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Solana

Why $POPCAT Could Be a Long-Term Contender in Solana BlockchainPopcat (SOL), a Solana-based meme coin, is grabbing attention within the crypto market due to its recent price performance, robust growth, and high trading activity. The meme coin, based on the widely popular Internet meme featuring the cat 'Oatmeal,' has gained traction with an impressive rise from $0.93 to $1.60, showing a 41% increase in the last 30 days. As of this writing, $POPCAT trades at $1.53, supported by a 24-hour trading volume of $87.2 million and a market cap of $1.4 billion. The Power of Solana’s Ecosystem The Solana blockchain is renowned for its fast, low-cost transactions, making it a fitting platform for meme coins and other highly traded assets. The network’s ecosystem has shown significant growth, with recent trading volume on Solana reaching $15.7 billion—nearly double Ethereum’s volume. Popcat (SOL), as part of the flourishing Solana ecosystem, benefits from the chain’s scalability and low transaction costs, which are crucial for meme coins that often experience high trading volumes and rapid transactions. Furthermore, Raydium, a Solana-based decentralized exchange (DEX), has been closing in on Ethereum’s Uniswap in terms of trading volume across multiple networks. Raydium's $9.7 billion volume against Uniswap's $11.1 billion underscores Solana's expanding influence in the decentralized finance (DeFi) space. For Popcat (SOL) and similar meme coins, these advancements in Solana’s infrastructure bring increased exposure, liquidity, and trading opportunities. Technical Analysis: Will $POPCAT Reach New Highs? Popcat (SOL) is currently positioned with a bullish outlook, reflecting a 13% increase over the past week and ranking 6th in market capitalization within CoinMarketCap’s meme coin sector. From a technical perspective, Popcat has consistently traded within a rising channel, indicating strong bullish momentum. The Relative Strength Index (RSI) sits at 60, a neutral yet bullish sign showing that while the coin is neither overbought nor oversold, there is room for continued upward momentum. The monthly price chart shows a falling wedge pattern—a bullish reversal indicator—that pushed Popcat to its current highs. With resistance anticipated at $1.80, the token could face a pullback to the support level around $1.39 if Bitcoin or Solana experience price fluctuations. This range-bound activity may offer new entry points for investors, potentially paving the way for further gains if buying sentiment remains strong. Given the market’s optimistic sentiment and potential catalysts on Solana, $POPCAT could soon aim for its all-time high (ATH) of $1.67, and possibly break through to $2. This forecast aligns with ongoing upgrades and developments within the Popcat (SOL) project, which could drive fresh interest and increased trading volume. Market Sentiment and the Meme Coin 'Super Cycle' A strong crypto market sentiment, particularly driven by Bitcoin's performance, could further amplify Popcat's price action. The expectation of a potential ‘meme coin super cycle’ in 2025 has prompted speculation around the coin's future potential. If these trends hold, Popcat's position within the meme coin ecosystem and its Solana backing could make it a significant player in the next cycle. Popcat’s Market Metrics and Growth Potential 1. Trading Volume: Popcat (SOL) has seen a 112.90% increase in 24-hour trading volume to $195,423,925, signaling strong market interest and activity. 2. All-Time High: The coin reached its ATH of $1.67 on October 24, 2024, making the current price 7.71% lower than this high. 3. Market Cap: With a market cap of $1.51 billion, Popcat ranks #61 on CoinGecko and #54 on Coinmarketcap , making it a notable player within the meme coin sector. 4. Price Performance: Over the past week, Popcat has outperformed both the global crypto market, which declined by 1.00%, and similar meme coins, which fell by 3.60%. Conclusion For those closely monitoring meme coins and Solana-based assets, Popcat (SOL) appears to present an appealing investment opportunity. Its recent price momentum, bolstered by a robust Solana network and high trading volume, positions $POPCAT well for potential growth. While short-term resistance may cause minor pullbacks, the broader outlook suggests further gains are achievable, particularly if Solana continues its ecosystem expansion. Whether $POPCAT can reach or exceed the $2 mark will depend on broader market movements, particularly those of Bitcoin and Solana, but its technical indicators and ecosystem support present a compelling case for growth.
RAYDIUM:POPCATSOL_FRHB8L.USDLong
by DEXWireNews
BTC and SOL Form Bullish Cup and Handle PatternBINANCE:BTCUSDT and BINANCE:SOLUSDT technical analysis update. BTC and SOL are showing similar chart patterns, each forming a cup and handle. Currently, both SOL and BTC prices are trading within the handle, moving toward a potential breakout. If this breakout occurs, we could see a strong bullish move in both assets. SOL has already risen 2600% from its bottom, and a breakout could potentially lead to a further 200-500% increase. BTC, on the other hand, has gained 360% from its bottom, and a breakout from this cup and handle pattern could yield an additional 100-200% upside.
Long
by HexaTrades
ATCryptoScan: SOLUSD, Solana, the sunshineWeekly SOLUSD chart shows an indicative picture perfect Bullish burst. 1. MACD and VolDiv crossover on the bullish territories. The last time this might have happened would be about July 2021 (VolDiv had not enough data to be plotted atat that time); 2. a large consolidation since early 2024 appears to be breaking out and a potential break on the long term trendline is indicative with favourable technical indication; and 3. Fibonacci retracement saw a 61.8% pullback for the base which never broke down and during this time, VolDiv was trending up So heads up... SOLUSD has a projected target price of about 336 around mid-2025.
BINANCE:SOLUSDLong
by Auguraltrader
2
SOLANA (SOLUSDT): Bullish Momentum Achieves All Targets!SOLANA (SOLUSDT) Analysis: Bullish Momentum Achieves All Targets! Time Frame: 15-minute Trade Type: Long Entry: $168.54 Stop Loss (SL): $167.82 Targets (TP): TP1: $169.43 - Achieved ✔️ TP2: $170.86 - Achieved ✔️ TP3: $172.30 - Achieved ✔️ TP4: $173.19 - Achieved ✔️ Technical Overview: Solana (SOLUSDT) displayed a strong bullish trend, successfully hitting all projected targets in the 15-minute timeframe. The price maintained an upward trajectory supported by the Risological dotted trend line (a custom trend indicator) reflecting solid market support and increasing momentum. Key Stats: Volume: 2.91M (compared to an average 30-day volume of 14.55M) Performance: 1 Week: +9.02% 1 Month: +11.98% 3 Months: -5.79% (slight retracement) 6 Months: +26.41% Year-to-Date (YTD): +71.06% 1 Year: +448.54% (significant yearly growth) The successful completion of all targets showcases strong buying interest and consistent volume support. With a sharp yearly growth rate, Solana’s current performance aligns well with its historical bullish trajectory. Traders who entered at the set entry point reaped the benefits as SOL maintained its bullish momentum.
Long
by ProfitsNinja
Raydium - Load The Truck Raydium. Higher 24H Fees Generated Than ETH 800M Mcap, 1.6b FDV Breakout against BTC.. Nobody uses Jupiter.. Raydium is where it's at.. Pump.Fun is the real catalyst for this bull run, and Raydium is the LP they've partnered with.. It's not just a DEX...Raydium grants you , with no experience, and no money.. the power to create your own currency celebrating your overweight cat.. and give people something to believe in. But it also allows people to create communities around things that matter.. community is the new narrative. People believing in something is the spark of this new movement. Doge was the first crypto example.. GME and AMC were the first trad fi examples .. Then came the OG memes DOGE, SHIB... The space grew to other chains.. PEPE.. BOME... WIF... Then .. bang. Tweets are being tokenized. Videos are being tokenized.. The merge is happening, between media and money... And it's Raydium at the center of it Raydium is the pick. Just buy it and don't think about it until end of 2025. Initial target, depth of the cup.. 700ish% against BTC (while btc is breaking out we're assuming).. so 20x in USD more or less.
Long
by sengleadevelopment
Honestly, I don't feel like explaining, the chart says it all !!SOLUSDT is in the ascending phase by the cup and handle. SOL is in a large C&H if it follows these pattern, the price will have a nice rally. ⭐The pattern increases the price by the amount of the measured price movement (AB=CD). ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard .💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
6
SOL will soon be bearishWave F of our diametric was an ABC, wave C of this diametric is ending. In the red zone, the correction can end and the price enters the G wave. We are looking for sell/short positions in the red range. With Solana drop, the currencies that are on Solana network also seem to drop (MEW, MYRO, WIF, etc.). Closing a daily candle above the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
US Spot Bitcoin ETFs Reverse Inflow StreakMarket Update - October 25, 2024 US spot bitcoin ETFs saw $79 million in net outflows Tuesday, reversing a seven-day inflow streak that had brought in over $2.6 billion:  The outflows came mainly from Ark and 21Shares' ARKB fund. Bitcoin prices inched closer to $70,000 at the start of the week when futures open interest surged to over $40 billion:  But prices subsequently pulled back mid-week as investors pared their gains. Tether’s USDT has hit a record $120 billion market cap, which could set the stage for a bullish October finish in the crypto market:  Historical trends suggest that a rise in stablecoin supply can precede rallies in bitcoin and ethereum. Bitcoin's hashrate has reached a new peak of 703 EH/s, a 6% gain over the past week:  This surge coincides with higher mining profitability as transaction fees rise and Bitcoin's price strengthens. Binance exec leaves prison:  Binance’s Tigran Gambaryan was released from Nigerian prison Wednesday so he can receive medical treatment for the numerous ailments he suffered while in captivity. US Spot Bitcoin ETFs Record $79 Million in Outflows, Ending Seven-Day Inflow Streak After a week-long run of positive net inflows, US spot bitcoin ETFs reported a shift back to the negative on Tuesday, with net outflows totaling $79.09 million. It was ARKB fund from Ark and 21Shares was responsible for the entirety of these outflows, losing nearly $135 million. Despite the overall outflows, some funds still recorded gains. BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, attracted just under $43 million, while Fidelity’s FBTC saw $8.85 million in inflows. The recent outflows bring the cumulative net inflows for the 12 spot bitcoin ETFs down to $21.15 billion as of Tuesday. Trading activity also slowed, with the total daily volume for these ETFs declining to $1.4 billion from $1.76 billion the day before. This reversal comes after the ETFs saw more than $2.67 billion in net inflows over the past seven trading days, a figure similar to their peak inflow levels recorded in March this year. Spot ether ETFs saw more positive activity, with net inflows of $11.94 million on Tuesday – all from BlackRock’s ETHA. Other ether ETFs recorded no change. Trading volume for ether ETFs also noticeably dropped to roughly $118 million on Tuesday, down from around $163 million the previous day. 🕸️ Topic of the Week: Web 3.0: The Next Evolution of the Internet 🫱 Read more here
GEMINI:BTCUSD
by Gemini
Phemex Analysis #31: Is SOL Ready for a Breakout?PHEMEX:SOLUSDT.P has exhibited a steady upward trajectory, climbing from $138 to $179 in October. This surge has ignited anticipation among investors, with many predicting a resurgence of the Solana bull run. To capitalize on this potential, it's crucial to identify key support and resistance levels that could significantly influence SOL's price movement. 1. Strong Resistance Zone: $181 - $193 This price range has acted as a formidable barrier in the past, rejecting price increases on May 21st and July 30th. If Solana can successfully break through this resistance zone, it could pave the way for a continuation of the uptrend, potentially driving the price towards $210. Traders might consider entering long positions at this breakout point and taking profits around $210, or holding for further gains. However, there's also a risk of rejection at this resistance level. If the price plummets sharply with a large red candle, it could signal a potential downturn, leading to a drop towards the support zones. 2. Intermediate Support Zone: $140 - $126 If Solana encounters resistance at the $181-$193 zone, traders might consider shorting the asset with a take-profit target at the intermediate support zone. For long-term holders, buying the dip at this support zone during a potential retracement could be a strategic move. 3. Strong Support Zone: $105 - $93 While this is the least likely scenario, it's essential to be prepared for a potential drop to the strong support zone. However, given Solana's growing fundamental strength, with more projects onboarding the Solana blockchain and the anticipation of a Solana ETF, a significant price decline seems less probable. Conclusion Solana's price action is influenced by key support and resistance levels. By carefully analyzing these zones, traders can make informed decisions about when to enter and exit positions. While the bullish sentiment surrounding Solana is strong, it's crucial to maintain a balanced perspective and be prepared for potential market volatility. Tips: Elevate Your Trading Game with Phemex. Experience unparalleled flexibility with features like multiple watchlists, basket orders, and real-time adjustments to strategy orders. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
Support Zone: 168.46-171.63 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost". Have a nice day today. ------------------------------------- (SOLUSDT.P 1M chart) The important zones are three zones. - 171.63 - 137.04-147.56 - 101.78 Therefore, you can trade depending on whether there is support near 171.63. - (1W chart) The location of the BW (100) indicator is 202.68. Therefore, the point to watch is whether it can rise from around 171.63 and rise above 202.68. If not, since the HA-High indicator on the 1W chart is formed at the 168.46 point, we need to check for support around 168.46-171.63. If it falls below 168.46, we need to check for support around 137.04-147.56. - (1D chart) The HA-High indicator on the 1D chart is formed at the 179.77 point. Therefore, the key is whether it can support around 179.77. Currently, the StochRSI and StochRSI EMA indicators are in the overbought zone and the BW indicator is at the highest point (100). Therefore, although it is showing strong upward strength, it will show a downward trend as the downward pressure increases over time. At this time, the point to watch is whether it can receive support around 168.46-171.63. If it receives support, I think it is highly likely that it will lead to an upward trend to rise above the 202.68 point as I mentioned earlier. If not, and it falls, we should check whether there is support around 158.39, where the M-Signal indicator on the 1D chart is passing. - The arrow was created because the BW indicator touched the 100 point. Since it has been maintaining the 100 point since then, the BW (100) line is not created. If the price shows a downward trend, it will show a trend of creating the BW (100) line. Therefore, it is recommended to proceed with trading according to the movement after the BW (100) line is created. Therefore, it can be seen that the possibility of the BW (100) line being created at the 179.77 point is increasing. Therefore, it is necessary to check whether it is possible to enter a short-term SHORT position. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Solana Full Analysis Everything You Need to Know Afternoon Traders So I break down Solana for you today as its shaping up our first tp is 189 that we are heading to however if we break past that 195 is a great next tp to get to. In this video I go through the levels and why behind it to make sure you understand what levels to look out for when trading. If you found this video helpful let me know with a comment, follow or boost. I appreciate it Mindbloome Trading/ Kris Trade What You See
CRYPTO:SOLUSDLong
by Mindbloome-Trading
An underrated rocket $DBRThe project has been running for a long time. One of the few projects that bring a good income. Average commission generation per day is ~$20,000. Revenue for all time at the time of writing this review $13,178,759. A small circulating supply of tokens 1,800,000,000 from 10,000,000,000 $DBR. Capitalization at the moment is $47,847,785 At full dilution mcap $265,821,021. Token unlocks are smooth. Couldn't find out what the seed round was priced at. However, the token sale was at a fixed price for all $0.025. I expect that before fixing profits large holders will want to attract traders' attention and contribute to the growth of the project. Pessimistically I expect around $0.25, Optimistically $0.4-$0.5
Long
by Somom
2
Solana Surpasses ETH in Daily Fees What’s Fueling SOL’s MomentumIn a significant milestone, Solana ( CRYPTOCAP:SOL ) has overtaken Ethereum in daily transaction fees, raking in over $4.1 million. The driving force behind this surge is the newfound popularity of AI meme coins, which have spurred a wave of network activity on Solana ( CRYPTOCAP:SOL ), positioning the blockchain for further growth. AI Meme Coin Craze Propels Solana to New Heights The meme coin frenzy, spearheaded by tokens like Goatseus Maximus (GOAT) has been the key catalyst for Solana’s recent surge. GOAT has skyrocketed by 40%, reaching an all-time high of $0.7009, with its market cap soaring past $700 million in just two weeks. GOAT, which gained popularity through promotions by AI bot ‘Truth Terminals,’ highlights how AI and meme coins have captivated the crypto community. This trend is not isolated, as more AI-driven tokens like MEW, POPCAT, PYTH, and RAY are also showing strong performance. These five tokens have gained traction on Solana, with double-digit percentage increases in just a short time. This surge in popularity has made Solana the go-to platform for launching these new-age meme coins, significantly boosting its network revenue. Solana’s Rise to the Top Solana’s success isn’t limited to AI meme coins alone. Over the past month, Solana ( CRYPTOCAP:SOL ) has consistently outperformed other top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), with SOL gaining 18% in value. At press time, SOL is trading at $174, with a market cap of $82 billion, firmly securing its place among the top five cryptocurrencies according to CoinMarketCap. Analysts are bullish on Solana’s future, with some predicting a parabolic rally that could push the SOL price toward its all-time high of $2,000. Data from Coinglass shows that open interest in Solana ( CRYPTOCAP:SOL ) has surged by 13.7%, reaching $3.4 billion, while derivatives trading volume has increased by 25% to $9.54 billion in the past 24 hours. These figures suggest that more institutional money is flowing into Solana, setting the stage for a continued price rally. Technical Outlook: A Bullish Run for SOL? From a technical perspective, Solana’s price action shows bullish momentum, with CRYPTOCAP:SOL up by 2% at the time of writing, trading above key moving averages. The daily candlestick chart displays a bullish engulfing pattern, a strong indicator that the uptrend could continue. However, the RSI stands at 70.87, signaling that CRYPTOCAP:SOL is approaching overbought territory, which warrants caution. A consolidation phase could see CRYPTOCAP:SOL pull back to the support level of $145. Nevertheless, market sentiment remains positive, with many analysts pointing out that Solana, like most altcoins, often mirrors Bitcoin’s performance. If BTC shows strength in the coming weeks, CRYPTOCAP:SOL could test the $200 resistance level, potentially paving the way for new highs. Conclusion Solana’s ability to surpass Ethereum in daily fees underscores its growing importance in the crypto ecosystem. As the blockchain continues to dominate the AI meme coin space, it is likely to attract more developers and projects to build on its platform. With robust technical indicators and a supportive fundamental outlook, Solana ( CRYPTOCAP:SOL ) is well-positioned for sustained growth, making it one of the top contenders in the Layer-1 blockchain space. Solana’s recent surge and the attention it’s receiving from traders, developers, and investors alike could mark the beginning of a new era for the blockchain. While caution is warranted due to its current overbought levels, the long-term potential remains significant. As the AI meme coin craze continues, Solana ( CRYPTOCAP:SOL ) is set to remain in the spotlight, with its price action likely to captivate the market in the weeks ahead.
COINBASE:SOLUSDLong
by DEXWireNews
Scaling HeightsUptober is finally upon us. But as Bitcoin's price picked up, the real standout price action this month has once again come from Solana. The high-performance chain is the main hub for this cycle's biggest narrative: memecoin trading. Retail traders enjoy the speed, ease-of-use and 'straightforwardness' of Solana's trading experience. The fact that popular memecoin launchpads are on Solana just furthers this virtuous cycle. Recently, Solana's total volume has superseded that of Ethereum and of its Layer 2s combined. No wonder that Solana's year-to-date price performance has blown both ETH and even BTC out of the water. This price movement also highlights another market development: the old paradigms are dead. Bitcoin's rallies were supposed to be followed by Ethereum and then by other Alts. If Ethereum underperformed, Alts were supposed to be absolutely crushed. Yet, the tides have turned entirely. Solana has continuously outperformed Ethereum in this cycle so far. Memecoins have been flying, regardless of Ethereum. Meanwhile, Bitcoin, driven by ETFs and institutional adoption, has continued to move in a 'weight class' of its own. The old paradigm is dead, long live the new one? One of the main challenges for Ethereum in this cycle has been its inability to shape a strong, coherent narrative. While Solana's thesis can be broken down to 'fast casino = gud', Ethereum's complex roadmap, countless Layer 2s and even Layer 3s, and deeply technical conversations have turned away a lot of regular users. Undoubtedly, Ethereum continues to command a lot of developer mindshare. It also comes closest to institutional adoption for smart contract use-cases thanks to its technological maturity. Impressive technical progress is being made towards user-experience improvements such as account and chain abstraction which will make Ethereum easier, faster and better for all users. But if this can already translate into positive price action this cycle remains to be seen. On the wider macro side, markets remain hopeful that a new breakthrough can finally happen to new Bitcoin all-time-highs. The upcoming US elections and continuing wars in Eastern Europe and the Middle East provide for both greed and despair among traders. A more pro-crypto administration post US elections and an end to the wars could ignite a firework. But right now events could turn either direction. For now, the markets are optimistic, yet also at the whim of a coin-flip. Happy trading everyone!
by Coinrule
Solana amid network usage: bull rally ahead? Solana (SOL) has witnessed a notable surge in user activity over the past month. The chain’s daily active address and transaction count have skyrocketed by double digits in the past 30 days.  This uptick in network demand may directly fuel SOL’s rally above the $200 price mark for the first time since April. Over the past 30 days, demand for the Solana network has surged, as evidenced by an increase in daily active addresses. According to data from Artemis, 7 million unique addresses have completed at least one transaction on Solana during this period, marking a remarkable 70% increase. This rise in active addresses has naturally led to a corresponding uptick in daily transaction volume on the network. Over the same 30-day period, Solana has processed 44 million transactions, representing a 24% increase in daily transaction count on the L1.  As more users engage with a blockchain network, the utility of its native asset (SOL in this case) increases. High usage indicates that more transactions are occurring, often requiring more of the network’s token to pay transaction fees. This boosts demand for the asset, driving up its price. If Solana continues to experience increased network activity, driving demand for SOL, its price—currently at $166.15—could break past the resistance level of $172.53.  A successful breach of this resistance would set the altcoin on course to reach $194.12. Should buying momentum continue to increase, Solana’s price could reclaim $210.18, a level it last touched in March. However, if user activity on Solana declines and demand for SOL weakens, the price may test support at $148.15. Failure to hold this level could push the coin down further to $133.76, invalidating the bullish outlook.
Long
by paul_endeo