SOLProjects
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#SolanaInvesting
#SOLProjects
#Solana gains momentum following Solana-Bitcoin cross-chain announcement.
Solana (SOL) has gained #bullish momentum as the Zeus Network plans to connect it with the #Bitcoin #blockchain
SOL is up by 4% in the past 24 hours and is trading at $129.9 at the time of writing. The asset’s market cap surpassed the $58 billion mark with a daily train volume of $4.1 billion.
According to data provided by #Santiment , the SOL total open interest has been consistently declining over the past 10 days — falling from $1.63 billion on April 22 to $1.35 billion at the reporting time.
The declining open interest could potentially indicate less price volatility and liquidations.
Moreover, data from the market intelligence platform shows that the ratio of long to short trading positions on Binance has been cut in half since April 29 as the SOL price continued its downward momentum. This shows more trading contracts have been betting against a price hike.
Per Santiment, the SOL Relative Strength Index (RSI) surged from 43 to 50 over the past 24 hours. The indicator suggests that the asset is neither undervalued nor overvalued at this price point due to the bearish market conditions.
For SOL to stay in the bullish zone, its RSI would need to remain below the 50 mark. An RSI of over 50 could also suggest higher price volatility and even whale manipulation.
The bullish sentiment toward SOL comes after Zeus Network announced to potentially make Solana “the Layer 2 solution for all blockchains” with ZPL (Zeus Program Library) and assets powered by the so-called permissionless communication layer.
In simple terms, users could convert assets like BTC into a ZPL-Asset, zBTC for example, and gain access to the Solana ecosystem, per the announcement
stay tuned and follow
thanks
#SOLProjects
#Solana gains momentum following Solana-Bitcoin cross-chain announcement.
Solana (SOL) has gained #bullish momentum as the Zeus Network plans to connect it with the #Bitcoin #blockchain
SOL is up by 4% in the past 24 hours and is trading at $129.9 at the time of writing. The asset’s market cap surpassed the $58 billion mark with a daily train volume of $4.1 billion.
According to data provided by #Santiment , the SOL total open interest has been consistently declining over the past 10 days — falling from $1.63 billion on April 22 to $1.35 billion at the reporting time.
The declining open interest could potentially indicate less price volatility and liquidations.
Moreover, data from the market intelligence platform shows that the ratio of long to short trading positions on Binance has been cut in half since April 29 as the SOL price continued its downward momentum. This shows more trading contracts have been betting against a price hike.
Per Santiment, the SOL Relative Strength Index (RSI) surged from 43 to 50 over the past 24 hours. The indicator suggests that the asset is neither undervalued nor overvalued at this price point due to the bearish market conditions.
For SOL to stay in the bullish zone, its RSI would need to remain below the 50 mark. An RSI of over 50 could also suggest higher price volatility and even whale manipulation.
The bullish sentiment toward SOL comes after Zeus Network announced to potentially make Solana “the Layer 2 solution for all blockchains” with ZPL (Zeus Program Library) and assets powered by the so-called permissionless communication layer.
In simple terms, users could convert assets like BTC into a ZPL-Asset, zBTC for example, and gain access to the Solana ecosystem, per the announcement
stay tuned and follow
thanks
📈TRADE- $SOL (FUture)
#longtrade #freeesignal
👉 Type - Long⏳
Entry:138
Targets:142-162
🛑Stop loss:$ 134.5 ( SL Must Use )
👉disclaimer : All the candle zone i was given, these all my personal analysis.You have to follow my prediction with your own risk. Buy/Sell/Trade at your own risk. I am not a financial Advisor.🙂
#SOLUSDT! #SOLProjects #solusdt
#longtrade #freeesignal
👉 Type - Long⏳
Entry:138
Targets:142-162
🛑Stop loss:$ 134.5 ( SL Must Use )
👉disclaimer : All the candle zone i was given, these all my personal analysis.You have to follow my prediction with your own risk. Buy/Sell/Trade at your own risk. I am not a financial Advisor.🙂
#SOLUSDT! #SOLProjects #solusdt
$BTC $SOL $WIF 3 Trending Altcoins To Buy Making You Rich In 2024 Bull Run
The Solana ecosystem is seeing significant growth, with SOL, WIF, and BONK as the top altcoins to buy that will make you rich in the 2024 bull market.
Solana's robust growth fuels optimism in its financial future.
Dogwifhat's rapid value increase highlights meme coin potential.
Bonk's unique distribution strategy drives quick market adoption.
#buythedip #SOLProjects #memecoin🚀🚀🚀 #SolanaInvesting
The Solana ecosystem is seeing significant growth, with SOL, WIF, and BONK as the top altcoins to buy that will make you rich in the 2024 bull market.
Solana's robust growth fuels optimism in its financial future.
Dogwifhat's rapid value increase highlights meme coin potential.
Bonk's unique distribution strategy drives quick market adoption.
#buythedip #SOLProjects #memecoin🚀🚀🚀 #SolanaInvesting
#MyFirstFeedPost Hello, Binance Square!
Most people know how to make money only when the market is going up’ and they live in terror of the market coming down. If a person understand technical investing, he or she has the skills to make money when the market goes down as well as when it goes up.
Losing investor ——— loses —— loses
Average investor ———. Wins —— loses
Qualified investor——— Wins ——— Wins
#SolanaStrong #BTC #SOLProjects
Most people know how to make money only when the market is going up’ and they live in terror of the market coming down. If a person understand technical investing, he or she has the skills to make money when the market goes down as well as when it goes up.
Losing investor ——— loses —— loses
Average investor ———. Wins —— loses
Qualified investor——— Wins ——— Wins
#SolanaStrong #BTC #SOLProjects