Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Solana witnessed a bearish continuation pattern after its recent breakdown. The altcoin’s funding rate across all exchanges slightly improved but still stood negative. Post the FTX drama, Solana’s [SOL] association with Sam-Bankman Fried propelled the altcoin […]
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.The altcoin’s funding rate across all exchanges slightly improved but still stood negative.association with Sam-Bankman Fried propelled the altcoin to lose over 60% of its value in a matter of few days. Consequently, SOL slipped below the vital $27-$30 range to enter a relatively low liquidity zone.
If buyers depict inclinations to reject lower prices at the immediate support, SOL could gather some momentum to test the $17-zone in the coming sessions. The Relative Strength Index continued its sway in the oversold region for nearly a week now. A plausible reversal from this zone can aid the buyers in easing the selling pressure.
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Evaluating the state of Solana [SOL] ecosystem post FTX demiseTVL held on Solana has declined by over 60%. User activity across the network also fell. SOL offered no respite to users as it has since fallen by 62%. Severely impacted by the sudden collapse of cryptocurrency exchange FTX, total value locked (TVL) held across decentralized finance (DeFi) protocols housed within the Solana [SOL] network […]
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Chiliz: Gauging if CHZ’s current bull run can offer ‘buying’ opportunitiesDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Over the last few days, Chiliz saw consistent gains as the buyers strived to reclaim a near-term edge. The altcoin’s Open Interest unveiled mixed signals at the time of writing. Chiliz’s [CHZ] recent bullish […]
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Binance halts USDC and USDT deposits on Solana in latest blow to the blockchain(Kitco News) - Binance announced Thursday morning that deposits of USD Coin (USDC) and tether (USDT) on the Solana blockchain “have been temporarily suspended until further notice,” causing the blockchain’s SOL token to test its post-FTX low of $12.45.
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Evaluating the state of Solana [SOL] ecosystem post FTX demiseTVL held on Solana has declined by over 60%. User activity across the network also fell. SOL offered no respite to users as it has since fallen by 62%. Severely impacted by the sudden collapse of cryptocurrency exchange FTX, total value locked (TVL) held across decentralized finance (DeFi) protocols housed within the Solana [SOL] network […]
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17 GOING ON 14 (DEMERITS): Youth fined $958 for speeding near ChelseaA 17\u002Dyear\u002Dold Gatineau youth has been hit with a $958 fine and has had his license suspended for seven days after he was caught travelling at 168 km/h on…
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Binance halts USDC and USDT deposits on Solana in latest blow to the blockchain(Kitco News) - Binance announced Thursday morning that deposits of USD Coin (USDC) and tether (USDT) on the Solana blockchain “have been temporarily suspended until further notice,” causing the blockchain’s SOL token to test its post-FTX low of $12.45.
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