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Solana

SOLUSD

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72.530

-0.160-0.22%

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Market Movers:Solana (SOLUSD) Is up 2.32% on Aug 2: Key Drivers to Watch

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View Detailed Chart

TradingKey Chart

Time

15m

30m

Today

-0.19%

5 Days

-1.23%

1 Month

-5.06%

6 Months

-30.49%

Year to Date

-41.44%

1 Year

-55.52%

View Detailed Chart

TradingKey Chart

Key Data Points

Opening Price

72.730

Previous Closing Price

72.690

Price Range of the Day

72.50073.330

52-Week Price Range

59.870252.380

Indicators

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The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.

This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.

Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.

15m

30m

15m

D

Sell

Sell(8)

Neutral(2)

Buy(3)

Indicators

Sell(3)

Neutral(2)

Buy(2)

Indicators

Value

Direction

MACD(12,26,9)

-0.768

Sell

RSI(14)

46.204

Neutral

STOCH(KDJ)(9,3,3)

30.288

Buy

ATR(14)

2.339

Low Volatility

CCI(14)

-74.799

Neutral

Williams %R

62.606

Sell

TRIX(12,20)

-0.172

Sell

StochRSI(14)

93.853

Buy

Moving Average

Sell(5)

Neutral(0)

Buy(1)

Indicators

Value

Direction

MA5

72.068

Buy

MA10

72.893

Sell

MA20

74.286

Sell

MA50

74.005

Sell

MA100

77.779

Sell

MA200

85.299

Sell

Solana News

Solana (SOLUSD) Is up 2.32% on Aug 2: Key Drivers to Watch

• Solana price appreciation reflects favorable macro liquidity and sustained institutional demand. • Net inflows into spot exchange-traded products have reduced available liquid token supply. • Technical indicators including MACD and Williams %R currently signal a sell condition.

TradingKey19 hours ago

Solana (SOLUSD) Suddenly Goes down 1.08% on Aug 1: What's Driving This

• High interest rate expectations are driving investor rotation out of high-beta digital assets. • Reduced institutional inflows and slowing on-chain activity have weakened Solana’s market momentum. • Technical indicators, including MACD and liquidations, reflect significant downward price pressure on Solana.

TradingKeySat, Aug 1

Solana Price Forecast: SOL nears triangle pattern breakout amid firm retail support

Solana (SOL) is trading below $75.00 on Friday, testing a crucial support trendline of a symmetrical triangle pattern. SOL-focused Exchange Traded Funds (ETFs) recorded $403,890 in inflows on Thursday, while retail demand holds firm with rising funding rates.

FxstreetFri, Jul 31

Solana (SOLUSD) Is down 1.01% on Jul 31: Why It Happened

• Solana declined due to Federal Reserve hawkishness and tightening global dollar liquidity. • Institutional capital flows shifted from net inflows to outflows for spot Solana products. • Derivatives markets experienced significant long liquidations, contributing to recent downward price pressure.

TradingKeyFri, Jul 31

Solana (SOLUSD) Volatility Intensified on Jul 30: What You Should Know

• Solana price growth reflects institutional demand via spot ETF products and market risk sentiment. • Network metrics show increased capital inflows into liquid staking protocols and DePIN projects. • Technical indicators including MACD and Williams %R currently signal potential selling pressure.

TradingKeyThu, Jul 30

Solana (SOLUSD) Is down 1.51% on Jul 29: Key Drivers to Watch

• Solana price declined due to rising U.S. Treasury yields and a stronger dollar. • Institutional profit-taking and reduced inflows are currently driving Solana market consolidation. • Long liquidations in perpetual futures markets accelerated the recent downward price movement.

TradingKeyWed, Jul 29

More Details of Solana

Solana is a highly functional open-source project leveraging blockchain technology’s permissionless nature to offer decentralized finance (DeFi) solutions. Initially conceptualized in 2017, Solana was officially launched in March 2020 by the Solana Foundation, headquartered in Geneva, Switzerland. The Solana protocol is engineered to facilitate decentralized application (DApp) creation, aiming to enhance scalability through a unique combination of proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms. This innovative hybrid consensus model has garnered interest from both retail and institutional traders. The Solana Foundation is dedicated to expanding the accessibility of decentralized finance on a global scale.

Who are the founders of Solana (SOL)?

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Solana was founded in 2017 by Anatoly Yakovenko, a former Qualcomm engineer. The other co-founders are Greg Fitzgerald, a former Dropbox engineer, and Eric Williams, a former Qualcomm engineer. The team has extensive experience in building distributed systems and crypto protocols.

What makes Solana(SOL) unique?

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Solana's unique combination of Proof of History (PoH), Proof of Stake (PoS), and several other throughput-optimizing technologies creates a blockchain that is exceptionally fast, secure, and scalable. This innovative design makes Solana an attractive and versatile platform for a wide range of blockchain applications, including decentralized finance (DeFi), decentralized applications (DApps), and non-fungible tokens (NFTs). Solana's high-performance capabilities, along with its focus on decentralization, make it a compelling choice for developers and users seeking a scalable and efficient blockchain solution.

How fast are Solana transactions?

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Solana is one of the fastest blockchains. According to its Official website, it is capable of processing up to 65,000 transactions per second. However, the website also notes that more complex transactions might take more time to process.