Sygnum Bank Report Reveals Growing Institutional Preference for Solana Over Ethereum In an October 1 report, Sygnum Bank highlighted a growing trend among financial institutions favoring Solana over Ethereum due to Solana’s superior scalability, as reported by Cointelegraph. The Swiss crypto bank’s report points to active industry engagement with Solana, noting that major players like
Bitcoin World
You can visit the page to read the article.
Source: Bitcoin World
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Solana (SOL) Clings to Key Support: Is a Bounce Imminent?
Solana trimmed gains and tested the $132 support. SOL price is consolidating and might aim for a fresh increase above the $140 resistance zone. SOL price started a fresh decline below the $145 zone against the US Dollar. The price is now trading near $142 and the 100-hourly simple moving average. There was a break above a short-term bearish trend line with resistance at $136 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a recovery wave if it stays above the $132 support zone. Solana Price Revisits $132 Solana price started a fresh decline from the $162 resistance like Bitcoin and Ethereum. SOL declined below the $155 and $150 support levels. It even declined below $142. However, the bulls were active above the $132 support. A low was formed at $133.17 and the price is now consolidating losses. There was a move above the $135 level. The price climbed above the 23.6% Fib retracement level of the recent decline from the $1482 swing high to the $133 low. There was also a break above a short-term bearish trend line with resistance at $136 on the hourly chart of the SOL/USD pair. Solana is now trading below $142 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $140 level. The next major resistance is near the $142 level. It is close to the 61.8% Fib retracement level of the recent decline from the $1482 swing high to the $133 low. The main resistance could be $148. A successful close above the $148 and $150 resistance levels could set the pace for another steady increase. The next key resistance is near $155. Any more gains might send the price toward the $162 level. More Downsides in SOL? If SOL fails to rise above the $140 resistance, it could start another decline. Initial support on the downside is near the $135 level. The first major support is near the $132 level. A break below the $132 level might send the price toward the $120 zone. If there is a close below the $120 support, the price could decline toward the $112 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $135 and $132. Major Resistance Levels – $140 and $148. Bitcoin World
All-Women AI PhD Program Launches in Africa
A pioneering Africa-Europe collaboration aims to train 700 African Doctor of Philosophy (PhDs) in artificial intelligence (AI) over the next decade. The first intake of this program, however, will be unique: it will consist entirely of women. This initiative is the brainchild of CORE AI, a research partnership uniting universities from both continents. The program Bitcoin World