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Solana

SOLUSD

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101.750

-1.350-1.31%

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Market Movers:Solana (SOLUSD) Suddenly Goes down 1.06% on Sep 8: What You Need to Watch

Discussions

TradingKey Chart

Time

15m

30m

Today

-1.28%

5 Days

-0.94%

1 Month

+39.75%

6 Months

+22.76%

Year to Date

-17.85%

1 Year

-50.11%

Key Data Points

Opening Price

102.860

Previous Closing Price

103.100

Price Range of the Day

101.450103.530

52-Week Price Range

59.870252.380

• Macroeconomic pressures and tighter U.S. monetary policy caused Solana to pull back. • Institutional ETF creations decelerated in early September, reducing net buying demand. • Derivatives trading showed profit-taking, long liquidations, and normalized funding rates.

TradingKey3 hours ago

Solana (SOLUSD) Is down 1.03% on Sep 7: Key Drivers to Watch

• Solana faced downside pressure due to macro headwinds and technical resistance profit-taking. • Derivatives showed long position unwinding as momentum indicators signaled short-term market exhaustion. • On-chain metrics and network activity remain supportive despite the routine technical consolidation.

TradingKeyMon, Sep 7

Solana (SOLUSD) Is up 2.66% on Sep 6: What Are the Risk Factors?

• Solana advanced due to persistent institutional spot demand and record ETF inflows. • On-chain fundamentals strengthened with expanding decentralized finance activity and real-world asset tokenization. • Technical indicators show neutral MACD and RSI values alongside a buy Williams %R.

TradingKeySun, Sep 6

Solana (SOLUSD) Is up 1.00% on Sep 5: What Are the Risk Factors?

• SEC listing approvals and institutional inflows supported Solana's upward movement. • Robust spot ETF inflows surpassed $1.3 billion, driving structural demand. • High decentralized exchange volume and protocol upgrades reinforced network fundamentals.

TradingKeySat, Sep 5

Solana (SOLUSD) Suddenly Goes down 1.17% on Sep 4: What You Need to Watch

• Solana faced an intraday pullback due to profit taking and leveraged long liquidations. • Scheduled token unlocks and macroeconomic caution constrained broader digital asset market dynamics. • Technical indicators show a neutral RSI alongside buy signals from MACD and Williams %R.

TradingKeyFri, Sep 4

Top Altcoins Price Prediction: Ripple, Cardano, Solana – Bulls defend key support levels

Ripple (XRP), Cardano (ADA), and Solana (SOL) show mild gains on Thursday, holding at crucial support levels amid easing bullish momentum. The technical outlook for XRP, ADA, and SOL indicates downside risk as the US-Iran war weighs on the broader crypto market.

FxstreetThu, Sep 3

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

Neutral

Sell(4)

Neutral(5)

Buy(4)

Indicators

Sell(2)

Neutral(5)

Buy(0)

Indicators

Value

Direction

MACD(12,26,9)

-1.167

Neutral

RSI(14)

61.641

Neutral

STOCH(KDJ)(9,3,3)

59.139

Neutral

ATR(14)

4.943

High Vlolatility

CCI(14)

4.346

Neutral

Williams %R

50.545

Neutral

TRIX(12,20)

1.092

Sell

StochRSI(14)

0.000

Sell

Moving Average

Sell(2)

Neutral(0)

Buy(4)

Indicators

Value

Direction

MA5

102.504

Sell

MA10

102.077

Sell

MA20

99.398

Buy

MA50

84.368

Buy

MA100

78.428

Buy

MA200

82.051

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)?

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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.