Cold Wallet Gains Popularity as Presale Surpasses $6.3M, While Solana Reaches $195 and SUI Draws Institutional Interest
Solana's Price Movement: Solana (SOL) has surpassed the $195 resistance level, with traders targeting $237. A close above $200 could confirm a bullish trend, while a dip below $190 may indicate a short-term retracement.
Sui's Institutional Trusts: Grayscale has launched two new trusts for accredited investors focused on Sui's infrastructure, leading to price increases for both DeepBook and Walrus tokens, highlighting growing institutional interest.
Cold Wallet's Innovative Model: Cold Wallet is revolutionizing crypto wallets by converting transaction fees into rewards, raising $6.3 million and selling over 740 million tokens, with a presale price significantly lower than its confirmed launch price.
Market Outlook: While Solana and Sui show potential for growth, Cold Wallet stands out as a utility-driven platform that offers immediate value and engagement, positioning itself as a leader in the evolving crypto landscape.
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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 | 15.808 | 41.654 | 67.158 | 93.004 | 118.508 | 144.354 | 169.858 |
| Fibonacci | 41.654 | 61.27 | 73.388 | 93.004 | 112.62 | 124.738 | 144.354 |
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