Solana PRICE formed a Doji candlestick on Monday, pointing to a relief gathering after Janover, a small company circulating for the public, which started to buy. The distinctive symbol was initially disrupted to its lowest level at $ 94.8, then bounced to 111.78 dollars as the investors bought DIP. So, is this the end of the Solana price or the dead cat?
Janover to assemble Sol codes
One of the largest Solana News news per week was that Janover, a company that provides commercial real estate loans, trade loans, insurance and a real estate company, announced that it would start collecting the distinctive Sol symbols.
The company announced this because it announced a change in ownership and management. Joseph Honoraati will now lead him, while Parker White will be the large investment official.
These individuals are part of a group of investors who have acquired 728,632 shares in the company recently, and have gained major shareholders.
Meanwhile, the company raised $ 42 million from a group of investors led by Kaken, Pantera, The Northstar Group and Protagonist. This money will not be used to finance its basic real estate business. Instead, the company will focus on the digital asset strategy, which will include the purchase of Solana and some quality symbols in the ecosystem.
The strategic work strategy, previously known as Microstrategy, which has begun to collect bitcoin currencies a few years ago. Today, these Bitcoin holdings have helped transfer them to a market value of more than $ 70 billion.
The new Janover Administration believes that Solana is a better alternative to Bitcoin because of its strong benefit and other basics. Unlike Bitcoin, which is widely seen as a value store, Solana is the Layer-1 network that supports other DAPPS. It is the highest ETHEREUM competitor who deals with more than 2000 transactions per second. chief executive officer He said:
“After building in the encryption industry for more than a decade, we are at a turning point in the adoption of Mass Defi. We are proud to be the first to present the strategy of the Digital Treasury in the American public markets that initially focused on Solana.”
Read more: The high price of Fartcoin: Here is why Solana Meme can double
Solana’s ecosystem is still flexible
While the Solana price has decreased by approximately $ 300 to $ 110, its network has been fixed in the past few weeks. For example, the data shows that protocols in the decentralized exchange industry (DeX) It has been dealt with More than 2.9 billion dollars, making it the second largest series in the ETHEREUM code, which dealt with more than $ 3.6 billion. The Solana Network dealt with more than $ 45 billion in the last 30 days.
Solana has many large DEX networks in the encryption industry, including the likes of ORCA, Meteora, Raydium and PUMP. For example, POMP, which was launched in March, dealt with more than $ 5.9 billion in the last 30 days. Orca dealt with more than $ 11.5 billion in assets.
Solana is also a big player in non -explosive symbols (NFTS), a contraction industry. I dealt with more than $ 40 million in assets in the last 30 days, making it the fourth largest chain in this industry.
Technical analysis of prices in Solana
Sol price scheme source: Tradingvief
The daily graph shows that the price of Sol collapsed and the bottom reached 94.83 dollars on Monday. Then it formed a small pattern of Doji candlestick, a popular upper reflection. It remains less than the decisive resistance level at $ 120, as she fought to move without several times since last year.
Therefore, there is a risk that Solana Price wants to re -test this level, a step indicating another negative side. One of the most popular signs of continuity in the market is one of the most popular signs of continuity in the market. More negative aspect may witness a decrease in the distinctive symbol and up to $ 80, which is the slightest swing in January 2024. The upscale collapse will be confirmed if it rises higher than the main resistance level at $ 147.
Post Solana Price predictions: Is it a good purchase with Janover? First appeared on Invezz
