ShareJump Crypto's Firedancer Goes Live on Solana Mainnet

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 3 days ago

Should l Buy SOL?

Firedancer Launch: ShareJump Crypto's Firedancer has officially entered production on the Solana mainnet, marking a significant advancement in blockchain infrastructure by starting block production.
Transaction Processing Capacity: The Firedancer client has processed tens of millions of transactions in production, demonstrating its efficiency and stability, although the team advises against large-scale validator switches until security audits are completed.
Security Audits and Gradual Rollout: The rollout of Firedancer is accompanied by a $1 million bug bounty program, with the team emphasizing that broad validator migration requires careful progression until network-scale security is assured.
Technical Innovation and Diversity: As a newly built validator client, Firedancer aims to support client diversity and reduce supply-chain risks, while also collaborating with the Frankendancer version for testing, laying the groundwork for future comprehensive deployment.

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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 9 technical signals, shows that 5 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 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	67.405	75.452	82.315	90.362	97.225	105.272	112.135
Fibonacci	75.452	81.148	84.667	90.362	96.058	99.577	105.272

About SOL

Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.To learn more about this project, check out our deep dive of Solana.The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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