Solana sinks through support level in broad crypto sell-off

Solana (SOL) has initiated a recovery wave, trading above the $132 zone and consolidating near $145. The price has surpassed key resistance levels, including $135 and $140, and is now above the 100-hourly simple moving average. If SOL can clear the $145 and $150 resistance levels, further upward movement is anticipated.

The SEC is advancing Bitwise's cryptocurrency ETF proposal, which includes XRP and Solana as key components. This move reflects a growing acceptance of cryptocurrencies in traditional finance, as the SEC's approval could pave the way for more institutional investment in these digital assets. The positive sentiment surrounding XRP and Solana indicates their resilience in a fluctuating market.

Zcash, a privacy-focused cryptocurrency, has experienced a notable price surge. Ran Neuner from Crypto Banter suggests he has insights into the factors driving this increase.

CEA Industries has launched a new Treasury Dashboard that provides investors with real-time insights into its expanding cryptocurrency holdings and capital strategy. This initiative reflects the company's commitment to transparency and innovation in the rapidly evolving crypto market.

The 21shares Solana exchange-traded fund (TSOL) has launched with over $100 million in assets under management, indicating strong investor interest despite a challenging market environment. This debut comes at a time when the cryptocurrency sector is experiencing volatility, particularly with Solana's recent price fluctuations.

The 21shares Solana exchange-traded fund (TSOL) has launched with over $100 million in assets under management, indicating strong investor interest despite a challenging market environment.

The 21shares Solana exchange-traded fund (TSOL) has launched with over $100 million in assets under management, indicating strong investor interest despite a challenging market environment.

Libra-linked wallets have withdrawn approximately $4 million from a struggling memecoin and redirected a portion of these funds into Solana, according to on-chain tracking and news reports. This move comes amid ongoing fraud investigations and scrutiny surrounding the token's launch, which had previously seen significant withdrawals that affected investor confidence. The wallets involved purchased around $61.5 million worth of SOL at an average price of approximately $135.