Solana Emerges as Infrastructure for Next-Gen Internet Capital Markets
- Market Transition: According to Tiger Research, global financial institutions like JPMorgan, Visa, and PayPal are piloting Solana-based asset issuance and payment settlement projects, indicating a shift in the cryptocurrency market from technical experiments to an industrial phase, with Solana as a concrete example of this transition.
- Compliance Advantage: With the U.S. leading in establishing a legal framework for crypto, Solana is positioned as a centralized network aimed at creating institutional use cases while ensuring regulatory compliance, attracting more financial institutions to participate.
- Transaction Volume and Efficiency: The report reveals that Solana processed 33 billion transactions last year, with an average fee of just $0.0013 per transaction and a transaction finality of approximately 0.4 seconds, showcasing its robust capabilities in efficient transaction processing.
- Operational Resilience: Solana's network continued to operate uninterrupted during sharp market downturns and an AWS outage, demonstrating its successful track record in real-world transactions and active collaboration with institutions.
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Technical Analysis for U
Technical Sentiment Analysis for Union (U). As of , Union (U) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for U 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, U 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 $-.
Union (U) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.999 | 1 | 1 | 1.001 | 1.001 | 1.002 | 1.002 |
| Fibonacci | 1 | 1 | 1 | 1.001 | 1.001 | 1.001 | 1.002 |
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