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👨‍⚖️ Fed keeps rates !! The US Federal Reserve decided to leave the rate at 5.25%-5.5%. The results were in line with market expectations, but we received little reaction to the news. Perhaps we'll find the bottom now. But don’t forget that a correction of 30% ($50k per cue ball) is an absolutely normal phenomenon before growth, so you also need to be prepared for it 🥴 $BTC #BTC‬ #bitcoin

👨‍⚖️ Fed keeps rates !!

The US Federal Reserve decided to leave the rate at 5.25%-5.5%. The results were in line with market expectations, but we received little reaction to the news.

Perhaps we'll find the bottom now. But don’t forget that a correction of 30% ($50k per cue ball) is an absolutely normal phenomenon before growth, so you also need to be prepared for it 🥴

$BTC #BTC‬ #bitcoin

Aviso legal: Se incluyen opiniones de terceros. Esto no respresenta una asesoría financiera. Puede haber contenido patrocinado. Lee los TyC.
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📣 Investors See Opportunity in Solana’s Recent Dip Cryptocurrency markets experienced a brief pause in the altcoin recovery over the weekend as Bitcoin (BTC) faced resistance at the $67,500 mark. Bitcoin saw a minor decline of 0.2%, while Solana (SOL), the fifth-largest cryptocurrency, dropped over 2% to trade at $169. Despite this dip, investors view it as an opportunity for a rebound, especially considering the robust performance earlier in the month. 🔸 Recovery Process in Solana The initial three weeks of May were notably bullish for Solana (SOL), with its price surging from $112 to $168, marking a 50% increase. Investors are optimistic that this recent decline may allow for a renewed recovery as the new week begins. This positive trend, characterized by a strong higher low, suggests investor accumulation during market dips, potentially shifting market dynamics in favor of buyers. Additionally, the rising price has formed an inverse head and shoulders pattern, often seen as a bullish indicator pointing to a potential bottom formation for Solana. This technical pattern suggests that the cryptocurrency may be poised for further gains if current levels hold. 🔸 $Critical Formation in SOL On May 17, Solana’s price broke through the $160 neckline resistance, confirming a bullish trend. Should this pattern continue, buyers may drive the post-breakout rally to $210, representing a potential 24% gain. However, Bitcoin’s stabilization below $67,600 has led to some general supply pressures, causing SOL to rise modestly to $169. This minor pullback may serve as a test of the token’s sustainability above $160, establishing a solid support level for further appreciation. Conversely, a break below the neckline could invalidate the bullish outlook and potentially pull Solana back to $138. Thus, the cryptocurrency’s future direction hinges on maintaining or surpassing the current support levels. $SOL #SOL
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🦊 Shiba Inu: Shibarium transactions decline massively: Will it affect SHIB? Shibarium, the Layer-2 blockchain for Shiba Inu, has seen a big drop in transactions by 97%.SHIB’s price has increased by 10% over the last month, maintaining its market rank at No. 12 with a $14.6 billion cap. Shibarium, the Layer-2 blockchain underpinning the popular meme coin Shiba Inu [SHIB], is experiencing a huge drop in transaction activity.  For about a month now, transaction volumes have plummeted dramatically by nearly 97%. This decline has triggered an examination into the state of Shibarium and its potential impact on SHIB’s price. Despite these challenges, the overall transaction volume on Shibarium since its launch last August reflects a total of 417,479,277 transfers, so there is a slow but steady growth in activity, year-on-year. 🔸 A closer look at the tumble The transaction peak on Shibarium reached an all-time high of 562,990 daily transactions on the 17th of April. Fast-forward to today, and the figure has drastically fallen to just 11. The press time price of Shiba Inu stood at $0.0000248, with SHIB maintaining its position as the 12th ranked cryptocurrency in terms of market capitalization, which was around $14.6 billion at press time.  Despite the transaction slowdown, SHIB has seen a price increase of 10% over the past month and a modest 2.44% rise over the last seven days. These price movements tell us that investor sentiment may still be relatively bullish on the second-largest meme coin. The press time market sentiment towards Shiba Inu, as indicated by technical indicators, remained overwhelmingly bullish with an 83% bullish rating. Additionally, the Fear & Greed Index shows a score of 73, classified under ‘Greed’. The bulls were still in control. 🔸 How SHIB is doing now Coinglass data showed that there has been a 19.24% drop in trading volume, coupled with a slight 1.58% decline in Open Interest. This reflected reduced trading activity and potentially waning short-term interest among traders. $SHIB #SHIB
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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
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📊 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
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