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Solana price trades at $163 today, August 2, with a 2.86% drop in 24 hours. Whales are now selling, fuelling the possibility of further dips. With longs taking the brunt, a fall to $120 is a real possibility, especially now that a bearish structure is emerging. Solana Price Faces Crash to $120 Amid Bearish Rounding
The post Solana Price Prediction- Whale Dumps $17M SOL After Record $57M Long Squeeze As Crash to $120 Looks Imminent appeared first on CoinGape.
The post Meme Coins Are Pumping as Bitcoin Hits $94K — Memecoins to Watch Today appeared first on Coinpedia Fintech News
The crypto market is having a great day, and meme coins are leading the way. Bitcoin has gone up by 5% and just crossed the $94,000 mark — its highest in the last six weeks. As a result, meme coins are also going up fast, and many traders are now keeping a close eye on them.
Let’s take a look at some of the top-performing meme coins today.
Dogecoin, the original meme coin, is making a strong comeback. It has gone up by more than 20% in just one week and is now targeting the $0.26 level. It has already moved above $0.20, which is a key level for the coin.
With technical signals turning positive, including a breakout from a falling wedge pattern, analysts are expecting more upward movement.
Pepe Coin has also been gaining strong traction. The frog-themed token is up nearly 30% over the past week, now trading around $0.0000092. Traders are watching closely as it nears the $0.00001050 resistance. If it can break and hold above this level, analysts believe it could trigger a wave of FOMO, bringing even more buyers into the market.
Solana-based memecoin BONK has seen an impressive 20% daily rise, now trading near $0.000016. However, it’s now bumping into a key resistance zone that has held firm in the past.
If BONK can close above the $0.0000178 area, the next target could be $0.00002044. But short-term indicators suggest a small pullback may come first.
Official TRUMP (TRUM) coin is one of the most talked-about meme coins on the Solana network. It’s everywhere right now, showing up on all the big crypto exchanges.
As of now, TRUMP’s coin price has jumped nearly 10% and is now sitting around $9.47. This boost came after news that Donald Trump might lower trade tariffs on China.
Fartcoin is a fun meme coin that was launched in late October. What makes it special is that its concept was created with the help of artificial intelligence. It started at $0.75 and recently climbed to about $1.16, thanks to strong interest from large investors. The coin has also gone up 8% in just the last 24 hours.
Meanwhile, some experts think Fartcoin could continue to grow and may reach around $1.40 soon, although the rise might be slower from here.
The post Meme Coins Are Pumping as Bitcoin Hits $94K — Memecoins to Watch Today appeared first on Coinpedia Fintech News
The crypto market is having a great day, and meme coins are leading the way. Bitcoin has gone up by 5% and just crossed the $94,000 mark — its highest in the last six weeks. As a result, meme coins are also going up fast, and many traders are now keeping a close eye on …
XRP price opened trading at $2.25 on Thursday, March 19, with key derivatives trading signals leaning bullish ahead of the U.S. Federal Reserve’s rate decision. Can XRP price breach the $2.5 resistance in the upcoming trading sessions?
Ripple (XRP) was among the top-performing altcoins last week, driven by reports that the U.S. Securities and Exchange Commission (SEC) was considering classifying XRP as a commodity as part of its settlement talks with Ripple. The anticipation that this move could eliminate a significant regulatory hurdle for altcoin ETF approvals fueled a strong rally.
Investors flocked to XRP, alongside other top altcoins such as Litecoin (LTC), Cardano (ADA), and Hedera (HBAR), with ETF approval filling in progress, all of which posted double-digit gains before facing corrections this week.
However, this week, the momentum has shifted away from XRP as new ETF developments have emerged. Canary Capital’s filing for a SUI spot ETF—its sixth altcoin ETF filing —alongside Nasdaq’s Polkadot ETF application has spurred fresh investor interest. As a result, both DOT and SUI have experienced notable price surges.
A broader market analysis suggests that investors are rotating capital out of last week’s top gainers, including XRP, in pursuit of these emerging narratives.
This rotation has left Ripple price trading below the $2.30 mark on Thursday, with its trading volume declining alongside other major altcoins such as LTC, SOL, and ADA, all of which have seen increased selling pressure over the past 24 hours.
While XRP’s price has struggled to maintain momentum this week, investors have rotated capital into emerging altcoins like Polkadot (DOT) and SUI, driven by fresh ETF narratives. Despite the bearish sentiment in the spot market, derivatives trading data reveals a more optimistic outlook, with traders positioning themselves for potential upside ahead of the U.S. Federal Reserve’s rate decision.
Three vital derivative trading indices compiled by CoinGlass on Wednesday suggesting an imminent bullish reversal in XRP price momentum:
XRP derivatives trading volume has increased by 7.34%, reaching $5.05 billion, while open interest (OI)—the total value of active futures contracts—has edged up 1.85% to $3.19 billion. This signals growing market participation, with traders actively opening new positions in anticipation of heightened volatility. An uptick in OI typically reflects confidence in an impending price move.
On leading exchanges, XRP traders are showing a strong inclination towards long positions. The long/short ratio on Binance XRP/USDT accounts stands at 2.394, meaning there are nearly 2.4 long positions for every short. Similarly, OKX’s long/short ratio is 2.01, reinforcing the bullish outlook. When traders disproportionately favor longs, it often suggests an expectation of upward price movement.
XRP’s sell-side liquidations have notably decreased, suggesting that bearish pressure is easing. In contrast, buy-side liquidations have risen, indicating that leveraged traders are positioning for an upward price move. This shift reduces the risk of downside volatility and supports the case for a potential recovery rally.
Despite short-term price consolidation below the $2.30 level, XRP derivatives traders appear to be positioning for a bullish breakout towards $2.50. With rising open interest, a positive long/short ratio, and reduced sell-side liquidations, XRP may be primed for an upward move—contingent on the broader market reaction to the Fed’s rate decision on Wednesday.
XRP price forecast remains cautiously bullish as the price consolidates around $2.28, with technical indicators showing mixed signals ahead of a potential breakout. The Bollinger Bands (BB) midpoint at $2.33 remains a key resistance level, while the lower BB at $1.95 provides strong support. A decisive break above $2.33 could trigger momentum toward $2.50, where a breakout may fuel an extended rally.
The MACD indicator is flashing early signs of a bullish crossover, with the MACD line moving upward toward the signal line, suggesting waning bearish momentum. Additionally, the histogram bars are transitioning from red to green, reinforcing the potential for a bullish reversal. The previous 30% rally within four trading sessions, highlighted in the chart, sets a precedent for XRP’s ability to surge once a breakout occurs.
However, the recent 7.88% retracement over the last four sessions raises caution. A failure to reclaim $2.33 could see further declines, with $2.00 as the next major support. The trading volume of 609M during the recent pullback suggests some hesitation among buyers. If XRP can sustain momentum and break $2.50, it could target $2.70-$2.90 in the coming weeks. Conversely, rejection at resistance could trigger further downside consolidation.
The post Ripple (XRP) Price flashes 3 Bullish Signals ahead of US Fed Rate Decision appeared first on CoinGape.
United States President Donald Trump will likely trigger an indirect crypto market rally, judging by his latest forecast on the mainstream stock market, driven by his administration’s new policies. While many experts have noted that the Trump administration’s policies have almost damaged the economy, new developments show that a massive shift is coming.
During a recent speech, President Trump stated that his trip to Saudi Arabia secured over $1 trillion in investments for the United States. He highlighted upcoming commercial deals with major companies such as Amazon and Oracle. According to him, these investments would drive a rise in the stock market and increase jobs.
At the Saudi-U.S. Investment Forum event in Riyadh, Donald Trump addressed past criticism over his support for investing in assets. He insisted that people who followed his early advice now saw the benefits. He predicted that an explosion of investments was underway. He added that stocks would respond strongly to the new policy direction, possibly rubbing off on the crypto market.
In an earlier update, CoinGape noted that on May 12, the S&P 500 turned positive as it closed at 3.26% higher at 5,844.19, officially entering a bull market. It has gained over 1,000 points in the last month, erasing previous losses for 2025. Analysts say the market rally is supported by optimism around U.S.-China trade talks, which resulted in a 90-day halt on levies.
It is worth noting that while stocks rose, the crypto market, led by Bitcoin, also climbed steadily. According to CoinMarketCap, the largest cryptocurrency trades at $104,287.29, depicting a 1.68% increase in 24 hours.
Data from Santiment shows that wallets between 10 and 10,000 BTC added over 83,000 BTC in 30 days. On the other hand, smaller wallets holding less than 0.1 BTC sold 387 BTC, signaling a wave of profit-taking among retail traders.
This activity shows that large investors are still confident in Bitcoin’s direction. Over the same period, the cryptocurrency moved from $85,000 to $105,000, matching the strength seen in traditional equities.
In a recent post on X, Bloomberg’s Mike McGlone also indirectly weighed in on the crypto market and stock correlation. He noted that Bitcoin’s correlation with the S&P 500 is rising. He believes the crypto market shows leveraged beta behavior and that Bitcoin now carries more systematic risk.
However, CryptoQuant data revealed that buying pressure for Bitcoin has increased. The indicator rose to 1.02 on May 13, signaling short-term buyers’ dominance. Many analysts now wonder if crypto could soon match the stock market’s recent and future breakout pace as predicted by President Donald Trump.
The post Donald Trump Predicts Stock Market Breakout, Will Crypto Market Also Soar? appeared first on CoinGape.