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NewGenIvf to invest $30m in Solana staking strategy
NFT Gaming

Solana indicators point north, bulls test $165 target

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Solana rallied nearly 5% on Friday, down almost 10% in the past week. The Ethereum competitor will likely rally towards its $165 target, a 13% rally within the next week. While Ethereum draws the interest of institutional investors, Solana is competing through partnerships and decentralized applications on the blockchain. 

Solana price forecast 

According to technical indicators on the SOL/USDT daily price chart, Solana (SOL) could soon observe a trend reversal. SOL is trading at $149.92, and the Ethereum (ETH) competitor could rally 13% and test resistance at $170, the upper boundary of the FVG on the daily price chart. 

Above $170, there are two key resistances: R1, which is the psychologically important price level of $200, and R2, which is the lower boundary of an FVG on the daily price chart, at $218.40. 

The RSI on the SOL/USDT price chart reads 39 and slopes upwards. MACD flashes red histogram bars under the neutral line. The OBV indicator shows a bullish divergence, with the price heading downwards while the OBV indicator slopes upward. The divergence is typically a sign of a potential trend reversal. 

In this case, the consolidation likely ends and SOL price changes in the coming week. 

SOL/USDT daily price chart | Source: Crypto.news

Conversely, SOL could find support at $143.25, the lower boundary of an FVG on the daily price chart. 

SOL could rally for these three reasons 

Bybit, one of the key crypto exchanges, has partnered with Circle, Tether, Solana, and Sui to introduce a collaborative blockchain ecosystem. The project, Ecopedia, is set to provide structured and accessible crypto education. 

Solana’s meme coin ecosystem tanked in response to the tussle between U.S. President Donald Trump and Tesla Chief Elon Musk. In the past week, the past 24 hours, and on Friday, the sector’s market capitalization has declined. 

The market cap of the Solana meme coin ecosystem has fallen 5% in the past 24 hours to nearly $10 billion. 

It is likely that once the tussle settles, Solana could resume its uptrend. 

According to data from The Block, the seven-day daily average of the number of transactions on the Solana blockchain has been steadily upward. 

Number of active addresses on the Solana Network | Source: TheBlock

Solana derivatives analysis 

Solana derivatives analysis data from Coinglass shows nearly $40 million in long positions were liquidated in the last 24 hours. Less than $5 million in short positions were liquidated in the past 24 hours. 

The options volume has climbed nearly 50% in the same timeframe, while open interest slips nearly 7%. The long/short ratio exceeds one on Binance and OKX meaning traders are taking more bullish bets on Solana, expecting the token’s price to rally. 

Solana derivatives data analysis | Source: Coinglass

How Trump-Musk tussle influenced Solana price 

The public spat between the U.S. President and Tesla Chief made headlines for its impact on Nasdaq, Tesla stock price, and Bitcoin (BTC), among other things. Solana’s price slipped, alongside other altcoins, as traders turned risk-off. Sentiment shifted from neutral to fear in the past day. 

Solana has made strides with gains on Friday, it remains to be seen whether the token can wipeout the losses from the past seven days, in the coming week. 

The Trump-Musk tussle’s impact is felt in the Solana meme coin ecosystem, with a steep decline in market capitalization. A 5% drop within a 24-hour timeframe is significant, and a recovery is less likely unless led by a catalyst. 

Solana: A one-trick pony or not 

Analysts at Standard Chartered, the banking giant, labeled Solana a one-trick pony for the meme coin ecosystem’s role in pushing SOL’s price and value higher in the past year. However, it is likely that there is more to SOL with stablecoins, DeFi protocols and partnership announcements in 2025 alone. 

Standard Chartered meme coins have stress-tested the blockchain in the past, proving its scalability and throughput are effective and paving the way for higher adoption and partnerships. 

In their report, Standard Chartered suggests Solana expand to other sectors to boost its utility, however SOL generates higher volume and utility from meme coin transactions in the past year. While usage may have declined since the peak of the meme coin rally. 

Meme coin utility peak | Source: Standard Chartered 

Solana trades at $150 at the time of writing on Friday. Depending on the catalysts, the price could steer upwards or downwards and end the state of consolidation, bordered by resistance at $187 and support at $141. 

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.



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All Key Shiba Inu (SHIB) Indicators Are Bearish: How to React?
GameFi Guides

All Key Shiba Inu (SHIB) Indicators Are Bearish: How to React?

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Despite some brief price drops, Shiba Inu has been a popular target for cryptocurrency investors, and current indicators point to a bullish future. A combination of solid fundamentals and technical indicators that may portend an impending rally are revealed by analyzing the most recent data.

This is the situation and the potential response of traders. Just 4% of holders are at average, 36% are in the money and 59% of holders are in profit, according to the distribution. This points to a robust market structure and high investor confidence. Strong whale interest, which frequently predicts future price movements, was reflected in the large transaction volume of $185.86 million.

SHIB/USDT Chart by TradingView

Large holders own about 74% of SHIB, a concentration that can help lower volatility and provide stability because these investors are less likely to panic sell. Since SHIB and Bitcoin have a moderate correlation of 0.46, its price may move more independently and isn’t entirely tied to BTC. Furthermore, 78% of SHIB holders have been investors for a long time, which suggests that they have strong conviction and are not under as much pressure to sell.

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The price of SHIB is gradually declining toward its annual high, and the rising trendline has been broken despite these bullish indications. Additionally, the trading volume is dropping quickly, which can point to a brief lull or period of consolidation before the next move. Since the market is dominated by long-term investors and large holders, the data supports holding.

Resilience is suggested by the high profit and concentration metrics. Keep an eye out for a volume rebound to verify a breakout. Though short-term bearishness may soon be overshadowed by the bullish fundamentals, the broken trendline calls for caution. It might be a good time to buy if support levels close to the annual high retest particularly if on-chain metrics hold firm.

Despite short-term challenges, SHIB’s primary indicators show a bullish outlook. By exercising strategic patience and paying close attention to volume changes, investors may be well-positioned for the upcoming upswing.



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Bitcoin
Crypto Trends

Top 5 Bitcoin Indicators To Watch, According To CryptoQuant

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The on-chain analytics firm CryptoQuant has revealed the five Bitcoin indicators that tell us what’s happening beneath the surface.

These Are The Top Five Bitcoin Indicators To Watch

In a new post on X, CryptoQuant discusses how real signals originate from on-chain data, with price moves merely providing a surface-level narrative. The analytics firm has shared its top five Bitcoin indicators that help uncover these signals.

The first metric is the “Realized Price,” a popular indicator that provides an estimation for the average cost basis of investors on the BTC network. Historically, it has often played the role of a major support/resistance level for the cryptocurrency.

A few different variations of this metric exist, with the one shown below being the Realized Price specifically for the short-term holders.

The trend in the short-term holder Realized Price during the last few years | Source: CryptoQuant on X

As displayed in the graph, the Bitcoin price is currently trading above the Realized Price of the short-term holders, which implies the cohort’s members are in a state of net profit.

The next indicator is the “Spent Output Profit Ratio” (SOPR), which gauges whether the BTC investors are selling or transferring their tokens at a net profit or loss.

The metric’s value being greater than 1 implies the holders are participating in profit-taking, while a value under this threshold suggests the dominance of loss realization. From the below graph, it’s visible that the short-term holders have been showcasing the former type of behavior recently.

Looks like the indicator’s value has been above 1 recently | Source: CryptoQuant on X

A large profit-taking spike in the market can provide impedance to the Bitcoin price, and a loss-taking may lead to a bottom. An indicator that can hint at which of these behaviors might be more probable to emerge is the next one of interest: the “Net Unrealized Profit/Loss” (NUPL).

This indicator tells us, as its name already implies, the net amount of unrealized profit or loss that Bitcoin investors as a whole are carrying right now.

The data for the NUPL of the entire BTC network over the cryptocurrency’s existence | Source: CryptoQuant on X

Generally, holders become more tempted to take their profits as they grow larger. Therefore, a profit-loss balance in the market that leans heavily toward gains (i.e., a high NUPL) can lead to a selloff driven by the motive of profit realization.

On the other hand, a dominance of loss (low NUPL) can imply an exhaustion of profit-takers, which can facilitate the formation of a bottom as underwater hands capitulate to transfer their coins to more resolute entities.

The fourth indicator is the distribution of supply between short-term holders and long-term holders. The short-term holders, who were already mentioned earlier, are formally defined as the buyers from the past 155 days. Investors who manage to hold past this threshold are termed as the long-term holders.

The supply of the long-term holders has seen a small rebound in recent days | Source: CryptoQuant on X

Usually, an increase in the supply of long-term holders is a sign that HODLing behavior is growing among investors. As shown in the graph, this metric was in decline earlier as the resolute hands took part in profit-taking, but recently, it has shown signs of a turnaround.

Lastly, there is the Open Interest, which is an indicator that measures the total amount of capital that’s locked in contracts related to Bitcoin on the futures market.

The USD-denominated Open Interest of BTC | Source: CryptoQuant on X

As is apparent in the chart, the Bitcoin Open Interest has exploded to a new record recently, a sign that speculative activity has shot up. This is something that has often preceded price volatility.

BTC Price

Bitcoin has seen some pullback in the past day as its price is back at $108,000.

BTC has been flat over the past few days | Source: BTCUSDT on TradingView

Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com

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