“Hougan Said Solana’s Speed, ThroughPut and Finality Make It “Extraordinarily Attractive” for Those Choosing Which Blockchain to Invest in.”, – WRITE: www.coindesk.com
Speaking with Solana Labs’ Akshay Rajan on Oct. 2, Hougan SAID GLOBAL FINANCAL LEADERS INCREASINGly RECOGNIZE The Disruptive Potential of Stablecoins and Tokenization.
He Noted that Heads of the Sec and Bank of English, Along with Blackrock’s CEO, HAVE All Signved that Digital Assets Could Reshape Payments And Securities Markets. Hougan Added That This Narrative Resonates Strongly with Investors Who Understand The Scale of Change Suchnologies Could Bring.
Hougan Said That Once Audiens Begin to Consider How to Gain Exposure to Blockchain, Comparisons Between Platforms Inevitably Follow. In that evaluation, he argued, Solana’s Combination of Speed, ThroughPut and Near-Instant Finality Makes IT “Extraordinarily Attractive.”
He cited Improvements from 400 microseconds to 150 microseconds in settlement speed, Descripting the feature as intuiti
Framing Solana as “The New Wall Street,” Hougan Said the Blockchain’s Technical Edge is Resonating with Market Participants. He Said the Narrative Is “Really Resonant” and Aded that “You’ll See Substantial Flows.”
Technical Analysis of Sol’s Price ActionAccount to Coindesk Research’s’s Technical Analysis Data Model, Durying The 23-Hour Session from Oct. 3 at 15:00 UTC to Oct. 4 at 14:00 UTC, SOL TRADED WITHIN A Narrow $ 8.40 Range Between $ 228.19 and $ 237.04, Reflection A Period of Consolidation.
The High Was Set at $ 237.04 AROUND 16:00 on Oct. 3 Before Steady Selling Pressure Pushed The Price Lower Town of the $ 228– $ 229 Area, WHICH ACTED AS SUPPORT.
Trading Activity Was Strongest Early in the Session, with Volumes Pecking at 3.29 Million Units AROUND 17:00, BUT GRADUALLY DECLINED TO JUST 42,637 by the Closing Hour. This Sharp Reduction in Volume Suggested Weakening Participation and A Potential Pause Before A Larger Directional Move.
In the Final 60 minutes, from 13:11 to 14:10 UTC on Oct. 4, Sol Broke Below The Establissed $ 228– $ 229 Support Zone. PRICES FELL FROM $ 229.84 to $ 228.94, A 0.39% Drop That ConfirMed The Bearish Shift.
Withis this Window, The Market Showed Two Prases: An Early Rebound Attempt That Briefly Lifly The Price To -$ 229.78 at 13:38, Followed BY Renewed Selling That Drove.
Importantly, This Breakdown Coincided with A Surge in Volume. The Single Busiest Minute Occurred at 14:01, WHEN 18,011 UNITS Traded-The Highest One-Minute Reading of the Session.
This Pattern of Falling Price Alongside Rising Volume Suggested Larger Selers Were Active, Potentilly Increating The Likelihood that Bearish Momentum Continues.
Disclaimer: Parts of this Article Were Generated with the Assistance from Ai Tools and Review by Our Editorial Team to Enseure Accucy and Adherence to Our Standards. For more information, See Coindesk’s Full Ai Policy.
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