| COINOTAG recommends • Exchange signup |
| 💹 Trade with pro tools |
| Fast execution, robust charts, clean risk controls. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🚀 Smooth orders, clear control |
| Advanced order types and market depth in one view. |
| 👉 Create account → |
| COINOTAG recommends • Exchange signup |
| 📈 Clarity in volatile markets |
| Plan entries & exits, manage positions with discipline. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| ⚡ Speed, depth, reliability |
| Execute confidently when timing matters. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🧭 A focused workflow for traders |
| Alerts, watchlists, and a repeatable process. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| ✅ Data‑driven decisions |
| Focus on process—not noise. |
| 👉 Sign up → |
- Solana (SOL) continues to be a point of interest due to its high network activity.
- Despite impressive performance, certain metrics suggest a bearish outlook.
- Notably, Solana has surpassed major blockchains Bitcoin (BTC) and Ethereum (ETH) in daily NFT user adoption.
Solana achieves a significant milestone in the NFT ecosystem by outpacing Bitcoin and Ethereum in daily user adoption. Stay updated with the latest developments and insights on SOL.
Solana’s Noteworthy Performance in the NFT Space
Solana has been making waves in the NFT ecosystem recently, with data indicating that it has surpassed both Bitcoin (BTC) and Ethereum (ETH) in daily NFT blockchain user adoption. According to SolanaFloor, the adoption rate for Solana NFTs surged by nearly 34% in the past 24 hours. This uptick underscores the increasing appeal of Solana among NFT enthusiasts.
Driving Factors Behind Solana’s NFT Surge
Insights from DappRadar revealed that some of the top-performing NFT collections on Solana over the last 24 hours include Frogana, Retardio Cousins, and SMB Gen2. Moreover, data from Santiment has shown a significant increase in SOL’s NFT trade count and trade volume in USD over the past week. While this growth is notable, Solana also witnessed an 8% increase in its NFT sales volume, according to CRYPTOSLAM.
Challenges Facing Solana Despite Positive Trends
However, the scenario is not entirely bullish. There has been a notable decrease in the number of NFT sellers on Solana, which fell by 59% over the last week. Additionally, the number of NFT buyers dropped by over 66% during the same period. These statistics indicate a potential for market hesitation despite the overall positive performance.
| COINOTAG recommends • Professional traders group |
| 💎 Join a professional trading community |
| Work with senior traders, research‑backed setups, and risk‑first frameworks. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 📊 Transparent performance, real process |
| Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
| 👉 Get access → |
| COINOTAG recommends • Professional traders group |
| 🧭 Research → Plan → Execute |
| Daily levels, watchlists, and post‑trade reviews to build consistency. |
| 👉 Join now → |
| COINOTAG recommends • Professional traders group |
| 🛡️ Risk comes first |
| Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
| 👉 Start today → |
| COINOTAG recommends • Professional traders group |
| 🧠 Learn the “why” behind each trade |
| Live breakdowns, playbooks, and framework‑first education. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 🚀 Insider • APEX • INNER CIRCLE |
| Choose the depth you need—tools, coaching, and member rooms. |
| 👉 Explore tiers → |
Solana’s Bullish Price Action
On the price front, recent data from CoinMarketCap shows that SOL has experienced a price increase of more than 4% within the last 24 hours, positioning it at $146.67 with a market capitalization exceeding $68 billion. This makes Solana the 5th largest cryptocurrency by market cap.
Market Sentiment and Technical Analysis
Despite the bullish trend, the Fear and Greed Index for SOL stands at 68%, indicating a phase of market fear. Historically, such a level signals a high probability of a price correction. Technical indicators provide mixed signals; the MACD shows a bullish momentum, whereas the Relative Strength Index (RSI) is on an upward trajectory past the neutral mark, suggesting continuous price gains. Conversely, the Chaikin Money Flow (CMF) has dipped southward, hinting at potential constraints on SOL’s price rise in the near future.
| COINOTAG recommends • Exchange signup |
| 📈 Clear interface, precise orders |
| Sharp entries & exits with actionable alerts. |
| 👉 Create free account → |
| COINOTAG recommends • Exchange signup |
| 🧠 Smarter tools. Better decisions. |
| Depth analytics and risk features in one view. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| 🎯 Take control of entries & exits |
| Set alerts, define stops, execute consistently. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🛠️ From idea to execution |
| Turn setups into plans with practical order types. |
| 👉 Join now → |
| COINOTAG recommends • Exchange signup |
| 📋 Trade your plan |
| Watchlists and routing that support focus. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| 📊 Precision without the noise |
| Data‑first workflows for active traders. |
| 👉 Sign up → |
Conclusion
In summary, while Solana shows strong performance metrics in the NFT domain and a current bullish price movement, caution is advised due to declining NFT sellers and buyers, and the fear indicator suggesting possible price corrections. Continual monitoring of market trends and technical indicators is essential to understanding Solana’s future movements.
| COINOTAG recommends • Members‑only research |
| 📌 Curated setups, clearly explained |
| Entry, invalidation, targets, and R:R defined before execution. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧠 Data‑led decision making |
| Technical + flow + context synthesized into actionable plans. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 🧱 Consistency over hype |
| Repeatable rules, realistic expectations, and a calmer mindset. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🕒 Patience is an edge |
| Wait for confirmation and manage risk with checklists. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 💼 Professional mentorship |
| Guidance from seasoned traders and structured feedback loops. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧮 Track • Review • Improve |
| Documented PnL tracking and post‑mortems to accelerate learning. |
| 👉 Join now → |
