Solana eyes $600 target in upcoming crypto surge In recent | Crypto Next on Binance Square

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Solana eyes $600 target in upcoming crypto surgeIn recent quarters, Solana's increasing on-chain activity points to a strong underlying demand for SOL tokens.
#TrendingTopic #SOLUSDT!

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I think the lows of the recent week just above the big round number at $60,000 look very pivotal. A bearish breakdown below that area could be a great entry trigger for a new short trade. On the other hand, a bullish breakout beyond $63,400 could produce a much stronger upwards price movement, as the price would then have room to rise all the way to $65,722 without encountering any obvious resistance. Regarding the US Dollar, there will be release of US CPI, Retail Sales, and Empire State Manufacturing Index data at 1:30pm London time.#BTC $BTC

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Bitcoin Technical Analysis The Bitcoin market rallied a bit during the early hours on Monday, as $60,000 continues to be very important. At this point in time, we are breaking above the 50 day EMA, and I think we are trying to get back to the $64,000 level. If we can clear $65,000, then it’s very likely that the market could continue to go higher, perhaps even reaching as high as $73,000 above, which had been a major ceiling. Underneath, we have plenty of support near the $57,000 level, and I think that extends all the way to the aforementioned $60,000 level. It’s a range of support if you will. Giving that up, it’s very likely that if we were to break down below there, then the $52,000 level and the 200-day EMA both come into the picture as support as well. This is a very bullish market from a longer-term standpoint, but there’s a lot of noise out there as, quite frankly, Wall Street is now in the mix. It’s going to change the attitude and the behavior of this asset. I don’t know if we’re going to see 10% gains on any particular day anymore because of this, and it’s going to behave more like an index. #BTC #bitcoinhalving

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BTC DOWN TO 54K #HotTrends #BTC $BTC

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How Circle Will Fuel Stablecoin Liquidity on Solana Stablecoin issuer Circle is enhancing liquidity on Solana through the forthcoming launch of its Cross-Chain Transfer Protocol (CCTP) on the network. This protocol enables users to seamlessly transfer USDC across supported blockchain networks by burning and minting the stablecoin. CCTP operates on seven networks: Ethereum, Avalanche, Base, Noble, Arbitrum, OP Mainnet, and Polygon PoS. CCTP to Boost Solana Stablecoin Liquidity Circle has unveiled a pre-mint address allowing CCTP to mint USDC on Solana before the March 26 launch. This strategic move empowers Circle to establish and maintain a USDC balance on Solana. However, the pre-minted tokens await inclusion in the circulating supply until Circle’s formal authorization. Austin Federa, Solana’s head of strategy, noted that CCTP streamlines USDC stablecoin transfers from various networks to Solana. He also highlighted the protocol’s potential to catalyze innovations such as on-chain payroll and the accessibility of Solana for users from diverse networks. Meanwhile, Anatoly Yakovenko, Solana’s co-founder, echoed similar sentiments, adding that CCTP could act as a seamless bridge for frictionless Real World Assets (RWA) #TrendingTopic #EOS #HalvingHorizons #SOLANAAAA

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Solana analysis The flattish moving averages and the RSI near the midpoint suggest a range-bound action in the near term. Buyers will have to push and maintain the price above the downtrend line to start a rally to the overhead resistance zone between $119 and $127. If this zone is surmounted, the up move may reach $135 #Write2Eam #TrendingTopic #SOLUSDT!

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