Key technical indicators suggest a positive momentum, with SOL maintaining levels above the 50 and 200 moving averages.
Meanwhile, Coinbase faced criticism for delays in processing Solana withdrawals.
Logo of Solana
Solana (SOL) hit a price resistance level and is currently on a retracement after benefiting from the Trump meme coin frenzy. Although the price is retracing, technical indicators show positive momentum.
According to TradingView, SOL hit a resistance level
of $261 on Sunday. The trend was boosted by the launch of Donald Trump-themed meme coins, a significant addition to the network. However, the rally isn't limited to hype; it's
underpinned by technical indicators and institutional interest that signal the
potential for further growth.
At the time of publication, SOL changed hands for
$241, representing a 28% increase in the past week and a 2% decline in the past
24 hours. Price remains above the 50 and 200 moving averages but still below
the overbought zone at 63.
Meme Coin Mania Fuels Solana's Rally
On the weekly chart, Solana soared 41% from $183 to
$260 as investors remained optimistic amid high trading volumes and speculation
about a possible Solana-based spot ETF.
Solana (SOL) Daily Chart, Source: TradingView
Besides the positive technical indicators, Solana is
facing positive fundamentals. Solaxy, a layer-2 solution, has raised
over $12 million in a presale, CryptoPotato reported. The Solana-based project promises to enhance
scalability by processing transactions off-chain and bundling them to reduce
congestion on the main network.
Additionally, its compatibility with Ethereum boosts
its liquidity potential in Solana's growing ecosystem. Despite the excitement,
Coinbase has faced heavy criticism for withdrawal delays affecting Solana
transactions.
Coinbase Faces Backlash Over SOL Withdrawals
Users vented frustration on social media, with some
accusing the platform of failing to prioritize Solana infrastructure.
Meanwhile, other users reportedly claimed significant financial losses as they waited
hours for pending transactions.
Coinbase, which recently listed the Official Trump
meme coin as an SPL token, has a history of operational issues during market
surges. The platform's outages and Solana's occasional network disruptions have
reportedly compounded users' dissatisfaction.
Solana's price started retreating on Sunday, moving as
low as $230. This represents a significant decline from the previous high of
more than $270 just hours earlier.
Additionally, the new memecoins by the US first couple faced market volatility after Trump's swearing-in yesterday (Monday). At the
time of publication, $TRUMP was down 22% in the past day at $38. On the other
hand, $MELANIA has also dropped from a high of $13 to currently trade at $3.
Despite the turbulence, SOL remains a top contender in
the crypto space. The market is eyeing a potential rebound fueled by robust ecosystem growth and institutional interest. Solana's Soaring to over $1000
strongly depends on the overall market dynamics.
Solana (SOL) hit a price resistance level and is currently on a retracement after benefiting from the Trump meme coin frenzy. Although the price is retracing, technical indicators show positive momentum.
According to TradingView, SOL hit a resistance level
of $261 on Sunday. The trend was boosted by the launch of Donald Trump-themed meme coins, a significant addition to the network. However, the rally isn't limited to hype; it's
underpinned by technical indicators and institutional interest that signal the
potential for further growth.
At the time of publication, SOL changed hands for
$241, representing a 28% increase in the past week and a 2% decline in the past
24 hours. Price remains above the 50 and 200 moving averages but still below
the overbought zone at 63.
Meme Coin Mania Fuels Solana's Rally
On the weekly chart, Solana soared 41% from $183 to
$260 as investors remained optimistic amid high trading volumes and speculation
about a possible Solana-based spot ETF.
Solana (SOL) Daily Chart, Source: TradingView
Besides the positive technical indicators, Solana is
facing positive fundamentals. Solaxy, a layer-2 solution, has raised
over $12 million in a presale, CryptoPotato reported. The Solana-based project promises to enhance
scalability by processing transactions off-chain and bundling them to reduce
congestion on the main network.
Additionally, its compatibility with Ethereum boosts
its liquidity potential in Solana's growing ecosystem. Despite the excitement,
Coinbase has faced heavy criticism for withdrawal delays affecting Solana
transactions.
Coinbase Faces Backlash Over SOL Withdrawals
Users vented frustration on social media, with some
accusing the platform of failing to prioritize Solana infrastructure.
Meanwhile, other users reportedly claimed significant financial losses as they waited
hours for pending transactions.
Coinbase, which recently listed the Official Trump
meme coin as an SPL token, has a history of operational issues during market
surges. The platform's outages and Solana's occasional network disruptions have
reportedly compounded users' dissatisfaction.
Solana's price started retreating on Sunday, moving as
low as $230. This represents a significant decline from the previous high of
more than $270 just hours earlier.
Additionally, the new memecoins by the US first couple faced market volatility after Trump's swearing-in yesterday (Monday). At the
time of publication, $TRUMP was down 22% in the past day at $38. On the other
hand, $MELANIA has also dropped from a high of $13 to currently trade at $3.
Despite the turbulence, SOL remains a top contender in
the crypto space. The market is eyeing a potential rebound fueled by robust ecosystem growth and institutional interest. Solana's Soaring to over $1000
strongly depends on the overall market dynamics.
Jared Kirui is an Editor at Finance Magnates with more than five years of experience in financial journalism. He covers online trading, fintech, payments, and crypto industries with a focus on companies, regulation and compliance, executive moves, trading technology, and market analysis.
His work has been featured in other media outlets, including Benzinga, ZyCrypto, The Distributed, and The Daily Hodl.
Education:
Bachelor of Commerce degree (Finance option), University of Nairobi
After Returning Billions Last Year, FTX Starts Another Creditor Payout Round
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
