Coin overview
BB
Ended--
Last price (USDT)
55.28K
24h total (USDT)
448.93K
Total vol (USDT)
2024-04-25 08:00:00 ~ 2024-05-13 09:30:00
Trading time (UTC+0)
2024-05-13 12:00:00
Delivery time (UTC+0)
Total supply2.10B
Resources
Introduction
BounceBit is the first native BTC restaking chain. The BounceBit network is secured by staking both Bitcoin and BounceBit tokens. Its PoS mechanism introduces a unique dual-token staking system by leveraging native BTC security with full EVM compatibility.
XRP Price at Crossroads After Emergency Filing in SEC Case – $1.30 or $3 Ahead?
Key Notes Justin W Keener claims to have “decisive evidence” in the Ripple vs SEC lawsuit. The SEC held a closed door meeting on April 3rd but no word about Ripple has been revealed. XRP could crash to $1.30, according to prominent analyst Ali Martinez. . On April 3rd, an unexpected emergency filing was submitted by Justin W. Keener, who claimed to possess “decisive evidence” that could impact the outcome of the years long Ripple Labs vs SEC lawsuit. 🚨NEW: An odd filing just now in the @SECGov vs. @Ripple docket — an emergency request to “present decisive evidence in favor of the defendants and in favor of liberty for the American people.” The letter, from a man named Justin W. Keener, doesn’t make clear what the so-called… pic.twitter.com/AQSDFIW6gi — Eleanor Terrett (@EleanorTerrett) April 3, 2025 Keener claimed in an emergency filing that his proprietary data on physical investment contracts could be significant for Ripple, the crypto sector, and even Congress. He was previously fined over $10 million for unregistered penny stock dealings by the American securities regulator. This follows leading American company Coinbase submitting a filing with the US Commodity Futures Trading Commission (CFTC) to debut futures trading for the fourth-largest digital asset . The product is expected to launch on April 21st. A Closed-Door Meeting The SEC held a closed-door meeting on April 3rd, resulting in speculations that the agency will drop the programmatic sales of XRP argument, which did not happen. No official word has been released by the regulator on the lawsuit yet, leaving the market in limbo. Amid the regulatory uncertainty, XRP turned bullish, soaring 3.92% to $2.06 in the past day. The altcoin has dropped 17% in the last 30 days, failing to reclaim the $3 price tag despite numerous attempts. XRP Price Analysis On the technical front, the daily chart below confirms that XRP has encountered resistance at the 20-day Exponential Moving Average (EMA) of $2.22. Bollinger Bands (BB) show tightening, indicating a potential breakout is approaching. If the lower band support at $1.96 holds strong, a retest of the middle band resistance ($2.27) and the upper band ($2.5) is likely. The $2 price tag needs to hold strong to confirm a next leg up. Source: TradingView However, the Relative Strength Index (RSI) at 38.71 suggests weakening momentum, leaning toward bearish sentiment. If XRP fails to reclaim the 20-day EMA, it could break below immediate support at $2.02 and $1.95, potentially accelerating a downward move. Head-and-Shoulders Pattern Renowned analyst Ali Martinez has identified a head-and-shoulders breakdown in XRP’s price structure, forecasting a potential decline toward $1.30. The head-and-shoulders pattern is a well-known reversal indicator that signals a shift in momentum. Based on the chart, the neckline has been breached around the $2.10 level, validating the pattern. $XRP is breaking out of a head-and-shoulders pattern, setting the stage for a potential move to $1.30! pic.twitter.com/L5rlE4eXIc — Ali (@ali_charts) April 4, 2025 The measured move for a head-and-shoulders pattern is calculated by taking the height from the head (around $3.20) to the neckline ($2.10) and projecting this downward, leading to a potential target of approximately $1.30. Contrasting this bearish outlook, analyst Dark Defender remains bullish, arguing that XRP’s RSI remains in a favorable position and that it is still within a bullish Elliott Wave structure. Hi all, this is the monthly frame update to the one I shared in the first week of February. We have no Change on #Bullish #XRP . RSI is Bullish. The A Wave is completed. We expect a B Wave towards $3, and might skip Wave C by proceeding to the targets at $5.85. (NFA) Short… pic.twitter.com/MhBe1DT02J — Dark Defender (@DefendDark) April 4, 2025 According to him, the ongoing correction is merely a B Wave before a strong impulse move toward $3 and even a long-term target of $5.85. His short-term targets include $2.22 and $2.55, suggesting a potential upside move if XRP can reclaim key resistance levels. next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
TRUMP Token Tanks 13% Ahead of Unlocking, Analyst Sees $8
Key Notes TRUMP lost the $10 price support and could crash to $8, claims Ali Martinez. A crash to $5 would be likely if TRUMP meme token fails to rebound from $8. On April 17th, a massive 40 million TRUMP tokens will be released into the market. The Official Trump TRUMP $9.42 24h volatility: 0.8% Market cap: $1.88 B Vol. 24h: $641.84 M meme token, launched with the backing of Donald Trump before his 47th US presidency, has faced a dramatic downturn, plummeting more than 13% in the past 24 hours. At press time, TRUMP traded at $8.94, sharply down from its daily high of $10.63. The token’s staggering 118.63% increase in trading volume, now at $891.21 million, signals that sellers have taken control of the market. Drop to $8 Price Tag Crypto analyst Ali Martinez had warned earlier that if TRUMP failed to hold the $10 mark, a swift decline to $8 was likely. If $TRUMP loses the $10 support level, it could quickly drop to $8! pic.twitter.com/DqChTMYPhe — Ali (@ali_charts) April 3, 2025 As predicted, the token is testing the critical $8 support zone, with further losses looming if it breaks below this level. The 20-day EMA, currently sitting at $10.78, presents strong resistance to any recovery attempts. If TRUMP loses the $8 support, the next downside targets could be the $7 and $5 levels, with $5 representing a psychological support level that could lead to some short-term buying pressure. TRUMP Price Analysis The TRUMP token has remained in the spotlight since its January debut, largely due to its official backing by the Trump family. The Trump family and their associated partners have raked in nearly $100 million in trading fees from TRUMP transactions, as investors speculate manipulation behind the price drop in the past day. The daily chart below shows that the Relative Strength Index (RSI) for the meme coin reads a value of 31.93 which means that the bears are in control of the cryptocurrency’s price trajectory. Source: TradingView On the other hand, TRUMP’s price action has broken below the lower Bollinger Band (BB) which stood at $9.15. If bulls fail to take over here, lower prices could be likely. April 17: A Make-or-Break Moment for TRUMP A crucial event on April 17, 2025, could heavily impact TRUMP’s price trajectory–the first major token unlock under its vesting schedule. Data from Messari suggests that 40 million TRUMP tokens, worth approximately $351 million, will be released, representing 20% of the current circulating supply. Historically, large token unlocks have exerted downward pressure on asset prices. 🚨News: The first major token unlock for $TRUMP , the memecoin launched by U.S. President Trump, is scheduled for April 17. A total of 40 million tokens—worth $413 million and representing 20% of the circulating supply—will be released. pic.twitter.com/vp5Rf9qcM8 — SolanaFloor (@SolanaFloor) April 1, 2025 Many analysts foresee a steep decline for TRUMP in the coming weeks. Trader Kaizen announced plans to short TRUMP ahead of the unlock, predicting a potential collapse to zero. Nice $TRUMP unlock soon. Will short this to zero before the unlock. $409M unlock lol. pic.twitter.com/FQKcwQrnWZ — Kaizen (@KAIZ3NS) March 31, 2025 Investors share concerns that early investors or the Trump-affiliated entities holding the unlocked tokens may opt to cash out, especially given the recent 22% price drop in the past week. next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
COMP Price Pumps 31% on Upbit News While Founder Allegedly Sells Millions
Compound (COMP) price surges 31% to ~$51 ahead of Upbit listing Apr 1 Rally occurs despite reports of founder Leshner moving 50k COMP (~$3.5M) to Binance TA shows COMP breakout above upper BB; RSI high (~60) nears overbought Compound (COMP), an early DeFi lending protocol on Ethereum, witnessed a massive 31.01% price surge over the last 24 hours. It currently trades near $50.91, according to CoinMarketCap data . This rally coincides with reports suggesting its founder, Robert Leshner, allegedly moved 50,000 COMP tokens potentially for selling. This movement occurred just ahead of the token’s highly anticipated listing on South Korea’s largest exchange, Upbit (COMP/KRW pair). Details Emerge on Founder’s Alleged Token Movement On-chain monitoring service “ai_9684xtpa” reported token movements possibly linked to Compound founder Robert Leshner. According to their tracking, 50,000 COMP tokens, initially transferred by a Leshner-associated wallet to Galaxy Digital three weeks prior (March 12) when valued around $2.03 million, were reportedly deposited to the Binance exchange Tuesday (April 1). Their current value is approximately $3.5 million, suggesting preparation for a potential sale by the recipient. https://twitter.com/ai_9684xtpa/status/1906980351379157281 Related: Changpeng Zhao (CZ) Burns Nearly $4 Million in Altcoins He Didn’t Ask For How Might Upbit Listing Impact COMP Price? Upbit’s separate announcement that it will list the COMP/KRW pair has further fueled bullish sentiment surrounding the token recently. The listing , scheduled for 16:35 local time on April 1, is expected to drive significant trading activity, particularly from South Korea’s active DeFi user base, potentially boosting demand. Technically, COMP’s price has broken out decisively above its upper Bollinger Band resistance level, previously situated near $47.62. The next significant overhead resistance level for COMP appears near the $60 mark, aligning with price action highs seen in late December 2024. Key support levels to watch on any potential pullbacks include the middle Bollinger Band (currently around $42.68) and the lower band support (near $37.74). Some analysts cite $75 as a possible longer-term breakout target if bullish momentum fully sustains itself following the listing. Related: “Liberation Day” Nears: What Trump’s Tariffs Mean for Your Crypto Bag The listing on Upbit could provide further upside potential if South Korean traders drive high demand. However, if founder-linked sell-offs intensify, COMP might face downward pressure. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Ethereum April 2025 Forecast: Analyzing the Bull vs Bear Case After Dip
ETH price falls below $1900 (~$1843), testing lower Bollinger Band support (~$1778) RSI nears oversold (~37) but MACD shows weak momentum, lacking reversal signs Analyst Crypto Caesar eyes $1600-$1700 as crucial support zone for potential rebound Ethereum (ETH) has experienced a 18% price decline the past month. However, in the last 24 hours, ETH showed a modest 1.8% recovery attempt, climbing toward its current price near $1,843, possibly a bullish outlook for ETH price in April. While Ethereum co-founder Vitalik Buterin continues his philanthropic donations—reportedly sending over $1 million worth of ETH recently to projects including Railgun and Zuitzerland—overall market sentiment for ETH currently remains cautious based on technical indicators. Buterin Plays VC Blockchain analysis platform Spot On Chain provided details on recent Buterin transfers. He’d sent 274.1 ETH (worth ~$500K) described as a “donation or grant.” The funds went to a multisig wallet associated with Web3 researcher @0xisla, the developer behind the Zuitzerland project, described as a “network state sandbox.” Vitalik Buterin ( @VitalikButerin ) just sent 274.1 $ETH ($500K) as a donation or grant to a multisig deployed by @0xisla , the developer behind @zuitzerland . 5 days ago, he also sent 250 $ETH ($456K) to the privacy protocol #Railgun , most likely for donation purposes, as he had… pic.twitter.com/I73oUp8xXW — Spot On Chain (@spotonchain) April 1, 2025 A couple of days prior, Buterin also reportedly sent 250 ETH (worth ~$456K) to the cryptocurrency mixing service Railgun. This transfer occurred despite ongoing global regulatory focus and crackdowns targeting such privacy-enhancing platforms. Related: Bitcoin and Ethereum ETFs Display Contrasting Trends in Capital Flows What Do Ethereum’s Technicals Show? Current technical indicators provide context for ETH’s recent price action. The Bollinger Bands (BB) indicate ETH currently trades near its lower band support level, calculated around $1,778. Trading near the lower BB often suggests an asset is in, or approaching, technically oversold conditions. Historically, when an asset reaches its lower Bollinger Band support, a price rebound frequently follows, unless that crucial support level breaks decisively under sustained selling pressure. Looking upward, the midline of the Bollinger Bands, near $1,940, now acts as the immediate overhead resistance level for ETH. The upper BB band near $2,102 represents the next significant bullish price target area. Additionally, the Relative Strength Index (RSI) on the 4-hour timeframe reads near 36.96. This level approaches the traditional oversold threshold (typically below 30). While a low RSI can signal that selling pressure might be nearing exhaustion, potentially allowing for a price bounce if buying interest increases, it does not yet confirm a definite reversal. The RSI’s recent trend remains downward, indicating underlying weak price momentum persists for now. The Moving Average Convergence Divergence (MACD) indicator also signals weak momentum currently. Although the MACD line itself recently moved above its signal line (often a preliminary bullish hint), both lines remain in negative territory. Related: Vitalik Buterin Warns of DAO Vulnerabilities, Questions ‘Renting’ Votes Therefore, the market currently lacks strong technical confirmation of a trend reversal without either a more decisive bullish MACD crossover into positive territory or a sustained RSI recovery back above levels like 30 and ideally 40. Analyst: Is the ETH Bottom In? Crypto analyst “Crypto Caesar” noted that ETH is currently testing crucial longer-term price levels . He believes the second-largest cryptocurrency needs to hold these zones to establish a bottom before potentially starting its next major leg upward. A chart shared by this analyst shows key potential support lying between $1,600 and $1,700 based on historical price structures. While Crypto Caesar believes a rebound could initiate from this broader zone, he also outlined alternative scenarios. A sustained bearish case, he suggested, could involve ETH retesting the $1,187 price support (identified as a 2.168 Fibonacci level) sometime in April. Conversely, a definitive bullish scenario would require ETH to eventually reclaim the significant $3,000 price level. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Top Trader Issues Solana Warning: Break Below $117 Could Trigger ‘Slow Bleed’
Solana (SOL) tests critical support near $117 (horizontal + 1.618 Fib level) Analyst Mags outlines bull case (bounce from $117) vs bear case (bleed below $117) SOL/BTC pair also tests key Fib support after trendline rejection Solana (SOL) faces scrutiny after failing to hold above its 20-day Exponential Moving Average (EMA) near $133. This level now acts as key overhead resistance for the altcoin. The SOL token currently sits near a crucial technical point. Crypto analyst “Mags” highlights two distinct possibilities ahead: a strong bounce towards new highs, or a slow price bleed toward lower support levels. What are Mags’ Two Scenarios for SOL? Mags noted on X (formerly Twitter) that SOL hit a new ATH earlier this cycle at $295, but proved unable to sustain momentum above it. He also pointed to a significant bearish divergence appearing on the weekly Relative Strength Index (RSI) around that time, suggesting weakening underlying strength prior to the recent pullback. As per Mags ’ analysis, SOL now tests a key horizontal support level. This level, near $117, has reportedly held strong over the past year and aligns with the 1.618 Fibonacci retracement mark derived from a previous price swing. The daily RSI currently reads near 40. Mags observed this RSI level previously acted as a strong support zone for SOL’s price during prior corrections. He suggests if history repeats, a price reversal could occur from this confluence of horizontal support and RSI readings near 40, allowing SOL to potentially reclaim upward momentum. However, a decisive breakdown below the $117 area could signal prolonged downside pressure instead. Mags emphasized these two primary scenarios based on current levels: Bullish Case (Blue Scenario): If SOL manages to hold the ~$117 support level effectively, a strong bounce could follow. This could potentially lead to a breakout and a continuation towards new highs, supported by the RSI having room to climb. Bearish Case (Red Scenario): If any bounce from current levels is weak and fails to sustain itself, SOL may enter a “slow bleed” pattern. This implies breaking below both horizontal support and the 1.618 Fibonacci level near $117, which would indicate bearish continuation targeting lower price levels. Related: Solana (SOL) Sentiment Goes Parabolic: 18x More Positive Comments Than Negative SOL/BTC Pair Also at Key Technical Juncture The SOL/BTC trading pair reflects a similar situation, also sitting at a crucial technical juncture according to Mags. Another chart shared by the analyst shows SOL was recently rejected from a long-term falling trendline resistance against Bitcoin, forming lower highs. #SOLBTC : SOL/BTC is also testing the 0.618 support level after facing rejection from the falling trendline, adding further confluence to the above scenarios. pic.twitter.com/DBHFyeYIjY — Mags (@thescalpingpro) March 31, 2025 Related: Solana’s “Breakout” Moment? Hackathon BlackRock Signal Growing Ecosystem The SOL/BTC pair currently tests support near the critical 0.618 Fibonacci level. This adds technical confluence, highlighting the importance of the current support zone for SOL’s performance relative to both the US dollar and Bitcoin. That long-term SOL/BTC trendline resistance has remained unbroken for months, indicating persistent overhead selling pressure on SOL compared to Bitcoin during that period. If SOL/BTC can decisively reclaim this trendline, it could signal a bullish resurgence for Solana versus Bitcoin. Conversely, failure to hold the current 0.618 Fib support here could lead to further relative downside, potentially confirming the bearish divergence implications seen on the USDT pair chart. Looking at the daily SOL/USDT chart, Bollinger Bands (BB) offer additional context. The price currently trades below the middle BB band (around $130.76). It now approaches a test of the lower BB band support, located near $118.92. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Solana (SOL) on the Verge of 16% Price Crash Amid Social Media Optimism
Key Notes According to crypto market analyst Ali Martinez, the $125 level is a key support for the SOL token. Losing $125 puts the SOL token on a bearish path towards $105 and sub-$100 levels. If SOL reclaims the 20-day EMA and pushes above $160, the altcoin could hit $200 again . Like its peer XRP, Solana (SOL), the sixth-largest digital asset, is facing a “make it or break it” moment as technical indicators suggest a potential price crash of 16%, even as social media optimism around the asset reaches historic highs. Analyst Ali Martinez has identified $125 as the most important support level for SOL, with a potential breakdown opening the door for further declines and a retest of $105 support in the near future. $125 Support Level The chart shared by Ali Martinez outlined an ascending wedge pattern that could result in a bearish breakdown, signaling bearish implications. $125 is the most important support level for #Solana $SOL ! pic.twitter.com/mY4MUxMcyL — Ali (@ali_charts) March 28, 2025 SOL recently breached the lower trendline of this formation and is now retesting the breakdown level. If SOL fails to reclaim the $145 region convincingly, it could confirm the bearish scenario and trigger a deeper sell-off. Another major resistance is the 20-day Exponential Moving Average (EMA) at $136. The altcoin needs to confirm this as support before the next leg up. The immediate support stands at $125, which is a key level for bulls to defend. However, failure to hold above this level could see SOL plummet toward $105 and even $58 in a worst-case scenario, as suggested by Martinez’s extended downside target. Conversely, if SOL manages to reclaim $145 and push above $160, it could invalidate the bearish breakdown and pave the way for a recovery towards $200 and beyond. According to CoinMarketCap data , SOL is down 5.47% in the past 24 hours, trading at $130.75 at press time, with a daily low of $130.46. The Relative Strength Index (RSI) is hovering around 44.60, indicating that SOL is still in neutral territory but leaning toward bearish momentum. Moreover, Bollinger Bands (BB) show that the price is testing the middle band ($130) as support which could mean further downside pressure to the lower Band ($118) unless a reversal occurs soon. Social Sentiment vs. Market Reality Despite the negative technical signals, Solana’s social sentiment is at an all-time high. According to Santiment , institutional interest, influencer engagement, and technological advancements have fueled a wave of optimism across social media platforms. With major entities like GameStop integrating Bitcoin and BlackRock launching tokenized treasury funds on Solana, SOL has garnered an overwhelming 18:1 ratio of positive versus negative commentary online. Historically, extreme social optimism has often preceded market corrections, as excessive bullishness can lead to overleveraged positions and profit-taking by early investors. Just a month ago, Solana’s sentiment was at its lowest point in a year, following the collapse of the meme coin frenzy. next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
South Korea’s Upbit Issues Warning Against HIFI: Token Tanks 10%
Key Notes Upbit issued an investment warning against HIFI, halting all deposits. HIFI’s value plunged 11% in the past 24 hours following the warning. The token was placed on DAXA's watchlist over transparency and sustainability concerns . South Korea’s leading crypto exchange, Upbit, has issued an investment warning against the HIFI token , suspending all deposits for the token. The move triggered an 11% drop in HIFI’s value over the past 24 hours, with its market capitalization shrinking to $41.95 million. South Korea's largest cryptocurrency exchange, Upbit, has issued an investment warning for the HIFI token. Currently, HIFI has been placed on the transaction watchlist by the Digital Asset eXchange Association (DAXA) and will suspend deposit services. https://t.co/o43UU0DWBk — Wu Blockchain (@WuBlockchain) March 28, 2025 The warning follows the addition of HIFI to the Digital Asset eXchange Association (DAXA) watchlist. It cited lack of transparency in business changes, unclear token distribution plans, and concerns over the project’s sustainability. Notably, DAXA, comprising South Korea’s five major crypto exchanges, Upbit, Bithumb, Coinone, Korbit, and Gopax, acts as a self-regulatory body that oversees potential risks in the market. Related article: South Korea to Sanction Multiple Crypto Exchanges for Operating Illegally The watchlist period, from March 28 to April 11, puts HIFI under strict scrutiny, with a possible delisting looming if no improvements are made. Governance Vote Fuels Market Concerns The caution notice appears to stem from HIFI’s recent governance vote, which took place between March 10 and March 17. During this period, token holders approved the issuance of an additional 25 million HIFI tokens, expanding the total supply from 146.25 million to 171.25 million. The new tokens will be gradually released over 21 months, starting in March 2025. The issuance aims to support HIFI’s upgrade to version 3 (v3) and extend its contract with the protocol’s developer. However, it has also raised fears of market dilution. At the time of writing, HIFI is trading at around $0.2958, marking a 25% decline over the past month. The token has plunged 75% over the last year. HIFI Price Outlook On the daily HIFI/USDT chart, the Bollinger Bands (BB) show the price dropping below the lower band, indicating oversold conditions. The downtrend appears strong with the price trading below the 20-day moving average ($0.3313). Meanwhile, the RSI sits at 32.38, approaching the oversold threshold. This suggests that while the token may experience a short-term bounce, the broader trend remains weak. Key resistance lies around $0.33 and bullish reversal would require a break above $0.35 to regain momentum. On the other hand, support lies at $0.29, which aligns with the recent low. A breakdown below this level could push HIFI further toward $0.25. next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Solana (SOL) Sentiment Goes Parabolic: 18x More Positive Comments Than Negative
Solana social sentiment hits rare 18:1 positive ratio, reports Santiment Surge linked to BlackRock’s fund using Solana GameStop/meme coin hype SOL price consolidates near $138, testing key 20-day EMA support level Solana (SOL) sees a significant surge in positive social media sentiment, reportedly driven by growing institutional adoption and a vibrant ecosystem hype cycle. With factors like BlackRock’s tokenized BUIDL fund utilizing the network and GameStop-related discussions boosting engagement, Solana’s position as a leading blockchain grows stronger. It currently ranks as the second-largest blockchain by Total Value Locked (TVL), holding approximately $6.8 billion. Santiment: SOL Social Sentiment Reaches Rare 18:1 Positive Ratio On-chain analytics platform Santiment reports Solana currently sees an unusually high 18-to-1 ratio of positive versus negative comments across major social media platforms. This strong enthusiasm, Santiment suggests, arises from tangible developments like BlackRock’s fund integration and high community engagement, partly linked to ongoing GameStop meme stock discussions that often spill into crypto circles. https://twitter.com/santimentfeed/status/1905045212055077134 Related: Solana’s “Breakout” Moment? Hackathon BlackRock Signal Growing Ecosystem Santiment data shows sentiment around SOL has spiked sharply, with social platforms reflecting widespread optimism about its role as institutions increasingly adopt blockchain solutions. Historically, Santiment notes, such sharp sentiment peaks often correlate with bullish price action for an asset. SOL Price Analysis: Consolidation Near Key Levels At press time (March 27, 2025), SOL trades around $137.96, sitting just above its 20-day Exponential Moving Average (EMA) near $136.57. However, following a 4.45% dip in the past 24 hours, SOL is actively testing this EMA level as immediate support. The price is also consolidating near the middle Bollinger Band (BB) around $130.94, with near-term resistance marked by the upper band close to $143.71. A decisive breakout above the $143.71 upper BB could potentially trigger a rally toward the $160 level, with further chart resistance possible near $180. Significant underlying support is seen near the $118.16 mark. The Relative Strength Index (RSI) currently hovers near 48.62, indicating neutral momentum; a cross above the 50 level might suggest renewed bullish strength favored by buyers. Related: Arthur Hayes’ Hot Take: Ethereum to $5,000 Before Solana Even Nears $300 If the extremely positive sentiment translates into sustained buying pressure, SOL could attempt to reclaim the $150 psychological level soon. Conversely, a drop below the $130-$131 mid-BB area could weaken the immediate bullish case, potentially leading to a retest of the $118 support. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Linear Finance Announces Suspension of Operations: LINA Dumps 25%
Key Notes Linear Finance is closing its operations owing to financial troubles. The LINA token was recently delisted by Binance. Linear Finance said that its financial model became unsustainable over time. Linear Finance, a decentralized protocol that enables the instant creation of synthetic assets, has officially announced its decision to cease operations. This unexpected development has shocked the DeFi community, triggering a sharp sell-off in its native token, LINA, which has plummeted by 25% in the past 24 hours. Notice of Closure After careful consideration, Linear Finance has made the difficult decision to cease operations. Despite our ongoing efforts to innovate and build throughout the years, the project has struggled to generate sustainable returns. Outside of a brief period of… — Linear Finance (@LinearFinance) March 27, 2025 Meanwhile, according to the data from DefiLlama , the total value locked (TVL) of the protocol has crashed to a mere $79,521, significantly down from its peak levels above $32 million. The Collapse of Linear Finance In an official statement, Linear Finance confirmed that it had struggled to generate sustainable returns over the years, despite an initial period of profitability following its launch in 2019-2020. The project’s financial model, which relied on personal contributions from the project owner and token liquidations, became unsustainable over time. The final blow came from Binance’s recent decision to delist the LINA token, which wiped out 65% of its market capitalization. This delisting drastically reduced the project’s operational runway, leaving Linear Finance with no choice but to shut down. Market Reaction and LINA’s Price Plunge Following the announcement, LINA’s price has taken a steep dive, currently trading at $0.0005036, marking a 25% decline in the last 24 hours, as per CoinMarketCap data . The token’s market cap now stands at $5.03 million, while its 24-hour trading volume rose by 34.76% to $54 million, indicating panic-driven sell-offs. Technical indicators signal further bearish momentum for LINA. The Relative Strength Index (RSI) is at 22.45, deep in the oversold territory, suggesting extreme selling pressure with little immediate signs of recovery. The Bollinger Bands (BB) show that the price is close to the lower band ($0.00035), indicating strong downward momentum and a lack of buying interest at current levels. A failure to hold above this lower BB could result in another massive dump for the LINA token. next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Bitcoin Exchanges Supply Hits 7-Year Low, Whales Eyeing BTC Takeoff?
Key Notes Bitcoin supply on exchanges has hit a seven-year low, confirmed Santiment. Wallets with more than 10K BTC are on an accumulation spree, said Glassnode. Bitcoin is forming a bullish flag with a $90,000 price target, according to analysts . Bitcoin’s supply on exchanges has reached its lowest level in over seven years, signaling a shift in market sentiment that could have bullish implications. As institutional players and long-term holders move their BTC into self-custody, the available supply for selling continues to shrink, potentially setting the stage for a price increase in the coming days. Bitcoin Exchange Supply Drops to 7.53% According to Santiment, Bitcoin’s ratio of supply on exchanges has fallen to 7.53%, the lowest since February 2018. 💸 Bitcoin's ratio of supply on exchanges has officially dropped to as low as 7.53%, the lowest since February 20, 2018. The 7-year milestone reflects a continued trend of investors of crypto's top asset feeling comfortable 'hodling' for the long-term, regardless of short-term… pic.twitter.com/m7d6Yon5HR — Santiment (@santimentfeed) March 26, 2025 This milestone highlights a strong trend of accumulation and long-term holding, as investors opt to store BTC in cold wallets instead of keeping them on exchanges where they can be easily liquidated. Historically, declining exchange supply has coincided with bullish market conditions. With fewer BTC available for spot selling, the likelihood of sudden sell-offs decreases, reducing market volatility. Whales Leading the Accumulation Trend On-chain data from Glassnode confirms that Bitcoin whales–wallets holding over 10,000 BTC–are steadily accumulating. Whales holding >10K $BTC have pushed their Accumulation Trend Score above 0.5 – a clear sign of steady buying. On the cohort-level chart, they’re the only group showing decisive accumulation, while smaller holders are still net sellers. pic.twitter.com/szZDKTtMh9 — glassnode (@glassnode) March 26, 2025 The Accumulation Trend Score is now above 0.5, indicating that large holders are buying while smaller investors remain net sellers. #Bitcoin Accumulation Trend Score is now at 0.23 – the highest since Jan 4. That means, on average, larger entities are gradually shifting from distribution to accumulation. pic.twitter.com/hQDWs5ZfVT — glassnode (@glassnode) March 26, 2025 Since March 11, whales have added approximately 129,000 BTC to their holdings, marking the largest accumulation rate since August 2024. While current levels remain below December’s peak, the trend indicates further room for growth if accumulation continues at this pace. BTC Price Analysis As per CoinMarketCap data , Bitcoin is trading at $86,594.09 at press time, down 0.6% in the past 24 hours. The market leader is retesting support at the 20-day Exponential Moving Average (EMA) of $85,890, a key level that could dictate short-term momentum.Meanwhile, the Relative Strength Index (RSI) is at 50.04, suggesting that BTC is in neutral territory, neither overbought nor oversold. The gradient of the line suggests consolidation. Bitcoin is trading near the middle Bollinger Band (BB) at $84,215.26, with resistance at the upper band ($88,869.84) and support at the lower band ($79,560.68). A breakout above the upper band could push BTC toward the psychological resistance at $90,000.It is important to note that crypto analyst “Merlijn The Trader” noted that Bitcoin is forming a bullish flag with a massive target of $90,000, a significant 4% increase from current levels. BITCOIN BULL FLAG FORMING! The setup is clean, the breakout is near. pic.twitter.com/AbUPqNjm2n — Merlijn The Trader (@MerlijnTrader) March 27, 2025 next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
“You Have No Idea”: Analyst’s XRP Chart Hints at a Truly Massive Price Surge
Despite a slight recent dip, XRP has gained over 7% in the past week, indicating underlying market strength. Crypto analyst has identified a significant multi-year bull flag pattern, suggesting potential for a substantial price rally. Data indicates consistent accumulation of XRP by larger investors, supporting a positive future price outlook. XRP is currently trading at $2.43, down 1.08% in the last 24 hours. However, the cryptocurrency has shown significant strength over the past week, surging by more than 7%. Briefly holding the third position in the cryptocurrency market, XRP is now ranked fourth with a market capitalization of $141.7 billion, according to CoinMarketCap data. Is Investor Interest in XRP on the Rise? The latest Weekly Crypto Asset Flow report from CoinShares reveals that XRP saw net inflows of $6.7 million for the week ending March 21st. This positive flow into XRP investment products contrasts with the overall crypto market, which experienced net outflows of $548.8 million during the same period, suggesting increasing interest in XRP, potentially driven by ETF speculation. What Does a Bull Flag Pattern Suggest for XRP’s Price? Crypto analyst “Steph is Crypto” shared a chart highlighting a potentially very bullish future for XRP. The analysis points to a breakout from a multi-year bull flag pattern—a well-regarded technical indicator that often precedes significant price increases. In a tweet accompanying the chart, the analyst strongly implied a very high price target, stating: “I don’t even want to give you this #XRP price target You’re definitely not bullish enough..” In technical analysis, a bull flag pattern develops after a sharp initial price increase (the flagpole), followed by a period of consolidation where the price trades within a downward-sloping or sideways channel (the flag). A breakout above the upper trendline of the flag is typically interpreted as a signal that the prior uptrend will resume. Based on the height of the initial flagpole, the analyst projected a price target of $1,452.81 for XRP, a figure so high it prompted the reaction, ‘You’re definitely not bullish enough… Related: Bitcoin-Like Tech of Cardano vs. Ripple’s SEC Battle: 2025 Winner What Does Short-Term Price Action Suggest for XRP? Analysis of the Bollinger Bands (BB) on XRP’s daily chart shows the price consolidating between $2.07 and $2.60. The current price near the mid-band suggests neutral momentum in the immediate term. A decisive move above $2.60 could signal a continuation of the broader uptrend, while a drop below $2.07 might indicate short-term bearish pressure. Related: XRP Price Alert March 26th: Can Bulls Push Past $2.60 After Support Test? The Accumulation/Distribution (A/D) line for XRP currently stands at 73.89 billion, showing a consistent trend of accumulation. This metric indicates that larger investors and institutions are continuously buying XRP rather than selling, further supporting the possibility of a significant future price increase. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
TRUMP Meme Coin Skyrockets after Donald Trump’s Endorsement – Is the Rally Just Beginning?
Key Notes Donald Trump called TRUMP “the Greatest of them all”, via Truth Social. If $TRUMP successfully breaks and sustains above $12.50, the next target would be $17. The cryptocurrency has broken out of a falling wedge pattern on the 12-hour chart. The Official Trump TRUMP $11.49 24h volatility: 3.5% Market cap: $2.30 B Vol. 24h: $606.03 M meme coin has once again captured attention in the crypto market following a promotional push by the US President Donald Trump. His recent post on Truth Social , where he termed $TRUMP as “the Greatest of them all”, triggered a 7% price increase and reignited investor enthusiasm, shows the data from CoinMarketCap. Despite this increase in price, $TRUMP remains below the key resistance level at the 20-day Exponential Moving Average (EMA), as investors wonder if the meme token will be able to sustain the sudden rally after Trump’s support. $TRUMP Targets $TRUMP was launched on January 18 and quickly increased to a market capitalization above $30 billion, securing a spot in the top 50 cryptocurrencies. However, its trajectory has been overwhelmingly bearish, plummeting 86% from its all-time high and hitting a new low of $9.52 on March 11. After bouncing from this low, $TRUMP attempted to reclaim the $12.50 support level but failed, confirming it as resistance on March 23 with a long upper wick–usually a bearish signal. The current price sits around $12, trading near a long-term descending trendline. On the 12-hour chart, TRUMP/USDT has broken out of a falling wedge pattern, a formation that often signals a trend reversal. Source: TradingView Based on the measured move of the wedge, the breakout target is around $17, representing a potential 40% gain if momentum continues. However, this will depend on whether the price can sustain itself above $12.50 and the 20-day EMA at $11.67, which is acting as a strong resistance level. TRUMP Indicators The Relative Strength Index (RSI) on the 4-hour chart is at 57.95, suggesting neutral to bullish momentum. If the RSI climbs above 60, it could signal increased buying pressure but the gradient of the line suggests decreasing buying pressure. Source: TradingView The Bollinger Bands (BB) show that price is currently near the upper band, indicating overbought conditions. A rejection from this level may lead to a retest of $11.00 before another breakout attempt. Until $TRUMP reclaims the 20-day EMA and turns it into a support level, the signs of a new all-time high as a new quarter begins are low. next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Strategy (Formerly MicroStrategy) Buys Another 6,911 BTC: Bitcoin to Breach $90K?
Key Notes Bitcoin soared past $87,000 after Strategy bought 6,911 BTC for $584.1 million. The firm now holds a total of 506,137 BTC, acquired for approximately $33.7 billion. After weeks of underperformance, MSTR stock also reclaimed the $300 level. Market leading digital asset Bitcoin BTC $88 310 24h volatility: 0.1% Market cap: $1.75 T Vol. 24h: $31.07 B soared past the $87,000 mark, continuing its strong bullish momentum . One of the most notable developments in Bitcoin’s recent rally is the aggressive accumulation by Strategy (formerly MicroStrategy). The software company recently announced the acquisition of 6,911 BTC for $584.1 million at an average price of $84,529 per BTC. This purchase brings its total Bitcoin holdings to 506,137 BTC, acquired for approximately $33.7 billion at an average price of $66,608 per BTC. As a result, the firm now holds over 2% of Bitcoin’s total supply. The milestone has had a positive impact on the company’s stock (MSTR), which has rebounded alongside Bitcoin’s price. Nasdaq data shows that MSTR stock rose over 4% in pre-market trading, now priced around $318. The stock has also reclaimed the $300 level, marking a nearly 5% year-to-date (YTD) increase. It is important to note that Strategy is planning to raise up to $21 billion to further accelerate its Bitcoin treasury strategy. Network Activity and Rising Transaction Fees Ali Martinez, a popular crypto analyst, pointed out that Bitcoin transaction fees have nearly tripled over the past week. This increase in fees indicates heightened network activity, usually driven by increased on-chain transactions and demand for block space. #Bitcoin $BTC transaction fees have nearly tripled over the past week, signaling a spike in network activity! pic.twitter.com/pFWS8oiO4r — Ali (@ali_charts) March 24, 2025 Historically, rising transaction fees often coincide with strong price movements, as more users engage with the network. Moreover, a parody account of Michael Saylor humorously noted that Bitcoin whales have been accumulating at an aggressive pace. Whales are buying #Bitcoin like they’ve seen the future… and it’s bullish. pic.twitter.com/Eqf6L3yNzf — Michael Saylor ⚡ Founder of MicroStrategy (Parody) (@Saylorsatsire) March 24, 2025 The latest liquidity inventory chart from CryptoQuant supports this observation, showing a sharp increase in accumulator addresses’ demand. Source: CryptoQuant When large investors (whales) absorb liquidity, supply on exchanges diminishes, reducing selling pressure and potentially pushing prices higher. The accumulation suggests that BTC’s upward momentum could continue in the near term. Bitcoin Price Analysis Despite the overall bullish outlook, Martinez also warned that Bitcoin may be approaching a short-term top. The TD Sequential indicator, a tool used to time market trends, suggests that Bitcoin could face profit-taking pressure soon. If traders follow this signal, Bitcoin may see a temporary pullback before resuming its upward trajectory. After timing the recent bottom, the TD Sequential indicator now suggests #Bitcoin $BTC may be approaching a short-term top, hinting at potential profit-taking ahead. pic.twitter.com/3NZOsKfXr1 — Ali (@ali_charts) March 24, 2025 As of now, Bitcoin trades at $87,704.05 , up 3.11% in the past 24 hours. Trading volume has increased by 129.64%, indicating strong market interest, shows CoinMarketCap data. To assess Bitcoin’s future price trajectory, key technical indicators such as the Relative Strength Index (RSI) and Bollinger Bands (BB) provide further insights. The Relative Strength Index (RSI) reads a value above 52, which means that the bulls are attempting to take over. The gradient of the line suggests a surge in demand. Source: TradingView The Bollinger Bands indicate that Bitcoin’s price is nearing the upper Bollinger Band, a resistance level at $90,343. A break above the upper Band could indicate continued bullish momentum. However, a rejection could lead to a pullback towards the middle Band at $84,565 and the lower Band at $78,788. next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Solana Traders Bullish as SOL Investment Products Record $6.4M in Inflows
Key Notes A whopping 78.82% of traders have turned bullish on SOL, holding long positions. The SOL options volume shot up 1,117% in the past 24 hours. Solana investment products recorded $6.4 million in inflows in the past week. Solana SOL $140.0 24h volatility: 6.3% Market cap: $71.54 B Vol. 24h: $4.95 B has captured the attention of traders and institutional investors alike, signaling a bullish trend after an 8% price increase in the past 24 hours. At press time, SOL trades at $143.3, substantially down from the 20-day EMA. On Binance Futures, a staggering 78.82% of traders currently hold long positions on SOL, as highlighted by crypto analyst Ali Martinez. CoinGlass data shows a massive 106% increase in SOL derivatives volume and an 1,117% surge in options. Rising derivatives activity is also a sign of increasing bullish sentiment on the SOL token, currently ranked as the sixth-largest digital asset. Institutional Interest Increases: $6.4M in Inflows According to CoinShares , Solana investment products recorded $6.4 million in inflows, while Ethereum ETH $2 071 24h volatility: 3.9% Market cap: $249.88 B Vol. 24h: $15.35 B faced $86 million in outflows. This significant shift indicates that institutional investors are reallocating capital towards Solana, possibly viewing it as a stronger alternative to Ethereum. Additional support for SOL came from inflows into Polygon and Chainlink, reinforcing a broader altcoin interest. Spot Solana ETF Approval The excitement around Solana is further fueled by Polymarket predictions , which place an 87% probability on the approval of a spot Solana ETF in 2025. Source: Polymarket United States President Donald Trump recently mentioned SOL among a select group of cryptocurrencies that could be included in the US crypto reserve. With a pro-crypto SEC operating with full focus, the likelihood of a Solana ETF gaining approval is improving. If realized, this could bring significant institutional money into the ecosystem, mirroring the success of Bitcoin ETFs. SOL Price Analysis According to the daily chart below, the Relative Strength Index (RSI) sits at 52.14, indicating that SOL is neither overbought nor oversold, leaving room for further upward movement. The gradient of the line indicates an increase in buying pressure as investors turn bullish. Source: TradingView Meanwhile, Bollinger Bands (BB) suggest that SOL is testing its upper band at $146.28, a crucial resistance level. A breakout above this could push SOL toward the $175–$200 range in the coming weeks. It is important to note that Trump even launched his very own meme token called the Official Trump TRUMP $11.77 24h volatility: 2.5% Market cap: $2.35 B Vol. 24h: $889.40 M token which currently trades at $11.89 with a market cap of $2.37 billion. The budding meme coin and stablecoin ecosystems on Solana could hold the key for further increase. next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
BounceBit (BB) Gains Momentum Following Key Breakout – Is Wormhole (W) Gearing Up For A Similar Move?
Date: Sun, March 23, 2025 | 03:45 AM GMT The crypto market is showing minor signs of a rebound as Ethereum (ETH) bounces back with a 4% weekly gain, while a 0.71% decline in BTC dominance has given altcoins some breathing room after months of selling pressure. As sentiment gradually improves, altcoins like BounceBit (BB) and Wormhole (W) are starting to stir as well after facing a heavy correction over the past 90 days. Today, BB has gained strong momentum, surging by an impressive 15% and breaking out of a key technical pattern. Meanwhile, W’s 46% solid rise brings it to similar breakout price action to BB, positioning itself for a possible trend reversal. Source: Coinmarketcap BounceBit (BB) Breaks Out of Falling Wedge BB has successfully broken out of a falling wedge pattern, a formation typically seen as bullish. The token surpassed the upper trendline of the wedge around the $0.1188 range last week, signaling a shift in sentiment. BounceBit (BB) Daily Chart/Coinsprobe (Source: Tradingview) Following this breakout, BB is currently trading around $0.1565, testing key resistance at the 50-day moving average and the $0.1895 price zone. If BB maintains its bullish momentum, the next critical resistance lies around its 100-day MA and the $0.2907 price zone, which would represent an 84% increase from the current price. However, if the price faces rejection, a retest of the breakout level could provide a buying opportunity before further upside continuation. Wormhole (W) Prepares for a Potential Breakout W has been mirroring BB’s price movement, also trading inside a falling wedge pattern since its $0.4155 high on Dec 06. The token recently rebounded from the lower trendline support at $0.076 and is currently trading at $0.1239. Wormhole (W) Chart Daily Chart/Coinsprobe (Source: Tradingview) Now, W is approaching the upper resistance of the wedge, and a breakout with a retest could drive the price towards the next resistance at the 50-day moving average and the $0.1455 price zone. A decisive move beyond this zone could fuel a rally towards the upside resistance of $0.1898 and its 100-day MA, marking a potential 78% increase from current levels. Final Thoughts BB’s breakout has set the stage for a bullish continuation, while W is now at a critical decision point. If W follows a similar trajectory, traders could witness significant gains in the coming days. As always, market participants should closely monitor price action, volume confirmation, and key resistance levels before making investment decisions. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before investing in cryptocurrencies.
ADA Trading Volume Explodes, Whales Pile In: ADA Price Surge to $2 Around the Corner?
Large holders added 50 million ADA in 48 hours, following 190 million. Cardano’s Lace wallet is now multi-chain, supporting Bitcoin for the first time. Analyst suggests ADA could reach $2 if it closes above $1.15 daily. Cardano (ADA) is seeing a massive surge in trading volume and significant whale accumulation, even as its price remained relatively stable. Data shows a dramatic 63.84% jump in ADA’s 24-hour trading volume, reaching over $1.12 billion . Large ADA holders; whales, are actively increasing their stakes, adding over 50 million ADA just in the past 48 hours. This buying spree followed an earlier whale purchase of 190 million ADA just the day before. But even with all this activity, ADA’s price hasn’t moved much, which begs the question if all this whale activity can push ADA’s price up. Input Output Global (IOG), the company behind the Cardano blockchain, had announced that their Lace wallet is now multi-chain . So as it stays, Bitcoin is now integrated into the Cardano blockchain for traders adopting Lace wallet. What’s Holding ADA Back? Cardano’s price is currently in a holding pattern, primarily trading between $0.69 and 0.75. While the increase in whale activity and Lace’s new Bitcoin support are positive, the price of ADA has remained fairly flat. If the price breaks below the $0.69 support level, analysts suggest it might fall further, to around $0.57 or 0.60. Technical indicators provide some context. The Relative Strength Index (RSI) currently sits at 46.14, suggesting neutral momentum. The Bollinger Bands (BB) indicate the next resistance level to watch is 0.76, with stronger resistance at 0.93. At the time of this report, ADA trades at 0.71, down 1% over the last 24 hours. Related: “Winning” PEPE Whale Buys More as Binance Wallet Sees Heavy Traffic Cardano Investors Watch These Key ADA Price Levels Despite the recent price stagnation, signals suggest Cardano might break out soon. Current data indicates relatively low selling pressure on ADA, increasing the possibility of the price testing the resistance level at 0.75. Related: Will Altseason’s Promise Hold? Bitcoin’s Resistance and Altcoins’ Anxious Wait Crypto analyst Ali Martinez shared the above chart pointing that if Cardano closes above 1.15 on the daily chart, it will confirm a bullish right-angled descending wedge pattern. This pattern suggests a potential significant price surge, possibly driving ADA up to the $2 mark. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Whales Buying Cardano (ADA) in Massive Numbers, Major Pattern Emerges?
Key Notes Cardano (ADA) whales bought a whopping 190 million ADA in the last 24 hours. The nearest resistance is at $0.746, reclaiming which could push ADA toward $0.80 and $0.85. ADA broke above the 50-week EMA at $0.668, which is now a key support level . Cardano (ADA) has seen significant whale accumulation and a promising collaboration with NASA, eyeing a massive price increase if the bulls step in and push prices higher. According to crypto analyst Ali Martinez, whales have purchased 190 million ADA in the last 24 hours, leading to a 2.24% price increase, pushing ADA to $0.7234 at press time and hitting a daily high of $0.746. Whales bought 190 million #Cardano $ADA in the last 24 hours! pic.twitter.com/sUZKGrEU51 — Ali (@ali_charts) March 20, 2025 The Relative Strength Index (RSI) reads a value of 47.67 while the gradient of the line suggests a potential retracement if buying pressure weakens. Meanwhile, the Bollinger Bands (BB) show that the nearest resistance is at $0.7869 while another major one is at $1.02. For future targets, Fibonacci retracement and extension levels map out critical price points. A breakout above $0.746 could push ADA toward $0.80 and $0.85, while a failure to sustain its current gains might see support at $0.705 before testing lower levels. Double-Top Formation: Bullish and Bearish Cases On the weekly chart, ADA faces the risk of a significant decline by June, with a potential 45% drop toward $0.39. This bearish outlook is driven by a double-top pattern, a classic reversal signal. The two peaks, marked at approximately $1.186, indicate strong resistance, with ADA struggling to push higher. The neckline support at $0.705 serves as a crucial level to watch. A breakdown below this mark could confirm the double-top pattern, increasing the likelihood of a sharp selloff. Plus, ADA is testing the 50-week exponential moving average (EMA) at $0.668, with the 200-week EMA at $0.545 providing deeper support. A close below these moving averages could accelerate selling pressure and confirm a longer-term bearish trend. However, if bulls defend the neckline at $0.705, ADA may attempt another breakout, challenging the $1.186 resistance. The market’s response at these levels will determine the direction of ADA’s next major move. Fundamental Developments Despite technical concerns, Cardano’s ecosystem continues to grow, with the Cardano Foundation confirming a collaboration with NASA . Frederik Gregaard, CEO of the Cardano Foundation, stated: “We’re working with NASA on track and trace, data provenance, and satellite data. $ADA can do Merkle Patricia Tries (MPTs); we put the entire Bitcoin protocol on #Cardano. Every single Bitcoin TX is automatically recorded.” JUST IN: Cardano Foundation CEO Frederik Gregaard says "we're working with NASA on track and trace, data provenance, and satellite data. $ADA can do Merkle Patricia Tries (MPTs); we put the entire Bitcoin protocol on #Cardano . Every single Bitcoin TX is automatically recorded." pic.twitter.com/DirclNCgq8 — Angry Crypto Show (@angrycryptoshow) March 15, 2025 Notably, the SEC dropped its lawsuit against Coinbase exchange, in which the agency mentioned ADA as an unregistered security. Regulatory clarity could benefit the altcoin’s price action while the data from Polymarkets shows that the chances of the approval of a spot Cardano exchange-traded fund (ETF) stands at 66% . next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Solana Bulls Charge: $140 Next After ETF Lifts SOL Above $135?
Solana shot up a massive 6% in the past day amid launch of Volatility Shares’ SOL ETF. Solana futures Open Interest soared to highest levels since October 2024, to $2.7 billion. The $94, $97, and $100 price levels collectively hold a whopping 3.5% of the SOL token’s supply. Solana (SOL) has seen a significant surge over the last 24 hours, surging 6% to reach $135, according to data from CoinMarketCap. This price rally comes as optimism builds around the upcoming launch of a Solana futures ETF by Volatility Shares, which is set to debut on Thursday. Why Has Investor Interest in Solana Spiked? As a result, investor interest has spiked, with daily trading volumes soaring by 74.71% to over $3.63 billion. Crypto analyst Ali Martinez pointed out on X that Solana’s futures Open Interest has climbed to $2.7 billion, levels not witnessed since October 2024. https://twitter.com/ali_charts/status/1902455787600932923 This resurgence in the derivatives market highlights increasing participation from both traders and investors. Related: Solana at 5: Impressive Growth, But Future Hinges on Firedancer Key Support Levels Holding Solana’s Price Insights from Glassnode reveal crucial price levels where Solana’s supply is concentrated. A significant support zone lies at $112.10, where a substantial 9.7 million SOL (1.67% of the total supply) is held. Notably, this level already contained 4 million SOL back on January 19th, indicating that long-term investors have been accumulating more at this price point. https://twitter.com/glassnode/status/1902346960796856446 Below this, the $94, $97, and $100 levels collectively hold nearly 21 million SOL (3.5% of supply), making them critical for preventing further downside. However, Glassnode cautions that if these levels were to break, the downside risk could increase sharply, as there’s relatively little trading volume in the range between $94 and $56. Resistance Levels Solana Needs to Conquer On the upside, recent price action has led to notable accumulation at $123 (16.2 million SOL, 2.7%) and $126 (19 million SOL, 3.2%). This demand could act as a cushion against further declines. Related: BNB Chain Now Tops Solana in DEX Trading, Price Jumps However, Glassnode highlights significant resistance at the current $135 level, where a considerable 26.6 million SOL is concentrated, and further up at $144, which holds an even larger 27 million SOL—nearly 5% of the total supply. Interestingly, the $144 level already held 20.6 million SOL on January 19th. What Do Technical Indicators Suggest About Solana’s Next Move? Analyzing the technical indicators, the Relative Strength Index (RSI) is currently at 45, placing SOL in the neutral to bullish territory, which suggests a potential for a price rebound. The Bollinger Bands (BB) indicate that price volatility is narrowing, often a precursor to an impending breakout. Additionally, the 20-day Exponential Moving Average (EMA) is currently at $137.37. For Solana to gain further upward momentum, it will need to reclaim this level. Until then, the 20-day EMA presents a significant resistance point for the SOL token. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Shiba Inu (SHIB) Burn Rate Jumps 50,000% with Shib OS Launch
Key Notes A whopping 50,000% increase in SHIB burn rate was seen with 13 million tokens being burned. The Shibarium block count is nearing the 10 million mark with total transactions now being at $963 million. Shiba Inu team also recently launched the Shib OS for the Shibarium blockchain network. Shiba Inu SHIB $0.000013 24h volatility: 4.0% Market cap: $7.62 B Vol. 24h: $266.62 M , a prominent meme coin, saw an almost 50,000% increase in its burn rate alongside a rise in derivatives trading volume. Also, a significant milestone is approaching for its Layer-2 blockchain, Shibarium. Meanwhile, the meme token’s performance this cycle has remained disappointing as investors speculate if SHIB can reclaim its all-time high of $0.00008845. SHIB Burn Rate Increase The Shiba Inu burn rate skyrocketed by 49,552% in the past day, leading to the removal of 13,629,023 SHIB tokens from circulation. A total of 410.74 trillion Shiba Inu tokens have been burned since inception, according to data from Shibburn. While burning tokens reduces supply, the impact on price depends on demand. SHIB’s open interest increased by 2.85%, now standing at $123.68 million, indicating that traders are positioning themselves for a potential move. Coinglass data shows that the derivatives volume shot up 290.84% to $167.40 million. Shibarium Nears 10 Million Block Milestone Interestingly, the Shibarium block count–currently at 9,977,961–is nearing the 10 million mark, highlighting the network’s steady adoption and increasing on-chain activity. According to Shibariumscan , the total transactions are now at 963.74 million while total addresses have reached 171.43 million. Also, the daily transactions have rebounded to 2 million, up from 1.46 million on March 13 but still far from the February 15 peak of 4.64 million. Shib OS Launch The Shiba Inu team recently unveiled Shib OS, a decentralized operating system built on Shibarium to enable transparent governance and automation for governments, enterprises, and institutions. The OS includes decentralized identity and storage for user-controlled data. along with smart contract automation to reduce bureaucracy. Shib OS: The Future of Decentralized Governance Shib OS is a turnkey solution for governments and enterprises seeking to transition from outdated centralized models to transparent, efficient, and secure decentralized governance. Built on Shibarium, a scalable L2 blockchain, it… pic.twitter.com/T38vfPgBXA — 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) March 13, 2025 It will also have an integrated DAO framework for transparent decision-making. and cross-chain compatibility for seamless integration. Finally, Shib OS will use fully Homomorphic Encryption (FHE) for enhanced security. Shiba Inu Price Analysis At the time of writing, SHIB is trading at $0.00001318, up nearly 2%, with a 179.55% increase in trading volume, CoinMarketCap data shows . According to the daily chart below, the Relative Strength Index (RSI) stands at 46.01, indicating a neutral-to-bearish sentiment. However, the gradient of the line suggests increasing buying demand for the meme token. Finally, SHIB is trading close to the middle Bollinger Band level ($0.00001308), indicating consolidation. A breakout above the upper BB level ($0.00001492) could indicate a bullish move, while a rejection may lead to a retest of support at $0.00001125. next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Solana Price News: SOL to $3,800? Bullish Cup and Handle Pattern Signals Major Surge
Key Notes Solana (SOL) has formed a bullish cup and handle pattern with a target of $3,800. SOL faces resistance at the 20-day exponential moving average (EMA) of $111.48. The proposal to reduce inflation on Solana (Proposal SIMD-0228) by 80% has failed. Solana SOL $132.5 24h volatility: 8.3% Market cap: $67.57 B Vol. 24h: $3.44 B has recently caught the attention of crypto market participants following the formation of a textbook cup-and-handle pattern, a bullish technical structure that suggests an incoming bullish move. According to crypto analyst Ali Martinez, if this pattern completes successfully, SOL could be on track to reach an overwhelming target of $3,800. #Solana $SOL is shaping up into a textbook cup-and-handle pattern! If confirmed, this setup could propel it toward $3,800. pic.twitter.com/4ZctNPwijp — Ali (@ali_charts) March 14, 2025 SOL Cup and Handle Formation The cup-and-handle formation, as seen in the chart below, is a long-term reversal pattern that typically leads to explosive breakouts when confirmed. The cup represents a rounded consolidation phase, showing that selling pressure has diminished over time. The handle, a smaller downward consolidation, shakes out weak hands before the breakout. By measuring the depth of the cup and extrapolating it from the breakout point, analysts derive the ambitious $3,800 target. However, such a move depends on various factors, including the approval of spot Solana ETFs and institutional adoption of SOL. Solana (SOL) Price Analysis According to CoinMarketCap , Solana is trading at $125.25, gaining a mere 1% in the last 24 hours. However, short-term indicators suggest that SOL remains in a corrective phase. The 20-day Exponential Moving Average (EMA) stands at $141.82 and is a key resistance level for the SOL token. Also, the Bollinger Bands (BB) show that SOL is approaching the lower band ($111.48), which is the nearest support level for the sixth-largest digital asset. On the other hand, the Relative Strength Index (RSI) sits at 37.20, just above the oversold threshold of 30. If SOL maintains current levels or sees a slight dip, a bounce could occur as buyers could step in at these relatively low prices. A retest of the 20-day EMA at $141.82 would be an early confirmation of a reversal, while breaking past $168.20 (upper Bollinger Band) could indicate a continuation of the uptrend. Rejection of SIMD-0228 The failure of Solana’s Proposal SIMD-0228 has added an extra layer of uncertainty to SOL’s trajectory. The proposal, presented by Multicoin Capital, sought to adjust Solana’s inflation model from a fixed pattern to a floating one while also modifying the inflation rate based on the staking rate. Related article: Solana Transfer Volume Hits $3B for First Time Since September 2024: SOL Rally Begins? However, the proposal fell short, receiving only 43.6% approval instead of the required two-thirds majority. BREAKING: SOLANA SIMD-0228 PROPOSAL TO INTRODUCE A MARKET-DRIVEN EMISSION MODEL HAS FAILED pic.twitter.com/4FHof9b71z — DEGEN NEWS (@DegenerateNews) March 14, 2025 With the inflation model remaining unchanged, Solana continues to issue staking rewards at a fixed rate, which some critics argue contributes to unnecessary sell pressure. According to Coin Metrics , Solana’s inflation rate is currently 4%, down from an initial 8%, but still above the long-term target of 1.5%. next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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