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Solana

SOLUSD

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72.940

-0.440-0.60%



Market Movers:Solana (SOLUSD) Fluctuated Significantly on Aug 5: Key Variables Behind the Move

Discussions

View Detailed Chart

TradingKey Chart

Time

15m

30m

Today

-0.60%

5 Days

-0.15%

1 Month

-9.93%

6 Months

-7.26%

Year to Date

-41.13%

1 Year

-56.21%

View Detailed Chart

TradingKey Chart

Key Data Points

Opening Price

73.220

Previous Closing Price

73.380

Price Range of the Day

72.86073.340

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(6)

Neutral(3)

Buy(3)

Indicators

Sell(2)

Neutral(3)

Buy(1)

Indicators

Value

Direction

MACD(12,26,9)

-0.146

Sell

RSI(14)

48.264

Neutral

STOCH(KDJ)(9,3,3)

58.108

Buy

ATR(14)

2.281

Low Volatility

CCI(14)

-1.808

Neutral

Williams %R

52.327

Neutral

TRIX(12,20)

-0.188

Sell

StochRSI(14)

100.000

Overbought

Moving Average

Sell(4)

Neutral(0)

Buy(2)

Indicators

Value

Direction

MA5

72.552

Buy

MA10

72.788

Buy

MA20

73.894

Sell

MA50

74.103

Sell

MA100

77.417

Sell

MA200

84.249

Sell

Solana News

Solana (SOLUSD) Fluctuated Significantly on Aug 5: Key Variables Behind the Move

• Solana volatility reflects broader de-risking and rising U.S. Treasury yields. • On-chain metrics show cooling decentralized exchange volumes and declining active addresses. • Liquidations of overcrowded long positions have driven recent downward price momentum.

TradingKey10 hours ago

Solana (SOLUSD) Is down 1.02% on Aug 4: What Are the Risk Factors?

• Solana prices declined due to tightening liquidity and hawkish Federal Reserve interest rate expectations. • Net inflows to spot Solana exchange-traded products have decelerated, dampening overall market momentum. • On-chain data shows contraction in total value locked and reduced daily active addresses.

TradingKeyTue, Aug 4

Crypto Overview: GRAM declines as iOS removes Telegram, SOL rises on new catalysts

The GRAM (GRAM) token is extending losses on Tuesday as Apple pulled Telegram from its iOS App Store worldwide, while Algorand (ALGO) emerges as the top-performing crypto, extending its 5% gains from the previous day.

FxstreetTue, Aug 4

Solana Price Forecast: SOL risks a steeper decline below $70 despite steady ETF inflows

Solana (SOL) is trading in the red on Monday, losing bullish momentum and remaining capped below its 50-day Exponential Moving Average (EMA) at $75.68.

FxstreetMon, Aug 3

Solana (SOLUSD) Is down 1.09% on Aug 3: Key Drivers to Watch

• SOLUSD retracement reflects broad institutional de-risking amid shifting Treasury yields and dollar stabilization. • Decelerating spot SOL ETF inflows and long liquidations have increased downward intraday price pressure. • Technical indicators including MACD and Williams %R currently signal a sell for SOLUSD.

TradingKeyMon, Aug 3

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.

TradingKeySun, Aug 2

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.