Motive to belief Strict editorial coverage that focuses on accuracy, relevance, and impartiality Created by trade consultants and meticulously reviewed The best requirements in reporting and publishing Strict editorial coverage that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Dogecoin has seen a major drop in volume since hitting two-year highs again in November 2024. This quantity drop has been adopted by massive declines within the DOGE value, resulting in over 50% of the meme coin’s worth that…
Author: CryptoAINews
Ethereum market dominance has reached a five-year low, dropping to below 9.4% on the time of writing. The number-two crypto faces mounting challenges in sustaining its place because the King of altcoins within the quickly evolving digital asset house.Ethereum’s decline has been gradual and painful, testing even the steeliest-nerved amongst its thriving group and reflecting a big shift in investor sentiment and market forces. Bitcoin’s rising dominance, which has surged to round 60%, has compounded Ethereum’s struggles.In February, CryptoSlate reported that Ethereum’s value against Bitcoin had additionally hit a five-year low, signifying rising capital deallocation from Ethereum, which has confronted…
Cryptocurrency analysis of Solana (SOL) shows a key moment for the asset. The $120 support level is now a critical point. Recent data shows big bull liquidations and a drop in momentum. Traders are watching closely if SOL can stay above this important price. Technical indicators from TradingView show bearish trends. They suggest SOL might fall below $100 if $120 is not held. Market volatility and recent sell-offs have made people more careful about SOL’s future. Investors are balancing risks against possible rebounds. Solana price This moment is urgent for cryptocurrency analysis. If $120 is broken, selling pressure could increase, pushing prices down. This part looks at the reasons behind the uncertainty and what it means for traders. Key Takeaways SOL’s $120 support acts as a make-or-break zone for price stability. Technical data shows a high risk of a drop below $100. Bull liquidations signal a shift in market dynamics and investor mood. Cryptocurrency analysis tools like TradingView offer key insights into current trends. Market players are getting ready for possible volatility in the days ahead. Overview of Solana’s Recent Price Movement Solana (SOL) has been moving around the $102 mark. Recent trading has shown pressure below key resistance zones. Analysts using technical analysis tools like RSI and moving averages see a bearish trend. Data from crypto platforms shows SOL’s price hit $98 last week. It then rebounded slightly. Price remains trapped between $95 and $110 for months Volume contraction signals indecisive market sentiment 50-day EMA now acting as critical resistance at $112 Level Current Price Recent Trend $120 support $102 Broken in late January $100 threshold Held Key psychological level $90 zone Close proximity Potential next support Traders using technical analysis see bearish flags and descending channels. The current consolidation phase has lasted 18 trading days. This is similar to past periods before big moves. Institutional data shows open interest declining 15% in two weeks. Market participants watch the $95-$100 area closely for sentiment. Daily volume charts from TradingView show a 34% drop in trading activity from early March. This reduced volatility makes it hard to predict the next move. Historical Significance of the $120 Support Level The $120 level is key for Solana (SOL). It has often been a turning point, influencing altcoin trends in the crypto world. Traders and analysts see it as a critical area, affecting both floor and ceiling roles. Past Price Reactions at $120 Between 2021 and 2023, SOL hit $120 four times. This led to big price swings. For example: In March 2022, a drop to $120 sparked a 35% rise in just two weeks. September 2023 saw a 48-hour fall after breaking below $120. This happened during the FTX crash. Bull Liquidations and Market Volatility When SOL gets close to $120, leveraged buyers often have to sell. Bull liquidations jumped by 22% in December 2022, according to TradingView. This increases market volatility, causing quick price changes. The level also acts as a psychological barrier. This heightens trader anxiety, leading to more price swings in altcoin trends. Understanding Solana Price Trends Analysts say that Solana support level at $120 is key to the market’s direction. Price movements near this level show a lot of uncertainty. Charts show that drops below $120 have led to bigger falls in the past, like in 2022 and early 2023. Prices below $120 might make more people sell, losing trust. Volume data shows fewer buyers near Solana support level areas. MACD and RSI signals point to weakening strength, warning of trouble. Recent data shows 45% of liquidations happened near $120, showing its big impact. Keeping this level is important because it sets the stage for bigger trends. When $120 fails, big drops often follow, as history shows. Price Level Historical Reactions 2024 Observations $120 Bounce to $140 within 3 days Slower recovery, 5-day rebound $100 Mass liquidations triggered Open interest drops 25% below $120 People watching the market keep a close eye on this Solana support level. If it fails, it could mean a move from stable to bearish. Traders look at volume and indicator trends to see if Solana can hold up. Technical Analysis: Indicators and Liquidation Events Investor sentiment is shaky as Solana’s technical indicators show mixed signals. Some signs point to resilience, but recent data from TradingView shows bearish divergences in key indicators. Analysis of TradingView Indicators Bearish divergences in momentum indicators hint at internal weakness. Here’s what the charts show: RSI (14): Below 50 for 10 days, showing long-term selling pressure. MACD Crossovers: Bearish crossovers in late July sped up the downward trend. Volume Trends: More volume on price drops points to forced selling during liquidations. Impact of Bull Liquidations on Price Movement Bull liquidations affect investor sentiment by adding to uncertainty. Here are some recent examples: Event Liquidation Volume (USD) Price Drop (24h) July 20 Liquidations $12.3M -15% July 25 Flash Crash $9.8M -12%…
The chapter property of the defunct cryptocurrency trade FTX has revealed that it’s going to not be paying roughly $2.5 billion in claims to victims of its collapse as creditor repayments proceed. Based on a filing with the U.S. Chapter Courtroom for the District of Delaware, clients affected by the newest improvement are those that did not start their know-your-customer (KYC) verification course of by the deadline, which handed a month in the past. FTX Expunges Buyer Claims The chapter property mentioned it’s disallowing and expunging claims belonging to customers who didn’t begin their KYC by March 3. The KYC…
Why You Would possibly Have Crypto in MetaMaskThere are various methods crypto can find yourself in your MetaMask:A shopper pays you in crypto for Web3 work.You earn rewards from a mining pool.You obtain airdropped tokens.You earn yield from DeFi.You full duties in a SocialFi app.Regardless of the cause, now you wish to money out. Right here’s find out how to do it.Earlier than You Attempt to PromoteThere are some things to test earlier than promoting your tokens.1. Some Tokens Can’t Be Offered ButMany airdropped tokens seem like they’ve worth. However they’re not listed on any change. So, even should you…
Solana defied the crypto market doldrums and surged by greater than 5% on Friday after the retail fee giants PayPal and Venmo rolled out assist for SOL. PayPal announced on Friday that customers of each fee platforms may now purchase, promote, maintain and switch SOL and LINK, the native asset for the decentralized oracle platform Chainlink. LINK jumped by greater than 1% on Friday and is buying and selling at $13.00 at time of writing. In the meantime, SOL rose from $117.15 to a excessive of $124 earlier than closing the buying and selling day at $122.78. By comparability, the…
Cause to belief Strict editorial coverage that focuses on accuracy, relevance, and impartiality Created by trade specialists and meticulously reviewed The best requirements in reporting and publishing Strict editorial coverage that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Regardless of the recent crypto crash that despatched most digital property tumbling, Ethereum (ETH), Solana (SOL) and Cardano (ADA) have managed to carry their floor. In accordance with newest reviews, these three cryptocurrencies at the moment are main the…
Blockchain intelligence platform SpotOnChain reported that North Korea’s state-backed hacking group, Lazarus, has pocketed over $2.5 million in revenue from a current sale of wrapped Bitcoin (WBTC).On April 3, the group bought 40.78 WBTC for 1,857 ETH, price roughly $3.51 million. The sale marks a pointy return on their February 2023 funding, once they spent round $1 million in USDT to accumulate the property at a mean value of $24,521 per WBTC.On this current transaction, every WBTC was bought for roughly $86,170—over 250% greater than the unique buy value.After the sale, the group distributed the ETH throughout three wallets. Two…
Ethereum dropped over 55% in 14 months amid sustained sell-side stress. The $1,800 help stage holds regardless of bearish sentiment and value volatility. Ethereum’s [ETH] descent from a $4,000 peak in February 2024 to simply underneath $1,800 in April 2025 tells a narrative far deeper than a easy value crash. There are indicators the worst could also be behind us After 14 months of steady promoting stress, Ethereum’s market seems to be nearing a turning level. Latest CryptoQuant analysis highlights a big bullish divergence rising beneath the floor. Though Ethereum’s value has dropped to multi-month lows, a number of metrics…
The workforce behind Contaminated, a speculative pandemic-simulation recreation that lately gained viral traction, introduced its choice emigrate from Ethereum’s Layer-2 community Base to the Solana blockchain. The announcement was made by way of the sport’s official X account. It cited Base’s incapability to deal with transaction quantity through the recreation’s launch and broader issues in regards to the scalability of EVM-based chains. Contaminated Ditches Ethereum’s Layer 2 for Solana “Contaminated crashed Base,” the workforce stated, referencing the sport’s launch, which attracted 130,000 sign-ups inside 48 hours. The sudden demand led to a spike in gasoline costs and failed transactions, particularly…