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📣 Solana (SOL) Might Reclaim $160, But This Needs to Happen First Solana (SOL) is fighting for survival in a visibly tense market. The drawdown in the market has suppressed SOL from breaking away from its psychologically important level of $160. At the time of writing, data from CoinMarketCap pegs the price of Solana at $155.53. 🔺 Solana whale FUD not going away Solana has long been associated with whales moving large amounts of SOL in and out of exchanges. Notably, investors and retail traders do not know when the next major dumping will take place. This has generally kept Solana on the edge as HODLers do not want to get caught up in the mix. According to recent data from crypto analytics provider Whale Alert, an unknown Solana whale moved 260,931 SOL worth approximately $40,502,770 from an unknown wallet to Kraken Exchange. This sort of whale movement is often indicative of a sell-off. While it remains unknown whether or not this whale is planning a sell-off, the current market sentiment is bearish and might weaken investors' resolve to keep betting on SOL. This shaky sentiment is playing out in the price of the coin. From a year-to-date (YTD) high of $209.7, Solana has retracted to its current level after dropping as low as $119 earlier this month. 🔺 Defeating bears Solana is on the watchlist of many traders, and the push to grow might not set in if the bearish whale transaction push does not die down in the near term. Solana is already free from the influence of the FTX Derivatives Exchange implosion. With the trading platform owning a large stack of Solana, its successive auctions have alleviated concerns over price instability in the long term. Solana has also launched a major upgrade on the mainnet to combat the negative impact of network congestion. In all, Solana is prime to build on the more than 590% surge it has recorded over the past year. $SOL #SOL #Solana

Coin : ENA / USDT - LONG POSITION 📈 Time Interval: 1h 🕗 Price : $0.955 ------------- Based on the indicators for ENAUSDT on the 1-hour timeframe, I recommend buying this coin. The moving averages (SMA and EMA) are showing a bullish trend, with the price above all moving averages. The RSI is in the neutral zone, indicating potential for upward movement. Considering the current price of 0.955, set a take profit at 1.05 and a stop loss at 0.87. 🟢 Take Profit: $1.05 🔴 Stop Loss: $0.87 $ENA #ENA #altcoins #signaladvisor

⚠️ DOGE Price: Whales Shuffle 767 Mln Coins Via Robinhood, What’s Next? In a shockwave curating development witnessed today, May 7, Dogecoin whales have once again nabbed significant attention, shifting nearly 767 million coins amid DOGE’s price slip. Coming in tandem with Robinhood’s receiving of a Wells notice by the U.S. SEC (Securities and Exchange Commission), the massive amounts of DOGE tokens shuffled from the crypto exchange took the broader crypto market by storm. These massive whale transactions follow remarkable gains noted by Dogecoin recently, primarily imputed to Tesla’s acceptance of DOGE as a payment method. Collectively, this chronicle has stirred a whirlpool of speculations among crypto market participants over future price movements as DOGE’s price trajectory illustrated a noteworthy dip today. Topping the $0.16 mark briefly in the past 24 hours, the token again slipped to the $0.15 level, aligning with broader market trends. 🔺 Whales Shuffle 767 Mln DOGE Via Robinhood: Report According to the insights streamlined by Whale Alert, 767 million DOGE was collectively shifted through 4 massive transactions in the past 24 hours. While a majority of these transactions illustrated the accumulation of DOGE tokens, a colossal dump undermined these accumulations. Notably, data spotlighted three DOGE accumulations by unknown addresses, worth 79.18 million, 123.81 million, and 163.92 million DOGE tokens. On the other hand, 400 million DOGE was moved to Robinhood by an unknown address, birthing contrasting sentiments over Dogecoin’s price action ahead. In light of Robinhood receiving a Wells notice from the U.S. SEC, a notice that means that the regulatory body plans to bring an enforcement action against Robinhood’s crypto businesses for violating securities laws, these transactions have garnered additional interest. Also, Elon Musk’s Tesla recently integrated Dogecoin as a payment method, but only through DOGE wallets, adding to speculations about the potential motives for these transactions. $DOGE #DOGE #Dogecoin

❓❓Is The Bitcoin ETF Rally Over? Hare Are The Top Reasons Behind Recent Market Slowdown The crypto market’s recent rally, driven largely by the surge of inflows into cryptocurrency exchange-traded funds (ETFs), seems to be losing momentum. As per the Kaiko Report, here’s what could be causing this shift and what it might mean for investors. 🔺 The ETF Rally Stalls ETF inflows have been a significant driver of the crypto market’s recent rally, registering billions of dollars since their launch in early January. However, the ETF inflows and the broader Bitcoin rally have lost some steam since April. Last week, BlackRock’s IBIT, a prominent ETF, registered its first-ever daily outflow of $37 million, breaking a streak of 71 consecutive days of inflows. Similarly, net flows across all ETFs have steadily declined since January. 🔺 Factors Contributing to the Slowdown Several factors could be contributing to this slowdown. Firstly, the initial excitement surrounding the launch of Bitcoin ETFs might be fading as investors become more cautious. Secondly, broader market conditions, including interest rate policies and economic data, affect investor sentiment. Despite the recent slowdown, there are some reasons for optimism. The downturn in ETF inflows seemed to reverse on Friday, with Grayscale’s GBTC and other ETFs seeing strong inflows after cooler-than-expected U.S. jobs data revived hopes of a potential rate cut from the Federal Reserve. This marked the first time that GBTC saw positive inflows, indicating a potential resurgence of investor interest. On a global scale, competition in the ETF market is heating up. Last week, three mainland Chinese asset managers—Bosera Asset Management, Harvest Global Investments, and China Asset Management—launched Bitcoin and Ethereum spot ETFs in Hong Kong. Although the combined trading volume of $12.7 million on the first day was significantly lower than the $4.6 billion traded by U.S. spot ETFs on their launch day, it’s important to note that the Hong Kong ETF market is considerably smaller than its U.S. $BTC #BTC #ETF

🚀 Top Reasons Why Bitcoin Price Reaching $150K Might Be a Long Road Ahead Mike McGlone provided several reasons why it might take time for Bitcoin to hit $150,000. Firstly, he noted Bitcoin’s underperformance compared to the S&P 500 and NASDAQ over the past few years, suggesting a need for improvement. Additionally, McGlone emphasized the importance of Bitcoin performing well against traditional markets and highlighted the potential launch of Ethereum ETFs. He also discussed the enduring trend of Tether being the most widely traded cryptocurrency, serving as a stable digital representation of the US dollar. Moreover, McGlone mentioned the impact of taxes on cryptocurrency transactions and the need for regulatory compliance. Furthermore, he pointed out current market signals indicating deflationary pressures, especially in historical patterns following periods of significant inflation. McGlone cautioned about the potential for a stock market correction leading to deflation and emphasized the Federal Reserve’s potential role in such a scenario. However, he also acknowledged the risk of short-term deflation being followed by inflation, particularly given expansive monetary policies. 💬 He said, “𝙏𝙤 𝙢𝙚, 𝙞𝙩’𝙨 𝙟𝙪𝙨𝙩 𝙖 𝙢𝙖𝙩𝙩𝙚𝙧 𝙤𝙛 𝙩𝙞𝙢𝙚 𝙩𝙝𝙖𝙩 𝙀𝙩𝙝𝙚𝙧𝙚𝙪𝙢 𝙀𝙏𝙁𝙨 𝙬𝙞𝙡𝙡 𝙗𝙚 𝙡𝙖𝙪𝙣𝙘𝙝𝙚𝙙, 𝙗𝙪𝙩 𝙩𝙝𝙚𝙧𝙚’𝙡𝙡 𝙗𝙚 𝙥𝙧𝙤𝙗𝙡𝙚𝙢𝙨 𝙞𝙣 𝙩𝙝𝙚 𝙢𝙚𝙖𝙣𝙩𝙞𝙢𝙚. 𝘽𝙪𝙩 𝙩𝙤 𝙜𝙚𝙩 𝙩𝙤 $150000, 𝙄 𝙩𝙝𝙞𝙣𝙠 𝙩𝙝𝙖𝙩 𝙢𝙚𝙖𝙣𝙨 𝙩𝙝𝙖𝙩 𝙢𝙖𝙮𝙗𝙚 𝙩𝙝𝙚 𝙎&𝙋 500 𝙣𝙚𝙚𝙙𝙨 𝙖𝙣𝙤𝙩𝙝𝙚𝙧 30%.” $BTC #BTC #Bitcoin

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