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.

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

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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.

Ethereum's most feared cryptocurrency, Solana ($SOL), is facing stiff competition from new scaleable Layer 1s that are growing in price at a much quicker rate.

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.

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.

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.

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.

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.

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.

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?

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.

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

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.

Solana price has carved out a substantial portion of the total crypto market cap. Known for its high transaction speed and low fees, Solana attracted meme coin creators and subsequently earned the nickname ‘home of meme coins.

Recently, SUI gained significant strength, which pushed the prices above the important resistance zone, which can be considered as a last pitstop before the highs. The token has formed a massive bullish pattern and after achieving the levels around the neckline, a gigantic bullish run could be imminent.

XRP has been hovering near $0.6351, down slightly by 0.95% for the day. The coin is testing a resistance level near $0.6548, and a breakout above this could signal further gains.

An analyst known as a “Master Trader” on the crypto exchange Bybit believes October will be a bullish month for Dogecoin (DOGE). Pseudonymous analyst Bluntz tells his 276,900 followers on the social media platform X that top memecoin DOGE appears to be in the early stages of a five-wave rally.

Solana is holding gains above the $150 resistance zone. SOL price is consolidating and might aim for a fresh increase above the $162 resistance zone.

Solana is currently making a run at Ethereum. Bitcoin could be next.

A few days after reaching a peak of $161, the cryptocurrency Solana (SOL) pauses in its recent ascent. The flagship token of the high-performance blockchain ecosystem is experiencing a slight correction, raising questions about the sustainability of its bullish momentum.

Most of the cryptocurrencies are facing a correction today, according to CoinStats.

Solana (SOL) is now trading around a crucial supply zone after an impressive 26% surge since September 18, following the Federal Reserve's announcement of interest rate cuts. This sharp rally has sparked optimism among analysts and investors, who hope Solana could soon reach new all-time highs.

Bitcoin (BTC) dipped below the $65,000 level early today after registering a drop of almost 2.50% over the past 24 hours and is currently trading just below the $65,000 mark. Spot Bitcoin ETFs also registered a surge in inflows, attracting around $449 million, fueling even further demand as speculation about a rate cut and soft US landing bets.

Solana's (SOL) price has struggled to break above $160 over the past two months, repeatedly failing to sustain momentum. However, many in the market believe that “Uptober” could bring a reversal.

As Bitcoin prepares to break through the top of its bull flag, or perhaps be rejected once again, both Ethereum and Solana are starting to turn the tables on the number one cryptocurrency. If $BTC can hold firm, is this the time when the major altcoins will start to steal the show?

Closely followed economist and trader Alex Krüger says that Solana (SOL) exceeding the market cap of Ethereum (ETH) isn't as farfetched as many investors believe. In a new discussion on the Unchained podcast, Krüger addresses Multicoin Capital managing partner Kyle Samani's perspective that Solana will eventually flip Ethereum.

Solana whales are accumulating tokens as the price approaches key resistance, but declining social sentiment creates uncertainty around SOL's short-term outlook despite long-term bullish predictions.

As September closes with a rally hope in October, the cryptocurrency market is showing signs of recovery, breaking its usual bearish trend for the month. With Bitcoin climbing back above $66,000 and top altcoins, including Solana, surpassing key resistance levels of $155, there's growing excitement about a potential altcoin season.

Whales are now holding 59% of Solana—a key sign that the market is turning bullish.

A prominent cryptocurrency commentator predicted a significant price surge for Solana (CRYPTO: SOL), expecting as much as 5x return by the end of 2025. What Happened: MartyParty, a widely-followed cryptocurrency influencer who also happens to be a music artist, said in an X post Sunday that Solana has been organically consolidating at $150 for 225 days.