DeFi News Daily Official TheBitTimes.com

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Although Solana (SOL) is facing increased selling pressure in line with broader cryptocurrency market sentiment, technical indicators suggest the asset may be preparing for a notable rally. Specifically, prominent online analyst TradingShot has observed that Solana has been trading within a rising channel since June, which forms part of a broader Fibonacci channel that began in early April. In a TradingView post on September 22, the analyst noted that after gaining more than 63% in its last bullish leg, SOL is now undergoing a pullback, mirroring a previous move where prices retraced to the 50-day moving average (MA) and the 0.5 Fibonacci retracement level before resuming their upward trajectory. SOL price analysis chart. Source: TradingView The Analysis points to a similar setup now forming, with the price likely to test support around the 50-day MA before rebounding. If this pattern repeats, Solana could rally roughly 63% in the medium term, potentially pushing...

Solana co-founder Anatoly “Toly” Yakovenko has called for Solana (SOL) validators who delay slots, steal rewards, and slow down the network to be punished. Yakovenko called for the punishments after becoming frustrated at validators using sophisticated delay tactics to gobble up extra fees and high-value transactions. Purposefully delayed slot times have become such an annoyance that one validator created a dashboard to illustrate the problem. Since August 5 — Solana epoch 829 — average slot time has increased 2.5%. “It’s the SOL price that should be rising — not the block time,” someone complained. One observer asked whether the delays could cascade into a “2.0” repeat performance of intentional leader reward boost (ILRB). ILRB is a timing tactic used by validators who want to deliberately delay block production. Extending slot times beyond Solana’s intended 400ms intentionally delays latency and allows them to unfairly pack more trans...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

After Solana (SOL) broke through the key $200 psychological level, a trading expert projects that the cryptocurrency still has momentum, with a potential path toward $1,000. According to Master Ananda’s outlook, the ongoing rally marks the start of a much larger bullish cycle. He noted that while Solana’s recovery may feel gradual, the move from the April 7 low to July 21,  just 98 days, is relatively quick, as he explained in a TradingView post on July 21. SOL price analysis chart. Source: TradingView With an all-time high of $295, Ananda believes resistance will be cleared with ease, similar to Bitcoin’s (BTC) recent breakout, which culminated in a record high above $123,000.  The expert now expects Solana to reach $420 in the mid-term, with $620 and $1,000 as potential upside targets in the current bull market. Notably, a rally to $1,000 would mark a 400% gain from current levels. Technically, Solana recently broke out of a long-term ...

Solana (SOL) could be poised to climb as high as $620 in the coming months, according to a trading analyst who also sees the potential for the DeFi asset to rally all the way to $1,000. This bullish outlook comes as SOL recovers from a dip on June 6, when it touched the weekly low of $141. As of press time, the token was trading at $149.52, down 1.5% over the past 24 hours. SOL one-week price chart. Source: Finbold Solana is facing short-term bearish pressure, with the price lingering below the 50-day simple moving average (SMA) of $161 and the 200-day SMA at $164.19. A decisive break above the 200-day SMA could confirm a trend reversal and ignite renewed bullish momentum. The 14-day relative strength index (RSI) is 40.14, indicating mild bearish pressure without entering oversold territory. SOL’s path to $620 From a technical standpoint, analyst Master Ananda shared a TradingView post on June 6 outlining a potential path for SOL to reach $620, with a min...

Solana (SOL) has emerged as a solid competitor to Ethereum (ETH). The SOL network has seen incredible growth over the last few years. Transaction fees and time have also seen a dramatic decline on the SOL network. These aspects have led to many developers choosing the SOL network over ETH. Also Read: De-dollarization: Devere CEO Warns Dollar Supremacy Cracking as Asia Dumps USD Solana’s Price If Its Market Cap Equals Ethereum Source: Blockworks Ethereum (ETH) has a market cap of about $222.33 billion. Solana (SOL), on the other hand, has a circulating supply of about 520 million coins. Also Read: $280 Price Target Projected for Amazon Stock (AMZN) Let’s assume that the number of SOL coins in circulation remains the same. In this scenario, the price of each coin will hit $427.56. SOL’s price will rally by about 189.69% if it hits the $427.56 target. Reaching $427.56 will also be a new all-time high for the asset. When Will the Asset Breach the $400 Mark? Solana (SOL) ha...

The 2025 market hasn’t been kind to most cryptocurrencies, as some of the biggest digital assets have suffered significant year-to-date (YTD) losses or, at best, traded mostly sideways. The most recent trading, however, provided a positive break from the prevailing trends, as cryptocurrencies proved relatively unfazed by the latest set of stock market shocks, and a handful of altcoins enjoyed strong rallies. Top April altcoin: Solana (SOL) After suffering a dizzying fall between late January and early April, which took it from approximately $250 to just above $105, Solana (SOL) has regained positive momentum. At press time, it is 11.71% up in the weekly chart and is changing hands at $133.67. SOL one-week price chart. Source: Finbold Simultaneously, SOL enjoyed the biggest one-week market capitalization gains among the major digital assets, as the token’s total valuation rose from $61.5 billion to $68.6 billion. Elsewhere, technical Analysis (TA) indicates...

Cryptocurrency trader and analyst Ali Martinez is leaning bearish on Solana (SOL) while updating his outlook on Bitcoin (BTC) and Ethereum (ETH). Starting with Solana, Martinez tells his 135,500 followers on the social media platform X that the sixth-largest crypto asset by market cap could fall by up to 48% from the current level if SOL fails to break above the resistance area that lies below the $138 price. “For all we know, Solana might be retesting the breakout zone from a right-angled ascending broadening pattern, with the $65 target still in play.” Source: Ali Martinez/ X Solana is trading at $125 at time of writing. Turning to Bitcoin, Martinez says that the crypto king’s support zone at around $82,024 is a “level worth watching closely” as 96,580 BTC were accumulated at that price, according to data from analytics platform Glassnode. Accumulation patterns are on-chain metrics used to determine where buyer interest could potentially be found i...

Any casual observer of blockchain dashboards might have been impressed with Solana last week as its 355 million transactions seemingly outpaced all other blockchains across that seven-day period. Supporting the view that Solana needs extra capacity to accommodate demand, engineers implemented SIMD-0207 to increase the blockchain’s block size by 4%.  However, the headline that its transactions surpassed all other blockchains drastically overstates Solana’s meaningful usage . In contrast to Solana’s mostly computational, non-financial transactions, transactions on other blockchains are predominantly authorizations to move actual money.  For example, in contrast to the Bitcoin blockchain, where the overwhelming majority of transactions involve the movement of funds, Solana’s blockchain is mostly filled with “program interactions.” These non-financial voting actions among proof-of-stake participants are tantamount to computers sending commands to one another.  ...