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Coin : SOL / USDT - LONG SIGNAL 📈 Time Interval: 1h 🕗 Price : $152.98 ------------- Based on the current technical indicators for SOLUSDT on the 1-hour timeframe, I recommend holding your position. The price is hovering above both the SMA20 and EMA20, indicating a potential bullish trend continuation. However, closely monitor the RSI as it is in the neutral zone. Consider setting a take profit at $160 and a stop loss at $145. 🟢 Take Profit: $160 🔴 Stop Loss: $145 $SOL #SOL #Solana #signaladvisor

Coin : SOL / USDT - LONG SIGNAL 📈

Time Interval: 1h 🕗

Price : $152.98

-------------

Based on the current technical indicators for SOLUSDT on the 1-hour timeframe, I recommend holding your position.

The price is hovering above both the SMA20 and EMA20, indicating a potential bullish trend continuation. However, closely monitor the RSI as it is in the neutral zone. Consider setting a take profit at $160 and a stop loss at $145.

🟢 Take Profit: $160

🔴 Stop Loss: $145

$SOL #SOL #Solana #signaladvisor

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🚀 Why Are Traders Heading Back to Dogecoin? Is This a Fleeting Drift? Dogecoin is again receiving attention, as the volume has soared by over 35% since the early trading hours. This has caused a marginal rise in the price, which has surged by nearly 5% above $0.16. Besides, the market sentiments have also flipped to bullish ever since the launch of the spot Ethereum ETF. Therefore, now the question arises of why traders have jumped in favour of the DOGE price rally. 🔸Does the price initiate a breakout above the critical resistance or just trap the bulls at the local highs? Ever since the beginning of the 2021 bear market, which kicked off following the SNL event where he termed DOGE as a ‘Hustle’, the traders have lost their interest in the token. Although the price received some bullish push, it remained a short-term rally. However, the trend appears to have changed in recent times as the volume has been surging since the beginning of March, which has raised the volatility of the token.  🔸 Will the bulls hold the DOGE price above the gains? Will it hit $0.2 before the end of the month? After the recent pullback from the yearly highs above $0.22, the DOGE price has been maintaining an ascending trend and could reach the edge of the consolidation soon. This has triggered a rebound from the average levels of the Gaussian channel, which is still under bearish influence. Besides, the RSI is maintaining a decent upswing, which may compel the prices to reach the upper resistance of the channel.  The technicals and the chart patterns do not indicate the recent breakout will be short-lived, but the price is expected to hit new yearly highs above $0.25. However, the traders usually remain impatient and squeeze profits following minor jumps. Hence, if the bulls receive the required pressure in the form of volume, then the Dogecoin (DOGE) price may keep up the bullish trend, withstanding all the bearish pressure. Therefore, a rise above $0.3 appears to be imminent in the first few weeks of H2, which may ensure a bullish close for the year 2024. $DOGE #DOGE
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⭐️ Lido (LDO) Takes The Lead With 13% Surge Post Ethereum ETF Approval – Key Levels To Watch 🔸 LSD Sector Set To Soar With Ethereum ETF Approval? As reported by our sister website, Bitcoinist, the SEC’s approval of the Ethereum ETFs was detailed in an official filing, highlighting that the proposals meet the provisions of the Exchange Act and relevant regulations governing national securities exchanges. The Commission has determined that proposals from notable entities such as BlackRock, Grayscale, Bitwise, VanEck, Ark Invest/21Shares, Invesco Galaxy, Fidelity, and Franklin Templeton fulfill the requirements to prevent fraud and manipulation, protect investors, and safeguard the public interest. Crypto analyst Daan Crypto Trades, commenting on the Ethereum ETF approval on X (formerly Twitter), pointed out that the new index funds approval has led to two sectors emerging as clear winners. One of these sectors is Liquid Staking Derivatives (LSD) coins, with Lido at the forefront. Lido provides staking support for the Ethereum blockchain without the need to lock tokens or maintain infrastructure, allowing participants to engage in on-chain activities such as lending and farming. 🔸 Key Levels To Watch For Lido During the early hours of Friday, LDO reached a peak of $2.49 but has since retraced to its current trading price of $2.35. Large investors are interested in the token, as Spot On Chain data reveals that six fresh wallets/whales withdrew 4.3 million LDO ($9.59 million) from crypto exchange Binance over the past 24 hours. This indicates a growing interest in holding the token, as sentiment suggests a potential increase in price parallel to Ethereum once the newly approved index funds for the second-largest cryptocurrency enter the market in the coming months. Moreover, CoinGecko data shows that Lido has experienced a trading volume of $350 million within the last 24 hours, marking a 78.60% increase compared to Thursday’s. However, the token remains 68% below its all-time high (ATH) of $7.30, achieved during the 2021 bull market. $LDO #LDO #LidoDAO
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💥 BlackRock's Bitcoin ETF nears top spot after $380 million buy IBIT's rapid growth highlights institutional confidence in regulated Bitcoin investments. BlackRock’s iShares Bitcoin Trust (IBIT) is on track to become the largest Bitcoin fund after purchasing over $380 million worth of the BTC this week, according to blockchain analytics platform Arkham Intelligence. The biggest purchase occurred on May 21, with IBIT buying over $290 million in Bitcoin. Launched in January 2024 after the SEC approved spot Bitcoin ETFs, IBIT has quickly become the second-largest Bitcoin fund. IBIT now holds more than 284,525 BTC, worth over $19.1 billion, putting it just $300 million away from surpassing the Grayscale Bitcoin ETF, which currently holds 289,256 BTC, valued at $19.4 billion. The recent inflows follow notable investments in IBIT, including the State of Wisconsin’s Investment Board purchasing nearly $100 million worth of shares in the first quarter of 2024, highlighting the growing institutional adoption of Bitcoin through regulated investment vehicles. $BTC #ETF #BTC
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🤔 Top CEOs and Analysts Announce Altcoins That Could Launch ETFs After Ethereum The U.S. Securities and Exchange Commission (SEC) has greenlit 19b-4 forms for eight spot Ethereum ETFs from leading companies like BlackRock and Fidelity. However, approval of other spot crypto ETFs may be a more challenging journey. Former White House Communications Director and managing partner of alternative investment firm SkyBridge, Anthony Scaramucci, expressed optimism that a Solana ETF is next. Following the approval of spot Ethereum ETFs, Scaramucci confidently said, “A SOL ETF is coming, get ready.” Brian Kelly, a host on CNBC, speculated about the chances of an ETF for Solana, the fifth-largest cryptocurrency by market cap. “Bitcoin, Ethereum and Solana are probably the big three for this cycle,” he said, suggesting Solana could be the next big thing. Kelly's comments echoed those of Joe McCann, a Solana investor and founder, CEO and CIO of crypto fund Asymmetric. McCann believes that if another ETF is approved, it will be Solana. However, he also acknowledged potential problems for Solana and other cryptocurrencies, noting that the Coinbase case used language that could affect future approvals. McCann highlighted Dogecoin as another potential competitor for an ETF, given its similarities to Bitcoin's launch and its status as “definitely not a security.” Litecoin has also attracted attention for similar reasons. However, from a regulatory perspective, while Dogecoin and Litecoin may be more suitable options, the financial obligation required to launch a Litecoin ETF may be a deterrent for issuers. $LTC #LTC
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⚠️ Do Kwon’s extradition to go back to Montenegro High Court after appeal Since his arrest in March 2023, Do Kwon has been in Montenegro. He could be extradited to either his native South Korea or the United States to face fraud charges. After another successful appeal from Do Kwon’s legal team, Montenegro’s High Court will decide whether to extradite the Terraform Labs co-founder to the United States or South Korea. According to a May 24 report from Montenegrin news outlet Vijesti, the country’s court of appeals accepted arguments from Kwon’s lawyers and returned the question of extradition to the High Court “for retrial and decision.” The appeal marked the latest legal maneuver Kwon’s team used to delay his transfer to the U.S. or South Korea, where he would face criminal charges. “If the person whose extradition is sought gives his consent to extradition, it is a shortened procedure that has to be applied and in which case the court decides on extradition,” Montenegro’s court of appeals reportedly said in its decision, adding: 💬 “The first-instance court was obliged to hear the defendant again while ensuring the fulfillment of guarantees that the person whose extradition is sought gave consent voluntarily, was aware of its consequences, and that the given consent cannot be revoked.” Authorities in Montenegro arrested Kwon in March 2023 for using falsified travel documents while attempting to leave the country. He was sentenced to four months in prison, then released as courts weighed competing requests for extradition from the U.S. and South Korea. In April, a U.S. court found Terraform Labs and Kwon liable for fraud as part of a civil case brought by the Securities and Exchange Commission. A judge is scheduled to hear proposed remedies from the two parties in a May 29 hearing. As Montenegro’s courts tussle over Kwon’s extradition, it’s unclear whether he can assist in his defense in person in the U.S. or his native South Korea. If extradited to South Korea, Kwon faces an indictment for fraud and violations of capital markets law. $LUNC $LUNA #DoKwon
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