Shiba Inu (SHIB) Price Trajectory Largely Depends on Bitcoin

Onyxcoin (XCN) has risen more than 3% in the last 24 hours and nearly 12% over the past week, bringing its market cap back to around $640 million.

After a volatile week, XCN’s technical indicators show important shifts that could shape its next move. The token’s RSI, ADX, and EMA structures all suggest a mix of stabilizing momentum and caution signs. Here’s a closer look at the current setup for Onyxcoin heading into the first week of May.

Onyxcoin RSI Bounces Back, Setting Neutral Stage for Next Move

Onyxcoin’s Relative Strength Index (RSI) is currently at 48.89, after reaching as high as 75 just five days ago. The RSI had fallen sharply to 34.88 yesterday but has since recovered, suggesting that selling pressure may be easing.

This recent bounce shows momentum is trying to stabilize, although the token remains well below the recent overbought zone it touched earlier in the week.

The shift also signals that Onyxcoin is no longer close to oversold territory, but has yet to show a clear direction for its next major move.

The RSI is a widely used technical indicator that measures the speed and magnitude of an asset’s recent price movements to assess whether it is overbought or oversold.

Typically, an RSI above 70 indicates overbought conditions and potential for a pullback, while an RSI below 30 signals oversold conditions and potential for a rebound.

With XCN’s RSI now sitting at 48.89, the token is in a neutral zone, providing room for further upside if positive momentum continues. If buying pressure increases from here, XCN could build a stronger recovery without immediately facing technical resistance from overbought conditions.

XCN Uptrend Remains, But Trend Strength Weakens

Onyxcoin Average Directional Index (ADX) is currently at 23.64, a significant drop from the 50 level it reached just two days ago.

This sharp decrease suggests that the strength of the recent trend has weakened, even though Onyxcoin remains technically in an uptrend.

The decline in ADX reflects a cooling in momentum after a strong directional move earlier in the week. While the uptrend is still intact, the lower ADX reading signals that the trend’s strength is no longer as dominant as it was a few days ago.

The ADX is a technical indicator that measures a trend’s strength, but not the direction. Values above 25 typically suggest a strong trend, while values below 20 point to a weak or directionless market.

With XCN’s ADX now sitting at 23.64, the trend is still moderately strong but close to losing strength if the reading continues to fall.

This means that while Onyxcoin’s uptrend remains, it may require renewed buying pressure soon to avoid slipping into a period of consolidation or sideways movement.

Onyxcoin Holds Support, But EMA Gap Signals Caution

XCN gained around 112% in April, making it one of the best-performing altcoins for the month. Its Exponential Moving Average (EMA) lines remain bullish, with the short-term EMAs still positioned above the long-term ones.

However, the gap between the short-term and long-term EMAs has narrowed compared to previous days, indicating that the bullish momentum is losing some strength.

While the general trend remains positive, the shrinking distance between the EMAs suggests that the market is approaching a critical point where a clearer direction could soon emerge.

In the last few days, Onyxcoin successfully tested and held the support zone around $0.018, but this level remains fragile.

If XCN tests this support again and fails to hold it, the price could drop toward the next support near $0.016. On the upside, if buying momentum returns, XCN could rally to test the $0.024 resistance.

A breakout above $0.024 could open the door for a continuation toward $0.027, offering a strong bullish setup if momentum strengthens.

The post Onyxcoin (XCN) Bullish Momentum Could Be Fading Despite 10% Weekly Gains appeared first on BeInCrypto.

In the wave of memes, MemeBox is accelerating the expansion of its multi-chain ecosystem. Recently, Gate.io MemeBox announced its official integration with the Solana ecosystem, marking a new stage in its multi-chain strategy that will introduce more high-quality assets to the platform and strengthen its influence in meme-asset trading.

To date, MemeBox has built a robust trading foundation on major public chains such as Ethereum, BNB Chain, and Base, occupying the core positions for trading popular assets Gate.io. This expansion to the Solana ecosystem is a crucial step toward creating a global hub for on-chain trending-asset trading, further enhancing the strategic layout of its cross-chain trading network.

Solana: The Golden Magnet for Meme Projects, Opportunities Abound

As a flagship of third-generation high-performance public blockchains, Solana is rapidly evolving into the golden magnet for meme projects, drawing worldwide attention. Its proprietary Proof of History (PoH) consensus mechanism shatters the performance constraints of traditional chains, enabling up to 65,000 transactions per second, far surpassing other major public chains. At the same time, transaction fees drop to mere cents, creating an ideal environment for low-barrier meme adoption and ultra-high-frequency trading.

On this fertile technical foundation, meme projects have sprung up across the Solana ecosystem, each boasting unique features and vibrant energy. For example, BONK, championing itself as “the people’s coin,” airdropped 50% of its total supply free of charge to Solana community members, including artists, developers, and NFT collectors, quickly galvanizing a powerful on-chain community consensus and setting the benchmark for community-driven meme tokens.

Meanwhile, WIF, with its whimsical “dog wif a hat” mascot and an ultra-minimalist marketing approach, went viral across social platforms, even displayed on the iconic Sphere in Las Vegas, capturing global attention.

BOME has innovatively introduced a truly fair-launch mechanism, no presale, no premine and no team allocation, so that everyone starts on exactly the same footing. Users simply donate SOL to receive tokens, and every penny donated goes straight into the liquidity pool. This approach struck a powerful chord, sending BOME’s market capitalization soaring past the $1 billion mark in record time and creating one of crypto’s most remarkable growth stories.

The meteoric rise of these phenomenon-level meme projects owes everything to Solana’s high-throughput, low-cost environment. Yet for investors, the real challenge is spotting a project’s potential and value signals right at the moment it first appears.

By deploying into the Solana ecosystem, MemeBox aims to build a bridge to the hottest Solana assets for investors. It not only gives users rapid on-chain access to top-tier meme projects but also throws open the gateway to discovering high-potential assets and capturing emerging value.

MemeBox × Solana: In-Depth Strategic Layout Analysis

MemeBox’s integration of Solana is not merely a technical consolidation but a carefully weighed strategic deployment. As a leading on-chain hub for trending-asset trading, MemeBox has always been committed to broadening and diversifying users’ asset choices. Solana, with its unparalleled performance advantages and ever-accelerating project incubation, is now a pivotal pillar in MemeBox’s multi-chain strategy.

By onboarding the Solana ecosystem, MemeBox takes another significant step along its multi-chain rollout path: it not only breaks down ecological barriers between core networks, but also rapidly incorporates Solana’s high-quality assets into its trading infrastructure. This move is designed to sharpen the platform’s responsiveness to emerging market opportunities, and it underscores MemeBox’s unwavering resolve to meet users’ varied investment needs.

Leveraging its platform resources and deep liquidity, MemeBox will offer Solana-based meme projects greater market visibility and trading support, helping them achieve rapid growth across a broader market landscape.

Solana Ecosystem’s Hottest Assets Landing Soon on MemeBox

MemeBox is primed and ready to officially support the Solana chain. The first wave of listings will feature Solana ecosystem’s most sought-after assets, each backed by vibrant communities and strong growth potential. Their arrival will give MemeBox users even more diversified investment opportunities and an entirely new on-chain asset experience.

To celebrate the integration of the Solana network, Gate.io will launch a limited-time SOL airdrop event from April 30 at 2:00 to May 6 at 2:00 (UTC). During the event, users who complete their first trade on MemeBox will receive a random reward of 0.01 to 0.5 SOL from a total prize pool of 150 SOL. Pilot users trading SIGN on MemeBox for the first time will receive an additional 0.02 SOL bonus. The event will also feature lucky draws and exclusive benefits available through social media channels.

This is just the beginning of MemeBox’s expansion into Solana. Going forward, MemeBox will continuously track on-chain developments to surface the brightest up-and-coming projects. With its sharp market instincts and a lightning-fast listing process, MemeBox will be the first to deliver Solana’s hottest assets to users around the globe, ensuring investors always stay at the forefront of the next big opportunity.

MemeBox: Ushering in a New Era of On-Chain Trending Asset Trading

MemeBox is redefining the landscape of on-chain trending asset trading through its unique product advantages. By integrating AI technology, the platform is capable of scanning blockchain networks and on-chain activities in real time to accurately identify market trends and automatically list new projects at high speed. This rapid-response mechanism enables users to invest in meme tokens at the earliest stage of their breakout, securing a first-mover advantage.

In terms of multi-chain integration, MemeBox has built a diversified trading ecosystem spanning multiple major public chains. By incorporating core blockchain networks, including Solana, the platform delivers a seamless, one-stop experience for trading trending on-chain assets. Users can trade across chains without the need to constantly switch wallets or perform complex cross-chain operations, significantly improving both usability and trading efficiency.

When it comes to project vetting, MemeBox adheres to a user-centric approach, establishing a comprehensive, multi-dimensional screening framework. From smart contract security audits and token holder analysis to identifying potential “rat trading” addresses, the platform conducts comprehensive due diligence to detect problematic tokens and aims to provide a secure and trustworthy trading environment for its users.

In terms of user experience, MemeBox embraces an ultra-simple product philosophy. Users don’t need to master complex Web3 concepts or manage cumbersome wallets or private keys. They can trade on-chain, high-profile meme assets with a single click using USDT already sitting in their Gate.io account. This zero-threshold design means even blockchain newcomers can effortlessly seize investment opportunities in the meme market.

At present, the meme-token market is undergoing explosive growth, and the Solana ecosystem, one of the most dynamic incubators in that space, harbors enormous upside potential. By strategically entering Solana, MemeBox not only opens a direct gateway to the core of the meme economy but also empowers users to capture first-mover advantages and fully participate in, and share, the rapid-growth dividends of the meme market.

Competing in the Multi-Chain Era, MemeBox Leads a New Wave of Investment

The integration of the Solana ecosystem marks a pivotal advancement in MemeBox’s multi-chain strategy. This move not only expands the platform’s ecosystem boundaries by onboarding more high-quality on-chain assets, but more importantly, opens the gateway for users to tap into emerging investment opportunities, broadening both the scope and vision of their asset allocation strategies.

Looking ahead, MemeBox will remain committed to its core development philosophy of “innovation-driven, professionalism-rooted, and user-first.” The platform will continue to explore the vast possibilities within the blockchain world, identifying high-potential projects and promising ecosystems. At the same time, it will refine its offerings across product performance, user experience, and trading efficiency, striving to become the premier launchpad and value hub for trending on-chain assets worldwide.

Disclaimer: This content does not constitute an offer, solicitation, or recommendation. You should always seek independent professional advice before making investment decisions. Gate.io may restrict or prohibit certain services in specific jurisdictions. For more details, please read the User Agreement: https://www.gate.io/zh/user-agreement.

The post Gate.io MemeBox Now Integrated into the Solana Ecosystem for Faster On-Chain Asset Trading appeared first on BeInCrypto.

After months of decline, Solana meme coins are regaining bullish momentum. Daily trade volumes are increasing dramatically, and most of the leading tokens are posting notable price gains.

The increasing network activity is also helping Solana to recover after a 12-month low. Most recently, pump-and-dump schemes and tariff chaos rocked the meme coin sector, but speculative assets are regaining momentum as macroeconomic fears start to cool down.

Are Solana Meme Coins On the Rise Again?

Solana meme coins have been a popular sector of the crypto ecosystem, but a few controversies have taken bites out of the market in recent months.

In addition to pump-and-dumps and the Argentinian LIBRA scandal damaging these assets’ reputations, tariff-related chaos helped draw investors away from these meme assets. Despite this, however, volume is picking back up:

“Meme trading platform Axiom’s daily trading volume exceeded $100 million for the first time on April 14, accounting for about 50% of the market share of Solana Meme trading platform. The number of trading users reached 26,800, a record high,” claimed Colin Wu.

Axiom may represent half of the trading for these assets, but it isn’t the only site with heightened volumes. Pump.fun recently launched Pumpswap, a new decentralized exchange that quickly captured 14% of Solana’s DEX market.

Trading volumes are spiking on PumpSwap, with daily trading volume surging by 50% on Tuesday, April 15.

Data from DefiLlama shows that DEX trading on Solana is starting to recover after a massive drop in March. In other words, Solana meme coins’ growth isn’t isolated to either of these platforms either.

These stats have a long way to go before they recover their all-time high from January, but these signs of regrowth are still very promising.

Additionally, individual Solana meme coins are making huge strides in price performance. In the last week, eight of the ten largest assets in this category posted double-digit gains.

One of the two losers this week was TRUMP, which has been adversely impacted by tariff chaos and the latest token unlock. Nonetheless, it managed to achieve a 4.5% price jump. Most of the top ten had gains of over 20% during this period.

This increased network activity is also reflected in Solana’s price. Last week, it began recovering from a 12-month low and has since rocketed up with 20% price gains.

For now, it seems like Solana meme coins are eyeing a real comeback, at least for the short term. However, another macroeconomic shock could see these risk assets reacting more severely than the wider market.

The post Solana Meme Coins Are Eyeing a Comeback as Trading Volumes Surge appeared first on BeInCrypto.