On-Chain Finance Surges to $120 Billion Milestone
- Market Confidence Boost: The total deposits in on-chain finance systems have reached $120 billion, marking a shift from experimental technology to real-world commercial applications, significantly enhancing institutional and retail investor confidence in blockchain financial systems and driving adoption across multiple sectors.
- Sui Blockchain Performance: Since its launch in 2023, the Sui blockchain has managed $2 billion in assets and processed 12 billion transactions, becoming the fastest existing Layer 1 blockchain due to its unique object-centric model and parallel transaction processing, attracting developers for high-throughput financial applications.
- Technical Innovations Driving Adoption: Sui's Move programming language and optimized consensus mechanism enhance security and speed for financial applications, enabling microtransactions and instant settlement for traditional financial instruments, further promoting blockchain's real-world applications.
- Expansion of Commercial Applications: The $120 billion in on-chain finance deposits supports various commercial applications, including international trade finance and supply chain finance, with traditional financial institutions leveraging blockchain technology to significantly reduce settlement times and improve transparency, showcasing deep integration of blockchain with traditional business processes.
Get Real-Time Alerts for Any Crypto Movement
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 | 17.603 | 42.551 | 69.223 | 94.171 | 120.843 | 145.791 | 172.463 |
| Fibonacci | 42.551 | 62.27 | 74.452 | 94.171 | 113.89 | 126.072 | 145.791 |
About SOL
About the author
