% in just 24 hours. This remarkable rise is part of a broader bullish trend, with SUI experiencing a staggering 125% increase over the past month.

A veteran trader known for timely crypto calls says he's bullish on one Solana (SOL) rival now that it's showing significant strength. Pseudonymous trader The Flow Horse tells his Telegram channel that he's “default bullish” on the native asset of the layer-one blockchain Sei (SEI) following its clearance of a multi-month resistance around the $0.

On October 1, 2024, the popular Solana-based meme coin Bonk (BONK) made a headline as it topped the cryptocurrency market with its impressive performance. In the ongoing struggling cryptocurrency market, BONK has outperformed major cryptocurrencies like Bitcoin (BTC), Solana (SOL), Ethereum (ETH), and many others with a significant price surge of over 9.

How can crypto traders avoid the pitfalls seen in this unfortunate $6.3 million Solana meme coin story?

After a strong bullish trend, the Sui (SUI) price has consistently climbed over recent weeks. This upward momentum has culminated in an impressive 126% increase in the past month.

Sui Bridge goes live on Mainnet, enabling native asset transfers between Ethereum and Sui, enhancing Web3 interoperability.

An increase in long positions as the price stagnates could signal an over-leveraged condition.

Solana (SOL) is emerging as one of the most dynamic players in the cryptocurrency market, and the outlook for October 2024 appears even more promising.

Bitcoin and altcoins are witnessing end-of-month volatility, but traders remain upbeat about October due to the crypto market's history of strong performance in Q4.

SUI is a closely watched L1 chain with accelerating inflows in the past month. The launch of a native version of the AUSD stablecoin and its usage to pay for gas fees further boosts liquidity on SUI.

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Solana's coiling price against Bitcoin suggests it could be ready for a breakout soon.

Layer-1 blockchain Sui (SUI) is all geared up to unlock 64 million tokens on October 1, which is 2.40% of the total circulating supply. SUI is witnessing heightened investor interest as the crypto community eagerly awaits the token release.

Many crypto investors believe that the next upcoming bull market will spark another altcoin rally, pushing the most promising ones to the moon. Rexas Finance (RXS), a promising Real World Asset (RWA) tokenization platform currently priced beneath $0.1, is catching the attention of altcoin investors nowadays.

TL;DR By October 2024, $1.3 billion worth of tokens will be unlocked on the market. Notable projects include Celestia, Sui and Aptos, with major releases scheduled. Investors should be on the lookout for potential impacts on cryptocurrency prices due to these unlocks.