Solana's futures trading volume has surged over 100% on major exchanges like Binance and OKX, yet its price remains steady near $75.30. This disconnect suggests increased speculative activity without strong buying demand, while a high ratio of long positions raises the risk of a sharp price correction if key support levels break. Recent liquidations of $6 million in Solana positions highlight this vulnerability. Technical indicators show Solana trading below key moving averages, with support around $74-$75; a drop below could lead to further declines toward $70-$72, while a breakout above $78-$80 is needed to confirm stronger buying momentum.
Bitcoin is approaching a critical resistance zone between $82,000 and $83,000, with a weekly close above this level seen as confirmation of a new bullish phase. The cryptocurrency has reclaimed its 50-week moving average around $77,500-$78,000, a his...
Bitcoin surged close to $87,400, pushing the crypto market near a $3 trillion cap, driven by $558 million in liquidations mainly from short positions. Institutional investors fueled the rally with over $1.9 billion in spot ETF inflows, especially int...
Raydium (RAY) surged 10% in 24 hours to $1.76, outperforming the crypto market by nearly 4%. This rise is driven by Raydium's key role in supporting Injective's Solana expansion and handling 64% of StonkFun's $2.67 billion trading volume, highlightin...
The cryptocurrency market briefly surpassed a $3 trillion valuation, driven by Bitcoin reaching around $86,000, its highest since late January. Major altcoins like DOGE, XRP, and Solana also saw significant gains, while nearly $920 million in short p...
Bitcoin recovered from Asian-session lows to trade near $86,000, supported by falling oil prices and strong stock markets that boosted risk appetite. The drop in oil prices below $90 a barrel eased inflation concerns and reduced the likelihood of fur...
