Solana News: Price Stabilizes at $170 Despite Bearish Market Trends

Solana's price has found stability around $170, although it has experienced a five-day losing streak. A large cluster of Leveraged positions worth $138 million suggests strong support at $160. However, trading volumes are down, indicating a lack of momentum for a significant recovery. Bears may be anticipating another major price correction.

Solana Price Stabilizes at $170 Amid Bearish Market

Solana price has stabilized around the $170 mark on Wednesday, posting a five-day losing streak. A significant cluster of $138 million in leveraged positions indicates that Solana's strongest support lies at the $160 level. However, declining trading volumes signal insufficient momentum for a sustained recovery phase. The cryptocurrency continues to struggle to find buyers, with bears potentially holding out for another major price correction in the coming days.

VitaminAi Partners with SOLPEN to Advance AI-Powered Blockchain Innovation on Solana

VitaminAi, known for its AI-driven blockchain solutions, has forged a strategic partnership with SOLPEN, a project at the forefront of integrating AI into the Solana blockchain. This collaboration marks a significant milestone in the融合of AI and blockchain technology, aligning perfectly with VitaminAi's vision to revolutionize the potential of both fields. Together, they aim to introduce smarter and more efficient AI solutions, enhancing the DePIN sector and maximizing the capabilities of the blockchain infrastructure.

Solana-Based Derivatives DEX 01 Relaunches as N1 With Arthur Hayes and VC Support

After a two-year hiatus, the Solana-based derivatives decentralized exchange, formerly known as 01, has announced its relaunch as N1. The exchange will have the support of Arthur Hayes and other VCs. The co-founder, Dima Romanov, shared a walk down memory lane, recalling the initial journey of building the best derivatives platform on Solana. He expressed Optimism about the relaunch of N1.

Solana Price On The Verge Of 2022-Like Crash To Send It Back To $22?

The Solana price is potentially facing a significant crash, reminiscent of Terra's (LUNA) collapse in 2022. A crypto analyst, PizzaDriver, has identified bearish trends in Solana's price action, projecting a drastic drop to new lows of $22. The analyst compared Solana's current chart structure to LUNA's meltdown, noting a Double Top pattern indicating a possible reversal from an uptrend to a downtrend.