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Solana

HTF SOLETH bullish thesis has strengthened. Flippening possibleWe previously made a medium time frame analysis on SOLETH and predicted a reversal of SOL v ETH we have successfully reached those targets and now have reassessed. Based on the metrics, technicals, not even mentioning a variety of onchain indicators and whale accumulation we believe SOL is going to continue on its upward movement against ETH. Charts don't lie. We used to be very bullish and supportive of ETH and charts looked promising (see prior analyses), but ETH is now definitely in weak bullish mode at best or neutral mode at worst, while SOL is in a strong bullish mode. Based on fib and some other indicators we can expect SOL to outperform ETH by 2.5-3x this cycle. We are now convinced that the flippening long-awaited by the Ethereum community is bound to happen this cycle. However, not the way they wanted. Instead of ETH flipping BTC, it seems ETH will be flipped by SOL. Position yourself accordingly.
Long
by Goldsworth
SOL is aggressively coiling up, 300 USD Solana imminentSolana is being suppressed and it is getting angry. Some major shorts are keeping its price low while big spot buying is ongoing. Shorts were supposed to hold SOL price low or even flush it lower, yet something is not working out for the big forces shorting SOL as it is still in the long-term ascending channel. Any hour now, SOL is likely to break out violently and we will very soon see 300 dollars per SOL. It is always scary to be bullish after a huge leg up SOL has recently done, but it seems for many SOL has validated its thesis that it may overtake ETH and we may have a corresponding mark-up for SOL price. SOL at the marketcap of ETH would be 820 dollars. Make of that what you will, but the confuluence of TA, FA, momentum and metrics are a massive confluence.
COINBASE:SOLUSDLong
by Goldsworth
Solana’s 14% Drop Fails to Derail Bullish MomentumSolana (SOL) has slipped 14% from its January 19 all-time high of $295.83, now trading at $254.32. However, the altcoin's bullish momentum remains intact, with key indicators pointing to a potential rebound. The tide appears to be turning as SOL’s spot markets see renewed investor interest. After experiencing net outflows of $137 million—the highest in 30 days—SOL has rebounded with strong net inflows. This has driven a 9% price increase over the past 24 hours, signaling that buying activity is outpacing selling. Further fueling optimism, SOL’s Open Interest (OI) has surged by 11% in the last 24 hours, climbing to $7.25 billion. Rising OI is a strong indicator of heightened demand and trader confidence in the asset's near-term potential. On the daily chart, Solana’s Relative Strength Index (RSI) stands at 67.49, signaling bullish momentum without entering overbought territory. The RSI suggests strong accumulation, with room for further upside before a correction becomes likely. If the bullish trend continues, SOL could retest its $295.83 all-time high and potentially push higher. However, a surge in sell-offs could invalidate this outlook, potentially pulling SOL down to $239.39, where support lies. For now, Solana's strong investor interest and growing accumulation point to a promising near-term outlook. Whether it reclaims its highs or faces resistance, SOL remains a focal point in the crypto market.
by paul_endeo
SOLANA +38%: UNDERVALUED BLOCKCHAIN GIANT OR TEMPORARY HYPE?SOLANA COINBASE:SOLUSD +38%: UNDERVALUED BLOCKCHAIN GIANT OR TEMPORARY HYPE? When trading volumes explode by 38%, you either strap in for a rocket ride or brace for impact. 🚀🤯 Let’s see what’s driving Solana’s surge! BRIEF INTRO / KEY STAT Solana’s trading volumes skyrocketed 38% this week—bolstered by a massive $26.7B in DEX activity. 🎉📈 RECENT PERFORMANCE & SIGNIFICANCE New memecoins on TRADENATION:SOLANA have turned heads, fueling liquidity and buzz. When fun tokens meet fast tech, sparks (and sometimes fireworks) fly! 🤪🔥 EARNINGS SNAPSHOT & EXPANSION PLANS While it’s not a stock, Solana’s “earnings” come from network adoption. Dev interest is up, and more projects flock to its low-fee, high-speed ecosystem. 🏗️💡 VALUATION & PEERS Compared to Ethereum, Solana is still smaller in market cap. But with breakneck transactions and cheaper fees, is it truly undervalued—or just another crypto craze? 🤔💸 RISK FACTORS Volatility: Crypto roller coasters can make you dizzy. 🎢 Regulatory Pressure: Watch for potential DeFi crackdowns. ⚖️ Network Outages: Past hiccups hurt confidence. ⚠️ FUTURE OUTLOOK Could Solana dethrone Ethereum during the next bull run? Yes! It’s got the speed. 🚀 No way, too many outages. ❌ Vote below and let’s see where you stand!
COINBASE:SOLUSDLong
by DCAChampion
2
Jupiter on Solana: Future Bet or Bursting Bubble?In a world where innovation is currency, the Jupiter on Solana project looks like a golden nugget against the desert backdrop. It's not just another crypto project, it's a heck of a massive solution that makes you wonder if traditional financial instruments are worth all your attention. Let's start with the facts - Jupiter, is a decentralized exchange aggregator that not only connects liquidity, but does so with such efficiency that you start to question whether we even need centralized exchanges. See, Jupiter's trading volume has reached $1.5 billion, surpassing even 1inch, showing its dominance in the Solana space. Now let's talk about speed and scalability. This thing - Jupiter - processes transactions at a pace that makes you feel like you're in the 21st century instead of the era of waiting for wire transfers. We're talking thousands of transactions per second, which makes Solana and Jupiter not just a player, but a leader in the DeFi game. And don't forget the community. Jupiter has attracted over 955,000 accounts to its airdrop, which shows not only popularity but also trust in the platform. It's like when you find a company that not only promises but actually gives a return to its investors. If we look at the charts, we can see that Jupiter is showing a long accumulation. According to my Fibonacci grid, I expect Jupiter to test the area at the $5.4 level. If Jupiter breaks through this level, we could see an even more significant rise, which would signal a new round of interest and possibly the start of a mainstream adaptation. Horban Brothers, Alex Kostenich
Long
by horbanbrothers
2
Solana's Ecosystem and the Winds of ChangeIn the tapestry of today's financial markets, I see patterns that most do not. The current state of the Solana ecosystem reminds me of the housing market before the 2008 crash; not in its vulnerability, but in the potential for exponential growth, masked by the noise of the day-to-day market fluctuations. Solana's Rise and the RWA Sector Solana, with its high transaction throughput and low costs, has positioned itself as a beacon for developers and users alike. It's not just about speed; it's about utility. The Real World Asset (RWA) sector on Solana, particularly with projects like Parcl, offers a unique opportunity. Parcl enables investors to engage with real estate markets through tokenization, providing liquidity to an otherwise illiquid sector. This is akin to giving a farmer access to the stock market, only without the intermediaries that often siphon off value. The potential here is vast, as it democratizes access to real estate investment, which has traditionally been the preserve of the wealthy. Solana's infrastructure supports this with its scalability, making it an ideal platform for such financial innovations. The growth in this sector could mirror the growth in tech stocks during the early internet boom, but with a foundation that's more robust and less speculative. The ETF Approval Horizon Now, about the ETF. The winds of regulatory change are upon us. With a new SEC chair who understands the transformative power of blockchain technologies rather than fear-mongering about them, we're looking at a landscape where a Solana ETF could not only be approved but could potentially redefine institutional investment in cryptocurrencies. This isn't merely speculation; it's about understanding the shifts in regulatory climates. Much like how I foresaw the mortgage-backed securities debacle, I see a clear path for Solana ETFs, driven by the necessity for financial institutions to adapt or perish in this new digital economy. The approval of such an ETF would inject significant liquidity into Solana, potentially increasing its market cap and solidifying its position against other blockchain networks. The future of Solana, particularly with its RWA initiatives and the potential ETF approval, could be a defining moment in blockchain's integration into traditional finance. But remember, we navigate these waters not for the calm but for the storm of opportunity they promise. Horban Brothers, Alex Kostenich
Long
by horbanbrothers
Solana's Pump fun Deposits $28M SOL Amid Class Action LawsuitSolana ( CRYPTOCAP:SOL ), a high-performance blockchain network, has found itself in the spotlight once again, thanks to its association with Pump.fun—a Solana-based meme coin launchpad. Pump.fun’s recent activities, including significant deposits and a federal class action lawsuit, have spurred discussions around Solana’s price movements and market outlook. This article explores the technical and fundamental aspects of Solana’s current state. Pump.fun’s Controversial Operations and Solana Deposits Pump.fun, a leading player in the Solana ecosystem, has facilitated the creation of over six million tokens. According to Lookonchain, Pump.fun recently deposited 116,055 SOL (valued at $28 million) to Kraken, bringing its total deposits to 1,901,332 SOL, worth approximately $386.8 million. These transactions, coupled with $41.64 million in USDC generated from SOL sales, highlight Pump.fun’s substantial influence within the Solana network. However, Pump.fun is under fire due to a class action lawsuit filed by Burwick Law and Wolf Popper LLP. The lawsuit alleges that Pump.fun engaged in exploitative practices, including issuing volatile and unregistered tokens, and promoting hate speech on its platform. The legal scrutiny intensifies as reports reveal that Pump.fun earned $572 million in fees, yet only 0.41% of its wallets achieved profits exceeding $10,000. Critics argue that the platform disproportionately benefits a select few, while the majority of users incur losses. Technical Analysis of Solana’s Price Movement Despite the controversy surrounding Pump.fun, Solana’s price has demonstrated resilience. Currently trading within the $230–$250 range, Solana’s price action is consolidating after reaching a high of $290. This consolidation phase is pivotal, as it sets the stage for the next significant price movement. Key Technical Indicators: 1. Support and Resistance Levels: - Immediate support: $216 - Immediate resistance: $260 and $290 - A breakout above $290 could propel Solana’s price to $360, aligning with bullish projections. 2. Relative Strength Index (RSI): - RSI stands at 58, indicating moderate bullish momentum. - The RSI suggests that Solana is not overbought, leaving room for further price appreciation. 3. Chaikin Money Flow (CMF): - CMF value: +0.05, reflecting sustained capital inflows. - Positive CMF values indicate strong investor confidence and potential for further gains. Fundamental Outlook for Solana Solana’s ecosystem remains robust despite the challenges posed by Pump.fun’s legal issues. The blockchain’s high throughput and low transaction costs continue to attract developers and users alike. Pump.fun’s significant transactions underscore Solana’s role as a preferred network for large-scale operations, albeit with controversies. The ongoing lawsuit against Pump.fun could have mixed implications for Solana. On one hand, increased scrutiny may tarnish its reputation temporarily. On the other hand, resolving these issues could lead to greater transparency and trust in the network. Market Sentiment and Price Outlook Solana’s current consolidation suggests that the market is waiting for a catalyst to determine the next trend. The following scenarios could influence its price trajectory: 1. Bullish Scenario: - A breakout above $290 could lead to a rally toward $360, driven by continued capital inflows and bullish sentiment. - Positive developments in the Pump.fun lawsuit could restore investor confidence. 2. Bearish Scenario: - Failure to hold the $216 support level could result in a retracement to lower levels. - Prolonged legal issues or adverse outcomes for Pump.fun could dampen market sentiment. Conclusion Solana’s association with Pump.fun has placed it under the microscope, but the blockchain’s technical and fundamental strengths remain intact. While the legal challenges surrounding Pump.fun add an element of uncertainty, Solana’s price action indicates potential for a breakout, provided it overcomes key resistance levels. Investors should closely monitor developments in the Pump.fun lawsuit and Solana’s price movements. With its RSI signaling moderate bullish momentum and CMF values pointing to sustained capital inflows, Solana is well-positioned for a potential rally. However, caution is warranted, as external factors could influence its trajectory in the short term.
COINBASE:SOLUSDLong
by DEXWireNews
Will Solana (SOL) Reach $1000? Positive Momentum Beyonds Memes Solana (SOL), known for its high transaction speeds and low fees, has experienced periods of significant growth and equally dramatic pullbacks. The question on many investors' minds is whether SOL can reach the ambitious target of $1000. While key technical indicators point to positive momentum, the network faces challenges that extend beyond the fleeting influence of meme hype. This article examines the factors influencing Solana's price trajectory, weighing its potential for significant growth against the hurdles it must overcome. Technical Indicators Paint a Bullish Picture (For Now) Currently, several technical indicators suggest positive momentum for SOL. The price consistently holding above both the 50 and 200-day moving averages is a bullish sign. These moving averages are widely used by traders to identify trends, with the 50-day MA representing short-term momentum and the 200-day MA indicating the long-term trend. When the price is above both, it suggests a healthy uptrend. Other technical indicators, such as Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), can provide further insights. If the RSI is trending upwards without reaching overbought levels (typically above 70), it suggests growing buying pressure. A bullish crossover on the MACD (where the MACD line crosses above the signal line) can also signal a potential price increase. However, relying solely on technical analysis can be misleading. While these indicators can identify trends, they don't account for fundamental factors like network performance, adoption, and competition. Beyond Meme Hype: Fundamental Strength and Adoption Solana's initial surge in popularity was partly fueled by meme coins and NFT projects built on its blockchain. While this generated significant interest and trading volume, it also created a perception of Solana being driven by hype rather than fundamental value. For SOL to reach $1000, it needs to demonstrate sustainable growth based on real-world adoption and utility. Several factors contribute to Solana's fundamental strength: • High Transaction Speed and Low Fees: Solana's architecture allows for significantly faster transaction processing and lower fees compared to networks like Ethereum. This makes it attractive for decentralized applications (dApps) requiring high throughput, such as decentralized finance (DeFi) platforms and NFT marketplaces. • Growing Ecosystem: Despite facing challenges, Solana's ecosystem continues to grow, with new projects and developers building on the network. This expansion is crucial for attracting users and driving demand for SOL. • Technological Advancements: Ongoing development and upgrades to the Solana network aim to improve its stability, scalability, and security. These advancements are essential for addressing past network outages and building trust among users. Challenges and Roadblocks Despite the positive momentum and fundamental strengths, Solana faces significant challenges: • Network Stability: Solana has experienced several network outages in the past, raising concerns about its reliability. Addressing these issues and ensuring network stability is crucial for attracting institutional investors and mainstream adoption. • Competition: Solana faces intense competition from other layer-1 blockchains like Ethereum, Cardano, and Avalanche. These networks are also developing and improving their technology, making it challenging for Solana to maintain its competitive edge. • Negative Perception: The past network outages and association with meme coin hype have created a negative perception of Solana in some parts of the crypto community. Overcoming this perception and building trust will be a key challenge. • Coinbase Withdrawal Delays: The recent criticism of Coinbase for delays in processing Solana withdrawals is a concerning development. Such issues can erode user confidence and negatively impact the network's reputation. While Coinbase has its own operational issues and this may not be solely a Solana problem, it still reflects poorly on the overall user experience. The $1000 Target: A Realistic or Distant Dream? Reaching $1000 would require a significant increase in Solana's market capitalization. This would necessitate widespread adoption of the network, sustained growth in its ecosystem, and overcoming the existing challenges. While the current technical indicators are positive, they are not a guarantee of future price appreciation. The success of Solana depends on its ability to: • Maintain Network Stability: Addressing network outages and ensuring consistent uptime is paramount. • Attract Developers and Users: Growing the ecosystem with innovative dApps and attracting a larger user base is crucial. • Overcome Negative Perception: Building trust and addressing concerns about network reliability is essential for mainstream adoption. • Compete Effectively: Staying ahead of the competition in the rapidly evolving blockchain landscape is vital. Conclusion Solana has the potential for significant growth, driven by its technological advantages and growing ecosystem. However, reaching the ambitious target of $1000 is a challenging task. While positive momentum is evident in current technical indicators, the network faces significant hurdles, including network stability issues, competition, and negative perception. Overcoming these challenges and demonstrating sustainable growth based on real-world utility will be crucial for Solana to achieve its full potential. The recent Coinbase withdrawal delays highlight the importance of smooth user experience and operational efficiency for any blockchain network aiming for mass adoption. Investors should carefully weigh these factors before making investment decisions.
COINBASE:SOLUSDLong
by bryandowningqln
Breaking: $TRUMP Surges 20% Following Inclusion in Spot ETFThe cryptocurrency market has been buzzing with excitement as $TRUMP, the official Trump memecoin launched on the Solana blockchain, experiences a sharp 20% surge. This rally follows the announcement of its inclusion in a spot ETF by Rex Osprey, a major player pushing the boundaries with seven ETF applications, covering assets like BTC, ETH, DOGE, and the surprising addition of $TRUMP. Fundamental Insights $TRUMP was launched on January 17, 2025, making it a relatively new entrant in the cryptocurrency market. Despite its infancy, the token has already captured significant attention. Within its first days of trading, $TRUMP reached an all-time high (ATH) of $74+, as per CoinMarketCap, and an all-time low (ATL) of $6.24. Interestingly, data from Dextools paints an even more dramatic picture, with an ATL of $0.024. These early days have been marked by high volatility and remarkable trading stories. Notably, one trader turned $4 into $97,000, while another flipped $1 into $19,000, sparking euphoria across the market. As of today, $TRUMP has retraced to a critical support level of $33, following its ATH. This retracement aligns with broader market dynamics and provides a potential launchpad for further gains. The coin’s market capitalization has already reached $40.89 billion, underscoring its growing influence in the memecoin ecosystem. Adding intrigue to $TRUMP’s narrative is MELANIA, a token attributed to the First Lady. MELANIA reached an ATH of $13, diverting liquidity and profits from $TRUMP. This phenomenon is cited as a key reason $TRUMP failed to break the $100 milestone, as traders shifted focus to capitalize on MELANIA’s momentum. Technical Analysis From a technical standpoint, $TRUMP is showing promising signs: 1. RSI at 62: The Relative Strength Index (RSI) indicates a healthy momentum, suggesting $TRUMP has room to capitalize on the recent cooldown. 2. Support at $33: The token has found strong support at $33, a critical level for maintaining its bullish trajectory. 3. Trading Patterns: Although $TRUMP’s trading history is brief, it has already exhibited a sharp rally followed by a controlled retracement, a common pattern for new tokens with high market interest. 4. Potential Breakout: With its inclusion in the spot ETF and renewed attention following Trump’s inauguration, $TRUMP is poised for a potential breakout. A retest of its ATH at $74+ could set the stage for a rally toward $100 if market conditions remain favorable. Fundamental Catalysts - Spot ETF Inclusion: Rex Osprey’s decision to include $TRUMP in its spot ETF applications lends significant credibility and visibility to the token, attracting institutional and retail interest alike. - Community Hype: The memecoin’s alignment with a high-profile figure and its vibrant community provide strong fundamental support. - Market Sentiment: Trump’s recent inauguration and the token’s rapid adoption have created a wave of positive sentiment, further driving demand. Outlook and Conclusion With a strong combination of technical and fundamental factors, $TRUMP appears well-positioned for continued growth. The token’s recent retracement to $33 - $40 offers an attractive entry point for traders, while its inclusion in a spot ETF provides a robust foundation for long-term value. However, market participants should remain cautious, as memecoins are inherently volatile and subject to rapid shifts in sentiment. If $TRUMP can sustain its current momentum and retest its ATH, the elusive $100 milestone could be within reach, marking a significant achievement for this nascent yet impactful cryptocurrency.
Long
by DEXWireNews
ETH Pattern | SOL | All Time High for ETH in SIGHTSolana has recently made a new ATH - and, surprisingly BEFORE Ethereum. This cycle shows to be different than the previous alt cycle, where ETH leaded SOL. Currently, what we're seeing in the weekly timeframe is a clear bullish pattern on Ethereum - the bullish inverses Head and Shoulders Pattern. It's likely that the liquidity from SOL may move into ETH, together with other alts in the TOP 10 category by market cap. This means, that top10 alts may drop - and ETH sees an increase towards a new ATH. ______________________ BINANCE:ETHUSDT BINANCE:SOLUSDT
Long
by CryptoCheck-
Is the American Coin Memecoin $USA Prime for a 1000% Surge?The Solana-based memecoin NYSE:USA , a parody token with no direct affiliation to the United States, has captured the attention of the crypto world. With a current market cap of $88 million, this coin surged to prominence, recording a staggering 1300% increase during the week the official Trump and Melania coins were launched. However, this meteoric rise was followed by an 81% retracement, leaving investors wondering about its future potential. Recent Market Trends and Technical Indicators Since former President Donald Trump’s inauguration last night, NYSE:USA has seen a sharp decline, dropping 55% in the past 24 hours. Despite this downturn, there are signs of a potential trend reversal. The daily candlestick pattern indicates the formation of a new candle, suggesting a possible surge of 252% in the short term and a 1000% increase in the long term, provided the broader crypto market stabilizes. Key Technical Levels to Watch - Support Level: $0.00000194, aligning with the one-month low. A breakdown below this level could trigger catastrophic losses for $USA. - Resistance Level: $0.000019755, coinciding with the 38.2% Fibonacci retracement level. A breakout above this point could set the stage for a long-term 1000% rally. - RSI: At 66, the Relative Strength Index suggests that NYSE:USA is holding strong against bearish pressures, leaving room for further upward momentum. Fundamental Insights NYSE:USA ’s unique positioning as a parody token and its community-driven nature have been instrumental in its popularity. Its association with significant events, such as the Trump and Melania coin launches, underscores its speculative appeal. However, the token’s lack of intrinsic value and high volatility remain critical risks. Market Activity and Liquidity NYSE:USA tokens are available on decentralized exchanges, with Orca being the most popular platform. The trading pair DEFAI/USA on Orca recorded a 24-hour trading volume of $93,766.70. Other options include Meteora and Raydium (CLMM). Trading Volume The 24-hour trading volume of NYSE:USA is $18,866,936, marking a 93.90% decrease from the previous day. This significant drop highlights a decline in market activity. Historical Price Performance - All-Time High: $0.00002545, recorded on January 19, 2025. The current price is 70.12% lower. - All-Time Low: $0.0000002267, recorded on August 21, 2024. The current price is 3,254.68% higher. Outlook for NYSE:USA The future of NYSE:USA hinges on its ability to capitalize on market momentum and maintain investor interest. While the current technical indicators and market dynamics suggest a potential for significant gains, the token’s high volatility and reliance on speculative trends present substantial risks. Conclusion NYSE:USA represents a unique blend of humor, speculation, and community engagement in the crypto space. Its recent performance and technical indicators suggest potential for a strong rebound, but investors should exercise caution, keeping an eye on key support and resistance levels. As always, conducting thorough research and considering market conditions are essential before making investment decisions.
RAYDIUM:USASOL_HKPRCT.USDLong
by DEXWireNews
Solana ($SOL) Cup and Handle offers 65% Gain PotentialTaking a look at Solana on the Weekly timeframe, i've drawn out this cup and handle pattern: As we can see here, the swing low of $8 to the swing high of $264 provides a measurement we can use from the recent low of $169. When we pair that with a fib extension we have a perfect 1.618 that aligns with this price target of around $400. Notice, however, that we also have another potential swing low and a 1.272 fib extension with a price target of around $350. Given the bullishness of CRYPTOCAP:SOL , being the best crypto in the space, and the catalyst $TRUMP has brought, introducing the general public to its fantastic user experience, low fees, and quick transfer speeds, the bull case for SOL is quite apparent. Howevever, I would be remiss not to point out the bear case that is showing itself here. At least for the short term: As you can see, this daily rising wedge has been forming since April. We've fallen out of it, bounced off the bottom, and rocketed back into it only to hit the top of the inside of the wedge at $295 and be rejected back below the previous ATH of $264. I see the 200-day MA (Purple line) as my key support level to remain bullish, and has proved to be a strong buy level. I managed to catch it at $175 on the latest attempt to breach that led to a massive move to $295. One should always consider both the bull and bear cases and manage risk accordingly. This is for informational purposes only and not a suggestion or recommendation to buy or sell any asset or otherwise. You are responsible for your own decisions no matter where you get information. Never invest if you can't afford it and consider all investing gambling. - Shadowfigure
KRAKEN:SOLUSD
by Shadowfigure
Solana - Pay Very Close Attention Now!Solana ( CRYPTO:SOLUSD ) is perfectly rejecting the all time high: Click chart above to see the detailed analysis👆🏻 After we saw the creation of the previous all time high back in 2021, Solana just recently actually broke above the major resistance and is now retesting this new support area. So far we are seeing the perfect break and retest and new all time highs will simply follow. Levels to watch: $200, $500 Keep your long term vision, Philip (BasicTrading)
CRYPTO:SOLUSDLong
by basictradingtv
24
Breaking: $TRUMP Set to Surge to $100 on Trump’s InaugurationThe Solana-based memecoin, $TRUMP, created by the newly elected U.S. President Donald Trump, has taken the crypto world by storm. With a 15% uptick in price at the time of writing and major exchanges like Binance now listing the token, $TRUMP is making history as the first memecoin projected to reach the $100 milestone. This explosive growth highlights the coin’s unique blend of political significance and community-driven appeal. Technical Analysis: Is $100 a Realistic Target? The $TRUMP chart reveals a possible retracement to the $33 support zone, which could serve as a prime buy opportunity for traders. Liquidity has already been swept from the recent highs, suggesting that the market is gearing up for another upward move. Here are the key technical factors: 1. Support and Resistance Levels: - Immediate resistance is set at $73.43, the coin’s all-time high recorded on January 19, 2025. - Key support is at $33, where buyers have previously stepped in, indicating strong demand. 2. Trading Volume Surge: - $TRUMP’s daily trading volume stands at $35.9 billion, a 61.2% increase in just 24 hours. This uptick in volume is a bullish signal, showing heightened market activity. 3. Momentum Indicators: - RSI suggests the coin is nearing overbought territory, signaling potential cooling off before another rally. - MACD shows bullish divergence, further supporting a potential move to $100. What Makes $TRUMP Unique? The Official Trump token combines meme culture with political symbolism, creating a one-of-a-kind asset. Here’s what sets it apart: 1. Backed by Donald Trump: - Launched on Truth Social, $TRUMP is directly tied to President-elect Donald Trump’s brand, amplifying its appeal to both crypto enthusiasts and political supporters. 2. Ownership and Unlocking Schedule: - CIC Digital LLC and Fight Fight Fight LLC, affiliates of The Trump Organization, collectively own 80% of the Trump Cards, subject to a 3-year unlocking schedule. This structured release reduces the risk of immediate sell-offs. 3. Decentralized Appeal: - Despite its political connections, the token’s creators emphasize that $TRUMP is not a political instrument or security. Instead, it’s designed to engage users in the ideals and artwork associated with the Trump brand. Market Data: A Glimpse at $TRUMP’s Growth - Current Price: $54.03 (26.5% below its ATH of $73.43). - All-Time Low: $4.29 (achieved just two days ago). - Market Cap: $10.6 billion, ranking it #21 on CoinGecko. - Circulating Supply: 200 million tokens. Where to Buy $TRUMP The token is available on several leading exchanges, including: - OKX: The most active trading pair, TRUMP/USDT, has a 24-hour volume exceeding $4 billion. - KuCoin and Gate.io: Other popular platforms with significant trading activity. Potential Risks and Rewards While $TRUMP offers significant upside potential, traders should be aware of the inherent risks. High volatility, political controversies, and the speculative nature of memecoins could impact its trajectory. However, the token’s strong community support and robust trading activity make it a compelling choice for risk-tolerant investors. Conclusion $TRUMP is more than just a memecoin; it’s a cultural phenomenon blending crypto innovation with political influence. With technical indicators pointing toward a potential rally and fundamentals bolstered by strong market interest, the coin’s path to $100 seems increasingly plausible. Whether you’re a trader seeking short-term gains or a believer in its long-term potential, $TRUMP is a token to watch in 2025.
Long
by DEXWireNews
Solana on the Verge of a Bullish Reversal: Price Targets SetSolana (SOL) is showing strong signs of a potential recovery after a significant selloff, with key technical indicators pointing to a possible upward reversal. The Relative Strength Index (RSI) is currently in oversold territory below 30, a classic signal of an impending price rebound. This suggests that Solana is due for a bullish correction. MACD is showing a bullish crossover, with the MACD line crossing above the signal line, indicating increasing upward momentum. After a dramatic price decline, Solana has started to climb, signaling that buyers are stepping back in. This price action supports the potential for further upward movement. Analysts are optimistic about Solana’s future, with several forecasts predicting a move toward $250–$300 in the next few months, assuming the current bullish momentum holds. Increased institutional interest and Solana’s growing presence on major platforms like Robinhood are contributing to a positive outlook as well. Take Profit Levels: $210: This is the first key resistance level. If Solana breaks and holds above this level, it would confirm the start of a stronger uptrend. $260: The next major target is $260. If Solana continues its bullish trajectory, this level is likely to be tested.
COINBASE:SOLUSDLong
by ValchevFinance
3
Is #SOL Ready For a Major Pullback or Not? Key Levels to WatchYello, Paradisers! Is #SOLUSDT gearing up for a breakout, or will we see a sharp bearish turn? Let’s analyze the critical levels and what lies ahead for #Solana: 💎#SOL is currently moving within a classic Descending Broadening Wedge—a pattern often associated with significant trend reversals. The price is approaching the descending resistance near $223.45, and a decisive breakout above this level could ignite a strong bullish rally. 💎If #SOLUSD manages to close above $223.45 on the 8H or daily chart, we could see an explosive move toward the next major resistance zone between $250 and $270. These levels could act as key profit-taking zones for bulls, so keep a close watch on trading volume and momentum. 💎On the flip side, #Solana has a strong demand zone around $155.89–$168.69, which has consistently attracted buyers. However, if we see a confirmed break and close below $155.89, the bullish structure would be invalidated, opening the door for a deeper correction toward $130–$140. 💎The recent liquidity sweep at the demand zone shows how the market is shaking out weak hands before a decisive move. Stay patient and wait for confirmation at these key levels before entering a trade. Stay focused, patient, and disciplined, Paradisers🥂 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
6