Solana

Solana (SOL) trades at a two-month low below $90.00 on Friday, following over 6% losses the previous day as the broader cryptocurrency market hit over $1 billion in liquidations.

Top altcoins, including Ripple (XRP), Cardano (ADA), and Solana (SOL) are trading in the green on Thursday, extending a steady recovery so far this week, driven by the post-US midterms relief.

Top altcoins, including Ripple (XRP), Cardano (ADA), and Solana (SOL), remain weak ahead of the US midterm elections on Tuesday, as last week's $6.3 billion Binance hack has dampened social sentiment.

• Solana capital inflows stemmed from tactical recovery, short covering, and improved risk sentiment. • Network developments and the Alpenglow upgrade supported fundamental blockchain infrastructure growth. • ETF outflows, exchange transfers, and negative MACD indicators maintained structural overhead pressure.

Solana (SOL) remains under pressure on Monday, hovering around $95.48 after extending its losing streak to five consecutive weeks.

• Solana defended key support levels, sparking short covering and spot accumulation. • Enterprise ecosystem growth and tokenized real-world assets attract institutional allocators. • Technical indicators show a MACD sell signal and oversold Williams %R.