Powerledger Expands into Solana Ecosystem, Aiming to Boost Sustainability
Powerledger's Expansion: Australian energy tech company Powerledger is expanding into the Solana ecosystem to align its sustainability goals with the growing interest in Regenerative Finance (ReFi), which focuses on social and environmental well-being alongside financial returns.
Strategic Transition: The move involves ceasing operations on its own Solana Virtual Machine blockchain and transitioning fully to Solana, with Powerledger's POWR token becoming a native Solana token while still operating on Ethereum, emphasizing the company's commitment to innovation and cleaner energy solutions.
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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 4 technical signals, shows that 1 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 | 35.565 | 51.532 | 67.735 | 83.702 | 99.905 | 115.872 | 132.075 |
| Fibonacci | 51.532 | 63.821 | 71.413 | 83.702 | 95.991 | 103.583 | 115.872 |
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