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📈 Solana (SOL) Price Surges 12% as Major Metrics Go Bullish Solana (SOL) has taken a significant leap forward in its market trajectory, with its price surging by 12.78% in the last 24 hours. This substantial surge has propelled SOL to a trading value of $162.35 at the time of reporting, marking a notable uptick in investor interest and market activity. One of the most striking aspects of this surge is the remarkable increase in Solana's trading volume, which has surged by an impressive 82.78%, reaching a substantial $4.38 billion. This surge in trading volume underscores a surge in investor confidence and interest in SOL, indicating strong market momentum. Moreover, the market capitalization of SOL has experienced a significant upswing, rising by 13.64% to reach $73.15 billion. This surge in market capitalization further solidifies SOL's position as a leading player on the cryptocurrency market, garnering attention from investors and traders alike. 🔸 Solana gives bullish signals In addition to the notable price surge and increased trading volume, several key technical indicators are flashing bullish signals for Solana. The Relative Strength Index (RSI), a widely followed momentum oscillator, currently stands at 59.30, indicating bullish sentiment for SOL. Furthermore, Solana's price is trading above both its 200-day Exponential Moving Average (EMA) and 200-day Simple Moving Average (SMA). This technical outlook reinforces the bullish sentiment for the cryptocurrency in the long term. The Moving Average Convergence Divergence (MACD) for SOL is also noteworthy, currently at 0.68 and gaining momentum in the bullish zone. This further bolsters the positive sentiment surrounding Solana's price movement and suggests potential further upside in the near term. Looking ahead, analysts are eyeing the next resistance level for Solana at $165. If SOL manages to clear this hurdle, it could pave the way for continued upward momentum in its price trajectory. With bullish technical indicators and growing market interest. $SOL #SOL #Solana

📈 Solana (SOL) Price Surges 12% as Major Metrics Go Bullish

Solana (SOL) has taken a significant leap forward in its market trajectory, with its price surging by 12.78% in the last 24 hours. This substantial surge has propelled SOL to a trading value of $162.35 at the time of reporting, marking a notable uptick in investor interest and market activity.

One of the most striking aspects of this surge is the remarkable increase in Solana's trading volume, which has surged by an impressive 82.78%, reaching a substantial $4.38 billion. This surge in trading volume underscores a surge in investor confidence and interest in SOL, indicating strong market momentum.

Moreover, the market capitalization of SOL has experienced a significant upswing, rising by 13.64% to reach $73.15 billion. This surge in market capitalization further solidifies SOL's position as a leading player on the cryptocurrency market, garnering attention from investors and traders alike.

🔸 Solana gives bullish signals

In addition to the notable price surge and increased trading volume, several key technical indicators are flashing bullish signals for Solana. The Relative Strength Index (RSI), a widely followed momentum oscillator, currently stands at 59.30, indicating bullish sentiment for SOL.

Furthermore, Solana's price is trading above both its 200-day Exponential Moving Average (EMA) and 200-day Simple Moving Average (SMA). This technical outlook reinforces the bullish sentiment for the cryptocurrency in the long term.

The Moving Average Convergence Divergence (MACD) for SOL is also noteworthy, currently at 0.68 and gaining momentum in the bullish zone. This further bolsters the positive sentiment surrounding Solana's price movement and suggests potential further upside in the near term.

Looking ahead, analysts are eyeing the next resistance level for Solana at $165. If SOL manages to clear this hurdle, it could pave the way for continued upward momentum in its price trajectory. With bullish technical indicators and growing market interest.

$SOL #SOL #Solana

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🚀 Shibarium Nears Major Record: What’s Next for SHIB Price? ● Shibarium’s daily transaction count surged 209%, from 6,000 to 18,560 within a week. ● Shibarium aims to break the record of 420 million total transactions, currently at 417 million. ● SHIB price fluctuates in a symmetrical triangle pattern, indicating equilibrium in market demand and supply. Shibarium, Shiba Inu’s layer-2 solution, is nearing a significant milestone as daily transactions surged by 209%. According to Shibariumscan, the daily transaction count jumped from 6,000 on May 14 to 18,560 on May 20. This spike in activity follows the implementation of the Shibarium hard fork on the mainnet, marking a pivotal moment for the Ethereum L2 protocol. With this surge, Shibarium aims to break the record of 420 million total transactions. Currently, the total transaction count stands at 417,525,512. Although it is uncertain when this record will be achieved, the recent growth indicates Shibarium is on the right track. Meanwhile, Shiba Inu (SHIB) has been fluctuating within a symmetrical triangle pattern. This pattern suggests an equilibrium in market demand and supply at current prices. Buyers are currently attempting to push the price beyond the descending resistance line. At the time of writing, SHIB is priced at $0.000025, marking a slight decline of over 1%. Bullish traders are targeting a move above $0.000030. A successful breakout above this downtrend line could weaken bearish forces and potentially drive the price to $0.000035, where significant resistance is anticipated. Looking ahead, the future of Shiba Inu in the crypto industry appears promising. As Shibarium continues to grow and break records, it strengthens Shiba Inu’s position in the market. With ongoing developments and increased adoption, Shiba Inu is well-positioned for sustained growth and innovation. $SHIB #SHIB #Shibainu
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🐋 Ethereum Whales Come Alive: Are They Buying Or Selling? 🔸 Ethereum Whale Transactions Are At Their Highest Since March In a new post on X, the market intelligence platform IntoTheBlock has discussed how the ETH whales have become active recently. The on-chain metric of interest here is the “Number of Large Transactions,” which, according to the analytics firm, tracks the total number of Ethereum transactions on the network valued at more than $100,000. Generally, only whale entities can make such large single transaction movements, so such large transfers are associated with these humongous investors. As such, the Number of Large Transactions indicator can tell us whether this cohort is active right now. The chart below shows the recent trend in this Ethereum metric. The graph shows that the Number of large transactions for Ethereum has sharply increased recently. This suggests that the whales have ramped up their activity. The whales have come alive as news surfaced that the ETH spot exchange-traded funds (ETFs) could have improved their approval odds. The hype in the market has meant that ETH has enjoyed a rapid increase, taking its price back around the $3,800 level. With all this happening in the market, it’s only natural that these humongous entities would be repositioning themselves. As the scale of this cohort’s transactions is quite big, a large number of them taking place together can be powerful enough to cause ripples in the market. Thus, ETH could likely witness volatility shortly if the current high whale activity persists. This indicator measures the net amount of Ethereum moving into or out of the wallets of “Large Holders.” The analytics firm defines Large Holders as those who own at least 0.1% of the entire circulating asset supply. The graph shows that the Large Holders have been participating in accumulation recently, as the netflow has been positive for them. Thus, it appears that the recent activity from the whales has involved net-buying. $ETH #ETH #Ethereum
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⭐️ Best Crypto For May 23 – Dogwifhat, Dogecoin 🔸 Dogwifhat (WIF) Up 7.6% in 24 hours and bucking the market decline, Dogwifhat (WIF) is making a claim for itself as best crypto to buy today. Dogwifhat was last close to $3.0, with a market cap of around $3 billion, as per CoinMarketCap. If it can break above its 21 and 50DMAs, WIF could quickly surge. Bullish targets would be the May highs at $3.70, and then the top of its short-term upward trend channel. If it can break above its 21 and 50DMAs, WIF could quickly surge, making it potentially the best crypto 🔸 Dogecoin (DOGE) Dogecoin (DOGE) isn’t a particularly strong performer on Wednesday. But it has formed an ascending triangle in recent weeks and is threatening a bullish breakout. If it can push above $0.17 resistance, a quick retest of yearly highs near $0.23 is likely. Dogecoin could be the best crypto to buy now assuming it can break above $0.17 resistance. ⚠️ Crypto Alternatives to Consider Altcoins are a great way to make quick gains in crypto. However, most of the above-mentioned coins are already too well-established to provide traders with gains of upwards of 10x. For those bigger gains, traders will need to get in super early on newer coins with lower market caps. Of course, this isn’t for the faint-hearted. That said, for risk-tolerant investors looking to add upside exposure to their portfolios, presale investing is potentially a good strategy. Web3 startups often sell their token at an early discount in presales to fund development and build hype. However, with so many presales vying for investor funds, it can be tough to know where to start. $WIF $DOGE #WIF #DOGE
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📈 Render Price Is Going Up; Will RNDR Crypto Reach The $15 Level? 🔺 RNDR price recently broke out of the descending triangle pattern. 🔺 Render crypto is trading above the key moving averages showcasing bullishness. The Render crypto (RNDR) crypto price jumped in the bullish region and has displayed bullish waves for the past sessions. Recently the price gave a breakout to an interesting triangle pattern. Moreover, the token is sustaining gains above the key moving averages and is persistent in stretching the gains. The token had given a bullish breakout and has surged over 23% this month, replicating the bull accumulation. RNDR has started a major bullish move from the lower support levels of $6.850. The price broke above the major trendline, resulting in an upsurge of the price to the upper resistance. 🔸 Render Crypto Price vs Volume Analysis The volume and price graph displayed that the trading volume has increased in the last few days and the price has also inclined. The price had grown from the level of $6.850 to $11.252 and so has the volume.In the last few days, the price has grown significantly. Hence, the price is expected to grow in the long term as well. 🔸 Render Crypto Social Dominance vs Social Volume Based on the social dominance and social volume graph, the social dominance and social volume have been steadily increasing over the last few months, which has had a positive impact on the price of RNDR. Additionally, the momentum of the Render price may be influenced by changes in social dominance and volume dominance. In terms of social dominance for an asset, it’s analogous to counting how many people in the room are discussing RNDR compared to the top 100 cryptocurrencies. For example, if RNDR’s social dominance is 50%, it means that half of the cryptocurrency conversations are about RNDR. Meanwhile, social volume for RNDR means how often RNDR is mentioned across social platforms. $RNDR #RNDR #RENDER
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