Connect with us
  • tg

Cryptocurrency

Is Solana (SOL) Gearing up for a New ATH? (Analysts Chip in)

letizo News

Published

on

TL;DR

  • Solana (SOL) has surged approximately 60% YTD and 670% since August 2023, with some analysts predicting significant further gains.
  • While bullish forecasts abound, certain technical indicators suggest that SOL might face short-term corrections.

.


Is SOL Headed Towards Fresh Peaks?

Solana (SOL) has been among the best-performing leading cryptocurrencies in the past several months. It entered the year at around $105 but quickly skyrocketed to over $200 amid the market-wide bull run in March. Despite losing some traction since then and currently trading at $155, SOL has gained 670% since last August when it struggled at $25.

SOL Price
SOL Price, Source: CoinGecko

Some industry participants believe another major uptick could be incoming. The X user Jelle claimed that the asset “looks ready for price discovery,” setting a target of $450-$600 for this cycle.

Curbo was even more bullish, expecting a short-term spike to $400-$500 before advancing to as high as $1,000. The crypto enthusiast based the forecast on SOL’s consolidation in the $120-$210 zone in the past six months. 

“When this consolidation eventually breaks up, the move is going to be MASSIVE,” the X user suggested.

Kingpin Crypto chipped in, too, stating that SOL currently looks like it is in a long-term future (LTF) continuation. “Would like to see what happens after a sweep of Monday low. Ideally sets up for a long,” they added.

LTF emphasizes the long-term prospects of a cryptocurrency, relying on a combination of technical analysis, thorough research, and an understanding of market sentiment. This approach is better suited for investors who are less concerned with short-term price dynamics and concentrated on the long-term trajectory of their investments. 

What Are Indicators Suggesting?

Despite the bullish forecasts coming from some analysts, certain metrics hint that SOL bulls might suffer some pain in the short term. 

The Relative Strength Index (RSI) – an analysis tool that measures the speed and change of price movements -varies from 0 to 100. A ratio above 70 indicates the asset is overbought and could be headed toward a correction soon. The index exceeded that level a few days ago and is currently set at around 60.

The stochastic oscillator is another metric used to identify overbought or oversold conditions in a market. It ranges from 0 to 80, with a reading over 80 typically interpreted as overbought territory that could lead to a possible price decline for the underlying asset. According to CryptoQuant, the stochastic tool currently points at 81.4.

Separately, we will touch upon Solana’s open interest, which has been on the rise in the past several weeks. Currently, the figure is close to $2 billion, a 55% increase compared to the figure observed during the crypto market crash on August 5. 

Open interest refers to the total number of outstanding derivative contracts, such as futures or options, that have not yet been settled. It includes both long and short positions, and its surge might be a precursor to enhanced volatility and a substantial price move in any direction. 

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link to register and open a 100 USDT-M position for free!

Cryptocurrency

Bitcoin Price Slides to $103K as Major Altcoins Crash (Weekend Watch)

letizo News

Published

on

The broader cryptocurrency market continues struggling amid mounting geopolitical and economic pressures.

Bitcoin’s price has lost almost 3% on the day, while major altcoins such as Ethereum, Solana, Cardano, and others chart even more considerable declines.

Bitcoin Price Tumbles toward $103K

Bitcoin is charting a near 3% loss in the past 24 hours in what seems to be a broader crypto market selloff.

As seen in the chart below, the price tumbled from around $106,000 to an intraday low at $102,400 before bouncing and settling at where it current trades at the time of this writing.

BTCUSD_2025-06-21_11-32-32
Source: TradingView

As CryptoPotato reported, however, the common theme amongst the majority of cryptocurrency analysts and experts is that Bitcoin’s price trading at around $100,000 is indicative of institutional dominance and not retail FOMO.

This suggests that it has much more staying power because institutions are a lot less likely to sell during temporary and sudden drawdowns like the current one.

At the same time, however, the war between Israel and Iran continues, driving oil prices up and causing turmoil on stock markets as well.

Altcoins Crash Harder than BTC

The heatmap below paints a clear picture: most of the altcoins are trading in the red and are charting consiedrable losses.

Namely, some of the larger-cap cryptocurrencies such as ETH, SOL, ADA, DOGE, HYPE, BCH, LINK, AVAX, and more, are declining for more than 3% during the past 24 hours.

Interestingly enough, Bitcoin’s dominance – the metric, which tracks its share relative to that of the rest of the market is up by more than 1% during the same period.

This shows that BTC is performing a lot better and altcoins are completely unable to capitalize on its drawdown. In fact, this seems to be the other theme of the current cycle.

Screenshot 2025-06-21 at 11.45.41
Source: Quantify Crypto
SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Continue Reading

Cryptocurrency

Semler Scientific Unveils Plan to Accumulate 105,000 BTC by 2027

letizo News

Published

on

Nasdaq-listed healthcare technology company, Semler Scientific, has outlined a bold multi-year plan to significantly expand its Bitcoin holdings. The company aims to hold 10,000 BTC by the end of 2025 as an initial milestone. Building on this, it plans to increase its holdings to 42,000 BTC by the end of 2026.

By the close of 2027, Semler intends to reach a total of 105,000 BTC.

Semler Reports 287% Bitcoin Yield to Date

According to the official press release, the company said it will fund these purchases using a mix of equity and debt financing, as well as operational cash flows. Semler, which in May 2024 became the second US public company to adopt Bitcoin as its primary treasury reserve asset, has since emerged as a significant corporate Bitcoin holder.

As of June 3, 2025, the firm reported a 287% yield on its Bitcoin investment and a $177 million unrealized gain.

In a move to strengthen its new approach, Semler has appointed Joe Burnett as Director of Bitcoin Strategy. Burnett, formerly Director of Market Research at Unchained, brings more than seven years of experience in Bitcoin advocacy and research.

In a statement, Eric Semler, chairman of Semler Scientific, said,

“We are excited to have Joe join our Bitcoin strategy team and help drive our three-year-plan to own 105,000 Bitcoins. Joe is an analytical thought leader on Bitcoin and Bitcoin treasury companies. His expertise will be instrumental as we pursue our Bitcoin treasury strategy and aim to deliver long-term value to our stockholders.”

Corporate Bitcoin Holdings Grow

An increasing number of public companies are deepening their involvement with the largest cryptocurrency. For instance, Genius Group, an AI-driven education company, recently increased its corporate Bitcoin reserves from 66 BTC to 100 BTC, after acquiring an additional 34 BTC valued at approximately $3.42 million.

The company resumed its Bitcoin purchases on May 22, following a May 6 US Court of Appeals ruling that lifted previous legal restrictions stemming from a dispute related to its merger with FatBrain AI. CEO Roger Hamilton described reaching 100 BTC as a milestone in their broader plan to accumulate 1,000 BTC.

Earlier this month, New York-based Mercurity Fintech Holding announced it would raise $800 million to build a Bitcoin treasury reserve. The company plans to integrate staking and tokenized finance tools, using secure blockchain custody infrastructure to reshape its treasury operations and boost capital efficiency through yield generation.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Continue Reading

Cryptocurrency

Binance Moves $3B Daily in USDT via Tron, Dominating Global Transfers

letizo News

Published

on

Binance has emerged as the undisputed leader in driving USDT liquidity on the Tron network. In fact, the crypto exchange routinely transacts between $2 billion and $3 billion in Tether daily.

This volume accounts for over 65% of all USDT transfers on Tron, far outpacing the combined activity of all other exchanges.

Binance: Key Driver of Tron-Based USDT Activity

According to the latest data shared by CryptoQuant, on average, Binance moves $1 billion more USDT on Tron each day than its competitors. This highlights its role as a central liquidity provider for global traders, institutions, and market makers.

The Tron network has become the preferred blockchain for large-scale stablecoin transactions due to its low fees and fast settlement times. This efficiency makes it especially attractive for high-frequency traders and institutions moving large volumes of USDT, particularly on Binance. As a result, Tron now serves as a critical backbone for USDT flows.

Meanwhile, Binance’s dominance in this space has broader implications for the market. Its stablecoin activity often is indicative of a shifting sentiment, as large USDT transfers point to potential capital rotation into altcoins, derivatives, or Bitcoin. This concentration of liquidity also presents both risk and opportunity, as per the crypto analytic platform.

Whales Power Tron’s USDT Boom

As for Tron, the network recently set a new record for USDT stablecoin transfers, which reached $691 billion in volume. The peak occurred in May, with a slight dip in June. Data also revealed that just 27 whale wallets were responsible for over $411 billion of May’s total, and were executed through only 491 transactions. This highlighted the outsized influence of large investors in driving on-chain liquidity.

Tron network now dominates the circulating supply and usage of USDT, far surpassing Ethereum and other networks. More than 10.5 billion transactions have taken place on Tron to date following a steady growth trajectory since 2018.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Continue Reading

Trending

©2021-2024 Letizo All Rights Reserved