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About Market Cap SOL, $
Coin
Solana is a protocol praised a lot for its performance and speed — all for the sake of facilitating decentralized apps. The protocol is even doted on for its Proof-of-history consensus that improves scalability and, consequently, usability. Some bold fans even say Solana is a future rival of Ethereum. How true this is, we can't know, but we can try to evaluate how well the network is doing at the moment by watching market cap of its native token, SOL — we've calculated it and displayed on the chart so that you can stay informed and prepared in any market scenario.
SOL Market Cap – Bearish Rejection Expected from Resistance ZoneSolana's market cap is approaching a **major resistance zone** near $77.8B, aligning with an ascending trendline. The market is showing signs of exhaustion as price nears this confluence of **horizontal and trendline resistance**.
A bearish reaction is expected from this zone, potentially forming a
SOLANA and Elliott Wave.Marked in Blue is the Main Wave. This wave expressed itself in 5 Waves. Though incomplete at the moment, we can see that Wave 4 is completed and a lunge to the upside would complete Wave 5(Red), hence Wave 3(Blue) of the Main Wave. After 3(Blue) is complete, a Wave A would begin for the Flat as a Wa
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.