 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
Cryptocurrency News Articles
PayPal Integrates Its Cryptocurrency (PYUSD) with the Solana Blockchain
May 30, 2024 at 09:01 pm
Despite this positive development, Solana enthusiasts faced a setback with recent news from an article published by “Bitcoin.com.”
Solana price analysis reveals a bearish trend on Monday as the crypto price underwent a sharp decline after recent gains. The crypto price dropped by 3.7% to reach a trading price of $146.0 at press time. This bearish trend follows a surge in Solana price on Friday after news of PayPal’s stablecoin integration with the Solana blockchain.
Solana price chart by Tradingview
Solana price analysis on Monday shows a bearish trend after a recent surge in crypto price. SOL price decreased by 3.7% in the last 24 hours and reached a trading price of $146.0 at press time.
However, despite the bearish trend, SOL crypto price showed support at several levels. The immediate support level for SOL crypto is at $141.0. After this, the next support levels are at $130.0 and $119.0.
On the other hand, the immediate resistance level for SOL crypto is at $154.0. After this, the next resistance levels are at $170.0 and $180.0.
Solana price analysis: Recent developments
Solana price surged on Friday after news of PayPal’s stablecoin integration with the Solana blockchain. This integration aims to enable users to convert their crypto holdings into fiat currencies for payments at online merchants.
Solana price also reacted to news from JP Morgan, which stated that the SEC is unlikely to approve ETFs for several cryptocurrencies, including Solana and XRP. This news brought disappointment to crypto enthusiasts who were anticipating the approval of Solana ETFs.
Solana price technical analysis
Technical analysis of Solana price chart on Monday shows a positive overall trend, with several support points and a dynamic trendline on the lower side.
Crypto price is further seen breaking above a crucial resistance and traders can expect a further surge to higher levels in crypto if the most recent swing high is taken out.
Despite this, the most recent price action shows profit booking in crypto.
SOL/USD Chart by TradingView
Technical indicators on the daily chart of SOL crypto further showed strength in the trading price of the crypto.
The 50-day and the 200-day EMAs are both seen trading in a golden crossover, and the price has also advanced above the following EMAs.
However, the MACD showed uncertainty in the price as its metrics overlap each other.
RSI, on the other hand, has sustained above the 50 level and is currently trading below the 14-day SMA, showing temporary volatility in the price of the crypto.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Bitcoin, CPI Week, and Pepeto: Navigating Market Volatility for Potential Gains
- Oct 13, 2026 at 04:05 am
- As CPI week approaches, the crypto market holds its breath. Bitcoin hovers near key resistance levels, while the innovative Pepeto presale offers a different path to potential returns, attracting early adopters seeking significant growth.
-
- Kaspa Founder, Kaspa Community, Growing Criticism: The Silent Scientist vs. The Roaring Crowd
- Oct 13, 2026 at 04:05 am
- Amidst rising criticism, Kaspa founder Yonatan Sompolinsky's silence is viewed by supporters as a strategic strength, drawing more attention to the project and its robust technical foundations.
-
- Uniswap's Unichain Embraces OP Enterprise for a Supercharged Future in Interoperability
- Oct 13, 2026 at 04:05 am
- Uniswap's Unichain is making a strategic move to OP Enterprise, aiming for native interoperability within the Optimism Superchain, with key migration dates set for October 2026. This upgrade signals a future of seamless cross-chain asset flows and enhanced developer opportunities.
-
- Hardware Wallets & Crypto Security: Navigating the Shifting Sands of Digital Custody in NYC
- Oct 13, 2026 at 03:59 am
- Recent hardware wallet compromises, particularly the Ledger incident, have ignited a crucial debate in the crypto world: are self-custody devices truly safer than exchange-traded funds (ETFs)? This news release delves into the evolving landscape of crypto security, supply chain vulnerabilities, and the ongoing quest for robust digital asset protection, all with a nod to the savvy New Yorker.
-
-
- DeepSeek Invests Big in Robot Brains with Ex-Tencent Scientist's Startup
- Oct 13, 2026 at 03:55 am
- DeepSeek is leading a seed round for Winverse AI, a robotics startup founded by an ex-Tencent scientist, signaling a major push into real-world AI applications and a competitive move in the robotics space.
-
-
- Tether Freezes $10M in USDT Tied to CryptoBilis Ledger Theft: A Deep Dive into Stablecoin Security
- Oct 13, 2026 at 12:05 am
- Tether has frozen $10 million in USDT connected to the CryptoBilis Ledger wallet theft, highlighting the ongoing debate about centralized stablecoin controls versus decentralized crypto principles.
-
