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Solana

SOLUSD
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89.850

+3.260+3.77%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
M
D

Today

+3.94%

5 Days

+19.65%

1 Month

+17.07%

6 Months

+6.93%

Year to Date

-27.36%

1 Year

-51.72%

Key Data Points

Opening Price

86.770

Previous Closing Price

86.590
Price Range of the Day
86.19090.090
52-Week Price Range
59.870252.380

Recent

Analysis

Solana Price Forecast: ETF inflows, improving liquidity conditions lift SOL

Solana (SOL) extends its strong weekly gains, up more than 19% so far this week, and is approaching the key 200-day EMA at $89 on Friday. This bullish price action is supported by crypto markets continuing to cheer the US Treasury’s decision to double its debt buyback operations.

Fxstreetan hour ago

Solana (SOLUSD) Suddenly Goes up 1.88% on Aug 21: What's Driving This

• Solana advanced following the Agave upgrade, reducing slot time to 350 milliseconds. • Favorable macroeconomic liquidity and steady institutional ETP inflows reinforced token upside momentum. • Technical indicators show a MACD buy signal and an overbought RSI condition.

TradingKey2 hours ago

Top Altcoins Price Forecast: Ripple rallies above $1, Solana eyes $85, Cardano eases gains

Top altcoins, such as Ripple (XRP), Solana (SOL), and Cardano (ADA), are holding steady on Thursday after a bullish rebound as the broader crypto market rebounds on US Treasury bond buybacks. The technical outlook for XRP and SOL suggests further upside, while ADA risks losing the recent gains.

FxstreetThu, Aug 20

Solana (SOLUSD) Suddenly Goes up 1.05% on Aug 20: What You Need to Watch

• Spot Solana exchange-traded products drove sustained institutional capital inflows and liquidity. • Validator upgrades and high on-chain network utilization supported investor sentiment. • Technical indicators like the MACD and RSI signaled strong buying conditions.

TradingKeyThu, Aug 20

Solana (SOLUSD) Is up 1.01% on Aug 19: Key Drivers to Watch

• Institutional allocations and whale accumulation drove capital inflows into Solana. • Ecosystem expansion and protocol upgrades strengthened institutional long-term adoption expectations. • Technical indicators show a MACD buy signal and neutral RSI.

TradingKeyWed, Aug 19

Solana (SOLUSD) Fluctuated Significantly on Aug 18: Key Variables Behind the Move

• Solana gained from capital inflows, strong DEX volume, and real-world asset net inflows. • The Agave client upgrade optimized state rent fees and block processing efficiency. • Short covering amplified upward momentum while institutional investors monitored macroeconomic risk factors.

TradingKeyTue, Aug 18

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(0)
Buy(8)
Indicators
Sell(1)
Neutral(0)
Buy(2)
Indicators
Value
Direction
MACD(12,26,9)
3.209
Buy
RSI(14)
79.794
Buy
STOCH(KDJ)(9,3,3)
92.744
Overbought
ATR(14)
2.559
Low Volatility
CCI(14)
229.790
Overbought
Williams %R
1.666
Overbought
TRIX(12,20)
0.287
Sell
StochRSI(14)
100.000
Overbought
Moving Average
Sell(0)
Neutral(0)
Buy(6)
Indicators
Value
Direction
MA5
81.998
Buy
MA10
78.287
Buy
MA20
76.088
Buy
MA50
75.927
Buy
MA100
75.646
Buy
MA200
80.654
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

89.850
+3.260+3.77%
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