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📉 Solana’s Open Interest Plunges 21% as Price Dips Solana’s open interest (OI) has dropped 21% compared to the previous day, while its price has dipped below levels not seen in over a month.  Solana’s OI, which measures the total value of outstanding futures contracts, stood at $1.62 billion on April 14, down significantly from the previous day, according to CoinGlass data. This mirrors a broader decline across the cryptocurrency market, with top altcoins like XRP, Dogecoin, and Cardano also experiencing double-digit drops in the past 24 hours. Solana’s price has fallen 11% over the same period, currently trading at around $144. This price decline has erased $36.55 million worth of traders’ long positions, disappointing those hoping for a price spike leading up to the upcoming Bitcoin halving event. Despite the downturn, traders remain cautiously optimistic, viewing the current market conditions as a “good opportunity to scale into high conviction tokens.” However, on-chain analysis suggests that Bitcoin drawdowns have been much worse in previous “euphoria phases,” hinting that the altcoin market may have further to fall. $SOL #SOL #Solana⁩

📉 Solana’s Open Interest Plunges 21% as Price Dips

Solana’s open interest (OI) has dropped 21% compared to the previous day, while its price has dipped below levels not seen in over a month. 

Solana’s OI, which measures the total value of outstanding futures contracts, stood at $1.62 billion on April 14, down significantly from the previous day, according to CoinGlass data. This mirrors a broader decline across the cryptocurrency market, with top altcoins like XRP, Dogecoin, and Cardano also experiencing double-digit drops in the past 24 hours.

Solana’s price has fallen 11% over the same period, currently trading at around $144. This price decline has erased $36.55 million worth of traders’ long positions, disappointing those hoping for a price spike leading up to the upcoming Bitcoin halving event.

Despite the downturn, traders remain cautiously optimistic, viewing the current market conditions as a “good opportunity to scale into high conviction tokens.” However, on-chain analysis suggests that Bitcoin drawdowns have been much worse in previous “euphoria phases,” hinting that the altcoin market may have further to fall.

$SOL #SOL #Solana⁩

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisĂ©. Consultez les CG.
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đŸȘ™ Coin: BONK / USDT - LONG 📈 ⏱ Timeframe: 1h đŸ’Č Price: 0.00003881 🟱 Take Profit: 0.000042 (8.22%) 🔮 Stop Loss: 0.000035 (9.82%) The coin is in an uptrend as it is trading above SMA20, SMA50, EMA20, and EMA50. Additionally, the RSI is indicating bullish momentum with a value above 70. $BONK #BONK #signaladvisor
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📈 JASMY Price Surges 30% Over Last 24 Hours, Will Price of JasmyCoin Surge Past Previous ATH to Surpass $5 This Cycle? ● JasmyCoin surged by almost 30% over the last 24 hours and over 40% in the last 7 days. ● Will the price of JASMY break its previous ATH at $4.99 and surpass $5 this cycle? ● JASMY price and other altcoin mimic BTC and ETH charts printing bullish signals. The crypto market continues a bullish rally towards new highs as Bitcoin BTC and Ether ETH head towards printing new highs. This bullish wave is reflected on popular altcoins like JASMY with over 40% increase over the last week. In detail, the renowned crypto analyst Doctor Profit, known for his accurate price predictions, draws attention to the price action of Bitcoin and Ethereum. Specifically, he highlights how both assets have reclaimed their ATHs from the last cycle.   💬 What we have seen till this day is nothing than reclaimming the all time high of 2022 for BTC and ETH only. What you have seen till this day is truly nothing, compared for what is coming in the next months Few understand — Doctor Profit 🇹🇭  To highlight, he talks of how for this cycle, the reclaiming of the previous ATHs is just the beginning. He then creates hype by saying that the market has seen nothing yet, and insinuates that what is coming in the next few months is nothing short of a string of ATHs for BTC price, ETH price, and likely every other altcoin price as well. In response to his tweet are similar bullish sentiments being expressed by the crypto community. Another point to support his prediction is that many altcoins are also printing bullish charts similar to that of Bitcoin (BTC) and Ether (ETH). For instance, JasmyCoin (JASMY) has been moving steadily high in the green region.  According to CoinMarketCap, the price of JASMY is $0.027 indicating that the price of JASMY has surged up by almost 30% in the last 23 hours and over 40% in the last week alone. The ATh of JASMY is set at $4.99 and with a market cap of $1,369,461,798 and a 24 hours trading volume of $387,390,738, $JASMY #JASMY
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đŸ€” XRP Price Dips: Another Setback or a Buying Opportunity? ● XRP is showing a few bearish signs from the $0.5420 zone. ● The price is now trading below $0.5350 and the 100-hourly Simple Moving Average. ● There was a break below a key contracting triangle with support at $0.5360 on the hourly chart of the XRP/USD pair (data source from Kraken). ● The pair could gain bearish momentum if it stays below the $0.5420 resistance zone. 🔾 XRP Price Faces Rejection After a close above the $0.5320 level, XRP price extended its increase like Bitcoin and Ethereum. However, the bears were active near the $0.5420 resistance zone. A high was formed at $0.5422 and the price started a downside correction. There was a move below the $0.5320 support zone and the 23.6% Fib retracement level of the upward move from the $0.5028 swing low to the $0.5422 high. Besides, there was a break below a key contracting triangle with support at $0.5360 on the hourly chart of the XRP/USD pair. The pair is now trading below $0.5350 and the 100-hourly Simple Moving Average. Immediate resistance is near the $0.5320 level. The first key resistance is near $0.5420. A close above the $0.5420 resistance zone could send the price higher. The next key resistance is near $0.5450. If the bulls push the price above the $0.5450 resistance level, there could be a steady increase toward the $0.5550 resistance. Any more gains might send the price toward the $0.5740 resistance. đŸ”» More Losses? If XRP fails to clear the $0.5420 resistance zone, it could start another decline within the range. Initial support on the downside is near the $0.5225 level and the 50% Fib retracement level of the upward move from the $0.5028 swing low to the $0.5422 high. The next major support is at $0.5120. If there is a downside break and a close below the $0.5120 level, the price might gain bearish momentum. In the stated case, the price could decline and retest the $0.5025 support in the near term. $XRP #XRP
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🐾 PEPE surges 33% in 5 days: Are new highs coming? Pepe saw another all-time high.Its Open Interest was also nearing its all-time high. Pepe [PEPE] can’t be stopped, can it? It has reached several all-time highs in price over the past few days and has just climbed to another one. These changing ATHs have also boosted the interest and trading volume for the memecoin. 🔾 Pepe hits another ATH The chart illustrated a remarkable pattern, where each new all-time high (ATH) was swiftly followed by the formation of another ATH in almost the subsequent trading session. Using the price range tool, it was evident that PEPE had surged by over 33% between the 21st of May and press time. At the time of writing, it was trading with an increase of over 1% at approximately $0.000015, marking yet another ATH. Additionally, the Relative Strength Index (RSI) indicated a strong bull trend, with a reading of over 75, signaling both bullish momentum and overbought conditions. There was also a recent surge in demand for it. 🔾 Pepe holders and volume increase Between the 15th of May to press time, the number of Pepe holders has surged by over 12,000. However, at the time of writing, this figure had risen to over 230,000, indicating a significant increase in demand for the memecoin as more traders entered the market. Moreover, its trading volume indicated heightened activity in recent days. The volume has consistently surpassed $2 billion, with a peak of over $4 billion observed on the 22nd of May. As of press time, the volume stood at over $1.5 billion. With such a high trading volume, Pepe may soon reach another all-time high (ATH). 🔾 Interest building up in Pepe Pepe’s Open Interest revealed a recent upward trend. According to Coinglass, it had surged to almost $160 million at the time of writing. The recent peak surpassed $163.5 million, marking the highest level in its history. This surge in Open Interest indicated a significant influx of cash into the memecoin at the moment. $PEPE #PEPE
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📈 Ethereum gains 5% in 24 hours: Start of post-ETF approval pump? The price of Ether (ETH) is closing in on $4,000 during early trading on May 27, rising 5% over the past 24 hours and prompting hope it could be the beginning of Ether’s post-ETF approval pump.  #ETH has climbed back above $3,900. Will we see $4K? This has given ETH a 27.5% gain over the past week, eclipsing Bitcoin (BTC), which has gained just 3.8% in the same timeframe. On May 27, analyst Matthew Hyland told his 143,000 X followers that ETH has confirmed a bullish divergence and a break of the downtrend with an increase in volume, further validating the breakout. The big weekly move has spurred a wave of predictions from industry analysts and observers. In a May 26 post on X, DeFiance Capital founder Arthur Cheong predicted that ETH would reach $4,500 even before spot ETFs are launched. He held a poll on X on May 25 asking how much ETH was allocated to his follower’s portfolios. Nearly half of the 5,800 respondents had between zero and 25% allocation, prompting Cheong to observe: “Just look at how much CT is underallocated to ETH,” Meanwhile, Ethereum educator Anothny Sassano predicted that MicroStrategy founder Michael Saylor would buy ETH within the next six to twelve months. Bitcoin prices surged more than 70% to an all-time high in the two months that followed the spot BTC ETF approvals in the United States. If Ether mimics BTC, a similar move could propel prices to an all-time high of around $6,000 by the end of July. Ether’s big move has had other effects on the crypto ecosystem. Decentralized finance (DeFi) total value locked has returned to its highest level for two years at $117 billion, with 60% of that locked on the Ethereum network, according to DefiLlama. Meanwhile, Ethereum layer-2 networks are nearing a collective all-time high in total value, locked at around $47 billion, according to L2beat. $ETH #ETH
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