BlackRock Ethereum ETF (ETHA) has been dominating the spot ETF inflows while registering an 11-day inflow streak. So far in June, ETHA has already seen more than $280 million in inflows, with total flow approaching $5 billion since inception. Speculation is growing that this surge in ETHA inflows suggests that we could be getting closer
Bitcoin is currently trading near a critical resistance zone around $94,250, a level known as the golden ratio in Fibonacci analysis. This level is considered highly important in both technical trading and natural patterns, and often marks strong turning points in price. Bitcoin reaching this level suggests the recent rally may be slowing down, and traders are watching closely to see what happens next.
So far, Bitcoin has shown signs of a possible five-wave move from its April low. If this pattern completes, it would be a clear sign of bullish strength and could open the door for further gains. However, if the move turns out to be only a three-wave structure, it may mean that the market is still in a broader bear trend, and this recent rise was just a temporary recovery.
Key support for the current trend is between $84,526 and $88,494. As long as the price stays above this zone, the outlook remains positive in the short term. There is also a minor support zone between $91,047 and $93,581 that could help hold the price up in the coming days.
Traders should keep an eye on these levels. If Bitcoin can hold above support and break past the $94,250 resistance with strong momentum, the next target could be as high as $130,000 in the longer term. However, a drop below support may signal weakness and increase the risk of a deeper correction.
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Bitcoin is currently trading near a critical resistance zone around $94,250, a level known as the golden ratio in Fibonacci analysis. This level is considered highly important in both technical trading and natural patterns, and often marks strong turning points in price. Bitcoin reaching this level suggests the recent rally may be slowing down, and …
Solana price action remains firm near $150, backed by increasing institutional interest and strategic investments positioning SOL for a major breakout.
Solana (SOL) Holds $150 Support as Bulls Eye More Upside
Solana entered the final weekend of April trading in a tight range but managed to maintain its critical $150 support level.
As of Sunday, April 27, SOL traded between $145.97 and $150.04, before settling at $149.98, at press time with a mild 0.6% daily gain.
Solana price action | Source: Coingecko
According to Coingecko, SOL price currently posts 9.9% gain over the last seven days and a 14% rally over the past month, outperforming both Bitcoin and Ethereum on the weekly timeframe.
Market capitalization currently stands near $68 billion, securing Solana’s position as the sixth-largest cryptocurrency by total market value.
Trading volumes have remained steady above $2.2 billion, suggesting steady demand despite cautious market sentiment at the weekend.
Solana’s year-to-date gain sits at 15.8%, bolstered by a combination of faster network adoption, positive SOL ETF speculation, and the rapid expansion of decentralized finance (DeFi) projects on its blockchain.
The sustained defense of the $150 level signals that bulls are preparing for another leg higher. A clean breakout above $155 could open the door toward new peaks above $250 as Q2 2025 unflods.
DeFi Development Company Files $1 Billion Shelf Offering to Fuel Solana Investments
Even as Solana struggles to firmly clear the $150 resistance zone, fundamental news flow continues to paint a highly bullish picture.
On Friday, the DeFi Development Company (formerly Janover), trading under the ticker JNVR, filed a $1 billion shelf offering with the U.S. Securities and Exchange Commission.
The move allows the company to issue equity, debt, or other instruments over time to fund strategic investments, notably including Solana asset accumulation and validator expansion.
Shelf offerings allow companies to register large amounts of securities upfront without selling them all immediately, giving DeFi Development Company flexibility to scale its Solana exposure when market conditions are favorable.
“We may sell any combination of these securities in one or more offerings, at prices and on terms to be determined prior to the time of the offering, with an aggregate offering price of up to $1,000,000,000,”
DeFi Development Company (formerly Janover)
DeFi Development Company’s (DDC) transition toward a Solana-focused investment vehicle mirrors Michael Saylor’s Bitcoin strategy but with important differences.
Beyond simply acquiring SOL, DDC and peers like Canada-based Sol Strategies and Upexi are also spinning up validators, actively staking their holdings, and turning Solana into a yield-generating treasury asset.
This move could significantly tighten SOL supply available to be traded on exchanges and amplifying price rallies during periods of high market demand.
As of April 27, the DDC already holds around $34.4 million worth of SOL and intends to expand its position aggressively once SEC approval is granted. Shares of Janover (JNVR) were up nearly 5% on the news, signaling positive market reception to the plan.
As more public companies embrace Solana’s staking protocol, SOL’s price outlook for Q2 2025 appears increasingly skewed positive.
Solana price appears poised for further gains after breaking out of a falling wedge formation. Following 12% gains last week, Solana’s the technical indicator highlight a major upside target near $264.
After consolidating below the $150 for the better part of the last 48 hours, Solana price forecast today shows growing bullish momentum.
Solana Price Forecast
As seen in the chart below, SOL is holding steady above its 50-day simple moving average (SMA) at $129.89 and closing in on the 100-day SMA at $161.94. The resilience above $145 suggests a supportive base is forming even as market volumes decline.
The BBP oscillator, printing at 10.58, reflects ongoing bullish energy, although the recent moderation hints at a brief pause before further advances.
Should buyers overcome the $161 resistance, the falling wedge pattern confirms that a potential rally toward the $264 territory. On the downside, failure to defend the $140 support, could invite a retest of prior support near $130.
In previous years, trends in the TradFi market have caused risk-on assets like crypto to spike in Q2, especially in April. This could provide a much-needed bullish narrative for the space.
A report from QCP Capital looked at a few trends, such as the S&P 500’s performance, but Bitcoin’s price history over the last decade is the clearest market indicator.
However, this data is corroborated by a broad spectrum of crypto-native trends.
“One of the fastest US stock downturns in recent history may well be behind us—or so JPMorgan and a growing chorus of strategists are telling their clients. Q2, and April in particular, has historically been one of the best periods for risk assets,” QCP claimed via Telegram.
With how desperate the crypto market has been for a bullish narrative, this Q2 speculation comes as a breath of fresh air. QCP pointed to recurring trends in TradFi sectors like the S&P 500, and some of these are even more pronounced in crypto.
Case in point, the price of Bitcoin is a great bellwether. Bitcoin is highly linked with the broader crypto market, and it has frequently rallied in Q2, especially in April.
For example, in 2017, Bitcoin’s price hovered around $1,000 until it broke $2,000 in mid-May, prompting a bigger rally. In 2021, a gargantuan price spike culminated in April and briefly dropped in May.
Bitcoin Yearly Price Chart. Source: BeInCrypto
In 2024, Q2 was a significant bullish period for crypto. BTC climbed quickly after the approval of Bitcoin Spot ETFs in January, breaching $60,000 in late February and early March, setting a new all-time high by April.
At the same time, high-yield credit markets demonstrated a solid performance, with CC-rated bonds overperforming. This shows a healthy appetite for risk-on assets.