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Solana

SOLUSD
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104.150

-0.080-0.08%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
M
D

Today

-0.04%

5 Days

+11.56%

1 Month

+45.42%

6 Months

+26.18%

Year to Date

-15.91%

1 Year

-47.94%

Key Data Points

Opening Price

104.250

Previous Closing Price

104.230
Price Range of the Day
103.690104.470
52-Week Price Range
59.870252.380

Recent

Analysis

Solana (SOLUSD) Is up 1.09% on Aug 29: Why It Happened

• Proposal SGP-0002 accelerated Solana's annual issuance reduction to 30 percent. • Cumulative inflows into spot Solana exchange-traded funds reached record levels. • Technical indicators show a MACD buy signal and overbought RSI.

TradingKey16 hours ago

Solana community narrowly approves double disinflation proposal in dramatic governance vote

The Solana (SOL) community on Friday approved a proposal to accelerate the reduction of SOL token issuance.

FxstreetSat, Aug 29

Top Altcoins Price Forecast: Ripple eases to $1.40, Solana hits $100, DOGE capped below $0.10

Ripple (XRP) and Dogecoin (DOGE) are facing downside pressure after double-digit gains last week, while Solana (SOL) extends its rally to $100. The technical outlook for XRP, SOL, and DOGE points to potential upside as the broader market sustains a risk-on sentiment.

FxstreetThu, Aug 27

Solana (SOLUSD) Is up 4.33% on Aug 27: Why It Happened

• Spot ETF inflows and macroeconomic liquidity supported Solana capital accumulation. • Governance proposals targeting token emission reductions boosted positive market sentiment. • Derivatives short covering and technical indicators reflected strong upward momentum.

TradingKeyThu, Aug 27

Top Altcoins Price Prediction: Ripple reclaims $1.50, Cardano eyes 200-day EMA, Solana tops $100

Ripple (XRP), Cardano (ADA) and Solana (SOL) are trading in the green on Tuesday, sustaining their double-digit gains from last week. The technical outlook for XRP, ADA, and SOL is bullish, with buying pressure mounting.

FxstreetTue, Aug 25

Solana (SOLUSD) Fluctuated Significantly on Aug 25: Key Variables Behind the Move

• Macro liquidity and spot ETF inflows boosted institutional Solana investment. • Network upgrades and token supply governance enhanced ecosystem confidence. • Derivatives short squeezes amplified price appreciation amid overbought technical indicators.

TradingKeyTue, Aug 25

Indicators

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.

1m
5m
15m
30m
1h
2h
4h
D
W
M
1m
5m
15m
D
Buy
Sell(1)
Neutral(2)
Buy(8)
Indicators
Sell(1)
Neutral(2)
Buy(2)
Indicators
Value
Direction
MACD(12,26,9)
3.742
Buy
RSI(14)
77.507
Buy
STOCH(KDJ)(9,3,3)
77.517
Neutral
ATR(14)
5.804
High Vlolatility
CCI(14)
91.914
Neutral
Williams %R
15.030
Overbought
TRIX(12,20)
1.439
Sell
StochRSI(14)
4.802
Oversold
Moving Average
Sell(0)
Neutral(0)
Buy(6)
Indicators
Value
Direction
MA5
103.030
Buy
MA10
98.471
Buy
MA20
87.641
Buy
MA50
79.599
Buy
MA100
76.772
Buy
MA200
81.229
Buy

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)?

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?

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?

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.

Solana

104.150
-0.080-0.08%
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