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.

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.

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.

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.

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

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.

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.

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

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.

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.

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?

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.

Over the past 24 hours, the Solana price has experienced a notable decline of 3.69% amid a wider market downturn.

The price of Solana (SOL) has dropped to the bottom of its chart, continuing its sideways pattern. Price analysis by Coinidol.com.

In this bearish market sentiment, the majority of cryptocurrencies have experienced notable price declines. Amid this, a crypto expert hints that Solana (SOL) is flashing a buy signal.

Sonic SVM, the Solana-based blockchain gaming-focused Layer-2 infrastructure company, has announced the imminent launch of its long-awaited HyperFuse Node sale.

Render joined Solana as top performer, helping boost the index by 1%.

TL;DR In August, most crypto assets experienced significant declines due to market volatility and macroeconomic factors, such as the collapse of the yen carry trade. Ethereum performed particularly poorly, with its value falling 24%, while Bitcoin and Solana also suffered considerable losses.

The project is taking advantage of an increasingly popular fundraising method known as "node sales" just months after a traditional $12 million fundraise.

With the whole crypto market on tenterhooks, and the U.S. non-farm payroll data expected later on Friday, sentiment is still decidedly bearish. That said, isn't it at times like these that bottoms occur?

The crypto space is now getting ready for a big altcoin bull run. This is because whales are stockpiling many crypto coins. However, only three of them are getting the most attention: Ethereum (ETH), DTX Exchange (DTX) and Solana (SOL).

This offering bridges the gap between digital assets and everyday purchases through Solana wallet integration. It extends its reach to over 90 million Mastercard merchants worldwide.

As a result, almost all major US stock indices slipped into the red. Bitcoin (BTC) dropped nearly 4% over the past 24 hours, while gold registered a 1% increase to push back above the $2,500 mark.

As September 2024 unfolds, the crypto world watches closely as Solana (SOL) embarks on what could be a defining moment in its journey. The question on everyone's mind is whether Solana (SOL) can hit the $200 mark this month.

Solana (SOL) has been a hot topic in the cryptocurrency market, especially after its remarkable performance in 2023. However, 2024 has been a rollercoaster year for SOL, marked by significant volatility and uncertainty.

Cryptocurrency analyst and trader Ali Martinez is leaning cautiously bullish on an Ethereum-based altcoin. Martinez tells his 70,300 followers on the social media platform X that the native token of the Ethereum (ETH) scaling solution Polygon (POL) is forming a descending triangle pattern, on the weekly chart.

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) Ethereum continued its downtrend this week and broke below the key support at $2,400, closing with a 6% loss.

Solana faces both opportunities and challenges as it strives for price growth and ecosystem development amid regulatory scrutiny and shifting market dynamics.