Solana price analysis: Bears push downtrend, demoting SOL down to $32

The Solana price analysis indicates a major decline in the price value today. The bears have been continually winning over the price charts, as the bearish trend has been quite dominating for the market.

Timeline of Solana

U.S-based crypto exchange Coinbase users will now be able to stake their Solana token on the platform and earn rewards from doing so. The post Solana token holders can now earn staking rewards on Coinbase appeared first on CryptoSlate.

CryptoSlate recently caught up with SolSea founder, Vito, to talk about SolSea, ALL.ART, and the future of NFT utility. The post SolSea Reborn goes live to revolutionize NFT utility on Solana appeared first on CryptoSlate.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. In a previous article, we explored how crucial the $37-$39 area was for the bulls to defend.

Coinbase deals with the node set-up process and other technical details, making staking more accessible to everyday retail users. The post Coinbase adds support for staking Solana appeared first on The Block.

Port Finance, a Solana-based lending protocol, has paid out a $630,000 bounty to a white hat hacker who helped prevent a potential $25 million vulnerability from the platform, cybersecurity firm Halborn revealed Wednesday. The hacker received $450,000 in PORT, the utility token powering the lending protocol, and $180,000 in fiat, marking the end of the project's bounty program.

Last week, the Solana (SOL) price witnessed a V-shaped recovery and rallied to the $42.6 mark. However, the supply pressure at this level triggered a pullback and plunged the coin price below the flipped support of $37.

Reciprocal Ventures, the early-stage backers of Solana and The Graph, has closed a $70 million fund, according to a release. The post Early-stage Solana-backer Reciprocal Ventures launches $70 million fund appeared first on The Block.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Despite the strong bounce from the $18k lows, Bitcoin [BTC] has a bearish outlook on the longer timeframe charts.

Solana has found good support at $37 and the price now appears in preparation to move higher. Key Support levels: $37 Key Resistance levels: $44 After a successful test of the key support at $37, Solana's price is ready to move higher and test the key resistance at $44.

Recently, Solana price analysis has been facing a lot of selling pressure and has dropped to $39.16. The market is currently in a bearish trend and may continue to decline in the near future.