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Solana Price Prediction as $6.5 Billion Trading Volume Sends SOL Above $140 – Are Whales Buying?#bitcoinhalving #BullorBear #Memecoins #WIF #SHIB With a significant 24-hour trading volume of $2.97 billion and a price surge to $151.34, Solana showcases robust market performance.This 5% increase over the last day has propelled Solana‘s market capitalization to approximately $67.62 billion, cementing its position as the fifth largest by market cap.As market watchers closely monitor these developments, Solana price predictions become increasingly optimistic, let’s take a look at Solana’s technical outlook. Solana Price Prediction Solana’s pivot point set at $147.20 with an immediate resistance at $164.56, with further hurdles at $185.94 and $204.26. Should the momentum continue, crossing these barriers could indicate a stronger bullish trend for Solana. Conversely, support levels are identified at $126.23, followed by $110.96 and $92.64. These levels could provide significant bounce-back points if downward pressures emerge. The Relative Strength Index (RSI) currently sits at 39, suggesting that Solana is nearing oversold conditions, which may prompt buying interest if it dips further. Additionally, the 50-Day Exponential Moving Average (EMA) at $156.28 presents a potential resistance level. The EMA’s proximity to the current price implies that Solana is testing significant technical thresholds.In conclusion, while the current outlook for Solana is bullish above the $147.20 pivot, a drop below this mark could trigger a sharper sell-off.Investors and traders will be watching these levels closely, as a breakout could lead to further gains, while failure to hold could see Solana retreating to lower support zones.The key will be whether Solana can sustain its upward momentum amidst the broader market conditions and overcome the resistance posed by the 50-day EMA.

Solana Price Prediction as $6.5 Billion Trading Volume Sends SOL Above $140 – Are Whales Buying?#bitcoinhalving #BullorBear #Memecoins #WIF #SHIB With a significant 24-hour trading volume of $2.97 billion and a price surge to $151.34, Solana showcases robust market performance.This 5% increase over the last day has propelled Solana‘s market capitalization to approximately $67.62 billion, cementing its position as the fifth largest by market cap.As market watchers closely monitor these developments, Solana price predictions become increasingly optimistic, let’s take a look at Solana’s technical outlook.

Solana Price Prediction

Solana’s pivot point set at $147.20 with an immediate resistance at $164.56, with further hurdles at $185.94 and $204.26.

Should the momentum continue, crossing these barriers could indicate a stronger bullish trend for Solana. Conversely, support levels are identified at $126.23, followed by $110.96 and $92.64. These levels could provide significant bounce-back points if downward pressures emerge.

The Relative Strength Index (RSI) currently sits at 39, suggesting that Solana is nearing oversold conditions, which may prompt buying interest if it dips further. Additionally, the 50-Day Exponential Moving Average (EMA) at $156.28 presents a potential resistance level.

The EMA’s proximity to the current price implies that Solana is testing significant technical thresholds.In conclusion, while the current outlook for Solana is bullish above the $147.20 pivot, a drop below this mark could trigger a sharper sell-off.Investors and traders will be watching these levels closely, as a breakout could lead to further gains, while failure to hold could see Solana retreating to lower support zones.The key will be whether Solana can sustain its upward momentum amidst the broader market conditions and overcome the resistance posed by the 50-day EMA.

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Will Polygon Get Back To $1? Or Are Rollblock and DOGE More Likely To Break The Dollar Mark? #MemeWatch2024 #CMEBitcoinSpotTrading #BinanceLaunchpool #buythedip #BTC Polygon has been one of the worst-performing cryptocurrencies over the last year. Its value has plummeted by 20%, and Polygon’s (MATIC) trading volume has crashed as investors lose confidence. With a potential bull run incoming, investors are asking if Polygon will recover or if Dogecoin (DOGE) and Rollblock (RBLK) could be stronger investments. At first glance, Dogecoin and Rollblock appear to be better options, having both seen strong returns over the past month. Polygon Continues To Crash Despite Trading Volume Increases Polygon’s trading activity increased dramatically during the first two weeks of May. Whale transactions were up by 2% and Polygon’s daily trading volume was also rising. However, following a fortnight of disappointing returns, investors are losing confidence in Polygon. Over the last month, Polygon’s price has decreased by 3.07%. This decrease has worsened over the past week, with an additional 1.91% decline while other altcoins have started to rally. With Polygon now trading at $0.6692, experts fear additional decreases could take MATIC as low as $0.60. Dogecoin Breaks Key Resistance Cryptocurrency analyst Kevin recently predicted that Dogecoin needs to break above its $0.153 resistance level to gain any additional momentum. Following a 2.12% increase over the last 24 hours, Dogecoin has broken this level and is now trading at $0.159. This could trigger an additional rally over the next week, pushing Dogecoin up an additional 10%.Over the past 24 hours, Dogecoin’s daily trading volume is up by 10.07%, suggesting that a bullish sentiment could be building around the meme coin. With this in mind, many investors are buying Dogecoin (DOGE) to capitalize on a potential upcoming rally.
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Worldcoin Consolidates Below $5 Amid New SMPC System, Deletes Iris Codes - Can It Trigger Bullish Breakout Amid Regulatory Hurdles?#CMEBitcoinSpotTrading #MemeWatch2024 #BinanceLaunchpool #BTC #MicroStrategy In a move to enhance data privacy and security, the Worldcoin Foundation has unveiled a new open-source system based on Secure Multi-Party Computation (SMPC) for handling biometric information more safely. This development comes amid increasing regulatory scrutiny and concerns around biometric data and personal data protection.As of press time, Worldcoin is trading at $4.89, down 1.94% in the last 24 hours. It has a market cap of $1 billion and a 24-hour volume of $181 million, a 31% drop in the same 24 hours. Worldcoin has faced probes in various countries, including Germany, Argentina, as well as a ban in Kenya. Recently, regulators in Spain and Portugal alleged that children were allowed to submit to eye scans and obtain a blockchain-based identity, leading to orders to stop collecting data. Worldcoin has been compelled to continue building new technologies that align with stringent data protection measures. The foundation, in collaboration with TACEO, has successfully applied the new SMPC system for Machine Learning to Iris codes, enabling the establishment of an individual's uniqueness while prioritizing data security. As part of this transition, the Worldcoin Foundation has successfully deleted the previously collected iris codes while retaining the ability to establish uniqueness among individuals. The new open-source software is currently available in the GitHub repository, allowing interested developers to use and improve the system. By open-sourcing the SMPC system, Worldcoin aims to establish a new standard for data security and encourage transparency and collaboration within the developer community.the Worldcoin Foundation made several significant announcements, including the opening of applications for Wave 1 of the Worldcoin Foundation Community Grants Program and the introduction of World Chain, a new designed specifically for humans.
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Floki Inu surges 21.75% in 7 days: Should you sell or wait for more gains? #notcoin #MemeWatch2024 #altcoins #BinanceLaunchpool #BTC FLOKI’s price surged significantly over the past week as interest in the token grew.Network growth declined, indicating a waning interest from new users.Floki Inu [FLOKI] has been one of the memecoins that has been competing for the top spot for quite some time. FLOKI dominates the market Despite FLOKI’s attempts to grow, new and popular entrants have continued to take away market share from the FLOKI token. However, the tides for FLOKI changed over the last week.According to CoinMarketCap’s data, FLOKI witnessed a 21.75% surge in price over the last seven days. It was the third-highest cryptocurrency that appreciated so much during this duration. Since the beginning of May, the price movement of FLOKI has largely been positive. It has shown multiple signs of higher highs and higher lows, indicative of an upcoming bullish trend. If FLOKI manages to test the $0.00023076 levels again, it could surge past the resistance and aim for the $0.00025780 level in the future.Despite the surge in FLOKI’s price, the CMF (Chaikin Money Flow) for the FLOKI token had fallen significantly to -0.12 levels. This indicated that the money flowing into FLOKI had fallen significantly.The RSI (Relative Strength Index) for FLOKI had declined materially as well, implying that the bullish momentum around the token had taken a hit.Despite the surge in price, it was seen that it was mostly long positions that were getting liquidated. This could be attributed to traders taking highly leveraged bets on FLOKI. Due to this, the sentiment of traders turned negative. According to Coinglass’ data, the number of short positions taken against FLOKI had surged in the last few days.This indicated that there was a rise in bearish sentiment, and traders were expecting FLOKI’s price to drop. Even though the price of FLOKI had surged, the Network Growth had declined significantly, suggesting that the number of new addresses using FLOKI had fallen.
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Why Ethena (ENA) Is Up By 10% Today !! #notcoin #ETHETFS #altcoins #BinanceLaunchpool #BTC Ethena (ENA) experienced a significant surge in price today, of more than 10%, At the moment of writing this article, ENA is trading at $0.78, with a total market cap of almost $1.2 billion. On May 16, Ethena Labs shared that to date, the sUSDe contract has received protocol yield attributable to assets backing staked USDe, with the protocol retaining the remainder going to the sUSDe contract. They noted that as a result sUSDe APY is 37.2%. To date the sUSDe contract has received protocol yield attributable to assets backing staked USDe, with the protocol retaining the remainder As of today, the retained portion is reduced to 20%, with the remainder going to the sUSDe contract. The team noted that currently only 15% of USDe is staked in sUSDe. If the entire protocol backing generates about 7%, transferring returns from assets backing unstaked USDe to the staking contract, this will increase effective sUSDe APY to 37%. Ethena Labs notes that if the average protocol return since launch of 23%, the implied sUSDe yield would increase to about 125%. This is a direct result of the low percentage of sUSDe being stakes and as the stake rate increased, the potential increase in sUSDe will be reduced. The team also noted that as of the beginning of June, the Ethena Governance Committee will be in place with several of the leading risk management advisory businesses in the space, and at that point, the governance will play a more involved role in deciding the ongoing retention of the protocol returns.Ethena launches on Bybit next week, where USDe can be used across the platforms as collateral. BitMEX founder, Arthur Hayes recently shared his belief that ENA will reach $10.Ethena is a synthetic dollar protocol built on Ethereum that provides a crypto-native solution for money that is not reliant on traditional banking system infrastructure, alongside a globally accessible dollar-denominated savings instrument – the Internet Bond.
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Worldcoin (WLD) Price Plummets Amid Bearish Flag Pattern: Will Support Hold ? #notcoin #ETHETFS #altcoins #BinanceLaunchpool #BTC Worldcoin (WLD) has been in a bearish trend in the last 24 hours, experiencing a 0.63% decline to settle at $4.89 as of press time. The price touched a support level around $4.70, indicating a potential floor where buying interest re-emerges, while resistance was observed near $5.00, suggesting increased selling pressure at this level. Throughout the day, Worldcoin fluctuated, hitting an intraday low of $4.8521 and a high of approximately $4.9215. This fluctuation within a narrow range highlights the ongoing consolidation phase. The trading volume saw a substantial drop of 41.68%, decreasing to $309,208,509. This significant reduction in volume indicates waning interest or possibly a consolidation phase, contributing to the overall bearish sentiment. The Worldcoin price chart indicates a bearish flag pattern, a continuation pattern suggesting the potential for further downward movement. Currently priced at $4.899, the coin has been consolidating within a defined range. The bearish flag is characterized by parallel, downward-sloping trendlines, which typically form after a steep initial decline. Significant support levels are identified at $4.50 and $4.00, which have been tested multiple times, indicating strong buyer interest at these points. Conversely, resistance levels are around $6.00 and $7.00. The price has struggled to break above these levels, suggesting persistent selling pressure. A breakout above these resistance levels could signal a potential reversal, but the prevailing pattern indicates more downside risk. indicators provide additional insights into the bearish trend. The Relative Strength Index (RSI) is at 49.74, indicating neutral momentum. This suggests that the market is neither overbought nor oversold, but the RSI’s position points towards caution among traders. In addition, the Money Flow Index (MFI), standing at 39.88, reflects relatively low buying pressure.
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