CoinRank Crypto Update (8/20) | Solana Achieves Global Fee Stability, FSR Dominates Major Blockchains

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Aug 20 2025

SOL-1.274%

MAJOR-0.39%

ETH-1.055%

Should l Buy SOL?

Fed Rate Cut Expectations: Powell's upcoming speech at Jackson Hole may lead to a more cautious outlook on rate cuts, with expectations shifting towards a 25 basis point cut rather than the anticipated 50.
Pump.fun Market Dominance: The Solana token issuance platform pump.fun has increased its market share to 87.3%, significantly outpacing competitors and indicating strong user adoption in meme coin launches.
Institutional Demand for Ethereum: US spot Ethereum ETFs now hold 6.3 million ETH, representing over 5% of the total supply, reflecting growing institutional interest and potential for a supply squeeze.
Impact of Fed Policy on Crypto: Analyst comments suggest that a conservative tone from Powell could dampen risk appetite in crypto markets, potentially leading to short-term downward pressure on digital assets.

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Technical Analysis for SOL

Technical Sentiment Analysis for Solana (SOL) As of , Solana (SOL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Solana (SOL) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	15.893	41.697	67.243	93.047	118.593	144.397	169.943
Fibonacci	41.697	61.312	73.431	93.047	112.662	124.781	144.397

About SOL

Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.To learn more about this project, check out our deep dive of Solana.The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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