Solana News Today: Solana's Rise Masks Emerging Contenders With Real-World Utility
- Solana (SOL) breaks above $213, supported by institutional $1B investments and bullish technical indicators like MACD/RSI. - Snorter Token (SNORT) raises $3.4M via presale, offering Telegram-based automation to mitigate crypto trading risks. - Remittix secures $22M funding and global bank transfer capabilities, targeting 100x growth by bridging traditional finance and blockchain. - LayerBrett (LBRETT) emerges as Ethereum-anchored Layer 2 solution with 1,300% APY staking and meme-driven infrastructure. -
Solana’s (SOL) price movement has drawn significant attention in the cryptocurrency market, with technical indicators and institutional support signaling strong bullish momentum. As of recent data, SOL is trading above $213, having broken through critical resistance levels such as $215 and $210. Key momentum metrics, including the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI), remain positive, with RSI hovering near 63, indicating ample room for further appreciation. Analysts project a potential surge toward $230 in the near term, with longer-term targets reaching as high as $600 if institutional confidence and DeFi adoption continue to grow.
Institutional interest in Solana has intensified, with major firms such as Galaxy Digital , Multicoin Capital, and Jump Crypto reportedly pooling up to $1 billion to acquire SOL tokens. These moves underscore confidence in Solana’s expanding DeFi and NFT ecosystems. The blockchain’s high throughput and low fees have made it a preferred layer 1 platform for decentralized applications, further bolstering its appeal to both developers and investors.
The broader market sentiment remains cautiously optimistic, with on-chain metrics showing increased total value locked (TVL) in Solana-based DeFi platforms. As traders and investors watch for a sustained breakout above $215, the focus is shifting toward projects with clear utility and scalable infrastructure. While Solana continues to attract institutional capital and speculative interest, the emergence of LayerBrett, Snorter Token, and Remittix highlights a trend toward early-stage investments with high growth potential and real-world applications.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New City Pioneers RWA Push as Traditional Assets Go Digital
- New City Development announced a HKD 50m share issuance to fund Real World Assets (RWA) projects, signaling a strategic shift toward tokenizing tangible assets. - The move aligns with growing RWA sector momentum, aiming to enhance liquidity and attract investors through blockchain-enabled asset management. - Funds will target high-quality tokenizable assets, though regulatory and technical challenges remain for compliance and infrastructure development. - As an early adopter, the firm could set benchmark
Bitcoin News Today: Investors Hold Fire as Crypto Market Waits for Clarity
- Crypto markets maintain equilibrium as BTC/ETH sentiment stays neutral amid macroeconomic uncertainty and mixed signals. - Moderate price swings and stable on-chain metrics reflect cautious trading, with no major inflows/outflows or aggressive short positions. - Central bank policies and regulatory developments in the U.S./EU remain key variables influencing investor decisions and market stability. - Analysts predict continued consolidation until clearer macroeconomic data or regulatory clarity emerges t
GUN - -55.5% 24H Drop Amid Major Market Deterioration
- GUN token plummeted 55.5% in 24 hours amid deteriorating market fundamentals and bearish sentiment. - Technical indicators show oversold RSI (<30) and negative MACD, with moving averages aligned downward. - Year-to-date losses exceed 2800% as traders monitor lack of reversal patterns or sustained recovery. - Prolonged selling pressure and weak demand suggest continued downward momentum in short term.
DUSK -79.11% 24-Hour Drop Amid Sharp Corrections in Short- and Long-Term Metrics
- DUSK plummeted 79.11% in 24 hours, reaching $0.0624 on Aug 31, 2025, amid a 7355.55% YTD drop. - Technical indicators confirm a bearish trend, with prices failing to hold key resistance and moving averages. - A backtesting strategy using RSI and moving averages aims to identify trend shifts and momentum opportunities.
Trending news
MoreCrypto prices
More
