MapMetrics moved to peaq from Solana: A specialized L1 solution
- MapMetrics Migration to peaq: MapMetrics, a DePIN-focused project, is moving from Solana to peaq, a layer-1 solution for DePIN and real-world assets due to peaq's modular functionalities and support for ink! and EVM Smart Contracts.
- peaq Features: peaq is a multi-chain layer one blockchain optimized for DePIN and real-world machine assets with low transaction costs and high scalability. It supports ink! (Rust) and EVM Smart Contracts, providing flexibility for developers.
- Benefits of peaq: peaq offers Modular DePIN Functions like Self-Sovereign Machine IDs, data verification, AI agents, and more. It simplifies interactions with Polkadot, Cosmos, Solana, Binance, and Ethereum through bridges and cross-chain capabilities.
- Influence on Decision: The decision to migrate was influenced by peaq's diverse DePin functionalities, particularly peaq ID for machine identity. Cooperation opportunities within the peaq ecosystem are expected to lead to new partnerships and increased demand.
- Migration Process: The migration will occur in phases, starting with smart contract deployment and core logic transfer. New tokens can be created on peaq, and current token holders will have an option to transfer their tokens.
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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 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 | 17.588 | 42.544 | 69.208 | 94.164 | 120.828 | 145.784 | 172.448 |
| Fibonacci | 42.544 | 62.263 | 74.445 | 94.164 | 113.883 | 126.065 | 145.784 |
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