Nifty News: PayPal removes NFT protections, Adidas NFT sneakers and more
PayPal removes protections for NFT buyers and sellers:
- PayPal is removing buyer and seller protection coverages for NFT purchases, effective May 20.
- The Purchase Protection Program will no longer cover NFTs, and the Seller Protection Program will exclude NFT transactions over $10,000.
Adidas and Stepn release NFT sneakers:
- Stepn partnered with Adidas to release co-branded sneaker NFTs on the Solana network.
- The collaboration aims to offer digital assets promoting healthier lifestyles, costing about 10,000 GMT tokens.
Louis Vuitton drops $8,400 phygital varsity jacket:
- Louis Vuitton released a varsity jacket worth $8,400, including a physical garment and a corresponding digital collectible NFT.
- Designed by Pharrell Williams, the jacket can be purchased through a token-gated site and is part of the Via NFT project.
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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 | 30.854 | 49.177 | 70.044 | 88.367 | 109.234 | 127.557 | 148.424 |
| Fibonacci | 49.177 | 64.148 | 73.396 | 88.367 | 103.338 | 112.586 | 127.557 |
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