Key takeaways Solana is gaining serious momentum, with trading volumes and Open Interest rising sharply. Market conditions remain healthy, and talk of a Solana ETF is adding fuel to the fire. September could be critical. Solana [SOL] is back in the spotlight. DEX trading volumes on the network have surged, a clear sign that momentum and activity are heating up …
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Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, …
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Key Takeaways XRP saw Futures volume and Open Interest spike, boosting the market’s bullish sentiment. And yet, a multi-billion-dollar escrow unlock to unknown wallets could inject selling pressure, leaving traders cautious about a sustained upside on the charts. On 10 August, XRP closed at a value of $3.1879 on the charts, down 3.8% in just 24 hours. This pullback followed …
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Key Takeaways Solana cleanly broke above $180, rallying 5% on the day and outshining Ethereum. With signs pointing to a fresh wave of capital rotation, is a run to $200 next? A subtle but notable divergence is starting to form between Solana [SOL] and Ethereum [ETH]. ETH has dominated the higher timeframes, posting nearly 2x gains on both weekly and …
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Key Takeaways Solana’s Cup and handle formation signals breakout potential toward $185 and $220. Short liquidations and exchange outflows support a bullish continuation structure. Solana [SOL] is currently retesting its breakout zone around $157 after breaking above an ascending trendline earlier this week. The price action aligns with the 1.618 Fibonacci extension near $178, suggesting bulls are preparing for a potential …
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