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

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

BTC DOWN TO 54K
#HotTrends #BTC $BTC

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

Solana eyes $600 target in upcoming crypto surge

In recent quarters, Solana's increasing on-chain activity points to a strong underlying demand for SOL tokens.
#TrendingTopic #SOLUSDT!

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!

Solana NFT Sales Reach New Milestone As SOL Price Lags

Solana-based nonfungible tokens (NFTs) have surged past $5 billion in all-time sales volume, signaling a significant turnaround for the blockchain platform in the NFT sector.

This achievement underscores Solana‘s growing prominence, with over 2.2 million buyers and 1.6 million sellers engaging in nearly 43 million transactions.

The recent spike in Solana NFT sales contrasts with previous stagnant performance, with monthly volumes hovering around $40 million until October 2023. In November 2023, sales surged to $82 million, followed by $365 million in December, nearly matching Ethereum’s figures.

Solana’s NFT market growth aligns with the bullish trend of the SOL token, which has seen a substantial price surge, reaching $102.73 in current trading. Despite a slight dip in January, Solana NFTs recorded over $239 million in sales, with February’s monthly volume at $161 million, contributing to over $1 billion in sales volume in the past nine months.

The uptick in sales can be attributed to growing enthusiasm for the Solana ecosystem and initiatives offering incentives like airdrops. Projects like Tensorians and Mad Lads have seen significant trading volumes, fueling Solana’s NFT market expansion.

Analysts predict a decline in Ethereum’s NFT market share, citing issues like congestion and high gas fees. This has led to a migration of NFT applications to alternative blockchains like Solana, positioning it as a primary beneficiary of the shifting landscape.
#Write2Earn #TrendingTopic #solusdt #SolanaWealth

Solana Approaches Crucial Levels: Will the SOL Price Drop Below $100 in the Weekend?

The short-term price analysis of Solana appears to be largely bearish, as the bulls have failed to defend the lower support. The price was trading within an ascending triangle and was heading towards the apex. But the latest rejection, just below $115, caused the token to lose over 12% of its value. Although the bulls managed to keep up the three-digit figure, the bearish influence may still haunt the rally until the end of the month. 

The long-term price action displays the price to be trading under the bullish influence as the Gaussian Channel is painted in green. Besides, the stochastic RSI marked the lower support and is about to flash a buy signal, initiating a bullish crossover. This could suggest the token could withstand the minor bearish pressure prevailing at the moment but the upcoming weekly close may let out firm signals for the upcoming monthly close. 

As seen in the chart, the SOL price in the long term is trading within a decisive symmetrical triangle. Since the beginning of the year, the token has been trying hard to break above the resistance of the triangle. During the previous attempt, the StochRSI was at its peak and hence a bearish pullback was quite obvious. However, presently, the levels are about to turn bullish, which suggests the price may initiate a fresh upswing and reach the initial target of over $130. 

Once these levels are achieved and sustained, a run towards $200 could be imminent.
#Write2Earn #TrendingTopic #solusdt

#SOLUSDT! The SOL coin price is forming a rounding bottom formation, and it is close to the upward trendline support, near $101, from where a rebound is anticipated. Furthermore, the 50-day EMA mark also exists there, favoring the rebound and bulls targeting to cross the $120 mark. Buying momentum will extend above that mark, and the coin may reach $130 soon.
#Write2Earn #TrendingTopic. #SolanaWealth #SolanaExplorer

Downside Break In BTC?

If Bitcoin fails to rise above the $51,800 resistance zone, it could start another decline in the near term. Immediate support on the downside is near the $51,100 level and the channel trend line.

The first major support is $50,550. If there is a close below $50,550, the price could start a decent pullback. In the stated case, the price could decline toward the $49,500 support zone, below which the price might even test $49,200.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $51,100, followed by $50,550.

Major Resistance Levels – $51,800, $52,000, and $52,500.
#Write2Earn #TrendingTopic #BTC‬ #BTC/USDT. #BTCBefore2025

Binance Makes Big Announcement With New Solana, Worldcoin and Filecoin Listings

As of now, SOL is manifesting a downtrend within a bearish channel pattern. The price has recently faced resistance at the upper trend line of this channel, suggesting a possible continuation of bearish momentum. Key support levels to watch include the psychological round number at $100, followed by a more established support at around $90 which, if broken, could lead to a further slide.

If SOL fails to hold the $100 level, we could witness a steeper decline, with the next substantial support level at $90. A break below this could potentially open a path toward the $80 mark, especially if broader market sentiment remains negative.

A bullish reversal could occur if SOL finds solid footing at the current support levels. For a shift in trend, SOL would need to break out of the descending channel, pushing past the immediate resistance near $110. This could indicate short-term bearish exhaustion and potentially signal the start of a recovery phase, targeting subsequent resistance levels at $120 and above.
#Write2Earn #TrendingTopic #BinancaEarn #solusdt

The Solana-focused developer platform Helius raised $9.5 million in Series A funding. 

The venture firm Foundation Capital led the round, which had additional support from Reciprocal Ventures, 6th Man Ventures, Chapter One, Propel, Balaji Srinivasan, Kyle Samani, Solana co-founders Anatoly Yakovenko and Raj Gokal, and others.

Foundation General Partner Steve Vassallo will join Helius' board of directors, Helius CEO Mert Mumtaz told The Block.

Helius focuses on building developer tools such as web hooks and remote procedure controls (RPCs). Web hooks automatically facilitate the communication between two applications, and RPCs are a way for developers to interact with blockchain nodes.
#Write2Earn #TrendingTopic #SOLUSDT! #solusdt #SolanaExplorer#SolanaWealth

SOL Price Prediction: When Will the Price Break Out?

The daily time frame analysis does not confirm the trend’s direction because of its mixed price action and wave count. The price action shows that SOL has possibly traded inside a symmetrical triangle since its December 25, 2023 high. The symmetrical triangle is considered a neutral pattern, meaning both breakouts and breakdowns are possible.

The wave count suggests the SOL price is consolidating in anticipation of another upward movement. Elliott Wave theory involves the analysis of recurring long-term price patterns and investor psychology to determine the direction of a trend. The most likely count suggests SOL is in wave four in a five-wave upward movement. Wave four has likely taken the shape of a symmetrical triangle.

If the count is correct, SOL will continue consolidating in the triangle before an eventual breakout. If that happens, a nearly 40% increase to the next resistance at $145 could transpire.
#Write2Earn #TrendingTopic #ETH #FET #strk

Tron (TRX) Price Trends and Market Dynamics

Tron (TRX) has shown a rise in its weekly price, ranging between $0.129 and $0.139, marking an increase of 7.66%. Tron (TRX) remains a notable player in the decentralized blockchain network. Despite reaching its peak during the cryptocurrency boom of 2017-2018, Tron (TRX) faces challenges in reclaiming those previous highs.

Investor sentiment plays a significant role in determining Tron’s (TRX) price direction, with market fluctuations and external factors influencing its performance. Recent analysis indicates an upward trend for Tron (TRX), with its price hovering around $0.136 amid bullish momentum.
#Write2Earn #TrendingTopic #TRX/USDT #Trx

Concerns Rise Over Solana (SOL) Reliability
Solana (SOL) has been on the rise lately, with its weekly price ranging between $104 and $115, despite a decrease of 10.21%. Known for its fast blockchain and efficient transaction processing, Solana (SOL) is approaching its all-time high. This achievement reflects the confidence investors have in Solana (SOL) technology and its potential for decentralized applications.

However, recent network outages, including a 5-hour downtime in February 2024, have raised concerns among investors about the platform’s reliability. These outages not only affect user trust but also disrupt applications running on Solana (SOL), highlighting the importance of addressing such issues to maintain investor confidence.
#Write2Earn #TrendingTopic #SOLUSDT! #SolanaWealth

Solana Ready for $120

Solana’s price analysis emphasizes the significance of support and resistance levels in forecasting its trajectory. The $100 level serves as a robust support base, marked by the lower boundary of the ascending channel and reinforced by the 50-day moving average. Repeated tests of this level underscore its psychological and technical strength.

Conversely, resistance looms near the upper trend line of the channel, positioned just above $110. A decisive breach of this resistance could pave the way for SOL to reach the $120 target. Moreover, the upward slope of the 100-day and 200-day moving averages, at $88.21 and $67.23 respectively, bolsters the long-term uptrend.
#Write2Earn #TrendingTopic #SOLUSDT! #SolanaWealth

CEO of Ripple Brad Garlinghouse Says It “Makes Sense” To Have XRP ETF

Brad Garlinghouse, CEO of Ripple, expressed his enthusiasm for a potential exchange-traded fund (ETF) based on the XRP token. In a recent interview with Bloomberg, he stated that Ripple would "certainly welcome" such a development.

Beyond his specific interest in an XRP ETF, Garlinghouse predicted a broader trend of diversification within the crypto ETF landscape. He envisions multiple ETFs tracking individual tokens, as well as basket-based funds offering broader exposure to the market. This would mirror the evolution of traditional stock exchanges, where diversifying options attract various investor profiles.

While declining to confirm any ongoing discussions with potential ETF issuers, Garlinghouse emphasized Ripple's overall support for an XRP ETF, believing it would benefit the entire XRP community.

Beyond ETFs, Garlinghouse outlined his long-term view of digital assets as tools for creating utility and solving real-world problems. He drew a distinction between Bitcoin's role as a store of value and XRP's potential as an ideal payment solution.
#Write2Earn #TrendingTopic #XRP🚀 #xrpbullish

Bitcoin Could Hit $150K This Year, Says Fundstrat's Tom Lee

Lee took note of fresh demand via the new spot bitcoin ETFs, the halving and expected monetary policy easing as being catalysts for higher prices.

Bitcoin (BTC) may have stalled over the past week, but FundStrat head of research Tom Lee doubled down on his bullish outlook and said it could reach as high as $150,000 this year.

"You have demand improving with the new ETFs, you have supply shrinking with the halving, and if monetary policy eases which we expect, that's supportive for risk assets," Lee told CNBC on Wednesday.

Lee's comments came as bitcoin's rally appeared to lose some steam following a 35% gain over the past couple of weeks to $53,000, its highest price in 26 months. It was recently changing hands at $50,900, down 1.8% over the past 24 hours, holding up slightly better than the broader-market CoinDesk20 Index's (CD20) 3% decline during the same period.

Lee isn't worried. "Bitcoin's been holding up ," he said "I do not think a drawdown is going to start that soon."

However, other analysts suggested that BTC may cool down for a while.
Joel Kruger, market strategist at LMAX Group, suggested caution in the short term, noting potential volatility due to shifting central bank policies and fallout from global macro weakness, which could temporarily impact crypto markets. He added that any downturn would provide an opportunity for taking strategic positions.

Analytics firm Swissblock said in a Wednesday market update that bitcoin's big picture is still bullish, but may experience a pullback to lower prices first before resuming its uptrend.
#Write2Earn #TrendingTopic #FET #ETH #BNB#SolanaWealth

What’s Next For SOL Price?

Bears currently have the upper hand on the price chart, with sellers aiming to hold the price below the crucial support level in the upcoming hours. However, buyers are putting up a strong fight to prevent a drop below the immediate Fibonacci level. At the time of writing, the SOL price stands at $102, marking a decrease of over 6.2% from the previous day’s price.
Should the price not manage to rise above the $103 support line, the next support level is found around the $93 mark. If this level is compromised, SOL’s price might fall to a crucial support level at $80. A robust recovery from $80 could send the price towards the 20-day Exponential Moving Average (EMA). Crossing this level could result in the price consolidating between $108 and $80.

For bulls to maintain their dominance, they need to ensure the price remains above $100. Achieving this could set the stage for targeting the subsequent significant resistance level at EMA20 and then the $116 mark.

Recently, the long/short ratio for Solana has decreased, now at 0.7562, with 57% of total positions anticipating a drop in its price.
#Write2Earn #TrendingTopic #SolanaWealth #SOLUSDT! #SolanaExplorer

Is it true that bitcoin’s price goes up around a halving event?

Historically, bitcoin halvings have seemed to catalyze crypto bull markets.

Given there have only been three bitcoin halvings, it is important to note there is a small sample size to go by. Still, Berenberg Capital Markets analysts noted in a 2023 report that bitcoin has seen post-halving price rallies that have lasted between one and two years.

Bitcoin jumped from $12 on Nov. 28, 2012 to a price nearly 100 times that — $1,164 — 367 days later.

It took 524 days after the 2016 halving to rise from about $650 to a then-record $19,712. Bitcoin hit its current all-time high of more than $69,000 in November 2021, 549 days after the 2020 bitcoin halving.

As mentioned, BTC supply is capped at 21 million bitcoins. And the slowing down of new issuance can create a “supply shock” if in fact demand for the asset is growing — a potential bullish scenario for bitcoin.
#Write2Earn #TrendingTopic #strk #BTC‬ #BTCBefore2025