Unravelling Solana's Price Dynamics: A Technical Analysis and Growth
Solana price went clearly according to our May forecast for it. The growth at the peak amounted to +4.98%. But the main thing is that the direction of movement was predicted by us. The bearish variant of the "squeeze" pattern in the form of the "head and shoulders" formation turned out to be a fake ☄️, as we said. Similar to the situation on Bitcoin, the price terminated sideways. The bears failed to break the support zone around ~$163 and ~$166 🕯levels. The price went up, reached the upper boundary of the sidewall at ~$175. The next step for Solana is the beginning of growth at the breakdown of resistance ~$175 🔼
Institutional Giants BlackRock and Fidelity Boost Bitcoin with Major Purchases
As BTC surged above $71k, net inflows into spot Bitcoin ETFs totalled $887 million - the second-largest one-day inflow in BTC ETF history. BlackRock bought 3,900 BTC yesterday, while Fidelity bought around 5,400 BTC. $BTC #BTC #bitcoinnewsupdate #ETH🔥🔥🔥🔥 #InstitutionalCapital
According to forecasts from Galaxy Digital, an orypto investment company, Bitcoin $BTC will see an increase of more than 74% during its first year of ETF introduction.
The $BTC price goes above $30000 and Morgan Stanley analysts say that the end of the crypto winter is imminent.
Great news: Analysts at investment bank Morgan Stanley believe that the bearish trend in the cryptocurrency market may be coming to an end. “Based on current data, signs indicate that crypto winter may be in the past and that crypto spring is likely on the horizon,” the company’s analysts pointed out.
And the main growth of the cryptocurrency market can be expected after the halving in April 2024. We’re waiting impatiently 💪
Crypto Speak: MoonshotA “moonshot” is an exponential increase in the price of a particular cryptocurrency. When you see news that some token has grown by +10,000% in 24 hours, you’re looking at a true moonshot.Often, moonshots happen against the backdrop of unexpected news and events—e.g., hype around artificial intelligence technologies starts making its rounds, with AI-related tokens surging in response. Meanwhile, a lot of scammers start creating their own tokens with the AI theme baked into
VanEck, with more than 80 billion dollars under management worldwide, declares on X: “I don’t think you are prepared for our posts on Bitcoin. We had over 7 years of pent up emotions” $BTC #bitcoin #cryptowhale
The MultiverseX blockchain has just entered into a strategic partnership with Google Cloud to provide Web3 developers with the tools they need to build and deploy more robust and scalable applications. #Web3 #Google #Evolution #Learn #Blockchain