Solana (SOL) has experienced notable volatility in the past few days, trading around $133.75, with institutional outflows impacting its market performance. Over the past month, Solana has seen $34.3 million in institutional outflows, marking it as one of the least favored crypto assets. This has led to price declines below key support levels at $150 and $142, with SOL currently testing the $128 support level. It remains below its 100-hour moving average, struggling to regain momentum​(CryptoNews)​(CryptoNews).

Solana (SOL), one of the most active blockchain networks, is witnessing a surge in development activity despite facing downward pressure in the market. Over the past week, SOL has seen a 10% decline, battling to hold support around $140. On-chain data shows a contrasting picture: daily transaction volume has dropped 33% since late July, but the platform’s Total Value Locked (TVL) has increased by 5% in the past month. This surge in TVL indicates strong activity within Solana’s DeFi ecosystem, reflecting investor confidence even as the token struggles to maintain price momentum​(Watcher Guru)​(FX Leaders).

The FTX estate has reportedly staked 5.5 million Solana (SOL), worth $122 million. This development comes amidst fears of the defunct crypto exchange liquidating a substantial portion of its SOL holdings and inducing a bearish trend.

A closely followed crypto strategist says that besides Bitcoin (BTC) and Ethereum (ETH), there are only three other projects he’s bullish on.

Alameda FUD turned out to be less severe than anticipated, one analyst noted.

Over the last 12 hours, Solana ( SOL ) has maintained a steady position, trading around $154.64 , reflecting a 1.4% decline in the past 24 hours but a 6.9% increase over the last week. The current market cap sits at $73.5 billion , with a 24-hour trading volume of $3.2 billion . Solana’s recent price surge has been fueled by several key developments, including new product launches and institutional backing​( CoinGecko )​( CoinMarketCap ).

QCAD by Stablecorp, rare CAD-pegged stablecoin, kicks off on Solana (SOL) to unlock wave of opportunities for FX traders

"I believed the funds came from Alameda’s operating profits" as well as third-party lenders, he testified Friday at his fraud and conspiracy trial.

Solana Labs and Google Cloud have teamed up to introduce “Gameshift,” a new gaming development API designed to bridge the gap between traditional Web2 experiences and Web3 technologies like blockchain and digital asset management. The announcement was made at the 2024 Solana Breakpoint conference during the “Gamer Village” events. Solana Labs and Google Cloud have teamed up to introduce “Gameshift,” a new gaming development API designed to bridge the gap between traditional Web2 experiences and Web3 technologies like blockchain and digital asset management. The announcement was made at the 2024 Solana Breakpoint conference during the “Gamer Village” events.

Solana (SOL) has experienced a strong bullish trend over the past 12 hours, with its price surging to around $170, marking a new two-month high. This rally has been driven by both technical patterns and derivative traders increasing their long positions. The formation of an inverse head-and-shoulders pattern has ignited bullish sentiment, signaling a potential trend reversal that could push SOL toward the $190 to $250 range by the end of October​ (blockonomi)(Crypto2Community).

Market Overview (Past 24-72 Hours): Solana ( SOL ) has faced significant market pressure in recent weeks, with its price dropping to approximately $132.69. Over $10 billion has exited Solana’s market cap in the past 30 days, with much of the downward movement linked to broader cryptocurrency market trends and weakening on-chain activity. Notably, the emergence of meme coins, which once bolstered Solana, has intensified selling pressure​ ( Cointelegraph , Finbold ).

Crypto traders are talking about the SOL price falling due to the risk of FTX selling its $1.06 billion Solana stake. Are they overexaggerating?

Solana's price signals bullish trend reversal with a break of 600-day line, but crucial long-term resistance still obstructs its rise.

The $30 million transfer takes the total SOL moved to exchanges to $102 million, the most out of any liquid asset, while the token's price is near the highest in a year.

In the last 12 hours, Solana (SOL) has maintained stability, trading around $182, with a modest increase of 4.55%. The market cap is currently hovering at $63.1 billion, while 24-hour trading volume has surged to $1.5 billion, indicating growing interest and liquidity in the market. This positive movement comes amidst Solana’s continued expansion in decentralized finance (DeFi) and non-fungible tokens (NFTs), further solidifying its position as a key competitor to Ethereum​(Investing.com)​(CoinMarketCap).

The Solana token's massive rally this year increases the odds that FTX customers will recoup all their lost money.

BONK, a memecoin based on the Solana (SOL) network, has seen a significant price rise since November. The memecoin’s price remained stagnant for most of 2023 but has skyrocketed over the last month.

The Solana token's massive rally this year increases the odds that FTX customers will recoup all their lost money.

Solana (SOL) is on a bullish run today as it joins the altcoin resurgence on the market. At the time of writing, the coin is up by 7.2% over the past 24 hours to $24.79, and in the past week, the coin has printed a total growth of 16%.

Some community members have already pushed back against the idea.