316 days ago
According to data from CoinMarketCap, Solana (SOL) has been slightly positive in the last day, notching a market gain of 1.37%. This price increase, while little, is highly encouraging for investors considering Solana’s bearish form in the past week where it lost 8.11% of its market value. Interestingly, crypto analyst Ali Martinez postulates that SOL could sustain its current positive performance following the discovery of a buy signal. Related Reading: New Solana Meme Coin Baseheroes Surges By 300%, Sealana Could Be Next To Explode Solana Hits Critical $141 Support, TD Sequential Hints At Price Surge Via his X handle on Saturday, Ali Martinez noted that Solana had recently fallen to a key support level at the $141 price mark. According to the analyst, this decline resulted in the generation of a buy signal by the TD Sequential indicator. For context, the Tom DeMark Sequential indicator is a technical analysis tool used to identify potential turning points in the price of an asset. The primary goal of the TD Sequential is to anticipate market reversals and trends by counting a series of price bars. Following Solana’s bearish form in the past week, Martinez states that the token’s price drop to $141 has signaled a potential trend reversal according to signals from TD Sequential. Martinez postulated that if the buy signal proves true and the $141 price mark holds as a solid support level, SOL could maintain a price rally for the next 1-4 days. Interestingly, since hitting the specified support level, Solana climbed by over 3% to trade above the $145 price mark. If SOL maintains the same level of price growth over the next four days, the altcoin is expected to attain a price mark of at least $158. However, a critical resistance lies at the $149 price zone. Sufficient selling pressure at this price may force SOL to resume its bearish trend. Related Reading: Bernstein Analysts Revise Bitcoin Target, $200,000 And $1 Million Become Main Focus SOL Price Overview At press time, Solana trades at $145.16 after a 10.25% decline over the last month. However, the altcoin still remains one of the best-performing major cryptocurrencies in 2024 with a combined market gain of 43.5% all year. Generally, Solana is tipped as one asset to look out for in the expected crypto bull run following its performance in the last bull cycle where it rose from around $3.5 to a peak price of $249.98. In addition, Solana boasts of a robust meme coin ecosystem valued at $7.46 billion which could also contribute to spurring the token’s price to new heights in the coming months. Featured image from Forbes, chart from Tradingview
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Monero Price Jumps Double Digits Due To Massive $330 Million Bitcoin Theft
Privacy-centric coin Monero (XMR) soared as much as 50% on Monday, and on-chain investigators have pointed to a theft event as the likely culprit. Early on Monday, on-chain sleuth ZachXBT flagged a “suspicious transfer” of 3,520 BTC (worth approximately $330.7 million) made from a potential victim’s wallet. Soon after, the loot was laundered through over six exchanges and converted to Monero to obscure the activity. ZachXBT believes this was theft due to the high fees paid and the suspicious activity after the funds had been moved. The transfer sparked an immediate 50% surge in XMR’s price due to the large-scale conversion and the platform’s limited liquidity. Nine hours ago a suspicious transfer was made from a potential victim for 3520 BTC ($330.7M) Theft address bc1qcrypchnrdx87jnal5e5m849fw460t4gk7vz55g Shortly after the funds began to be laundered via 6+ instant exchanges and was swapped for XMR causing the XMR price to spike… — ZachXBT (@zachxbt) April 28, 2025 The on-chain sleuth later noted in follow-up posts that it is “highly probable” the theft was not orchestrated by the infamous North Korean hackers, and that the victim was a longtime Bitcoin holder . While ordinary blockchains such as Bitcoin and Ethereum allow users to track all transactions on the network, Monero’s privacy-preserving nature hides wallet addresses and transactions, making it harder for law enforcement to trace and recover illicit funds. As such, it remains attractive to nefarious actors who want unlinkable and untraceable transactions. According to data from CoinGecko , XMR vaulted 50% higher in response to hit an intraday high of $347.72 — a level not seen since May 2021. At the time of publication, Monero is priced at $276.22, still up 22% over the last 24 hours. The Monero community recently celebrated the coin’s 11th anniversary. Notably, XMR has lost a lot of ground in recent years due to the increasing marginalization of privacy coins. Due to intensifying regulatory pressure, leading crypto exchanges, including Binance, Coinbase, and Kraken, have been forced to delist Monero in various jurisdictions in an effort to fight dark net markets. NewsBTC
Major Investor Makes Waves with $110 Million Bitcoin and Ethereum Purchases
A significant investor has invested $110 million in Bitcoin and Ethereum. Recent purchases have heightened market activity and investor confidence. Continue Reading: Major Investor Makes Waves with $110 Million Bitcoin and Ethereum Purchases The post Major Investor Makes Waves with $110 Million Bitcoin and Ethereum Purchases appeared first on COINTURK NEWS . NewsBTC
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