{"id":1278515,"date":"2026-05-12T11:59:43","date_gmt":"2026-05-12T08:59:43","guid":{"rendered":"https:\/\/www.etoro.com\/?p=1278515"},"modified":"2026-07-17T22:13:05","modified_gmt":"2026-07-17T19:13:05","slug":"crypto-corner-solana-looks-to-break-resistance","status":"publish","type":"post","link":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-solana-looks-to-break-resistance\/","title":{"rendered":"Crypto Corner: Solana Looks to Break Resistance"},"content":{"rendered":"

The Daily Breakdown’s Crypto Corner digs into Sonic and 1Inch before taking a closer look at the charts for Solana.<\/p>\n

Before we dive in, let\u2019s make sure you\u2019re set to receive The Daily Breakdown each morning. <\/span><\/i>To keep getting our daily insights<\/i><\/b>, all you need to do is <\/span><\/i>log in<\/span><\/i><\/a> to your eToro account.<\/span><\/i><\/p>\n

Crypto Corner<\/b><\/h2>\n

We\u2019re continuing our talk about the ins and outs of the crypto market, helping investors become more familiar with the <\/span>110+ cryptoassets offered by eToro<\/span><\/a>. Today we\u2019ll discuss Sonic and 1inch.<\/span><\/p>\n

Sonic (S): Currently trading near $0.05 with a market cap of roughly $146 million<\/b><\/h4>\n

Sonic<\/a> is Fantom\u2019s next-generation Layer-1 upgrade, built for faster EVM-compatible apps across DeFi, gaming, payments, and trading \u2014 \u201cEVM-compatible\u201d means Sonic can run apps, smart contracts, and developer tools built for Ethereum with little or no modification.<\/span><\/p>\n

It improves Lachesis consensus with sub-second finality, modular architecture, and throughput above 2,000 transactions per second. The Sonic token powers gas fees, staking, and governance, without equity, dividends, profit-sharing, or passive income rights.<\/span><\/p>\n

1inch (1INCH): Currently trading near $0.10 with a market cap of roughly $140 million<\/b><\/h4>\n

1inch<\/a> is a multi-chain decentralized exchange aggregator that helps users find efficient token swaps across liquidity sources. It has expanded into limit orders, liquidity tools, wallet services, and cross-chain integrations, with the 1INCH token used for governance and protocol participation. Holders do not receive equity, dividends, or revenue rights, and protocol decisions are handled through DAO voting \u2014 Decentralized Autonomous Organization \u2014 rather than centralized management.<\/span><\/p>\n

Check out these crypto offerings \u2014 and many more \u2014 on <\/b>eToro\u2019s Discover page<\/b><\/a> and consider adding them to your watchlist. <\/b>\u00a0S and 1INCH are not currently available for NY users. <\/span>Learn more<\/span><\/a>. <\/span><\/p>\n

Want to receive these insights straight to your inbox?<\/strong><\/p>\n

Sign up here<\/a><\/p>\n

The Setup \u2014 Solana<\/b><\/h2>\n
\"Chart
Chart as of 8:00 a.m. ET on 5\/12\/2026. Source: eToro ProCharts, courtesy of TradingView.<\/em><\/figcaption><\/figure>\n

Like many cryptos, Solana has taken a hard tumble. After trading above $250 in September, SOL has been rangebound between $78 and $98 for several months.<\/span>Now, it\u2019s pressing into the top of that range as bulls look for a breakout through resistance. If they get it, more bullish momentum could follow. But if resistance holds near $100, Solana may remain stuck in its recent range.<\/span><\/p>\n

Disclaimer:<\/i><\/b><\/p>\n

Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.<\/i><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

The Daily Breakdown’s Crypto Corner digs into Sonic and 1Inch before taking a closer look at the charts for Solana. Before we dive in, let\u2019s make sure you\u2019re set to receive The Daily Breakdown each morning. To keep getting our daily insights, all you need to do is log in to your eToro account. Crypto…<\/p>\n","protected":false},"author":130,"featured_media":819735,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[6894],"tags":[],"asset_type":[],"class_list":["post-1278515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-breakdown"],"acf":[],"yoast_head":"The Daily Breakdown's Crypto Corner: Solana Looks to Break Resistance<\/title>\n<meta name=\"description\" content=\"The Daily Breakdown's Crypto Corner digs into Sonic and 1Inch before taking a closer look at the charts for Solana.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/posts\/1278515\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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