A coin with high potential
$BLASTUP is the largest community-backed launchpad on the Blast network, offering native yield and the unique capability to launch projects on any EVM network. By leveraging industry experience and connections, BlastUP has established a top-tier due diligence and review team, which includes external experts, to ensure the highest quality and potential, along with well-thought-out pre-launch and post-launch plans.
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With a number of 70M circulating supplies it has potentially high growth capabilities. And this coin is now at almost the lowest price of all time.
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DYOR. $BTC $ETH $DOGS $NEIROETH $INVITE $ORDER $SWELL $LTC $CATS $SOCIAL $PEPE $SOL
Pump.fun continues its relentless Solana [SOL] deposits, transferring 90,000 SOL worth $20.5M to Kraken. So far, nearly two million SOL worth $407M have been moved, with 264,373 SOL already sold for $41.64M USDC.
Total earnings from these transactions have surged to 2.57M SOL worth $588.6M, fueling speculation about potential market impact.
With such large movements, traders are questioning whether Solana will maintain its bullish trend or face heightened volatility.
Despite ongoing whale activity, Solana’s stablecoin market has reached an all-time high of $11.06 billion, showing strong demand.
USDC remains dominant, accounting for 77.9% of the stablecoin supply, while USDT holds a minor presence under $2 billion.
This rapid expansion reflects increasing DeFi adoption on Solana, challenging Ethereum and Tron’s stablecoin leadership. However, it remains uncertain whether this trend will be sustained or driven by temporary speculative inflows.
Solana recently bounced off a descending wedge trendline, indicating potential for further upside. The price surged to $270 before retracing to $234.30, at press time, reflecting a 3.27% gain.
However, resistance near $250 remains a significant hurdle. Failure to break above it could invite renewed selling pressure. If buyers regain control, Solana could push for another breakout. Continued whale activity might lead to unpredictable swings.
The Binance Funding Rate for SOL is currently at 0.005%, suggesting a neutral stance in the derivatives market. This balance indicates that neither long nor short positions are overly dominant, reducing immediate liquidation risks.
However, if Funding Rates shift aggressively, sudden price swings could emerge. Additionally, Pump.fun’s frequent deposits and sales could create imbalances that impact market sentiment.
Total liquidations show $2.17M in Short positions were wiped out, compared to $111.28K in long liquidations. This suggests a short squeeze contributed to Solana’s recent rebound, forcing traders to cover bearish bets.
However, if bullish momentum fades, another round of Short selling could emerge. Traders should monitor liquidation clusters, as they could provide clues for Solana’s next major move.
Solana’s social dominance fell sharply after a recent peak but is now recovering. Social volume is at 538, and dominance is at 7.51%. This suggests renewed interest among traders, but enthusiasm remains lower than previous highs.
If social activity continues rising, it could attract more speculative inflows. However, if interest stagnates, momentum may shift, putting pressure on Solana’s short-term outlook.
Solana’s bullish structure remains intact, but Pump.fun’s continuous transactions introduce uncertainty. If buying pressure absorbs whale sell-offs, a breakout above $250 could propel the price higher.
However, if traders grow cautious and liquidations increase, volatility could intensify. Therefore, Solana faces a make-or-break moment, with its next move hinging on whether buyers can overpower ongoing whale activity.$SOL
Horizen ($ZEN): Bearish Momentum Persists – Can It Find Support?
Horizen ($ZEN ) has been struggling to maintain its price, extending its downtrend from above $22 to below $19 in recent trading sessions. The persistent selling pressure has kept the asset below key resistance levels, raising concerns among traders about further downside risk. The market sentiment remains cautious as technical indicators signal continued weakness.
📊 Technical Indicators: Bearish Bias in Play
Currently, $ZEN is trading below critical moving averages, reinforcing the bearish trend. The lack of strong buying volume suggests that bulls are hesitant to step in. While some potential buy signals have emerged, they remain weak against the overall selling momentum. The price is hovering near crucial support, making the next few sessions critical for determining direction.
Key Price Levels to Watch
Support Zone: $18.00 – $18.25 (A breakdown could lead to further downside, testing lower levels)
Resistance Levels: $19.50 – $20.00 (A decisive breakout here could shift momentum to the bulls)
📈 Can ZEN Stage a Reversal?
For a sustainable recovery, $ZEN must:
✅ Hold above the $18.00 support and attract buyers.
✅ Break above the 20-day moving average to regain bullish momentum.
✅ Show rising volume and positive sentiment in the broader market.
Conclusion: Wait for Confirmation
With $ZEN at a crucial juncture, traders should exercise patience and wait for confirmation before entering positions. A strong bounce from support could lead to a short-term rally, but failure to hold key levels may invite further downside.