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Whales purchase over 30K $BTC in two weeks Crypto analyst and trader Ali Martinez pointed out on X that whales have bought more than 30,000 BTC over the past two weeks.

The post Solana Adoption at ATH, Will Price Follow or Keep Dropping? appeared first on Coinpedia Fintech News Despite ongoing market uncertainty, Solana (SOL), the world’s fifth-largest cryptocurrency by market cap, is gaining significant attention from the crypto community. Recently, a prominent crypto expert posted on X (formerly Twitter) that the total number of Solana addresses has reached a new all-time high of 2.07 billion. Solana’s Record Adoption A high number of addresses doesn’t necessarily mean high daily transactions or engagement. This substantial rise in Solana addresses shows how the community is adopting Solana-based dApps, NFTs, and DeFi projects. However, many addresses could be created by bots or airdrop farming rather than real users. The total number of #Solana $SOL addresses has hit a new all-time high of 2.07 billion! pic.twitter.com/1WSu8eKstk — Ali (@ali_charts) March 6, 2025 Current Price Momentum Despite rapid adoption, the price of SOL remains in a downtrend due to market uncertainty. The asset is currently trading near $141 and has experienced a 5% price drop in the past 24 hours. During the same period, its trading volume jumped by 15%, indicating heightened participation from traders and investors compared to the previous day. However, the inclusion of SOL in the Crypto Strategic Reserve might be a key reason behind the growing attention from traders and investors. Additionally, Solana’s superior blockchain technology is another factor driving its rapid adoption. Solana (SOL) Price Action and Upcoming Levels According to expert technical analysis, SOL is still in a downtrend and struggling to recover due to current market conditions. It is currently trading below the 200 Exponential Moving Average (EMA) on the daily timeframe. Despite the downturn, the asset is near a crucial support level of $130 and appears to be consolidating within a tight range. Source: Trading View Based on recent price action and historical patterns, if SOL begins to rally and closes a daily candle above the $150 level, it could surge by 22% to reach $185 in the coming days. In addition to all this, investors and long-term holders are actively accumulating the token, as reported by the on-chain analytics firm Coinglass. Data from spot inflow/outflow reveals that exchanges have witnessed an outflow of over $42 million worth of SOL tokens in the past 24 hours. Source: Coinglass This substantial outflow suggests potential accumulation, which could create buying pressure and fuel a further upside rally.

However, the upcoming crypto summit hosted by US President Donald Trump on March 7 could impact this. While some believe the discussions could positively influence Bitcoin's price, others warn of a 'sell the news' effect, where prices rise in anticipation of good news, leading to a sell-off once the news is released. Analyst Ali Martinez has responded to rumors that Trump will reveal a Bitcoin reserve strategy at the summit by cautioning, 'Buy the rumor, sell the news.'219:33

Bitcoin is consolidating in a symmetrical triangle pattern that suggests a period of tight trading before a marked price move occurs. Recent technical analysis indicates that a breakout may be imminent, according to expert trader Ali_charts. A symmetrical triangle pattern forms as trendlines converge. One line slopes downward while the other slopes upward. This formation typically signals a phase of consolidation before any breakout. Crypto veteran Ali Martinez indicated that Bitcoin’s price action is confined within this triangle. The tweet mentioned a potential 20% price move soon. The analysis follows a careful technical review. #Bitcoin $BTC is consolidating within a triangle, setting the stage for a potential 20% price move! pic.twitter.com/ELPb5wjar9 The pattern may cause traders to re-evaluate their positions. Analysts monitor such formations to determine optimal entry points. The chart suggests that the market awaits clear direction before committing to a trend. Bitcoin experienced a sharp drop around February 28th. A strong recovery followed and set up a series of higher lows and lower highs. This sequence helped form the triangle pattern. Noticeable price swings have occurred during recent sessions. The market remains volatile as traders react to changing technical levels. Volume and market sentiment continue to drive price movement. Technical charts provide clear evidence of the price recovery. The formation of higher lows and lower highs captures trader interest. The triangle’s apex nears, suggesting a breakout may occur soon. Traders monitor volume and price action to confirm the breakout direction. This setup draws the attention of technical analysts. Breaking above the top trendline could trigger a bullish rally to $100,000. The price trend is descending toward the $86,000 to $88,000 area support zone when it breaks through the lower trendline. The $90,000 level stands as an important point in the market structure while facing resistance between $92,000 to $94,000. Analysis at the time of writing showed Bitcoin was at $88,487.40 while maintaining almost $55.16 billion in daily exchange transactions. It has decreased by 3.43% in a day and has gone up by 10.87% in a week. These technical levels will guide trading strategies in upcoming sessions. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

The major $0.000013 support level of Shiba Inu ($SHIB) continues to remain stable despite the current bearish market condition. The technical indicators predict a growth to $0.000020 based on steady growth in buying activity. A tweet from crypto analyst Ali_charts noted that $SHIB is holding strong above the key support zone. The tweet indicates that the asset is testing its lower boundary repeatedly. Technical analysis shows that $SHIB has formed lower highs and lower lows during recent sessions. Price action remains in a corrective phase following previous bullish rallies. #ShibaInu $SHIB is holding strong above the critical $0.000013 support. If buying pressure picks up at this level, a rally toward $0.000020 could be in play! pic.twitter.com/YjfA61A1tk Current support is identified between $0.00001300 and $0.00001350. The asset has tested this range multiple times without a weekly candle closing below it. Resistance is observed at $0.00002100 and $0.00003200. A move above $0.00002100 would set the stage for a potential rally toward higher targets. Bollinger Bands indicate that the lower band is near $0.00001025. The middle band, positioned around $0.00002104, acts as resistance during recovery attempts. Stochastic RSI readings remain below 20, with the blue line at 0.13 and the orange line at 0.93. These figures may signal oversold conditions and a possible short-term bounce if a bullish crossover occurs. Market data shows that $SHIB trades at $0.00001356 as of writing. The asset recorded a 0.14% decline over the last 24 hours and a 1.38% gain during the past week. Trading volume reached approximately $269,686,142 in the last day. Price action continues to remain near key support as the market absorbs recent declines. Traders look for a confirmed close above $0.00002100 to signal a change in trend. Historical data shows that previous resistance levels have often turned into support zones during recoveries. Shiba Inu’s performance is tracked diligently amid a bearish correction. The asset maintains its position above critical support while technical indicators suggest a rebound may occur. The current setup presents a scenario where price stability may prompt a recovery if buyers step in promptly. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.