cryptd.in

Alternatieve LinkedIn voor cryptovriendelijke talenten

Solana Bubble Maps Turn Neutral – Is This The Setup For A SOL Summer Rally?

-

door

cryptd.in
in

Solana (SOL) has surged 6.6% over the past week, raising hopes among holders that the digital asset may be on the cusp of a significant rally – one that could potentially propel it to new all-time highs (ATH). A combination of strengthening fundamentals and bullish technical signals supports this optimistic outlook.

Solana Primed For A Spectacular Summer?

According to a recent CryptoQuant Quicktake post by contributor burakkesmeci, SOL is currently undergoing a cooling phase on both the spot and futures Bubble Maps. The analyst shared the following chart to highlight this cooling period.

sol

For the uninitiated, a bubble map visualizes volume data across exchanges, with each bubble representing trading activity for a specific pair or platform. The size of the bubble indicates the total volume, while the color shows the intensity or change in that volume – such as cooling (green), neutral (gray), or overheating (red).

At first glance, lower trading volume might seem like fading momentum. However, the CryptoQuant analyst suggests this deceleration could be a strategic accumulation phase, particularly as a potential catalyst looms on the horizon.

Many in the crypto community are expecting the US Securities and Exchange Commission (SEC) to approve the first Solana exchange-traded fund (ETF) in the coming weeks. In an X post published today, Eric Balchunas, Senior ETF Analyst at Bloomberg, said Solana could lead a “potential altcoin ETF summer.”

Meanwhile, predictions platform Polymarket currently places a 91% probability on a Solana ETF being approved in 2025 – the highest odds recorded since January of this year. Most speculators expect a SOL ETF to go live by July 2025.

From a technical standpoint, things are also looking encouraging. In a recent X post, crypto analyst Ali Martinez remarked that if SOL breaks above the $200 mark, it could kickstart a 5x to 10x bull run.

Martinez shared the following SOL weekly chart, which shows the digital asset forming a bullish Cup and Handle pattern. While the “cup” portion has already been completed, the emerging “handle” suggests the potential for significant price appreciation – possibly pushing SOL beyond $2,000.

SOL Showing Promise But Take Caution

Despite widespread optimism, some indicators urge caution. On-chain data recently onthuld a large movement of dormant SOL coins, which has raised concerns about increased selling pressure in the near term.

That said, a considerable number of analysts believe that SOL could surpass its current ATH of $293 later this year. At press time, SOL trades at $167.30, up 3.5% in the past 24 hours.

solana

Reacties

Geef een reactie

Je e-mailadres wordt niet gepubliceerd. Vereiste velden zijn gemarkeerd met *

Nieuwste feeds

Populaire categorieën

nl_NL Nederlands
nl_NL Nederlands en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

Zoeken op de website

Populaire verhalen

Tags

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (458) #BitcoinETF (3) #BitcoinFundamentals (1) #BitcoinHandling (1) #BitcoinPrijs (5) #BitcoinPrijsniveau (1) #BitcoinPomp (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTCovername (1) #BullishVoorspelling (1) #BullishSentiment (1) #ChineseMijnbouw (1) #CPIPBekijken (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #Cryptomarkt (4) #CryptoVoorspelling (1) #CryptoVoorspellingen (1) #CryptoRegulering (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoOnzekerheid (1) #DerivatiefJump (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) #ElSalvadorBitcoin (1) #Ethereum (74) #EthereumPijn (1) #EthereumPrijs (1) #ExpertOpinie (1) #FedRateCut (1) #FiatValuta (1) #FinanciëleInvloed (1) #FinanciëlePrivacy (1) #FirmShutdown (1) #FrozenRekeningen (1) #IllicitFunds (1) #InflatieData (1) #Investering (1) 1TP5Beleggingsverlies (1) #JapanseFirma (1) #Gerechtelijke actie (1) #Gerechtelijke gevolgen (1) #Wetgeving (1) #Bliksemnetwerk (1) #Mmarktanalyse (3) #Marktmonitoring (1) #MarktVoorspelling (1) #MarktVoorspellingen (1) #MarktProjectie (1) #Marktondersteuning (1) #MarktVolatiliteit (1) #M Huwelijk (1) #MemeCoin (5) #MemeCoins (2) #Mijnwinstgevendheid (1) 1TP5Geld witwassen (2) #MtGox (4) #Noord-KoreaCrypto (1) #NovogratzVoorspelling (1) 1TP5PrijsMijlpaal (1) 1TP5PrijsVoorspelling (2) 1TP5PrijsVraag (1) 1TP5Prijsstijging (1) #PgevangenisVeroordeling (1) #QuantAnalyse (1) #Regeldruk (1) #SECAntiCrypto (1) #ShibaInu (6) #SocialBuzz (1) #TechnischeAnalyse (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashOntwikkelaar (1) #UKCrypto (1) #UpsidePotentieel (1) #USCongres (1) #WyomingLand (1) #XRPrijs (1) #XRPupswing (1)

Handige koppelingen

Links die ik nuttig vond en wilde delen.