Coinbase partners with Squads to accelerate USDC adoption on Solana
Partnership Announcement: Coinbase has partnered with Squads to enhance the adoption of the USDC stablecoin on the Solana blockchain, building on Squads' recent achievement of securing over $1 million in USDC across its products.
Stablecoin Bootstrap Fund Relaunch: Coinbase has relaunched its Stablecoin Bootstrap Fund to increase DeFi liquidity with stablecoins, aiming to integrate USDC into various DeFi protocols and further solidify its role as a leading stablecoin in the ecosystem.
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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 crypto.
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 | 35.511 | 51.505 | 67.681 | 83.675 | 99.851 | 115.845 | 132.021 |
| Fibonacci | 51.505 | 63.794 | 71.386 | 83.675 | 95.964 | 103.556 | 115.845 |
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