How these Solana [SOL] collaborations led to a |$1B redemption- What next

How these Solana [SOL] collaborations led to a $1B redemption- What next

While both protocols had already existed on Solana, the latest collaboration was aimed at improving the DeFi experience of Solana loyalists. As for Soldex, it could assist users in accessing user-friendly Decentralized Exchanges . AlfProtocol, on the other hand, could help optimize the yield farming systems across the Solana network.that the partnership could play a part in increasing Solana’s user number. Besides the trading volume surge, SOL’s price also increased.

However, it was not a similar circumstance with the activities of whales. The on-chain data platform showed that the whale supply percentage that was more than $5 million decreased. While it was 43.14% on 8 September, it had fallen to 42.99%.From the four-hour charts, SOL seemed to have overcome the falling support of 1 September. Additionally, it had also broken out of a recent resistance with clear signs of a bullish movement.

However, a continued momentum increase of the RSI may eventually lead to a reversal. At that point, it would represent an overbought level, and a reversal could upturn the price movement or mark the beginning of a breast pattern.Subscribe to get it daily in your inbox.

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