Friday, August 29, 2025
Coin Insights
No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Base claims top 3 spot in 30-day NFT volume: DappRadar

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    Blue chip NFTs sink double digits as ETH retreats from record highs

    Blue chip NFTs sink double digits as ETH retreats from record highs

    What’s Behind the Double-Digit Declines?

    What’s Behind the Double-Digit Declines?

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    $3.62B Already Sold in 2025

    $3.62B Already Sold in 2025

  • Gaming
    KuCoin Pay Joins Forces with 2Game Digital to Drive Web3 in Gaming

    KuCoin Pay Joins Forces with 2Game Digital to Drive Web3 in Gaming

    GaFin Joins Cyber Crash to Advance Web3 Gaming

    GaFin Joins Cyber Crash to Advance Web3 Gaming

    Buzzy Ethereum Game Football.fun Has Soccer Fans Scoring Crypto Gains

    Buzzy Ethereum Game Football.fun Has Soccer Fans Scoring Crypto Gains

    Stability World AI Adds Games to Transform the Future of Web3 Gaming

    Stability World AI Adds Games to Transform the Future of Web3 Gaming

    Play Solana to ship handheld gaming device in October

    Play Solana to ship handheld gaming device in October

    The Rise of Indian Online Casinos: Affiliates, Crypto, and Seamless Gaming?

    The Rise of Indian Online Casinos: Affiliates, Crypto, and Seamless Gaming?

    Avalanche Selects Funtico to Support Indie Game Developers

    Avalanche Selects Funtico to Support Indie Game Developers

    Google Boosts Gemini AI Image Capabilities in Latest Salvo Against ChatGPT

    Google Boosts Gemini AI Image Capabilities in Latest Salvo Against ChatGPT

    How Toyota Plans to Transform Vehicle Data and Ownership with Blockchain

    How Toyota Plans to Transform Vehicle Data and Ownership with Blockchain

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What is Cloud Mining? A Beginner’s Guide

    What Is Cloud Mining in Crypto? Everything You Need to Know to Start

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What Is Crypto Arbitrage and How to Use It in Trading?

    What Is Crypto Arbitrage and How to Use It in Trading?

    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Base claims top 3 spot in 30-day NFT volume: DappRadar

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    Blue chip NFTs sink double digits as ETH retreats from record highs

    Blue chip NFTs sink double digits as ETH retreats from record highs

    What’s Behind the Double-Digit Declines?

    What’s Behind the Double-Digit Declines?

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    $3.62B Already Sold in 2025

    $3.62B Already Sold in 2025

  • Gaming
    KuCoin Pay Joins Forces with 2Game Digital to Drive Web3 in Gaming

    KuCoin Pay Joins Forces with 2Game Digital to Drive Web3 in Gaming

    GaFin Joins Cyber Crash to Advance Web3 Gaming

    GaFin Joins Cyber Crash to Advance Web3 Gaming

    Buzzy Ethereum Game Football.fun Has Soccer Fans Scoring Crypto Gains

    Buzzy Ethereum Game Football.fun Has Soccer Fans Scoring Crypto Gains

    Stability World AI Adds Games to Transform the Future of Web3 Gaming

    Stability World AI Adds Games to Transform the Future of Web3 Gaming

    Play Solana to ship handheld gaming device in October

    Play Solana to ship handheld gaming device in October

    The Rise of Indian Online Casinos: Affiliates, Crypto, and Seamless Gaming?

    The Rise of Indian Online Casinos: Affiliates, Crypto, and Seamless Gaming?

    Avalanche Selects Funtico to Support Indie Game Developers

    Avalanche Selects Funtico to Support Indie Game Developers

    Google Boosts Gemini AI Image Capabilities in Latest Salvo Against ChatGPT

    Google Boosts Gemini AI Image Capabilities in Latest Salvo Against ChatGPT

    How Toyota Plans to Transform Vehicle Data and Ownership with Blockchain

    How Toyota Plans to Transform Vehicle Data and Ownership with Blockchain

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What is Cloud Mining? A Beginner’s Guide

    What Is Cloud Mining in Crypto? Everything You Need to Know to Start

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What Is Crypto Arbitrage and How to Use It in Trading?

    What Is Crypto Arbitrage and How to Use It in Trading?

    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
No Result
View All Result
Coin Insights
No Result
View All Result
Home Bitcoin

Bitcoin’s loss could be Solana’s gain – Here’s why $187 target may be in sight

August 31, 2024
in Bitcoin
32
Bitcoin’s loss could be Solana’s gain – Here’s why $187 target may be in sight
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter
  • A bearish divergence appeared on BTC’s dominance chart
  • If SOL turns bullish, then it might target $187 in the coming weeks

Bitcoin’s [BTC] dominance has been rising for multiple weeks now, suggesting that altcoins might have to wait longer for a rally. However, the situation can change soon as a bullish divergence seemed to appear on the charts. This might allow altcoins like Solana [SOL] to gain bullish momentum soon. 

Hence, it’s worth taking a look at the odds of an altcoin summer. 

Bitcoin dominance to fall soon?

BTC dominance has consistently remained well above the 50% mark. Whenever this metric rises, it indicates that the chances of altcoins gaining upward momentum are low. At press time, BTC’s dominance stood at 54%, as per CoinStats.

Additionally, AMBCrypto’s assessment of the Altcoin Season Index revealed that the indicator had a reading of 20. Generally, a value under 25 hints at a Bitcoin season. 

Altcoin season index

Source: Blockchain Center

However, the situation might change soon. CryptoBullet, a popular crypto analyst, recently shared a tweet highlighting a bullish and bearish divergence on BTC’s dominance chart. As per the same, while BTC’s dominance increased, a bearish divergence appeared on the Relative Strength Index (RSI) chart.

This might indicate a possible dip in the cryptocurrency’s dominance going forward.

Interestingly, the opposite happened in late 2021, with the same resulting in a hike in BTC dominance in subsequent months. If the bearish divergence pattern is tested, then investors might soon seen altcoins flourish across the board. 

Source: X

Will Solana benefit from this?

Since a drop in BTC dominance might result in an altcoin rally, AMBCrypto planned to check Solana’s state to see whether it showed any signs of a bull rally. According to CoinMarketCap, SOL’s value dropped by over 10% in the last seven days.

See also  Ethereum Ready For Price Rally As STH Numbers Prepare To Cross 4 Million — Here's Why

At press time, it was trading at $138.57 with a market capitalization of over $64 billion.

The bad news was that SOL’s trading volume spiked while its price dropped, which legitimized the downtrend. The token’s weighted sentiment also plummeted sharply, meaning that bearish sentiment around SOL was dominant.

Solana's open interest dropped

Source: Santiment

Nonetheless, SOL’s Open Interest dipped. Usually, a drop in this metric indicates that there are chances of the ongoing price trend changing. Therefore, AMBCrypto checked SOL’s daily chart to find out what the technical indicators suggested.

The Money Flow Index (MFI) registered a downtick, hinting at a sustained price drop. If that happens, then investors might seen SOL dropping to $127. 


Is your portfolio green? Check out the SOL Profit Calculator 


On the contrary, the Chaikin Money Flow (CMF) went north. Additionally, if BTC dominance falls, then SOL might as well turn bullish. In the event of a bullish takeover, SOL might target $163 before it begins its journey towards $187. 

Source: TradingView

Next: BONK price prediction – Identifying where the buy opportunities are

READ ALSO

Bitcoin nears $91K as buying pressure soars, but challenges emerge

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

  • A bearish divergence appeared on BTC’s dominance chart
  • If SOL turns bullish, then it might target $187 in the coming weeks

Bitcoin’s [BTC] dominance has been rising for multiple weeks now, suggesting that altcoins might have to wait longer for a rally. However, the situation can change soon as a bullish divergence seemed to appear on the charts. This might allow altcoins like Solana [SOL] to gain bullish momentum soon. 

See also  Bitcoin's July targets - Analyzing the road to recovery for BTC's price

Hence, it’s worth taking a look at the odds of an altcoin summer. 

Bitcoin dominance to fall soon?

BTC dominance has consistently remained well above the 50% mark. Whenever this metric rises, it indicates that the chances of altcoins gaining upward momentum are low. At press time, BTC’s dominance stood at 54%, as per CoinStats.

Additionally, AMBCrypto’s assessment of the Altcoin Season Index revealed that the indicator had a reading of 20. Generally, a value under 25 hints at a Bitcoin season. 

Altcoin season index

Source: Blockchain Center

However, the situation might change soon. CryptoBullet, a popular crypto analyst, recently shared a tweet highlighting a bullish and bearish divergence on BTC’s dominance chart. As per the same, while BTC’s dominance increased, a bearish divergence appeared on the Relative Strength Index (RSI) chart.

This might indicate a possible dip in the cryptocurrency’s dominance going forward.

Interestingly, the opposite happened in late 2021, with the same resulting in a hike in BTC dominance in subsequent months. If the bearish divergence pattern is tested, then investors might soon seen altcoins flourish across the board. 

Source: X

Will Solana benefit from this?

Since a drop in BTC dominance might result in an altcoin rally, AMBCrypto planned to check Solana’s state to see whether it showed any signs of a bull rally. According to CoinMarketCap, SOL’s value dropped by over 10% in the last seven days.

At press time, it was trading at $138.57 with a market capitalization of over $64 billion.

The bad news was that SOL’s trading volume spiked while its price dropped, which legitimized the downtrend. The token’s weighted sentiment also plummeted sharply, meaning that bearish sentiment around SOL was dominant.

Solana's open interest dropped

Source: Santiment

Nonetheless, SOL’s Open Interest dipped. Usually, a drop in this metric indicates that there are chances of the ongoing price trend changing. Therefore, AMBCrypto checked SOL’s daily chart to find out what the technical indicators suggested.

See also  Trader Who Called 2023 Crypto Turnaround Warns Bitcoin Giving Bears Maximum Opportunity – Here’s Why

The Money Flow Index (MFI) registered a downtick, hinting at a sustained price drop. If that happens, then investors might seen SOL dropping to $127. 


Is your portfolio green? Check out the SOL Profit Calculator 


On the contrary, the Chaikin Money Flow (CMF) went north. Additionally, if BTC dominance falls, then SOL might as well turn bullish. In the event of a bullish takeover, SOL might target $163 before it begins its journey towards $187. 

Source: TradingView

Next: BONK price prediction – Identifying where the buy opportunities are
Tags: BitcoinsgainHereslossSightSolanasTarget

Related Posts

Bitcoin must pass $63.2k soon, for THIS vital reason
Bitcoin

Bitcoin nears $91K as buying pressure soars, but challenges emerge

November 17, 2024
Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice
Bitcoin

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

November 17, 2024
FLOKI’s price profits from Coinbase hype, but here’s why all’s not done just yet
Bitcoin

FLOKI’s price profits from Coinbase hype, but here’s why all’s not done just yet

November 17, 2024
Bitcoin – Here’s what its new ‘5-year low’ means for BTC’s run to $100K
Bitcoin

Bitcoin – Here’s what its new ‘5-year low’ means for BTC’s run to $100K

November 16, 2024
Will miner selling pressure be Bitcoin’s hurdle to $100K?
Bitcoin

Will miner selling pressure be Bitcoin’s hurdle to $100K?

November 16, 2024
Bitcoin above $90K – $5.42 billion in profits despite rising sell pressure means…
Bitcoin

Bitcoin above $90K – $5.42 billion in profits despite rising sell pressure means…

November 16, 2024
Next Post
Bitcoin – Identifying the odds of a new rally after BTC hit THIS critical level

Bitcoin - Identifying the odds of a new rally after BTC hit THIS critical level

Comments 32

  1. hehy6 says:
    3 months ago

    can you buy clomiphene without rx clomid without dr prescription clomiphene cycle can i buy clomiphene without dr prescription where to get generic clomid buy generic clomid tablets can you buy clomid for sale

    Reply
  2. order cialis in uk says:
    3 months ago

    This is a keynote which is near to my fundamentals… Diverse thanks! Exactly where can I notice the phone details an eye to questions?

    Reply
  3. how does flagyl work says:
    3 months ago

    I am in fact delighted to glance at this blog posts which consists of tons of profitable facts, thanks representing providing such data.

    Reply
  4. 98oco says:
    3 months ago

    purchase azithromycin – order ciplox online flagyl usa

    Reply
  5. m28oi says:
    3 months ago

    order rybelsus online – rybelsus 14mg without prescription periactin 4 mg oral

    Reply
  6. 26uiv says:
    2 months ago

    domperidone cheap – how to get motilium without a prescription buy cyclobenzaprine generic

    Reply
  7. 978xs says:
    2 months ago

    buy inderal 10mg pill – inderal cost methotrexate price

    Reply
  8. 9zpo4 says:
    2 months ago

    buy amoxil pills for sale – amoxil pill order ipratropium 100mcg online cheap

    Reply
  9. c13r7 says:
    2 months ago

    order generic azithromycin 250mg – nebivolol 5mg ca buy bystolic sale

    Reply
  10. i1f9b says:
    2 months ago

    clavulanate usa – https://atbioinfo.com/ buy acillin medication

    Reply
  11. cruqm says:
    2 months ago

    buy esomeprazole 40mg sale – https://anexamate.com/ buy esomeprazole 20mg

    Reply
  12. mc0vo says:
    2 months ago

    cheap warfarin 2mg – anticoagulant buy cheap generic cozaar

    Reply
  13. 028ju says:
    2 months ago

    mobic oral – https://moboxsin.com/ mobic 15mg sale

    Reply
  14. hwrzm says:
    2 months ago

    prednisone 5mg us – allergic reactions deltasone cheap

    Reply
  15. cpmtf says:
    2 months ago

    best pill for ed – https://fastedtotake.com/ buy ed pills best price

    Reply
  16. 7yo8o says:
    2 months ago

    buy amoxil tablets – https://combamoxi.com/ amoxicillin online order

    Reply
  17. f0zpz says:
    2 months ago

    diflucan online – diflucan 100mg uk buy diflucan generic

    Reply
  18. 4a1iq says:
    2 months ago

    buy cenforce 50mg for sale – order cenforce 50mg sale cenforce 50mg drug

    Reply
  19. w37yl says:
    2 months ago

    generic tadalafil in us – overnight cialis delivery what does a cialis pill look like

    Reply
  20. rtw02 says:
    2 months ago

    cialis samples – click cialis alternative over the counter

    Reply
  21. Connielet says:
    2 months ago

    ranitidine buy online – https://aranitidine.com/# zantac 150mg pill

    Reply
  22. dznb5 says:
    1 month ago

    buy viagra houston – https://strongvpls.com/# order cheap generic viagra

    Reply
  23. Connielet says:
    1 month ago

    Palatable blog you procure here.. It’s hard to espy strong quality writing like yours these days. I honestly respect individuals like you! Go through guardianship!! que es lasix

    Reply
  24. 67in1 says:
    1 month ago

    More posts like this would force the blogosphere more useful. https://buyfastonl.com/isotretinoin.html

    Reply
  25. Connielet says:
    1 month ago

    This is the big-hearted of scribble literary works I positively appreciate. https://ursxdol.com/propecia-tablets-online/

    Reply
  26. xec6l says:
    1 month ago

    This is the type of advise I recoup helpful. https://prohnrg.com/product/diltiazem-online/

    Reply
  27. ho4tv says:
    1 month ago

    The thoroughness in this draft is noteworthy. sibelium en ligne

    Reply
  28. Connielet says:
    4 weeks ago

    With thanks. Loads of expertise! https://ondactone.com/simvastatin/

    Reply
  29. Connielet says:
    3 weeks ago

    More articles like this would make the blogosphere richer. can i buy generic motilium without rx

    Reply
  30. Connielet says:
    2 weeks ago

    The thoroughness in this piece is noteworthy. http://zgyhsj.com/space-uid-977930.html

    Reply
  31. Connielet says:
    1 week ago

    order dapagliflozin 10mg sale – dapagliflozin pill dapagliflozin 10 mg sale

    Reply
  32. Connielet says:
    6 hours ago

    Greetings! Jolly productive advice within this article! It’s the petty changes which wish obtain the largest changes. Thanks a a quantity quest of sharing! http://www.haxorware.com/forums/member.php?action=profile&uid=396500

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024
How to Earn Keys to Boost Your HMSTR Airdrop

How to Earn Keys to Boost Your HMSTR Airdrop

September 10, 2024

Don't miss a single story

Subscribe to our free Newsletter

EDITOR'S PICK

Mastering ERC-1155: A Comprehensive Guide to Semi-Fungible Tokens

Mastering ERC-1155: A Comprehensive Guide to Semi-Fungible Tokens

June 24, 2024
Here’s Why Holding Bitcoin Should Be a No-Brainer for Corporations

Here’s Why Holding Bitcoin Should Be a No-Brainer for Corporations

February 26, 2024
Paraguayan Justice System Achieves Conviction for Power Theft Crime Linked to Cryptocurrency Mining

Paraguayan Justice System Achieves Conviction for Power Theft Crime Linked to Cryptocurrency Mining

August 16, 2024
MicroBT Unveils Highly Anticipated WhatsMiner M60 Series at Blockchain Life 2023 in Dubai

MicroBT Unveils Highly Anticipated WhatsMiner M60 Series at Blockchain Life 2023 in Dubai

October 25, 2023

About

Dive into the world of cryptocurrency. Our news site offers insights, trends, and updates to guide your journey into the realm of digital finance.

Follow us

Categories

  • AI
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • DeFi
  • Ethereum
  • Gaming
  • Guides
  • Metaverse
  • Mining
  • NFT
  • Other
  • Web 3

Recent Posts

  • Trump-backed Bitcoin mining firm to go public on Nasdaq next month
  • KuCoin Pay Joins Forces with 2Game Digital to Drive Web3 in Gaming
  • GaFin Joins Cyber Crash to Advance Web3 Gaming

Newsletter

Don't miss a single story

Subscribe to our free Newsletter

  • Contact
  • Disclosure
  • Privacy Policy
  • Terms & conditions

© 2023 Coininsights.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
  • Metaverse
  • NFT
  • Gaming
  • Blockchain
  • AI
  • Guides
  • Analysis
  • Coin Marketcaps

© 2023 Coininsights.com - All rights reserved.