Category: News

BlackRock’s Bitcoin ETF is in the top 1% of performers in this category despite tariff chaos. Analysts theorize that the issuers are stabilizing Bitcoin’s volatility, and the ETF market will make BTC more secure in the future.

The issuers act as major whales, buying up any token dumps from retail investors. However, this new stability is entirely contingent on these powerful firms, which are exposed to broader macroeconomic concerns.

Are the ETFs Stabilizing Bitcoin?

The threat of Trump’s tariffs has brought chaos and uncertainty into global markets, but the price of Bitcoin has been relatively fine. Although it has fallen from its all-time high in January, its price shelf is still well above its performance before the November election.

According to one analyst, the ETFs may be providing Bitcoin with this extra stability:

“Bitcoin ETFs have eked out positive inflows past month and YTD and IBIT is +2.4 billion YTD (Top 1%). Impressivem and in my opinion, helps explain why BTC’s price has been relatively stable: its owners are more stable. ETF investors are much stronger hands than most think. This should increase stability and lower volatility and correlation long term,” claimed Eric Balchunas.

Since the Bitcoin ETFs first hit the market, they’ve totally transformed the crypto industry, but it’s been difficult to quantify that transformation.

However, this impending economic crisis has given analysts a useful chance to collect hard data from a stress test. Balchunas emphasized that ETF issuers had a powerful demand for BTC, which has powered some changes.

Over the last few months, US ETF issuers have been buying tremendous amounts of Bitcoin. Collectively, they surpassed Satoshi’s holdings in December and bought 20x as much BTC as the global mining output in January. Who met this apparent crisis in supply? Retail investors.

Bitcoin is more integrated than ever into traditional finance, and that presents a few opportunities. For any number of reasons, retailers have been compelled to dump their tokens.

Normally, these actions could spook the markets, but ETF issuers (and Michael Saylor’s Strategy) have been willing to buy as much Bitcoin as possible.

In other words, these whales have done a lot to hold up confidence in the entire market. Ideally, ETF issuers will have a mostly positive impact on the sector, potentially curing Bitcoin’s infamous chronic volatility.

Unfortunately, this substantial change comes with serious practical drawbacks, even discounting fears of de-decentralization. Since the ETFs transformed the market like this, Bitcoin has been more entangled than ever with broader macroeconomic trends.

These trends, however, could force these big whales to sell. Can we afford to tie Bitcoin’s fate to these actors?

The ETF issuers have a high confidence in Bitcoin, which has kept its price steady throughout the tariff chaos. If they lose that confidence for any reason, it could cause a powerful demand crisis.

This investment trend has been a tremendous benefit to the crypto industry, but it’s important to keep an eye on the potential risks involved.

The post Institutional Demand in Bitcoin ETF Is Making BTC Less Volatile appeared first on BeInCrypto.

XRP gained only 2% in the past week, signaling weak momentum and fading interest from buyers in the short term.

Technical indicators like the RSI, Ichimoku Cloud, and EMA lines are all starting to reflect increased bearish pressure. Here’s a breakdown of what the charts are saying and what could come next for XRP.

XRP RSI Shows Buyers Are Losing Control

XRP’s Relative Strength Index (RSI) has declined to 46.34, a noticeable drop from 57.30 just one day ago. This sharp move suggests a clear shift in momentum, with buying pressure cooling off significantly in the short term.

When the RSI drops this quickly, it can often indicate that traders are taking profits or beginning to rotate out of a position, especially after a period of modest gains.

While XRP hasn’t entered oversold territory yet, the drop below the 50 mark is typically viewed as a bearish signal, pointing to a potential shift in sentiment from bullish to neutral or bearish.

The RSI, or Relative Strength Index, is a widely used technical indicator that helps traders gauge the strength of a price trend. It ranges from 0 to 100, with readings above 70 considered overbought and readings below 30 considered oversold.

When the RSI is above 50, momentum is typically bullish, while levels below 50 reflect increasing bearishness. With XRP now sitting at 46.34, it suggests the asset is losing upward momentum and may be at risk of further downside unless buying interest returns soon.

If selling pressure continues and RSI trends lower, XRP could test key support levels in the near future.

XRP Ichimoku Cloud Shows Momentum Is Shifting

XRP’s Ichimoku Cloud chart currently shows a shift toward short-term bearish momentum.

The price has fallen below both the blue Tenkan-sen (conversion line) and the red Kijun-sen (baseline), which is typically viewed as a bearish signal.

When the price trades beneath these two lines, it often suggests weakening momentum and increasing downside risk unless a quick recovery follows.

Additionally, the price is now entering the green cloud (Kumo), which represents a zone of uncertainty or consolidation. The cloud ahead is relatively flat and wide, indicating potential support but also a lack of strong upward momentum.

The green Senkou Span A (leading span A) remains above the red Senkou Span B (leading span B), signaling that the broader trend is still slightly bullish—but if price action stays inside or breaks below the cloud, that trend may begin to reverse.

Overall, the Ichimoku setup points to caution for bulls unless XRP reclaims the Tenkan and Kijun lines convincingly.

EMA Lines Suggest XRP Could Fall Below $2

XRP’s EMA lines are showing signs of weakness, with XRP price repeatedly failing to break through the resistance near $2.17—even amid speculation about a potential partnership with Swift.

This repeated rejection at the same level indicates strong selling pressure. The EMAs suggest momentum is fading as the shorter-term average is beginning to bend downward.

A potential death cross, where the short-term EMA crosses below the long-term EMA, appears to be forming. If confirmed, it could signal a deeper correction ahead, with XRP possibly retesting support levels at $2.02 and $1.96.

A breakdown below these levels could lead to a drop toward $1.61. However, if bulls manage to reclaim $2.17, the next resistance at $2.24 becomes the key target.

A clean break above that could trigger a stronger rally, potentially pushing XRP to $2.35 or even $2.50 if momentum accelerates.

The post XRP Faces Bearish Shift as Indicators Signal Weakness appeared first on BeInCrypto.

According to CoinGecko’s quarterly report, the overall crypto market cap fell 18.6% in Q1 2025. Trading volume on centralized exchanges also fell 16% compared to the previous quarter.

This report identified a few positive trends, but most of them contained at least one significant downside. Despite the market euphoria in January, recession fears are taking a very serious toll.

Crypto Suffered Heavy Losses in Q1

The latest CoinGecko report shows just how bearish the first quarter of the year has been. Although the crypto market started January with a major bullish cycle, macroeconomic factors have heavily impacted market sentiment for the past two months.

According to this report, crypto’s total market cap fell 18.6% in Q1 2025, a staggering $633.5 billion. Investor activity fell alongside token prices, as daily trading volumes fell 27.3% quarter-on-quarter from the end of 2024. Spot trading volume on centralized exchanges fell 16.3%, which CoinGecko at least partially attributes to the Bybit hack.

The report mostly focused on concrete numbers, but it pointed to a few specific events that impacted crypto. Markets hit a local high around Trump’s inauguration, thanks to market euphoria over possible friendly policies.

His TRUMP meme coin fueled a brief frenzy in Solana meme coin activity, but this quickly slumped. The LIBRA scandal had a further dampening impact.

Bitcoin increased its dominance in Q1 2025, accounting for 59.1% of crypto’s total market cap. It hasn’t maintained that share of the market since 2021, symbolizing how much more stable it’s been than altcoins.

Nevertheless, BTC also fell 11.8% and was outperformed by gold and US Treasury bonds.

This data point is especially worrying because Trump’s tariffs have wrought havoc on Treasury yields. Even so, the report clearly shows that the rest of crypto suffered even more. Ethereum’s entire 2024 gains vanished in Q1 2025, and multichain DeFi TVL fell 27.5%. C

ountless other areas saw similar results, but they’re too numerous to easily summarize.

That is to say, almost every quantifiable positive development came with at least one major caveat. Solana dominated the DEX trade, but its TVL declined by over one-fifth.

Bitcoin ETFs saw $1 billion in fresh inflows, but total AUM fell by nearly $9 billion due to price drops. The reports reflect that recession fears are gripping the crypto market.

The post Crypto Market Lost $633 Billion in Q1 2025, CoinGecko Report Shows appeared first on BeInCrypto.

DWF Labs announced today that it invested $25 million into Trump Family-backed World Liberty Financial and is planning to open an office in New York City. It hopes to use this office to drive new relationships with regulators, financial institutions, and more.

Although this partnership would potentially create more liquidity opportunities for the US crypto market, previous allegations against DWF have raised some concerns about political misconduct.

Understanding DWF Labs’ Investment in WLFI

World Liberty Financial (WLFI), one of the Trump family’s major crypto ventures, has been making some big moves since the President’s inauguration in January.

The DeFi project allegedly entered talks with Binance to launch a new stablecoin, and it officially announced USD1 shortly after. Today, WLFI has entered a new partnership with Dubai-based Web3 investment firm DWF Labs.

“The US is the world’s largest single market for digital asset innovation. Our physical presence reflects our confidence in America’s role as the next growth region for institutional crypto adoption. Moreover,  the USD1 stablecoin and forthcoming global DeFi solutions align with our broader mission to improve financial services,” claimed Managing Partner Andrei Grachev.

DWF’s statement includes a few key details about its new relationship with WLFI. It essentially boils down to two key points: the firm has already purchased $25 million in WLFI tokens, and it plans to open a physical office in New York City.

On a positive note, this partnership could be significant for the overall US crypto market. DWF Labs has a portfolio of over 700 crypto projects.

So, physically setting up a hub in New York will give me regulatory freedom and the opportunity to invest directly in the local crypto market. This would potentially open up more liquidity for upcoming Web3 projects and startups in the US

DWF Labs just dropped $25M on World Liberty Financial!@worldlibertyfi is a DeFi platform with ties to Trump and this marks DWF’s first major move into the U.S., with a new NYC office on the way.

If you don’t know @DWFLabs. They’ve backed 700+ projects (including 20% of the CMC… pic.twitter.com/fGoVmLfNj8

— That Martini Guy ₿ (@MartiniGuyYT) April 16, 2025

Concerns of Financial Misconduct

Although DWF Labs is a popular market maker, it has been at the center of major controversies. Last year, it was accused of wash trading and market manipulation, and Binance allegedly shut down its internal investigation due to financial incentives.

Also, one of its partners was dismissed back in October over allegations of drugging a job applicant. So, the firm’s credibility and reputation have been shaky in recent times.

This is to say that the crypto community has reasons to worry about a deal between DWF and World Liberty Financial. A report from late March determined that most WLFI revenues go directly to Trump’s family.

WLFI owners are unable to actually trade their tokens, and the stated governance use of the assets seems unclear. In other words, there isn’t a clear reason why anyone would invest.

The growing concern is that firms like DWF would invest in WLFI as an easy tool for political corruption. Shortly after the election, Tron founder Justin Sun invested $30 million into World Liberty. Trump’s family apparently got most of this money, and the SEC settled a fraud case against Tron in February.

If DWF Labs invested a similar amount in WLFI, could this give it some legal protection? The Department of Justice already gutted its Crypto Enforcement Team, and New York’s US Attorney also signaled its intent to stop crypto prosecutions.

As this deal goes forward, it will be important to look for signs of any possible financial misconduct.

BeInCrypto has contacted DWF Labs about the 2024 market manipulation claims but has yet to receive a reply.

The post DWF Labs Invests $25 Million in Trump’s WLFI Amid Growing Political Controversy appeared first on BeInCrypto.

At the beginning of 2025, Layer-1 (L1) blockchain network Solana found itself in the spotlight, thanks to meme coins. 

Donald Trump’s Official Trump (TRUMP) meme coin launch on January 17 ignited a flurry of activity across the network, driving demand to levels unseen since the 2021 bull cycle. 

While these volatile assets boosted Solana’s network activity and pushed up SOL’s price, they also present a paradox. They have brought in liquidity, users, and attention—but at what cost?

Presidential Memes Pump Solana Into Overdrive

Solana’s cheap, lightning-fast transactions and highly composable DeFi infrastructure make it one of the most preferred blockchains for launching meme coins. So when newly elected Donald Trump launched his TRUMP meme coin on the network in January, it came as no surprise to many.

Following TRUMP’s launch on January 17, demand for Solana skyrocketed, driven on the one hand by developers eager to launch their own meme coins and on the other by the frenzy of trading activity surrounding them.

Melania Trump followed her husband’s lead by launching her MELANIA meme coin on the same chain two days later. This move exacerbated the meme hype and drove significant trade volumes across multiple meme coins, both existing and newly created.

For example, within a day of launch, MELANIA’s trading volume soared 396%, jumping from $1.33 billion to $6.6 billion, according to CoinGecko data. 

Solana Memes Took It to the Moon, Then Back Down

This development drove significant user engagement on Solana.  According to Glassnode, by January 24, the network was processing 832,000 active addresses per hour, over 26 times more than Ethereum, which recorded just 31,000 per hour.

Due to the huge influx of new users on the network, transaction fees rocketed. Per Glassnode, Solana’s total transaction fees climbed to an all-time high of $32.43 million on January 19 after MELANIA launched. On the same day, SOL climbed to an all-time high of $293. 

However, market exhaustion set in shortly after this price peak was reached. The meme coin mania began to fade, taking Solana users with it. Daily active addresses and new demand for the L1 plunged, dragging down DEX volume, SOL’s price, and DeFi TVL.

For example, SOL’s DEX volume hit an all-time high of $36 billion on January 19. But as the meme coin hype cooled off, by January 31, it had plummeted to just $3.8 billion, dropping nearly 90%. As of April 15, this totaled $1.5 billion.

Solana’s network revenue was not spared. Daily revenue, which rose to an all-time high of $16 million on January 19, plummeted to under $5 million by the end of January. Yesterday, the network’s total revenue from all transactions completed was under $115,000. 

Solana Has Bigger Plans, Analyst Says

While TRUMP, MELANIA, and the slew of other meme coins that launched on Solana in the first few weeks of the year drove unprecedented network activity and boosted SOL’s value, the drop in their values and overall trading volumes has impacted the network’s performance. 

It then raises the question of whether Solana’s actual value is now tied to this highly volatile, borderline chaotic asset class.

In an exclusive interview with BeInCrypto, Binance Research spokesperson Marina Zibareva noted that while these meme assets contributed to the network’s growth at the beginning of the year, Solana’s performance remains “increasingly driven by broader ecosystem fundamentals.”

According to Zibareva:

“We’ve seen DeFi TVL grow nearly 4x in SOL terms since January, and stablecoin supply has increased over 6x – pointing to lasting interest in real utility. Developer activity is also accelerating, with smart contract deployments rising almost 6x, suggesting strong long-term potential beyond the speculative wave.”

Although Solana’s inherent features make it a go-to destination for launching meme coins via platforms like Pump.fun, Jupiter, and Meteora, Zibareva sees a future for the network that stretches beyond meme coins. 

“Meme coins have brought attention and users, but the long-term trajectory likely points toward use cases like DeFi, DePIN, Gaming, and SocialFi. Solana’s daily active addresses have increased nearly 6x year-to-date, and with its infrastructure battle-tested, we expect to see more developer activity focused on sustainable value creation,” she added. 

The post Beyond the Meme Coin Frenzy: What’s Next for Solana After the Hype? appeared first on BeInCrypto.

A senior official from Russia’s Finance Ministry has called for the development of stablecoins linked to foreign currencies after wallets connected to Russian users and holding USDT were frozen last month.

The move comes as US-backed stablecoins dominate global liquidity and Washington moves closer to introducing new regulations for the sector. 

Russia Might Enter the Stablecoin Market

The ongoing pro-regulatory shift is drawing in new projects targeting the US market. Russia, facing growing financial restrictions, sees a digital alternative as increasingly necessary.

For Russia, this would be the perfect time to enter the stablecoin competition. Due to the US’ ongoing tariffs and worsening trade relations with China, the USD faces global pressure. Heavily tariffed countries are already considering de-dollarization.

A ruble-backed token could reduce the region’s reliance on USDT and USDC, which both track the US dollar. Such a shift would support Russia’s long-term effort to move away from dollar-based trade.

Elvira Nabiullina, head of Russia’s central bank, remains against using crypto for domestic payments. However, she confirmed that several Russian firms are testing international crypto transfers as part of a government-led trial.

Russia has explored stablecoin initiatives before. In 2023, its central bank reportedly discussed a gold-backed digital currency with Iran, intended for cross-border use and positioned as an alternative to the dollar. 

As BeInCrypto previously reported, Russian businesses are already using Bitcoin and other cryptocurrencies for international transactions.

The urgency of Russia’s stablecoin push increased after Tether blocked wallets on the Garantex exchange, freezing assets worth more than 2.5 billion rubles ($30 million). The incident occurred shortly after Garantex was hit with European Union sanctions.

At the same time, Kyrgyzstan is making moves of its own. The country has announced plans to build a crypto hub, supported by Binance founder Changpeng Zhao. 

A central part of the initiative is A7A5, a stablecoin tied to the ruble that aims to serve emerging markets.

The post Russia to Consider Ruble-Pegged Stablecoin to Challenge US Dollar Dominance appeared first on BeInCrypto.

Raydium is releasing LaunchLab, a new token launchpad to compete with Pump.fun. The exchange announced this platform last month, and its full release has sparked community enthusiasm.

Pump.fun and Raydium have been locked in an intense competition in the Solana ecosystem. Last month, Pump.fun launched its own decentralized exchange, and now Raydium has introduced its own launchpad.

Raydium Increases Solana Dominance with new Launchpad

Raydium, Solana’s largest decentralized exchange, has the opportunity to make some serious gains in the near future. Solana meme coins are eyeing a comeback with heightened trade volumes and rising token prices, and the firm is releasing a long-awaited project.

Although it will compete with Pump.fun, Raydium’s launchpad services look more extensive. They will allow all kinds of tokens to be launched, not just meme coins, and these tokens can be directly traded on the exchange.

“Introducing LaunchLab, Raydium’s all-in-one token launchpad. Built for creators, developers, and the community. Get started with JustSendIt mode: launch a token, hit 85 SOL, [and] liquidity migrates to Raydium’s AMM INSTANTLY. Seamless, on-chain token creation. No migration fee. No gatekeepers,” the firm claimed in its launch announcement.

Pump.fun is the most popular meme coin launchpad on Solana, and its business has been intertwined with Raydium in a few ways. Since it launched Pumpswap, its own DEX, both exchanges have fueled a meme coin frenzy.

A month and a half ago, rumors that it was testing an AMM made Raydium’s RAY token drop significantly.

Last month, however, this same asset soared when Raydium first announced Launchpad. Pump.fun entered the DEX sector, and Raydium is enabling users to launch their own meme coins.

Since this launch announcement took place, RAY spiked around 10%, signifying the community’s enthusiasm.

There may be another explanation for this token rally in addition to community hype. Raydium also mentioned that all of Launchpad’s trading fees will go towards ecosystem development.

More specifically, 25% of these fees will directly fund buybacks of RAY tokens, while the other 75% go towards a Community Pool and Program fee.

These other funds can enable a few generous user incentives. Raydium claimed that Launchpad token creators can earn up to 10% of trading fees from the AMM pool post-graduation, and users can also receive SOL tokens from referring new clients. Token creators will also enjoy several other quality-of-life features.

The post Raydium’s New Token Launchpad to Compete with Pump.Fun appeared first on BeInCrypto.

Pi Network (PI) is down nearly 10% in the last 24 hours, as multiple indicators point to growing bearish momentum. The DMI shows a clear shift from an uptrend to a downtrend, while CMF data confirms increasing outflows.

EMA lines are also warning of a potential death cross, which could trigger further losses. Here’s a breakdown of what the charts are signaling for PI in the near term.

Bearish Momentum Builds as PI Network’s DMI Flips to Downtrend

Pi Network’s (PI) DMI chart reveals a clear shift in momentum, with the ADX dropping from 43.68 to 39.17 over the past two days.

The ADX, or Average Directional Index, measures the strength of a trend, with values above 25 generally indicating a strong trend.

Although the current reading still suggests solid momentum, the recent decline in ADX combined with the trend reversal from uptrend to downtrend signals that bullish strength is fading and bearish pressure is taking control.

Supporting this shift, the +DI (Directional Indicator) has dropped sharply from 22.11 to 13.29, while the -DI has surged from 11.32 to 30.95.

The +DI represents bullish strength, and the -DI represents bearish strength—so this crossover and widening gap confirm that sellers are now in control. This setup typically points to continued downside, especially if the -DI remains dominant and the ADX stabilizes or rises again, signaling a strengthening bearish trend.

Unless there’s a sharp reversal in these indicators, PI could remain under pressure in the near term.

Selling Pressure Intensifies as Outflows Accelerate on PI Network

Pi Network’s Chaikin Money Flow (CMF) has dropped sharply to -0.13, down from 0.07 just a day ago. The CMF is a volume-based indicator that measures the flow of money in and out of an asset over a set period.

It ranges from -1 to +1, with positive values indicating buying pressure and negative values suggesting selling pressure.

A sudden shift from positive to negative typically signals a change in sentiment and potential weakness ahead.

With the CMF now at -0.13, it suggests that outflows are picking up and sellers are becoming more active.

This kind of drop often reflects reduced demand and a lack of confidence from buyers, especially if it comes alongside declining prices or weakening momentum indicators.

If the CMF remains in negative territory, it could point to sustained bearish pressure and a risk of further downside for PI unless strong inflows return soon.

Will PI Fall Below $0.50?

Pi Network’s EMA lines are signaling a potential death cross, where the short-term moving average crosses below the long-term moving average.

This is typically seen as a bearish sign, often preceding further downside. If confirmed, it could lead PI to retest the support level at $0.54.

A break below that level may open the door for a move under $0.50, especially if overall momentum continues to weaken, as analysts warn about Pi Network transparency after Mantra’s OM token collapse.

However, if the trend reverses and buyers step back in, PI price could regain strength and push toward the resistance at $0.66.

A breakout above that level would be an early sign of renewed bullish momentum.

If that move holds and gains traction, the next key target would be $0.789, which could be a major test of the strength of the recovery.

The post Pi Network (PI) Drops 10% as Outflows Surge and Death Cross Emerges appeared first on BeInCrypto.

Starknet (STRK) remains under pressure, but signs of stabilization are beginning to emerge. Despite releasing 127.6 million tokens into circulation in its next unlock, the project is pushing forward with adoption efforts, including enabling STRK payments in 15,000 shops worldwide.

Technically, the RSI is in neutral territory, and the CMF is showing reduced selling pressure, hinting at a potential shift in momentum. However, the EMA lines still reflect a downtrend, keeping the outlook cautious for now.

Starknet RSI Is Still Neutral

Starknet was one of the most anticipated token unlocks of the third week of April, releasing 127.6 million STRK tokens worth approximately $15.71 million into circulation.

Despite this major supply event, the project is trying to build long-term utility.

Recently, it announced that STRK can now be used for payments in 15,000 shops worldwide—a move aimed at boosting adoption and real-world use cases.

From a technical perspective, STRK’s RSI is currently at 42.92, recovering from 37.29 yesterday but slightly down from 44.76 earlier today.

The Relative Strength Index (RSI) measures momentum on a scale from 0 to 100, with readings above 70 typically indicating overbought conditions and below 30 signaling oversold territory.

An RSI around 43 suggests neutral-to-bearish momentum, with sellers still maintaining some control. If RSI continues to climb, it could signal a shift toward a recovery, but for now, STRK remains in a cautious zone.

STRK CMF Shows Buyers Are Returning

StarkNet’s Chaikin Money Flow (CMF) has improved to -0.10, up from -0.32 yesterday, signaling a reduction in selling pressure.

The CMF is a volume-based indicator that measures the flow of money into or out of an asset over time. It ranges from -1 to +1, with values above 0 indicating buying (accumulation) and below 0 indicating selling (distribution).

Although still in negative territory, the rise toward the neutral line suggests that bearish momentum is weakening. A CMF reading of -0.10 points to moderate outflows, but the upward shift could hint at growing interest from buyers.

If this trend continues and CMF crosses into positive territory, it may support a short-term recovery in STRK’s price.

Will Starknet Fall Below $0.11?

Starknet’s EMA lines continue to reflect a downtrend, with short-term averages positioned below long-term ones—a classic bearish setup.

If this pattern holds and selling pressure increases, STRK could decline further to test the support level near $0.109.

However, if momentum shifts and STRK manages to reverse the current trend, it could begin retesting key resistance levels at $0.137 and $0.142.

A breakout above these zones may open the path toward $0.158, signaling a stronger recovery.

The post Starknet (STRK) Eyes Recovery With Improving Indicators appeared first on BeInCrypto.

Solana (SOL) is up 20% over the past seven days, supported by strong technical indicators and rising on-chain activity. Its Ichimoku Cloud and BBTrend charts both point to bullish momentum, with trend strength and volatility on the rise.

At the same time, Solana is reclaiming the top spot in DEX volume and dominating protocol fee rankings across major DeFi apps. With a recent golden cross on the EMA lines, SOL now looks set to test key resistance levels if momentum holds.

Solana Indicators Paint A Bullish Picture

Solana Ichimoku Cloud chart shows a clear bullish structure, with price trading above both the Tenkan-sen and Kijun-sen. This alignment indicates strong short- and medium-term momentum, with buyers maintaining control.

The Kumo ahead is green and steadily expanding, which supports the continuation of the current uptrend. The distance between the price and the cloud also gives the trend some room before any potential weakness sets in.

The Chikou Span is positioned above the cloud and candles, confirming bullish confirmation from past price action. As long as Solana stays above the Kijun-sen and the cloud remains supportive, the trend bias remains upward.

Solana’s BBTrend is currently at 16.89, showing a strong increase from 1.88 two days ago, though slightly down from 17.54 yesterday. This sharp rise indicates that volatility and trend strength have recently expanded significantly.

The BBTrend, or Bollinger Band Trend indicator, measures the strength of a trend based on how far price moves away from its average range. Readings above 10 generally signal a strong trend in motion, while lower values reflect a range-bound or weak market.

With SOL’s BBTrend holding near elevated levels, it suggests the asset is still in a strong trending phase. If it remains high or rises again, it could support further upward movement—but a steady decline might hint at a slowing trend or consolidation ahead.

SOL Volumes and Apps Are On The Rise

Solana is firmly reestablishing its dominance in the decentralized exchange (DEX) space, pulling ahead of Ethereum and BNB in daily volume.

Over the past 24 hours, Solana recorded $2.5 billion in DEX activity, marking a 14% increase over the last seven days. That growth outpaces Base’s 10% and contrasts sharply with the declines seen on Ethereum (-3%) and BNB (-9%).

More impressively, Solana’s seven-day DEX volume has surpassed the combined volume of Base, BNB, and Arbitrum.

Beyond trading volume, Solana is also leading in protocol revenue generation. Among the top eight non-stablecoin protocols ranked by fees, five are directly built on Solana: Pump, Axiom, Jupiter, Jito, and Meteora.

Pump stands out in particular, generating $2.73 million in fees in just the past 24 hours and $15 million across the past week.

Can Solana Break Above $150 In The Next Weeks?

Solana’s EMA lines recently formed a golden cross, a bullish signal that often marks the start of a new uptrend.

This crossover suggests momentum is shifting in favor of buyers, with the potential for Solana price to soon test key resistance levels.

If the current trend holds, Solana could challenge resistance around the $136 zone. A breakout there may open the path toward higher levels such as $147, $160, and even $180 if bullish pressure intensifies.

However, if momentum fades, Solana may face a pullback toward the $124 support zone. A break below that could trigger deeper downside moves, potentially revisiting $112 or even $95 if selling pressure accelerates.

The post Solana (SOL) Jumps 20% In a Week With DEX Volume and Protocol Fees Soaring appeared first on BeInCrypto.