Tether’s Co-Founder Reeve Collins Introduces New Yield-Bearing Stablecoin, Pi Protocol
Launch of Pi Protocol: Reeve Collins, co-founder of Tether, is introducing a new decentralized stablecoin called Pi Protocol, which will launch on Ethereum and Solana in late 2025, featuring the USP stablecoin that rewards minters with a yield-generating token, USI.
Governance and Revenue Sharing: Holders of the governance token USPi will have voting rights on protocol decisions and receive a share of revenue from stablecoin minting yields, while the project aims to differentiate itself by backing the stablecoin with real-world 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 5 technical signals, shows that 1 indicators are flashing buy, while 4 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 | 15.727 | 41.614 | 67.077 | 92.964 | 118.427 | 144.314 | 169.777 |
| Fibonacci | 41.614 | 61.229 | 73.348 | 92.964 | 112.579 | 124.698 | 144.314 |
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