Tag Archives: Solana

Solana (SOL) Analysis – 03Feb2025

Here is the weekly chart of Solana (SOL) token: SOL/USDT

https://s3.tradingview.com/snapshots/x/xHmslx1V.png

Solana (SOL) has been facing weakness for last three weeks (but it has been stronger than other crypto), and it made a low of $178 today, and bounced back from there, indicating good support at that level. It is currently at $195, which is a good price for buying, with possible targets of $250 in the next few weeks, and for longer term target of $365.

Disclaimer: This post is based on our technical analysis and it’s not financial advice. Thanks.

Trump Token Update -28Jan2025

Trump Token – 4 hour chart

$Trump Token – 4 hour chart — shows that the token is currently near $27, which was its launch price on Binance one week ago.

Binance is the world’s number#1 crypto exchange, and Trump token has been the most searched token on Binance for more than a week. Therefore, we can safely say that people worldwide have bought Trump token in the last 8 days, since 20th January.

The token is clearly testing support levels, and its an interesting buy at $27 for target $47, which was the closing price of week1 and opening price of week2.

Higher upside till $77 is visible on the monthly chart.

Trump Token – Monthly Chart

$Trump token is on Solana blockchain, so Solana token has also gained from the launch of Trump token.

 

Support for Solana Web3 applications by Alchemy the day after blockchain halted…

In an announcement by Alchemy only one day after the Solana network briefly ended on June 1, the Web3 advancement stage and framework supplier reported its help for the dubious blockchain.

Made by a bug that made it incomprehensible arrive at network agreement, the Solana blockchain was stopped for roughly four hours on Wednesday. This isn’t whenever the framework first has been compromised, as typical usefulness has been stopped multiple times currently this year.

That didn’t appear to be an issue for Alchemy, which enables designers to involve its product and framework in Solana-fabricated applications. Presently purportedly esteemed at $10.2 billion, the organization is the maker of a Web3 API called Alchemy Supernode and an improvement suite utilized for checking and investigating called Alchemy Build.

This product has substantiated itself helpful in the past while scaling and observing, with a portion of the organization’s greatest accomplices including projects like nonfungible symbolic commercial center OpenSea and liquidity convention Aave (AAVE).

Francesco Agosti, boss innovation official and fellow benefactor of Phantom, said his firm is amped up for Alchemy’s Solana combination. “Their foundation and item suite has a demonstrated history for execution benefits,” he said. “This will be a unique advantage for Phantom and some other Solana engineers who decide to begin utilizing Alchemy.”

That’s what this new reconciliation demonstrates, notwithstanding late blackouts and the value of Solana’s local SOL token falling 85% from its unsurpassed high, it seems like the blockchain didn’t lose designers’ trust thus keeps on being a significant asset while building proficient Web3 applications.

Source : https://cointelegraph.com/news/alchemy-announces-support-for-solana-web3-applications-the-day-after-blockchain-halted