Ethereum

Solana

<ul>
 <li><strong>At the time of writing, SOL is trading at $98.54, down 3.51% in the last 24 hours.</strong></li>
 <li><strong>If the price manages to go below $93.4 level, then it will likely test $90.9 support level.</strong></li>
</ul>
<p>A record number of unique addresses were formed on the Solana network in January, indicating an increase in new users, according to The Block’s statistics dashboard.</p>
<p>As per reports, around 11.81 million new <a href="https://thenewscrypto.com/solana-sol-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Solana</a> addresses were established over the month. Comparatively, the network logged 10 million new addresses in December, thus this was an increase of 18%.</p>
<p>Before releasing its new smartphone, Solana (SOL) has started taking pre-orders and informed its community members of an enormous incentive activity happening next week. Solana Mobile claims that pre-order customers who are on the waiting list for the second phone version will get a variety of goodies, including <a href="https://thenewscrypto.com/donald-trumps-nfts-are-live-on-bitcoin-ordinals/" target="_blank" rel="noopener noreferrer nofollow">NFTs</a>, as an incentive.</p>
<p>With the recent statistics showing that Solana-based DEXs have surpassed Ethereum in a critical parameter, the Solana (SOL) community is feeling optimistic. The daily trading volume of Ethereum has been surpassed by Solana-based decentralized exchanges (DEXs), according to statistics from DeFiLlama. The $1.14 billion trading volume on Solana during the last 24 hours is higher than the $1.133 billion trading volume on Ethereum DEX.</p>
<h3 class="wp-block-heading" id="h-minor-correction-underway">Minor Correction Underway</h3>
<p>However, despite the recent advancements, the price of Solana has been facing minor correction. At the time of writing, SOL is trading at $98.54, down 3.51% in the last 24 hours as per data from CoinMarketCap. Moreover, the trading volume is down 21.57%.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img loading="lazy" decoding="async" width="630" height="380" src="https://thenewscrypto.com/wp-content/uploads/2024/02/SOL_7D_graph_coinmarketcap.png" alt="" class="wp-image-90782" srcset="https://thenewscrypto.com/wp-content/uploads/2024/02/SOL_7D_graph_coinmarketcap.png 630w, https://thenewscrypto.com/wp-content/uploads/2024/02/SOL_7D_graph_coinmarketcap-300x181.png 300w" sizes="(max-width: 630px) 100vw, 630px">
  <figcaption class="wp-element-caption">
   Source: <a href="http://CoinMarketCap.com" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>
  </figcaption>
 </figure>
</div>
<p>If the price manages to go below $93.4 level, then it will likely decline further to test $90.9 support level. On the other hand, if the price manages to go past $102 level, then it will likely test $106 resistance level.</p>

Solana Price Faces Brief Correction Post Recent Rebound

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TheNewsCrypto

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