Solana [SOL] traders going short can take-profit at this level

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.

Timeline of Solana

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.

Solana price gained a huge bullish momentum ever since the co-founder announced the plans of rolling out an SMS platform & Android phone. The price which had broken the falling wedge had broken out of the descending consolidation and rose high a week ago. However, the recent positive announcements did give the asset a larger …

For the past five weeks, the Solana (SOL) price has lowered under the influence of a descending trendline. However, on June 20th, the coin buyers gave a bullish breakout from his dynamic resistance, indicating a recovery opportunity for traders.

Solana's (SOL) parent company, Solana Labs has announced plans to launch an Android smartphone for the network. Solana Labs further revealed that the Web3-focused device would be ready early next year.