SOL may be nearing a potential breakout, with whale activity and key resistance levels in focus.

The overall crypto market is recovering, and amid this, Solana (SOL) is poised for a massive upside rally as its daily chart has formed a bullish price action pattern.

Cryptocurrency News Today: The crypto space has risen positively over the previous day, the upward momentum has resulted in a 1.64% increase in market cap to $2.16 Trillion. While the intraday trading volume saw an 18.35% drop with numbers at $66.

Solana wasn't spared the hammering of early October. As of October 4, there are pockets of strength, but the downtrend remains.

Anatoly Yakovenko, the co-founder and CEO of Solana, has openly criticized the Biden administration for its shortcomings in job creation, particularly in the tech and cryptocurrency sectors. In light of recent regulatory challenges faced by Solana and other crypto companies, Yakovenko argues that U.S. policies are pushing valuable job opportunities overseas, ultimately hindering innovation and economic growth.

After testing the crucial 100 EMA support level, Shiba Inu has demonstrated a robust price recovery. Bulls are still actively defending important price thresholds, as indicated by this bounce, and the next 48 hours may be very important in determining the short-term trajectory of SHIB.

Solana's (SOL) value is struggling to gain traction after failing to break over the critical $161 resistance level in the past two months.

The FTX $12.7 billion repayment is a bullish catalyst many never expected, considering the exchange's collapse was behind the 2022 bear market. With fresh liquidity to be injected into the crypto market, Binance Coin (BNB) and Solana (SOL) are altcoins to watch. Meanwhile, whales have been positioning themselves ahead of the upcoming bull run.

Key Points:

If Bitcoin sustains its rebound above $60,000, investor sentiment is likely to improve and attract buyers to altcoins.

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Solana (SOL) saw a potential bearish shift this week, with prices dipping below the 50-day moving average (DMA) as geopolitical tensions between Israel and Iran intensify.

The company formerly known as Cypherpunk Holdings has bought more Solana tokens with capital recovered from FTX.

Solana is trading above a crucial support level at $137 after experiencing a 17% correction from local highs around $160. This recent dip has left analysts and investors on edge, awaiting confirmation of the next price direction.

The market keeps trading in the green zone, according to CoinStats.

Solana's (SOL) price has faced a tough time maintaining its upward momentum, particularly after repeated failed attempts to secure $161 as a support level over the past two months.

Solana (SOL) is navigating a challenging phase as it recently experienced a price drop from its monthly high of $161.62 to trading below $137. Within just 24 hours, the cryptocurrency recorded a decline of 4.48%.

Solana price jumped 2% during the Asian trading hours on Friday, currently trading at $139.7. This bullish turnaround reflects the market relief rally as Bitcoin attempts to hold the $60000 floor.

Investors have great expectations of Bitgert's upcoming announcement, and many believe this is the reason that will drive future growth. Solana Coin and Sui Coin have been prominent in the crypto market, but the rapid maturation of Bitgert might change this.

The crypto markets saw significant turmoil over the past 24 hours, with over 100,000 traders impacted by mass liquidations, greatly raising concerns during the latest market downturn. Bitcoin (BTC) briefly dipped below the $60,000 mark on October 3 before recovering and pushing back above $60,000.

Solana's price has seen a sharp drop of over 14% in early October, impacted by global geopolitical tensions

Financial institutions might prefer the SOL blockchain, but ETH remains much further ahead.

Solana (SOL) gained a Singapore dollar pairing on Upbit. The new listing arrives at a time of growing trading volumes for SOL, though with higher price volatility.

A widely followed cryptocurrency analyst and trader is highlighting one memecoin that he believes possesses more upside potential while offering his insights on layer-1 altcoin Sui (SUI).

The Sygnum Bank report states how payment processing giants like Visa have been integrating Solana for USD Coin (USDC) settlement citing its “low costs” and “high throughput”.

Amid ongoing geopolitical tensions, the cryptocurrency market has recorded a significant correction in valuation this week. Moreover, top tokens have experienced a pullback toward their important support levels, indicating increased bearish sentiment in the crypto space.

SOL may be getting ready for a decline-rally cycle.

Sygnum Bank suggests that Solana's scalability and growing institutional adoption could position it as a serious long-term competitor to Ethereum.

Tron's rise as a stablecoin leader highlights the growing importance of stablecoins in global finance, especially in volatile economies. The post Tron emerges as stablecoin powerhouse, outpaces Bitcoin, Ethereum, and Solana with $566 million in Q3 revenue appeared first on Crypto Briefing.

Solana trimmed gains and tested the $132 support. SOL price is consolidating and might aim for a fresh increase above the $140 resistance zone.

Solana still has serious ground to cover, but if major financial institutions start showing a preference for Solana, things could change.

Solana co-founder and chief executive officer of Solana, Anatoly Yakovenko, has recently remained highly critical of the administration of Joe Biden. He has rebuked the US government for its ineptitude in creating jobs and encouraging employment opportunities at the local levels.

Since falling from $160 on September 30, the Solana (SOL) price has continued to hit lower levels. Recent data suggests that the token might drop to a region it has not reached in almost a month.

Lately, top meme based cryptocurrencies like Shiba Inu (SHIB) and Pepe (PEPE) have been witnessing a spike in their prices. This bullish trend appears to have extended to Solana based meme coin Bonk (BONK), as its price movements has been showing signs of an impending bullish surge.

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Solana has hit the key $137 support level, and the bulls are now facing intense pressure to prevent a downward breakout. With the market momentum hanging in the balance, all eyes are on whether the bulls can defend this critical zone and spark a potential rebound.

Tron price is one of the few crypto assets that are up during the current market turmoil. The coin has gained 0.2% in the last 24 hours and is trading at $0.1539.

The recent bearish momentum has made SOL critical, leaving traders wondering whether it will hold above this key support or slip further.

The Solana price has dropped by 6.5% today, falling to $135 as the crypto market as a whole loses 3% in 24 hours.

Whistleblower Edward Snowden has faced a backlash from the Solana (SOL) community following his remarks about the blockchain's alleged centralization during his keynote speech at Token 2049 in Singapore.

As the crypto market experiences a broad correction, Shiba Inu Coin (SHIB) and Solana (SOL) are also trading downward. Despite its strong fundamentals, Investors are left wondering how a potential surge in Solana's price to $2,000 could affect Shiba Inu's performance.

The crypto markets are plunging. The Bitcoin price is about to lose the pivotal support at $60,000. The growing uncertainties following the warlike situation between the two countries have heavily impacted the traditional financial markets and the crypto markets as well.

Solana continued its downward trend, falling for four consecutive days as a sea of red engulfed the crypto industry. Solana (SOL), the fifth-biggest cryptocurrency, retreated to $135 on Thursday, Oct. 3, its lowest point in over three weeks.

The 2024 U.S. presidential election looms, discussions about its impact on the cryptocurrency market have taken center stage. Among the voices weighing in is Eric Balchunas, a notable analyst at Bloomberg.

The cryptocurrency markets continued to drop for the second day in a row, with major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), firmly entrenched in the red. BTC slumped to a low of $60,031 before recovering and is currently trading around the $61,300 mark.

Edward Snowden, whistleblower and privacy advocate, sharply criticized Solana's approach to blockchain at the Token2049 conference in Singapore. His remarks reignite the debate over the delicate balance between performance and decentralization in the crypto ecosystem.

Solana (SOL) is trading lower after reaching resistance at $160. Since the August 5 price drop, the cryptocurrency has been trading above the $120 support but below the moving average lines or resistance at $160.