Solana News: Potential Support Zone Emerging Around $125–$130 Range
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Solana (SOL) Price Prediction for March 17
Currently, Solana (SOL) is trading at $126.72, after a 1.29% decrease in the last 24 hours. The broader picture reveals a 34.72% decline over the last 30 days. The 10-day and 20-day moving averages have begun converging near Solana’s current price, suggesting that short-term buyers might be establishing a support zone around the $125–$130 range. This convergence can serve as an early signal that buying interest may be returning. However, Solana is still trading below its longer-term moving averages, such as the 50-day and 200-day MAs.
CME Opens Futures Trading on Solana
CME has launched futures trading on Solana, a move that could improve its chances of getting an ETF approved by the SEC. Previously, CME futures helped determine the approval of Bitcoin and Ethereum ETFs. FalconX executed the first block trade in CME SOL futures with StoneX, marking a historic moment for the Solana ecosystem.
Best Presales to Buy Today – Are These the Next Viral Pumps?
The most promising cryptocurrency presales present unique early-stage investment opportunities, with the potential to deliver high returns once they become available on major exchanges. During the presale phase, tokens are offered at a fraction of a cent, providing early investors with an advantage. Leading presales often secure millions in funding before exchange listings, fostering strong liquidity and hype. One standout presale project is Solaxy ($SOLX), which is setting a new standard for the Solana blockchain with Layer 2 technology.
Solana Shows Extreme USDT Volatility On Its 5th Birthday
Solana, the second-largest blockchain in the industry, celebrated its fifth birthday on March 16, 2020. A study conducted by Web3 payments solutions platform Mercuryo revealed that USDT volatility on Solana’s transport layer is currently at an “extreme” level. This suggests an unparalleled level of trading activity amid an explosion of interest in trading opportunities on Solana over the past 12 months.
