Crypto
Solana Name Service Pauses .sol Registrations Ahead of Eligibility Snapshot
Solana Name Service will pause .sol registrations on August 17 to give holders one last chance to secure their domains before the cutoff. This move is part of preparations for the upcoming eligibility snapshot.
The price action on the Solana chart shows SOL trading at $76.37 within its Bollinger band, with an upper resistance level at $78.21. The EMA50 and EMA200 act as stacked support levels, while the MACD golden cross indicates a bullish structure.
Traders are watching this development closely, as it could impact supply dynamics without triggering a broader crypto market crash scenario.