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Solanablockchain

Coinbase Announces Listing of Solana’s $BONK TokenCoinbase adds BONK token to its listing, joining the ranks of top-performing meme coins despite failure to ignite price surge. Coinbase has officially added the BONK token to its listing. BONK, a dog-themed token operating on the Solana blockchain, has gained substantial momentum in the digital currency market. BONK’s Price Analysis The addition of BONK to Coinbase’s portfolio follows a notable 350% surge in its value over the past month. This impressive growth has catapulted BONK to the forefront of dog-themed cryptocurrencies, a niche but increasingly popular sector within the broader crypto ecosystem. Despite the listing, BONK has been in a retracement for the previous 24 hours after failing to break over the 24-hour high of $0.00001311. As a result, the price of BONK fell to an intra-day low of $0.000009254, where support was established. BONK was trading at $0.00001051 at press time, down 13.57% from its 24-hour high. However, BONK has distinguished itself by outperforming established counterparts like Dogecoin (DOGE) and Shiba Inu (SHIB). Its recent 354% increase in value is a testament to its growing appeal among digital asset investors. Coinbase’s decision to list new assets like BONK stems from its commitment to transparency. The exchange aims to disseminate balanced information, ensuring investors are well-informed about potential opportunities and risks. However, Coinbase cautions users against premature deposits of these emerging tokens to avoid the risk of potential fund loss. In addition to the rise of BONK, Solana’s blockchain has made headlines with its impressive trading volume. Recording $924.7 million in 24 hours, Solana has outperformed other networks like Arbitrum, Binance Smart Chain, Polygon, Avalanche, and Thorchain in on-chain trading activity. Ethereum, however, continues to lead with a trading volume of $1.3 billion in the same timeframe. This addition of BONK to Coinbase reflects the growing diversity of assets in the crypto exchange’s portfolio. It highlights the evolving landscape of digital currencies, where meme coins are increasingly gaining serious attention from investors and major trading platforms.
Long
by DEXWireNews
1
SOLANA Daily Analysis Update🟢 SOLANA broke out from long-term downward resistance and confirmed it as support. now price touched the ascending support. if the price holds the current support and heads up it can shape a reverse head and shoulders to reach a resistance zone between110$ and 120$. in long term, it is possible to reach 0.5 and 0.618 fib levels of Fibonacci from swing low. breaking down from ascending support, can drop the price to next supports around 70$ and even 45$. ⚠ This Analysis Will be Updated. 📆0.3.05.2022 ✍ Analyzed By Amirhossein ⚠ DYOR
Long
by Trader_Needs
4
Cryowar shows a strong retest and is ready for higher prices 🚀Intro: - Cryowar is one of the most promising new play to earn game on the Solana blockchain. - Cryowar started trading on CEX and DEX at the same time. - Check out their twitter account and their webpage, the progress looks really promising. Cryowar works together with unreal engine which famous for its great graphics engine. - Since this coin got listed only recently we look at the hourly, so keep that in mind. Also take into consideration that price went up over 100% and FOMO is never a real solution. You maybe should wait for a pullback first. - Cryowar got listed on another DEX since last post. Hourly chart: - Price stays in an uptrend and recently tested previous resistance around 3.9$ as new support. - Volume keeps increasing which is a bullish sign and shows growing interest. - RSI analysis shows that we stay below the yellow line. We are not now at a nice level for an upwards breakout. - Moving Average: The 20MA seems to act as support that could kick up the price during next week. - Support lines are at 1.3$, 2.3$, 2.9$ and 3.9$. - Resistance lines are currently non existent. Expectation: - Cryowar took a heavy hit during it's listing day but did a great job in recovery. Currently we are in an uptrend and the Beta release comes closer which most likely has a positive effect on price. - The webpage and sneak peaks look very promising as well as the growing community. - End of the year prediction: We will see a 9$+ Cryowar before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
CLong
by tumbler55
Solana Update 03/09/21: Moonshot leading DeFi Summer Solana Update 03/09/21: Moonshot leading DeFi Summer, Solana is currently 5% from the $150 price target forecasted at the beginning of the year. From here we can expect a small cool down period in the range between the 78.60% fibonacci level between $118-144 before the next leg up on this parabolic run. Price target from here are at the 161.80% fibonacci level @ $210 (49% Gain from the current price level). Please see previous analysis below. Happy Trading :) We could see a $150 Solano very very soon, only 24% away from the 461.80% fibonacci extension . $150 Solano would mean If Solana had a market cap of $43.0B, 1 SOL would be worth $150.00. Since the buy signal triggered on the 3rd August with the 13EMA crossing up above the 50 SMA , Solano has grown over 400% in the past month. We forecasted a $150 EOY target for #Solano, it looks like we could reach this target Early September. Defi summer is happening and Solano, Luna, and Avax are all leading the way. We can expect similar growth moves in Polygon (Layer 2) over the next few months and We believe Solano is only just getting started here. Happy Trading :) Key Info on Solano: It is evident that one of the most focal dilemmas that the blockchain sphere faces is the issue of scalability and slow transaction times; Solana aims to fix this vital issue that needs to be remedied. Boasting 60,000 transactions per second, one of the fastest blockchains in the world and growing, Solana has the team, the community and the resources to propel blockchain into the mainstream sphere of influence. This is a new era for blockchain technology, an era of transaction times that rival mainstream and antiquated methods of transaction validation and processing. Solana will be a project and network that will accelerate the adoption of blockchain technology. This is just the beginning.
SLong
by CryptocurrencyMagnet
4