Solana's [SOL] price surged by 12.5% in 24 hours, grabbing the attention of crypto investors worldwide. The altcoin's rally coincided with...
price surged by 12.5% in 24 hours, grabbing the attention of crypto investors worldwide. The altcoin’s rally coincided with a recent report, fueling speculation that Solana might play a central role in a proposed U.S. strategic digital reserve, part of the “America First” initiative.Trump’s strategic digital reserve proposal sparks debate
While Trump’s expected pro-crypto executive orders are being celebrated by many, the concept of an “America First” strategic digital reserve is polarizing. The plan reportedly prioritizes U.S.-originated assets such as Solana, USDC, and XRP. In fact, insider sources have revealed that Trump is engaging with the founders of these projects and is receptive to the idea.However, some others worry that focusing on U.S.-centric coins might undermine Bitcoin’s role in the broader crypto ecosystem.
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Solana (SOL) Price Drops Sharply, Trading Volume SoarsSolana's price experienced an 8.68% decline in the past 24 hours despite a 4.31% weekly gain. Trading volume surged to $6.69 billion, indicating strong market interest. The coin's price fluctuated between $193.90 and $215.98 in the past 24 hours and $188.79 to $221.35 weekly. It is currently 24.9% below its all-time high and faces resistance near key levels. The break below the bullish trendline and Fair Value Gap, along with the 200-day MA at $217.96 acting as strong resistance, suggests potential volatility.
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Solana Price Analysis: Will SOL Break Above $214 or Below $183?Solana (SOL) is currently consolidating within a key price range. Analyst Gladys Martinez predicts a 40% price move if SOL breaks above $214 or below $183. The market sentiment is strongly bearish, with a majority of traders taking short positions. This article analyzes the current trends and potential price movements for SOL.
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Solana's Resurgence: Can SOL Defy the Odds and Reach New Heights?Solana (SOL) is experiencing a strong rebound this new year, with impressive growth in key metrics and a surge back into double digits. Can SOL continue its upward trajectory and potentially reach its all-time high?
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Sol Strategies Secures CAD $25M Credit for Solana Ecosystem ExpansionSol Strategies, a firm similar to MicroStrategy, has acquired a CAD $25 million credit to purchase SOL tokens and enhance its staking services. The company plans to invest these tokens across various Solana ecosystem sectors, including decentralized finance protocols, validator operations, and liquidity provision for emerging projects. Analysts like Andrew Kang from Mechanism Capital foresee SOL's potential for growth, driven by anticipated ETF approval and a lack of supply overhang similar to Ethereum. However, SOL recently faced short-term headwinds due to macroeconomic concerns and inflation, leading to a price decline below $200.
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