Glider Partners with Solana to Enhance DeFi Services

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 6 days ago

SOL-1.69%

JUP-5.55%

DEFI-4.88%

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Strategic Partnership: Glider has formed a strategic partnership with the Solana blockchain to launch a credit-based DeFi digital asset trading platform, significantly enhancing user investment flexibility and asset management capabilities in an efficient multi-chain environment.
Seamless Trading Experience: With Glider's AI-driven technology, when trading tokens like $USDC and $USDT, assets are automatically lent, generating continuous yield, which reduces operational complexity for users and enhances trading efficiency.
Efficient Lending Services: By leveraging Solana's fast, low-fee cross-chain bridge infrastructure, Glider users can engage in asset collateral borrowing through various lending protocols, such as Kamino Lend and Jupiter Lend, thereby increasing liquidity and improving yield potential in DeFi trading.
DeFi Ecosystem Expansion: This collaboration marks a significant milestone for Glider in the DeFi space, enabling users to unlock multi-chain liquidity and access a wider variety of assets and services, showcasing both parties' ongoing commitment to innovation and meeting user demand.

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Technical Analysis for SOL

Technical Sentiment Analysis for Solana (SOL). As of , Solana (SOL) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 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	74.963	78.231	81.463	84.731	87.963	91.231	94.463
Fibonacci	78.231	80.714	82.248	84.731	87.214	88.748	91.231

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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