Two Crypto Analysts Bullish on Ethereum Competitor That's Showing ‘Incredible' Strength

A pair of crypto analysts say one Ethereum (ETH) challenger is beginning to flash signs of strength despite the sustained bearish trend across the digital asset markets. Pseudonymous analyst Pentoshi tells his 576,200 Twitter followers that smart contract platform Solana (SOL) looks bullish as it continues to stay afloat despite last week's sharp correction. “SOL The post Two Crypto Analysts Bullish on Ethereum Competitor That's Showing ‘Incredible' Strength appeared first on The Daily Hodl.

Timeline of Solana

Solana‘s price after a failed attempt to surpass $150, drained heavily to hit the lows below $30 during the recent market crash. However, the price has regained the levels above $30 but still remains under the captivity of the bears. On the other hand, a strong upward movement is expected to prevail and interestingly, SOL …

A new proposal put forward by Solana (SOL)-based borrowing and lending service Solend to disapprove the takeover of the protocol's largest account following huge backlash from the community has passed with an overwhelming majority of votes.

The broader crypto lending and the staking markets have been undergoing one of the worst crises in history amid a wave of liquidations recently. On Sunday, Solana-based “decentralized” lending platform Solend initiated an SNLD1 proposal to take over a whale account with emergency powers and avoid a cascade of possible liquidations.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Solana's [SOL] recent movements corresponded to the fear sentiment as it dipped below its south-looking EMA ribbons. While the altcoin invalidated the bullish tendencies and broke down from its falling wedge, the $28-mark support has

The team at Solend is concerned that a Solana whale might be liquidated, causing a cascade of liquidations that would hurt the platform's liquidity. The Solend team has attempted to contact the SOL whale to no avail.

Following a huge sell-off, the cryptocurrency market has been in dire conditions for the last month. Several cryptocurrencies have followed suit, with several losing double-digit [.

Solana price analysis shows that the Solana (SOL) price is down 5.6 percent in the last 24 hours as the broader cryptocurrency market continues to correct lower. The sell-off has seen SOL drop to lows of $29.85 after a long-term bearish market that has been seen in the previous days.

Solana, one of the fastest-growing ecosystems in the crypto space, has announced the rollout of new features to enhance the stability of its network. Solana's Stability Update The platform suffered severe performance degradations on three different occasions in the last…

The Solana new gas fees will not make the network expensive according to the co-founder of the platform Anatoly Yakovenko which we are reading more about in our latest blockchain news. Solana new gas fees structure could lead to gas wars for big NFT drops but it won't cause the fees to rise on the

Solana price analysis is showing bullish signs once again after an extended period on the sidelines where price crashed to a 3-month low at $26.06. SOL has been subject to bearish dominance largely since July 2021 which has pushed price down almost 88 percent from the all-time high of $259.90.