Author: Monicah W

Shiba Inu (SHIB) Price Forecast Today

Monicah W

Shiba Inu Price Prediction_ Analyst Teases 17x Rally as Key Breakout Nears

The post Shiba Inu (SHIB) Price Forecast Today appeared first on Coinpedia Fintech News

  • SHIB price has potentially broken out of a YTD falling channel in the past few days.
  • The TRUMP token rally on Wednesday has increased the odds for a FOMO memecoin rally ahead.

The rise of Bitcoin (BTC) price, above $92k in the past few days, has triggered a significant increase in memecoin trading. Official Trump (TRUMP) token doubled in value on Wednesday, thus rejuvenating the memecoin rebound – led by Floki, Pudgy Penguin (PENGU), Dogecoin (DOGE), and Shiba Inu (SHIB), among others.

According to market data from Binance-backed Coinmarketcap, the memecoin’s daily average trading volume surged by over 102 percent to hover about $13.3 billion at the time of this writing,

What Next For SHIB Price

Shiba Inu price has closely mirrored Ethereum’s fractal pattern in the past twelve months. The mid-cap memecoin, with a fully diluted valuation of about $7.9 billion and a 24-hour average trading volume of about $290 million, had been trapped in a falling channel in the past two quarters.

However, SHIB price, in the daily timeframe, has been forming a reversal pattern in the past three months. From a technical analysis standpoint, SHIB price has formed a possible inverse head and shoulders pattern, coupled by a bullish divergence of the Relative Strength Index (RSI) in the daily timeframe.

With the daily MACD indicator on the cusp of flipping to bullish sentiment, SHIB’s price is well positioned to rally at least 100 percent in the coming weeks.

The SHIB’s short-term bullish sentiment may be invalidated if the memecoin retraces below the upper border of the falling channel in the coming days.

Market Outlook

The Shiba Inu memecoin has gradually evolved to a utility-based project following the rollout of the Shibarium layer two scaling solution. Moreover, more than 18 DeFi projects have launched on the Shibarium network, led by ShibaSwap and WoofSwap. 

As a result, Shibarium’s total value locked (TVL) has gradually increased to about $2.3 million at the time of this writing. The rising on-chain activity for Shibarium has helped increase Shiba Inu’s daily burn rate, thus increasing value to the holders.

The post Shiba Inu (SHIB) Price Forecast Today appeared first on Coinpedia Fintech News
SHIB price has potentially broken out of a YTD falling channel in the past few days. The TRUMP token rally on Wednesday has increased the odds for a FOMO memecoin rally ahead. The rise of Bitcoin (BTC) price, above $92k in the past few days, has triggered a significant increase in memecoin trading. Official Trump …

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3 Crypto AI Agents Tokens To Watch For The End of April

Monicah W

Crypto AI agents coins are gaining fresh momentum as the sector shows signs of recovery. ARC, VIRTUAL, and TRAC are three standout tokens leading the narrative into the end of April.

ARC and VIRTUAL have posted explosive gains in the past 24 hours, while TRAC remains steady with more modest growth but strong fundamentals. With technical indicators like golden crosses appearing across all three charts, these tokens are worth watching closely in the coming days.

AI Rig Complex (ARC)

ARC has seen extreme volatility in recent months, crashing 91% between February 11 and April 11 amid a broader correction in crypto AI agent tokens.

However, the token has staged a sharp rebound, climbing nearly 66% in the past week and soaring 44.5% in just the last 24 hours.

ARC is the project behind Rig, an open-source framework designed to help developers build portable, modular, and lightweight artificial intelligence agents.

ARC Price Analysis.
ARC Price Analysis. Source: TradingView.

Technically, ARC is showing early signs of a potential trend reversal. A golden cross formed on its EMA lines yesterday, and another could be on the way.

If the bullish momentum continues, ARC could test the $0.071 resistance and possibly extend to $0.083. On the flip side, if the recent strength fades, support levels at $0.048 and $0.043 will be key.

A breakdown below those levels could open the door for a retest of $0.034.

Virtuals Protocol (VIRTUAL)

VIRTUAL remains one of the most prominent tokens in the crypto AI agent space, often seen as a leading indicator for the sector.

At its peak, the project reached a staggering market cap of nearly $5 billion, though it has since retraced significantly to $521 million.

Despite the decline, VIRTUAL is showing signs of renewed strength, jumping 49% over the last seven days and gaining 40% in the past 24 hours alone—suggesting that interest in AI-driven crypto tokens may be making a comeback.

VIRTUAL Price Analysis.
VIRTUAL Price Analysis. Source: TradingView.

From a technical perspective, VIRTUAL’s EMA lines have formed consecutive golden crosses since yesterday, pointing to growing bullish momentum.

If it can break through the $0.84 resistance level, the next target would be $0.97. Should market sentiment continue to improve and hype around crypto AI agents return, a move toward $1.22 is possible—marking its first time above $1 since early March.

However, if the current uptrend falters, key support lies at $0.79. A break below this could send VIRTUAL down to $0.64, or even as low as $0.517 in a deeper pullback.

OriginTrail (TRAC)

TRAC, OriginTrail’s native token, powers a decentralized ecosystem that aims to build a trusted knowledge infrastructure for artificial intelligence.

Its goal is to enable a Verifiable Web for decentralized artificial intelligence applications. While TRAC experienced a 32% correction between March 26 and April 7, it held up better than many other crypto AI agent tokens.

In line with that resilience, TRAC is up 7.4% over the last seven days — the smallest gain among major AI tokens, yet still positive.

TRAC Price Analysis.
TRAC Price Analysis. Source: TradingView.

Technically, TRAC’s EMA lines have just formed golden crosses, hinting at the early stages of an uptrend.

If momentum continues, TRAC could test resistance at $0.448, and a breakout there could send it toward $0.492 and potentially $0.54.

On the downside, traders are keeping a close eye on the $0.377 support level. Failure to hold that zone could trigger a drop to $0.35 and, in a deeper correction, possibly down to $0.317.

The post 3 Crypto AI Agents Tokens To Watch For The End of April appeared first on BeInCrypto.

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What Crypto Industry Should Expect from the SEC Under Paul Atkins

Monicah W

Paul Atkins, the newly appointed Chair of the SEC, is going to make a public appearance at the next Crypto Roundtable. This meeting concerning crypto custody will take place on Friday.

At his swearing-in ceremony, Atkins described his key priority as providing regulatory clarity for digital assets. In practice, this might mean more institutional products based on cryptocurrencies, wider adoption, and greater flexibility for US-based projects.

Atkins to Speak at the Crypto Roundtable

Starting today, Paul Atkins officially started his role as the SEC Chair and pledged to take a “principled approach” to crypto regulation.

He was an early advisor for RSR and holds over $6 million in crypto exposure, and he seems committed to the industry. On Friday, Atkins will speak at the next Crypto Roundtable, potentially giving new insight into his vision.

“Paul Atkins is set to speak on Friday at the SEC’s Roundtable on crypto trading — his first public remarks on digital assets since becoming Chair,” Eleanor Terrett claimed.

The Crypto Roundtable discussions have been going on since late March, and this one will give Atkins the chance to describe his priorities.

This discussion will largely concern crypto custody, which may limit the scope of his answers, but it may signal his willingness to appear more regularly.

Regardless of what Atkins says at the Roundtable, the crypto community has a pretty good idea of his biggest concerns. For example, the Ripple vs SEC suit is almost resolved, but a final settlement needs his official approval.

The Commission will also need to decide on 72 altcoin ETF proposals, which will likely give Atkins plenty to do.

As far as a specific vision goes, it’s hard to say how he might distinguish himself. Trump’s Presidency has imposed a clear outlook on crypto regulation: a laissez-faire approach. Any pick for the office will likely align with these values.

A New Look for the SEC

In his acceptance speech, Atkins discussed the SEC’s “waywardness” under Gary Gensler, “keeping [ing] politics out of securities laws,” and his desire to make the US a global crypto capital. These have all been clear priorities for crypto regulation under Trump.

However, Atkins’ commitment to this approach has also engendered a little apprehension from investors. He previously served as the SEC Chair in the lead-up to the 2008 financial crash, resigning shortly beforehand.

Over the next few years, he vocally opposed regulations constructed in the aftermath. Atkins also blamed the US government for the FTX collapse. Some parts of the community worry that he’ll be too hands-off with bad actors.

Ultimately, Friday’s Crypto Roundtable will be the first of Atkins’ many industry-related actions. Regardless of his personal beliefs, the SEC has a few pressing issues that it needs to resolve.

The securities debate is still at large, and it remains to be seen whether the commission completely abandons crypto enforcement or takes a back seat. As the new SEC chair tackles these issues, the community will get a chance to study Atkins’ outlook and crypto ethos.

The post What Crypto Industry Should Expect from the SEC Under Paul Atkins appeared first on BeInCrypto.

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SEC Crypto Task Force Explores Cross-Border Regulation With El Salvador

Monicah W

Yesterday, El Salvador’s National Commission of Digital Assets (CNAD) met with staff members from the SEC’s Crypto Task Force. They sketched out plans for a cross-border “regulatory sandbox” for crypto.

This plan involves two pilot programs, each costing less than $10,000, where a US-based broker would partner with a Salvadoran tokenization firm. The plan is tailored to give data on the Task Force’s top regulatory priorities.

Will El Salvador Partner with The SEC?

The SEC’s meeting with CNAD discussed plans for El Salvador, as recorded in a log on the Commission’s site. In the meeting, the parties explicitly discussed priorities in line with Commissioner Hester Peirce’s initial statement announcing the Crypto Task Force.

Of four stated goals, the notion of a “cross-border sandbox” was listed first.

“This initiative offers the SEC Crypto Task Force a live, real-world case study to evaluate streamlined regulatory approaches for digital assets—an opportunity to observe and refine frameworks that could enhance US market innovation. A key lesson from El Salvador’s experience is the transformative potential of tokenization, particularly in real estate,” it claimed.

This sandbox will take the form of a pilot program with two scenarios, each costing $10,000 or less.

In Scenario 1, a US-based real estate broker will partner with a Salvadoran tokenization firm. They will enable investors to purchase tokenized shares of a piece of property.

Scenario 2 tests these firms’ ability to raise capital by selling tokenized shares, using this capital to actually launch a project. It doesn’t specify the project in question, but this scenario doesn’t mention real estate in any capacity.

Both these endeavors will give the SEC valuable data on joint business ventures in El Salvador.

Representatives from El Salvador and the SEC were joined by Erica Perkin, a lawyer specializing in digital asset consulting, and Heather Shemilt, a former partner at Goldman Sachs.

According to the document, participants discussed these proposals, but it doesn’t seem like they actually reached a binding agreement.

The Task Force only sent some of its staff to this meeting, no Commissioners were actually present. Still, this partnership with El Salvador could give the SEC a lot of useful insights.

This plan offers a low-cost way to gather hard data on half of the Task Force’s highest priorities, which seems like a valuable opportunity.

The post SEC Crypto Task Force Explores Cross-Border Regulation With El Salvador appeared first on BeInCrypto.

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Russia’s Central Bank and Finance Ministry is Launching a Crypto Exchange

Monicah W

Russia’s Ministry of Finance and Central Bank are teaming up to launch a centralized crypto exchange. This comes after successive attempts to force other exchanges out of the country.

This is just one step in Russia’s recent efforts to promote cryptocurrency as a tool to evade sanctions. Its government and business community have been espousing the practice, and Russia is considering a ruble-backed stablecoin.

Russia to Launch a Government-Backed Crypto Exchange

According to a report from local media, Russia’s government institutions have big plans for this centralized exchange. Initially, it will only be open to “super-qualified” investors.

This refers to investors who have 100 million rubles ($1.2 million) in securities and deposits or 50 million ($600,000) in annual income. These requirements are not final and may be changed after launch.

Anton Siluanov, Russia’s Minister of Finance, described the plan:

“Together with the Central Bank, we will launch a crypto exchange for super-qualified investors. Crypto assets will be legalized, and crypto operations will be brought out of the shadows. Naturally, not within our country, but those operations that have been carried out today within the framework of the experimental legal regime,” he said.

This exchange is part of Russia’s response to an international crypto crackdown. Specifically, private firms are being forced to leave the country.

Last month, Garantex, a Russian exchange, lost $28 million in assets when Tether froze them after US sanctions. The month prior, Deribit also left the country after sanctions from the EU.

Siluanov announced last December that the Russian government would use cryptocurrency to evade international sanctions, and private firms have embraced the practice.

At the last BRICS Summit, Russia advocated for this policy on the international stage, and it’s considering a Ruble-backed stablecoin.

By creating this exchange, Russia will have a platform to further intensify its crypto-based activities. According to the report, these “super investors” will be able to directly trade in cryptoassets, while retail traders will be restricted to various derivatives. This ties in with a recent three-year plan to test regulated crypto markets.

Russia’s crypto exchange is set to launch this year, but the government still needs to determine a few details. The regulatory framework for crypto derivatives is not entirely operational, and the plan has faced some pushback from the nation’s financial community.

The post Russia’s Central Bank and Finance Ministry is Launching a Crypto Exchange appeared first on BeInCrypto.

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XRP Bullish Momentum Builds as Market Cap Breaks Above $130 Billion

Monicah W

XRP is gaining momentum once again, climbing nearly 6% in the past week and pushing its market cap back above $130 billion for the first time since March 27.

The altcoin’s RSI has entered overbought territory for the first time in over a month, its Ichimoku Cloud setup remains bullish, and its EMA lines have formed consecutive golden crosses. With traders eyeing both breakout targets and key support zones, XRP enters a pivotal moment that could define its next major move.

XRP Enters Overbought Zone for First Time Since March

XRP’s Relative Strength Index (RSI) has surged to 76.19, climbing above the 70 threshold for the first time since March 19 — over a month ago.

Just yesterday, its RSI was at 51.4, signaling a sharp increase in buying momentum within a short period.

This jump suggests that XRP is entering an overbought zone, a level where price action often begins to slow or reverse, depending on broader market sentiment.

XRP RSI.
XRP RSI. Source: TradingView.

RSI is a momentum indicator that ranges from 0 to 100 and helps traders assess whether an asset is overbought or oversold. A reading above 70 typically signals overbought conditions, suggesting that the asset may be due for a pullback.

A reading below 30, on the other hand, signals oversold conditions and potential for a bounce. With XRP now at 76.19, traders may begin to watch for signs of weakening momentum or consolidation. Despite that, some analysts claim XRP market cap could soon surpass Ethereum’s.

However, strong upward RSI moves can also signal the start of a breakout if supported by volume and broader bullish sentiment.

Ichimoku Signals Align for XRP as Cloud Turns Bullish

XRP’s Ichimoku Cloud remains in a bullish configuration, with the price clearly positioned above the Kumo (cloud), formed by the Senkou Span A (green line) and Senkou Span B (red line).

This indicates a continuation of upward momentum, though the green cloud ahead is narrower than before, suggesting that bullish conviction may not be as strong as in earlier phases of the trend.

Still, being above the cloud generally favors buyers in the short term.

XRP Ichimoku Cloud.
XRP Ichimoku Cloud. Source: TradingView.

The Tenkan-sen (blue line) is above the Kijun-sen (red line), signaling short-term bullish momentum through a positive crossover.

Meanwhile, the Chikou Span (green lagging line) is well above the cloud, confirming that current momentum is supported by past price strength.

However, the thinner cloud ahead calls for some caution — while the trend remains bullish, a weaker cloud can suggest reduced support if the price turns.

For now, XRP has a positive technical structure, but traders will monitor for any signs of weakness.

XRP Builds Momentum on Golden Crosses—Reversal or Rally?

XRP’s exponential moving average (EMA) lines have formed consecutive golden crosses since yesterday, a strong bullish signal that indicates growing upward momentum.

This pattern suggests that short-term averages are crossing above longer-term ones, often seen as a sign of a trend reversal or the beginning of a new uptrend.

If this momentum continues, XRP price could climb to test $2.50, with further resistance levels at $2.64, $2.74, and $2.83.

XRP Price Analysis.
XRP Price Analysis. Source: TradingView.

Should the broader bullish sentiment return, XRP may even attempt to reclaim the $2.99 level — and possibly break above $3 for the first time in months.

However, if the momentum fades and the trend reverses, XRP could pull back to test support at $2.18. A loss of that level would open the door for a deeper correction toward $2.03.

Continued downside pressure could push XRP below the $2 mark, with the next major support levels at $1.90 and $1.61.

The post XRP Bullish Momentum Builds as Market Cap Breaks Above $130 Billion appeared first on BeInCrypto.

Why Is XRP Going Up? Expert Insights on the Surge and Price Prediction

Monicah W

The XRP price is rising, joining other cryptocurrencies, which have all turned green today. Ripple spiked to $2.30 on Wednesday, its highest level since March 28, and 45% higher than its April low. It has soared by 350% from its lowest level in 2024.Crypto analysts cite its strong technical patterns, a recent statement by Teucrium CEO, and Paul Atkins swearing in as the new head of the SEC. 

Crypto Experts Explain the Ongoing XRP Price Surge

XRP price rose as the crypto market boomed after Donald Trump said that he would not fire Jerome Powell. He also expressed hopes that the US will reach a trade deal with China, eliminating the recent tariffs.

Crypto pundits also identify an interview in which Teucreum CEO said that XRP was the only coin with a real utility. He argued that its role to become a SWIFT rival and Hidden Road acquisition will stimulate more utility. More so, the expert hailed the entry of Atkins at the SEC as a top catalyst. This statement came after his company’s recently launched The Teucrium 2x Long Daily XRP ETF reached $34 million in assets.

In a separate note, he credited the rally to the swearing-in of Paul Atkins as the new head of the SEC. He takes over from Gary Gensler, an official who focused on filing lawsuits against crypto companies, including Ripple Labs. 

Paul Squire XRP Statement
Paul Squire XRP Statement

Meanwhile, Ali Martinez, a crypto analyst with thousands of followers, noted that XRP price had created an inverse head and shoulders pattern on the hourly chart. He expects that the coin will surge towards the resistance at $2.70.

XRP Price Forecast
XRP Price Forecast

Another key theme is the upcoming approval of the XRP ETF, which is expected to result in substantial inflows. JPMorgan analysts estimate that these funds will accumulate over $8 billion in inflows in the first 12 months.

Ripple Price Prediction and Technical Analysis

Technicals suggest that the XRP coin price may be ready for a strong bull run. It has formed an inverse H&S pattern on the four-hour chart. Also, it has now jumped above the neckline, confirming the bullish breakout. It has also retested the 50% Fibonacci Retracement level at $2.30. 

Additionally, trend and momentum indicators signal that the bullish momentum is intact. For example, the Directional Movement Index (DMI) has jumped to 40. This is a popular indicator used to measure the strength of a trend. 

Therefore, the value of XRP will likely keep soaring as buyers target the 78.6% retracement level at $2.70, which is about 20% above the current level.

XRP Price Chart
XRP Price Chart

A drop below the neckline of the inverse H&S pattern at $2.2 will cancel the bullish outlook as it will mean that there are more sellers in the market.

The post Why Is XRP Going Up? Expert Insights on the Surge and Price Prediction appeared first on CoinGape.

Will Bitcoin Price Reclaim $100K As Donald Trump Hints at China Tariff Relief?

Monicah W

Will Bitcoin Price Reclaim $100K As Donald Trump Hints at China Tariff Relief?

Bitcoin price has recovered after statements by U.S. President Donald Trump regarding trade tariffs with China. The digital asset has climbed over 12% this week and is currently trading above $94,000, raising the question of whether it could soon reclaim the $100,000 mark.

Donald Trump’s comments on the lowering of tariffs influenced the market sentiment on several risk assets, including Bitcoin, XRP, DOGE, Ethereum, and other cryptocurrencies. In a White House event, the president implied that Chinese tariffs would be reduced by a “big, substantial percentage” in the future.

However, he stated that they will not go to zero, but his change of tone seems to be pulling back on the global trade concerns.

Bitcoin Price Rises Amid Eased Trade War Tensions

Risk-on sentiment emerged back in markets after U.S. President Donald Trump floated the possibility of cutting tariffs on Chinese imports. He said that 145% is very high and it will not be that high. It’ll come down substantially.”

These statements were made after weeks of threatening words and gestures, and it was met with market appreciation.The move supported a rally in major indices and increased demand for risk assets like Bitcoin. Bitcoin, for instance, rocketed by 6.77% on Tuesday to close the day trading above $93,400. Subsequently, by Wednesday, the Bitcoin price was again on the rise and trading above $94000.

Investors saw the statement as a possible sign of easing tensions in U.S.–China trade relations. The Wall Street Journal reported that Treasury Secretary Scott Bessent also supported a more relaxed stance, stating that he believed a deal with China could be reached.

On-Chain and Derivatives Data Show Increased Market Confidence

According to K33 Research, investor activity in the futures market has grown. CME futures exposure increased to 140,000 BTC, with premiums rising above 9% for the first time since January. This suggests that traders expect further price appreciation.

During the Easter week, Open Interest (OI) also increased by about 5,000 BTC according to the K33 Research report. This sent OI to a fresh high of 140,000 BTC in the three-week range. However, it is still below the figures recorded between the period of late Q4 and early Q1, where it crossed the 200,000 BTC mark.

Source: K33 Research
Source: K33 Research

An increase in futures premiums and OI is generally linked to the increased activity from institutional players. This trend points to a belief in higher prices, though overall leverage is still not at peak levels.

Bitcoin Flips Google’s Parent Company and Silver

Bitcoin has now surpassed the total market value of Alphabet, Silver, and Amazon. Data from CompaniesMarketCap shows Bitcoin’s market capitalization at over $1.8 trillion, making it the fifth-largest global asset.

The BTC value is now ahead of Google’s parent company Alphabet by $12 billion. Silver, long considered a store of value, currently holds a valuation of $1.856 trillion. Amazon follows with a market cap of $1.837 trillion.

Image

This new ranking places Bitcoin among the top-tier global assets. The rally in price and market value came after investor concerns eased regarding the trade war and monetary policy uncertainty.

Analysts Debate BTC Cycle and Possible Trend Reversal

Ki Young Ju, CEO of CryptoQuant, commented on the current market situation. He stated that despite BTC price recent gains, he sees the market moving within a wide range. He said,

“If it breaks above $100K, I’ll gladly admit I was wrong.”

Ju focuses on long-term supply and demand using on-chain data. He noted that event-driven reactions make short-term price moves harder to predict. According to him, “even among on-chain analysts, interpretations of the data can differ.”

He also mentioned that he may reconsider the cycle theory if Bitcoin hits a new all-time high before Q4. That would suggest the market might be entering a different phase than previous bull cycles.

The post Will Bitcoin Price Reclaim $100K As Donald Trump Hints at China Tariff Relief? appeared first on CoinGape.

Solana Price Targets $250 as SOL Strategies Unveils $500M Convertible Note to Buy SOL

Monicah W

Solana Price Targets $250 as SOL Strategies Unveils $500M Convertible Note to Buy SOL

Solana price is on the rise, and analysts observe trends that may propel it to the $250 mark. This is an optimistic prediction following SOL Strategies, a listed Canadian company that deals in the Solana ecosystem, announcing that it has secured a $500 million convertible note deal with ATW Partners to boost its SOL holdings and staking activities.

$500 Million Convertible Note Structure To Buy SOL

SOL Strategies has secured what it describes as a “first-of-its-kind” convertible note facility with ATW Partners. According to the announcement, the $500 million facility will be implemented in multiple tranches. This starts with a $20 million closing expected to occur around May 1, 2025. This is subject to customary closing conditions.

The facility is designed basically for the Solana ecosystem. Also, all capital will be exclusively allocated to purchasing SOL tokens. These tokens will then be staked on validators operated directly by SOL Strategies.

The announcement comes at a time when the SOL price has reclaimed the $150 level. SOL has pumped close to 18% in the last seven days.

In a notable element of the agreement, interest on the notes will be paid in SOL tokens rather than fiat currency. This interest will be calculated as up to 85% of the staking yield generated by the SOL acquired through the facility.

Technical Analysis Points To $250 Solana Price Target

Technical analysts are observing bullish patterns on Solana price charts that are indicative of a possible run-up to the $250 level. The SOL/USDT chart shows a definitive breakout from a falling wedge pattern. This is identified as a bullish indication of a price increase in technical analysis.

Analyst Luciano_BTC has shared some important changes on the chart. They are a “Falling Wedge” pattern that has shifted higher with a clean “Trendline Breakout.” The chart from the analyst also displays a potential target of +50% Uptrend.

Technical analyst Christiaan concurs with this technical outlook. He just tweeted that the Solana price is heading to $250. Another analyst, Lucky, expressed strong conviction about Solana’s prospects. He called it the easiest trade of the century and predicting more green candles are coming.

The technical configuration shows SOL finding support at a point known as a Demand Zone, which Luciano_BTC identified, prior to starting its current rally. The chart shows a number of possible points of resistance to $250, with targets towards $180 and $220 before reaching the final destination. CoinGape has also analyzed and shared their price prediction for Solana, which shows that SOL is 49% bullish.

The post Solana Price Targets $250 as SOL Strategies Unveils $500M Convertible Note to Buy SOL appeared first on CoinGape.

Mega Bullish: SOL Strategies Announces $500M to Buy More Solana

Monicah W

Why Are Institutional Investors Betting Big on Solana? Insights Behind the $5.7M Investment

The post Mega Bullish: SOL Strategies Announces $500M to Buy More Solana appeared first on Coinpedia Fintech News

  • SOL Strategies agreed with ATW Partners to issue a convertible note of up to $500M.
  • The capital will exclusively be used for purchasing Solana coins, and staked to offer regular yields.
  • Solana price will heavily benefit from the deal, especially after the recent bullish breakout.

SOL Strategies Inc. (CSE: HODL), an investment company focused on the development and growth of the Solana (SOL) ecosystem, has announced the largest deal geared towards acquiring more SOL coins. On Wednesday, April 23, during the mid-North American trading session, SOL Strategies announced that it had inked an agreement with ATW Partners to issue a convertible note of up to $500M.

According to the announcement, SOL Strategies will issue the notes in an aggregate amount of $20 million as its first initial closing. The first tranche of the deal will close by May 1, 2025.

The agreement will offer an additional capacity of up to $480 million. The acquired SOLs will be staked and the yield generated shared among the investors.

“This is the largest financing facility of its kind in the Solana ecosystem and the first ever directly tied to staking yield. By securing up to half a billion dollars in strategic capital, we are doubling down on our conviction in Solana and our commitment to being the leading institutional staking platform. Every dollar deployed is immediately yield-generating, and accretive to both our balance sheet and our validator business. This structure is not only innovative, it is highly scalable,” Leah Wald, Chief Executive Officer of SOL Strategies, noted.

Impact on Solana Price

The convertible notes will play a crucial role in the long-term growth prospects for the Solana network. Furthermore, its success will attract more institutional investors, and bolster SOL’s bullish sentiment ahead.

From a technical analysis standpoint, SOL price has successfully rebounded following the 42 percent rally in the past two weeks. In the daily timeframe, the SOL price has been forming a megaphone structure, with the next target above $300.

Moreover, the daily MACD and Relative Strength Index (RSI) indicators have already flashed bullish sentiment.

The post Mega Bullish: SOL Strategies Announces $500M to Buy More Solana appeared first on Coinpedia Fintech News
SOL Strategies agreed with ATW Partners to issue a convertible note of up to $500M. The capital will exclusively be used for purchasing Solana coins, and staked to offer regular yields. Solana price will heavily benefit from the deal, especially after the recent bullish breakout. SOL Strategies Inc. (CSE: HODL), an investment company focused on …