Author: dfmines

Solana is currently trading above key demand levels, showcasing resilience after weeks of market uncertainty. However, the altcoin is yet to confirm a breakout from the daily downtrend that began in late November. As SOL continues to hover near critical technical levels, analysts and investors are closely watching for a decisive move that could signal the start of a massive rally into price discovery. Related Reading: Dogecoin ‘Looks Undeniably Impulsive’ – DOGE/BTC Ratio Uncovers Strong Accumulation Top analyst and trader Jelle recently shared a detailed technical analysis on X, highlighting that Solana has reclaimed crucial weekly and monthly support levels. According to Jelle, SOL’s ability to stay above these supports is a strong bullish indicator. This development has fueled optimism among investors who see Solana’s current consolidation as a setup for a significant breakout. Despite the positive signs, SOL needs to overcome its daily downtrend to confirm a bullish reversal. A clean breakout above this trendline would signal that momentum has shifted in favor of the bulls, setting the stage for a potential rally toward new highs. As the market sentiment improves and technical indicators align, Solana could soon become a leading asset in the crypto market’s recovery. The coming days will be pivotal in determining whether SOL can capitalize on its strong support levels and push higher. Solana Holds Key Levels – Breakout Looms Solana has shown renewed strength in the market, breaking above the critical $180 and $205 levels. This move has reignited investor confidence, with many viewing Solana as a trendsetter poised for further gains. After weeks of market uncertainty, SOL’s ability to reclaim these levels signals a potential bullish resurgence. Top analyst Jelle recently shared a technical analysis on X, emphasizing Solana’s strong position. He highlighted that SOL is back above crucial weekly and monthly support levels, adding that its current price action suggests readiness to push higher. According to Jelle, Solana’s technical indicators align with the possibility of reaching new all-time highs in the coming weeks. However, the path forward is not without challenges. Solana remains in a broader bearish structure that began in late November, and a clean breakout is required to confirm the start of a new upward trend. Overcoming this structure would establish clear bullish momentum and set the stage for a rally into price discovery. Related Reading: Ethereum Analyst Predicts A Bullish Q1 – Can ETH/BTC Ratio Push Above 0.04? The next few days will be critical for Solana as it navigates this pivotal moment. If the altcoin can maintain its momentum and break out of its bearish framework, it could solidify its position as a market leader, driving investor excitement for the rest of the year. Testing Key Demand To Push Up Solana (SOL) is currently trading at $214, testing the critical support of the 4-hour 200 moving average (MA). This level is a significant indicator of short-term momentum, and holding above it is essential for SOL to sustain its bullish structure. The market is watching closely to see if Solana can use this support as a springboard for a breakout. To reignite bullish momentum, SOL must break above the downtrend line that has defined its price action since November 22. A decisive move above this resistance would signal strength and pave the way for a rally. Analysts point to $230 as the crucial level to reclaim. If SOL manages to rise above this mark and hold it as support, the rally is expected to be both massive and fast, likely propelling the price into new highs. Related Reading: ETH Faces Aggressive Shorting As Taker Sellers Outpace Buyers By $350M Daily – Analyst However, risks remain if SOL fails to rise above $220. Such a scenario could indicate that the bearish structure is still intact, potentially sending Solana into a deeper correction. Maintaining support at the 4-hour 200 MA will be crucial to avoid further declines and keep investor optimism alive. The coming days will be pivotal for Solana’s price trajectory. Featured image from Dall-E, chart from TradingView

The Terraform Labs co-founder is in US custody after pleading not guilty to nine felony charges related to fraud at the platform.

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Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from the past week. This edition examines how El Salvador is now placing its Bitcoin-focused policy front and center in its international engagements, suggesting that there may be no turning back. Latam Insights Encore: Bragging Means There Is […]

Is there a recent benchmark of various Ethereum clients, specially on containing Reth and Nethermind submitted by /u/Apart_Expert_5551 [link] [comments]

The layer-1 network clocked nearly $3.8 billion in trading volume in the past 24 hours, according to DefiLlama.

Back in December 2024, the Dogecoin price entered the Gaussian Channel following a sharp decline in price as Bitcoin suffered multiple crashes. However, even though the entry was triggered by bearish forces, Dogecoin’s entry into the Gaussian Channel was bullish and showed a tendency to recover quickly from dips. This is because the Gaussian Channel can act as a bounce-off point to possibly send DOGE soaring toward new all-time highs. Dogecoin Gaussian Channel Flashes Green Over the last few weeks, the Dogecoin price has been trending in the Gaussian Channel, showing evidence of bullishness but not quite completing the move. However, this is beginning to change as, for the first time, the Dogecoin Gaussian Channel has turned green. Related Reading: Dogecoin Weekly RSI Approaches The MA Line, Can Price Resume Uptrend To Break $0.74 ATH? According to crypto analyst Trader Tardigrade, the Dogecoin Gaussian Channel recently flashed green, and this happened on the 4-hour chart. This development points to a possible breakout of the channel that has persisted for the last three weeks. It also signals the start of a possible upward move that could push the price above the coveted $1 level. Initial targets for the Dogecoin price from here put it toward $0.5, where the most resistance currently lies for the DOGE price due to its recent peak. Once a break above the resistance is achieved, the analyst’s chart shows a massive continuation that could push the price further. At the top of the breakout is the $1.4 target, which is an over 200% move from the current price. This target is in line with the analyst’s previous predictions for DOGE, saying that the leading meme coin was set to hit a new all-time high price soon. Analysts Bullish On DOGE Price Despite the crash that rocked the Dogecoin price back in December 2024, crypto analysts have remained quite bullish on the meme coin. Crypto analyst Dima James shared in December that the Dogecoin price could reach double-digits this cycle. Related Reading: Litecoin Sees 2M Bollinger Bands Tighten – What A Move Above $130 Will Mean For Price James used historical data to back up his prediction, showing that DOGE has a history of massive surges. Mainly, these surges happen on a 4-year cycle and with the last major surge happening in 2021, it means 2025 is next in the 4-year cycle. If this is correct, then the DOGE price could be seeing a new all-time high in the first quarter of 2025. In another analysis reported by NewsBTC, a crypto analyst predicted that the DOGE price could rise as high as $5, forecasting a 1,500% move for the meme coin. This time around, the analyst puts the timeline somewhere between March and April, giving only a few months for this prediction to materialize. At the time of writing, Dogecoin was trading at $0.383, 48% below its all-time high price of $0.7376 recorded in May 2021. Featured image created with Dall.E, chart from Tradingview.com