The Solana Network Experiences Another Prominent Outage

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


The Solana network has suffered its fourth significant outage since January on the 1st of October. The network stopped processing transactions and went offline. A year ago, there was a very prominent outage on the Solana Network. The network was out for almost 18 hours in September of last year.

The latest network outage was attributed to a misconfigured node as the primary cause. Immediately following the notification of the “poor performance” , the Solana Status Site stated that the network suffered an outage.  It took around six hours to restore the network.

Key SOLANA Levels to Watch — October 6

 Solana experienced a massive breakout on the 18th of August 2022. The market ascended from the support zone at $25.90 to the supply level at $48.40. Bears stormed the market at the supply zone. This prompted a bearish displacement from an already-formed ascending triangle. 

 The Solana Network Experiences Another Prominent Outage
SOLUSD – Daily Chart on FTX. Source: Tradingview

The market was overbought at the resistant $48.40 trade level. This aided the ease of the crash as the market pressure on the higher band of the Bollinger. The market dived to the support level of $30.00. 

 The daily candles have moved above the Moving Average between the Bollinger Bands. The market is almost in the oversold region as seen on the Stochastic. A little push higher is expected to prompt a crash to $30.00. 

Solana Key Levels

Resistance Levels:$48.40, $42.50, $39.00
Support Levels: $25.90, $30.00, $31.70

 Total Market Capitalization:$ $958.8B
Solana Market Capitalization: $11.9B
Solana Volume: $705.6M
Market Rank: #9

You can purchase Lucky Block here.  Buy LBLOCK

NoteLearn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *