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Showing posts with the label momentum

Solana Witnessing ‘Diminishing Momentum’ Compared to Bitcoin and Ethereum, According to Glassnode – Here’s Why

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Analytics firm Glassnode says Solana’s (SOL) momentum on the monthly time frame is waning in comparison to Bitcoin (BTC) and Ethereum (ETH). On the social media platform X, Glassnode examines the Realized Cap metric, which records the price at which each coin was last moved and aims to gauge how many holders are in profit or at a loss. The firm points out the monthly percent change in realized cap for each of the three assets. “This metric acts as an indicator of the rate and direction of capital inflows or outflows for these assets. During the recent market downtrend, the monthly rate of change in Realized Cap for SOL has plunged below both BTC and ETH. This indicates a faster decline in momentum for Solana compared to the other two assets. Current monthly Realized Cap Change (%/30D): • BTC: +10.87% • ETH: +5.43% • SOL: +2.19%.” Source: Glassnode/X But Glassnode noted earlier this week that Solana has maintained a positive net capital in...

Is It Too Late To Buy WOLF? LandWolf Price Tops Meme Coin Gainers With 88% Pump And This Might Be The Next Crypto To Explode

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The LandWolf price pumped over 88% in the last 24 hours to trade at $0.003129 as of 7:11 a.m. EST. With the recent surge, the WOLF price also printed the biggest 24-hour gain in the meme coin market, according to CoinGecko. Moo Deng (MOODENG) posted the second biggest price increase after it pumped more than 59%. The LandWolf Price Challenging A Technical Barrier 4-hour chart for WOLF/USD (Source: GeckoTerminal ) The LandWolf price is trying to break above the $0.003093 resistance level. Clearing this threshold could open up an opportunity for the meme coin to climb to the next major mark at $0.003364 in the following 24 hours. On the other hand, WOLF not closing a 4-hour candle above $0.003093 within the next 12 hours might prevent a bullish move from happening. In this alternative scenario, the LandWolf price could fall to the immediate support level at $0.002675.  If this potential pullback is not seen as a buy opportunity by traders, then the LandWolf price could be at...

Analyst Michaël van de Poppe Says Solana Rival Has Upside Momentum, Maps Path Forward for Bitcoin and Ethereum

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A widely followed crypto analyst believes one Solana (SOL) competitor may have more upside potential. Crypto trader Michaël van de Poppe tells his 724,900 followers on the social media platform X that layer-one blockchain Sei (SEI) may soar more than 46% from the current value by next month. “Altcoins are doing relatively well. SEI continues to find momentum, and I’d like to see it rally to $0.34 (preferably even above the previous high, but not expecting that yet), make a HL (higher low) and continue that rally to $0.44 in October.” Source: Michaël van de Poppe/X SEI is trading for $0.30 at time of writing, up more than 7% in the last 24 hours. Next up, the analyst says that Bitcoin (BTC) may soon reclaim the $62,000 level if it can flip $58,000 into support. “Bitcoin is doing what I wanted it to be doing. Great stuff, held above the crucial area of $56,000, and currently attacking resistance. If $58,000 breaks, then I suspect we’...