14 hours ago

Solana (SOL) Back on Track: Is The Uptrend Here to Stay?

Solana started a fresh increase from the $215 zone. SOL price is rising and might aim for a move above the $240 and $250 resistance levels. SOL price started a fresh increase after it settled above the $222 level against the US Dollar. The price is now trading above $230 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $232 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $240 zone. Solana Price Eyes Fresh Surge Solana price formed a support base and started a fresh increase above the $220 level like Bitcoin and Ethereum . There was a decent increase above the $225 and $230 resistance levels. There was a move above the 50% Fib retracement level of the downward move from the $246 swing high to the $215 low. Besides, there was a break above a key bearish trend line with resistance at $232 on the hourly chart of the SOL/USD pair. Solana is now trading above $235 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $240 level or the 76.4% Fib retracement level of the downward move from the $246 swing high to the $215 low. The next major resistance is near the $246 level. The main resistance could be $250. A successful close above the $250 resistance level could set the pace for another steady increase. The next key resistance is $265. Any more gains might send the price toward the $280 level. Another Decline in SOL? If SOL fails to rise above the $240 resistance, it could start another decline. Initial support on the downside is near the $230 level or the 100-hourly simple moving average. The first major support is near the $220 level. A break below the $220 level might send the price toward the $215 zone. If there is a close below the $215 support, the price could decline toward the $200 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $230 and $220. Major Resistance Levels – $240 and $250.

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Solana Memecoin GIGA Rips 51% After Coinbase Adds Altcoin to Listing Roadmap

A Solana ( SOL )-based memecoin is surging by double digits after Coinbase added the crypto asset to its listing roadmap. Gigachad ( GIGA ), a crypto asset inspired by the photo shoot of Russian bodybuilder Ernest Khalimov, soared 51% as the top US crypto exchange made the announcement . GIGA was trading for $0.0414 Wednesday morning and shot up to a high of $0.0627. GIGA has since retraced and is trading for $0.04856 at time of writing. With a market cap of $467.5 million, GIGA is the 237th largest crypto project. Coinbase uses the listing roadmap for transparency and to prevent insider trading on coins prior to them being listed. Being placed on the listing roadmap means the firm has determined the asset will likely be available for trading in the future. The exchange also announced the roadmap listing of Ethereum ( ETH )-based Turbo ( TURBO ), a GPT-4 inspired memecoin. After the announcement, TURBO shot up from $0.007723 to $0.009075, a more than 17% jump. TURBO has since retraced and is trading for $0.008165 at time of writing. With a market cap of $563.1 million, TURBO is the 202nd largest crypto project. The two memecoins are among several others that Coinbase has recently indicated it will soon support. The exchange announced this week it was adding to its roadmap MOG Coin ( MOG ), a memecoin available on both the Ethereum and Base blockchains, as well as the new Solana-based memecoin Moo Deng ( MOODENG ). MOG is trading for $0.000002317 at time of writing, down 4.6% in the last 24 hours. Meanwhile, MOODENG is trading for $0.0001323, up 12.7% in the last 24 hours. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Solana Memecoin GIGA Rips 51% After Coinbase Adds Altcoin to Listing Roadmap appeared first on The Daily Hodl . NewsBTC

Bitcoin Price Bounces Back after Kimchi Premium Flash Crash

Bitcoin traders are staying cautious but optimistic after a wild price dip below $94,000, triggered by political turmoil in South Korea. On Dec. 4,... NewsBTC