Solana Surges with Strategic Moves and Strong Market Reactions
Main Idea
Solana's price stabilized at a weekly peak of $200, with significant market reactions following the SEC's approval of a 'direct swap' model for cryptocurrency ETFs, leading to a surge in staked SOL coins and heightened investor interest.
Key Points
1. Solana's price stabilized at $200, with market participants closely watching the Federal Reserve's pending interest rate decision.
2. The SEC approved a 'direct swap' model for cryptocurrency ETFs, sparking strong reactions in the Solana market.
3. Investors staked 4.1 million SOL in a single day, reducing supply on exchanges and increasing the total staked SOL from 397.8 million to 401.9 million.
4. Technical indicators suggest key resistance levels at $202.37, with potential for stable closures above $200 in August, possibly reaching $220.
5. The MACD indicator dropped below its signal line, favoring sellers, with a daily closing below $175 potentially leading to a support zone around $160.
Description
Solana stabilized at $180, maintaining investor confidence with strategic staking activity. Investors staked 4.1 million SOL, lowering exchange supply and mitigating selling pressure. Continue Reading: Solana Surges with Strategic Moves and Strong Market Reactions The post Solana Surges with Strategic Moves and Strong Market Reactions appeared first on COINTURK NEWS .
Latest News
- XRP Surges: Crucial Movements Shape The Crypto Landscape2025-08-01 06:44:16
- Discover How Global Dynamics Shape Cryptocurrency Markets2025-08-01 06:25:09
- Robert Kiyosaki Warns of Economic Crisis; Advises Alternative Investments2025-08-01 02:12:07
- Strategy Raises $4.2 Billion to Bolster Bitcoin Holdings2025-08-01 00:58:24
- The Investors’ New Zero-Friction Weapon — Download with No Account and Catch the First Jump2025-08-01 00:30:34