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Solana

SOLUSD
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109.700

-0.650-0.59%
TradingKey Chart
Time
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30m
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Today

-0.53%

5 Days

-7.61%

1 Month

+10.82%

6 Months

+29.03%

Year to Date

-11.40%

1 Year

-43.97%

Key Data Points

Opening Price

110.060

Previous Closing Price

110.350
Price Range of the Day
109.010110.130
52-Week Price Range
59.870210.310
Recent
Analysis
Solana (SOLUSD) Suddenly Goes down 1.09% on Oct 11: What's Driving This

• Solana price declined due to exchange inflows and macroeconomic headwinds. • Mainnet performance upgrades triggered a sell-the-news market reaction. • Derivatives deleveraging and spot outflows compounded downward price momentum.

TradingKey18 hours ago
Solana (SOLUSD) Suddenly Goes up 1.17% on Oct 10: What You Need to Watch

• Solana implemented 200-millisecond slot times, halving block production intervals. • Institutional settlement frameworks and stablecoin integration boosted capital allocation. • Derivatives short liquidations amplified the intraday price advance.

TradingKeySat, Oct 10
Top Altcoins Price Forecast: Ripple, Cardano, Solana – Sellers in control flag further downside risk

Top altcoins, including Ripple (XRP), Cardano (ADA), and Solana (SOL), are facing near-term selling pressure, extending losses so far this week. Ripple and Solana witness reduced institutional support, while Cardano follows suit.

FxstreetThu, Oct 8
Solana (SOLUSD) Suddenly Goes down 1.12% on Oct 8: What's Driving This

• Solana declined amid macro tightening, elevated yields, and widespread derivatives liquidations. • Enterprise milestones and stablecoin payment integrations support Solana's fundamental network growth. • Technical indicators show neutral MACD and RSI values with oversold Williams %R.

TradingKeyThu, Oct 8
Samsung partners with Solana to integrate stablecoins into US Galaxy devices

Samsung announced a partnership with Solana (SOL) to integrate the US Dollar stablecoin issued by Circle, USDC, into US Galaxy devices, supporting cross-border remittances.

FxstreetThu, Oct 8
Solana (SOLUSD) Is down 1.11% on Oct 7: Why It Happened

• Digital asset markets consolidated ahead of macroeconomic catalysts and Federal Reserve policy minutes. • Solana experienced profit-taking following its new institutional settlement framework and reduced leverage. • Technical indicators show mixed signals with neutral MACD, neutral RSI, and buy Williams %R.

TradingKeyWed, Oct 7

Solana Technical Analysis

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Technical Indicators

Sell

Summary

Neutral

Moving Average

Neutral

About 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

109.700
-0.650-0.59%
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