Myriad Integrates Chainlink Oracles for Real-Time Prediction Markets
- Real-Time Settlement Capability: Myriad's selection of Chainlink as its official oracle infrastructure marks a significant step towards real-time settlement capabilities, which is expected to enhance user trust and engagement in crypto prediction markets.
- Market Expansion Plans: Initially supporting prediction markets tied to Bitcoin, Ethereum, Binance Coin, and Solana, Myriad plans to expand into traditional financial instruments and macroeconomic events, demonstrating its keen insight into market demand.
- Decentralized Data Assurance: By leveraging Chainlink's decentralized oracle network, Myriad gains access to aggregated price data from multiple independent sources, reducing the risk of data manipulation and downtime, thereby enhancing market fairness and transparency.
- Impact on DeFi Ecosystem: Myriad's integration further solidifies Chainlink's dominant position in the decentralized finance ecosystem, potentially accelerating adoption by other platforms and promoting industry standardization, which enhances overall market reliability and scalability.
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Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL). As of , Solana (SOL) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 indicators are flashing buy, while 1 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 | 73.815 | 79.957 | 86.125 | 92.267 | 98.435 | 104.577 | 110.745 |
| Fibonacci | 79.957 | 84.66 | 87.565 | 92.267 | 96.97 | 99.875 | 104.577 |
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