📈 Bitcoin has entered a “hot momentum” phase (overbought ph

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🔥 Top cryptocurrencies to watch this week: SOL, BONK 📈 SOL retests 1-month high Solana (SOL) emerged as one of the top cryptocurrencies last week, despite experiencing range-bound movements initially. It began the week below the critical $150 threshold and struggled to show strength amid bearish conditions in the broader market. Following Bitcoin’s (BTC) significant 7.52% gain on May 15 in response to the U.S. CPI data release, the broader market experienced an impressive uptrend. Solana capitalized on this momentum, achieving an 11.61% upswing. It ultimately broke above the resistance at the upper Bollinger Band on the daily chart. When trading platform Robinhood launched a Solana staking program in Europe, the coin closed May 15 at a $158 price, looking to ride on the existing uptrend for more substantial gains. The asset recorded three consecutive intraday gains from May 16 to 18, breaching the much-coveted $170 territory to retest a one-month high of $176. Solana closed last week with a 21% uptick, making it one of the best-performing assets within this period. 📈 BONK breaches 50-day EMA Bonk (BONK) also began last week with a bearish consolidation following the downtrend observed in the previous week. But the meme coin capitalized on the market resurgence on May 15 to record an 8.42% daily gain, closing the day at $0.00002153. This upswing led to a confident breach of the 50-day EMA, which BONK has been battling to surpass since May 10. The crypto token soared to a 10-day high of $0.00002648 the next day, but the resistance at this price level resulted in a price slump, leading to a 3.9% intraday loss on May 16. Despite this loss, BONK remained above the 50-day EMA, suggesting a retention of the bullish momentum. The next two days were particularly favorable, bringing in a 9.88% gain. With BONK changing hands at $0.00002601, the bulls would look to break above the resistance at the upper Bollinger Band ($0.00002748) to sustain the uptrend. $SOL $BONK #SOL #BONK

📊 Polkadot Price Recap: $DOT Trades Back Above $7 Polkadot (DOT) continues the battle to keep above the $7 mark. DOT started the week off trading below its support level, regaining its strength to gain 4% over the past week. The battle continues as Polkadot claws its way back to trade above $7. The coin saw a good week, gaining 4.08% in the past seven days, at $7.02. 🔸 Polkadot ($DOT) Barely Maintains Recovery Polkadot (DOT) Barely Maintains Recovery After starting the week close to its bearish support level of $6.40, DOT managed to recover over the week to trade above $7. The week started with a volatile session in which DOT traded between $6.48 and $6.83. Monday’s session eventually settled at $6.67. Sellers took control of the price on Tuesday, pushing DOT down by almost 3% to $6.48. The Wednesday session saw DOT rebound from its support level. DOT’s price rose above the $7 mark, settling at $7.03. Friday’s session saw the price settle higher at $7.20, with Saturday’s session ending around a similar price. On Sunday, sellers appeared to gain control, with $DOT hovering between $7.00 and $6.99, dropping by 2.45%. 🔸 User Engagement At A Record High $DOT’s upward momentum this week appeared to be spurred by high user engagement and activity on Polkadot, with active address hutting an all-time high for a second consecutive month. By the end of April, the network recorded 650,000 active addresses, significantly higher than in March. 🔸 The rise in active addresses is attributed to Polkadot’s parachain, Moonbeam. Polkadot’s good week has further driven an announcement by the Founder Institute. The Founder Institute announced it entered a strategic partnership with Polkadot to lead the first Web3 cohort within its Core Program. $DOT #DOT #Polkadot

📈 Is the next upward impulse near? It looks like history is repeating itself. In this case, after a slight consolidation, Bitcoin has a chance to fly up, notes trader Jelle. Do you support this opinion?

💥 Dogwifhat (WIF), PEPE and Other Meme Coins Eye Epic Dump Amid Market Chaos Past week has been a roller-coaster ride for meme coins, with Dogwifhat (WIF) and PEPE taking center stage amid market chaos. WIF, a popular meme token on Solana, experienced a staggering 25% decline in value, plummeting from its weekly peak of $3.4. Similarly, another Solana-based meme coin, POPCAT, saw a substantial drop of 34%, reaching its lowest levels since mid-April. Meanwhile, the Ethereum-based PEPE token, which had soared to new heights earlier in the week, faced an 18.5% sell-off, shaking investor confidence. Against this grim backdrop, the crypto space began to be full of news and information about the actions of the largest holders of these cryptocurrencies that somehow influenced these price perturbations. Thus, Lookonchain's reports revealed a whale's strategic move to offload 1.7 million WIF at a loss, swapping them for other meme coins on Solana following the price dip. This action not only impacted WIF but also influenced the prices of other meme tokens, including BONK. Another whale incurred losses selling WIF and POPCAT. Will meme coins like WIF and PEPE be able to recover from these significant losses? What strategies will major token holders employ to navigate the current market volatility? $PEPE $WIF #PEPE #WIF

🔷 Coinbase Analysts Say What SEC Will Approve Ethereum ETF Coinbase analysts said, that Ethereum spot ETFs will be approved despite no comment from the SEC. 🗣 “As crypto begins to take shape as an election issue, we are also not confident that the SEC will be willing to provide the proper arguments that could ensure ETF applications are rejected,” said Coinbase analyst David Hahn. 🏠 He added that if the SEC rejects the ETF on the first deadline, May 23, “there is a strong possibility that litigation could overturn that decision.” $ETH #ETH #Ethereum

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