🚀 $SOL will continue to rise Trader Ali believes that aft | TopCryptoNews on Binance Square

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🚀  $SOL will continue to rise
Trader Ali believes that after breaking the triangle, the SOL token could rise to $360 soon.
#Sol #solana  

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🔹 Huge Ethereum ($ETH ) Withdrawals Are Taking Place – CEO Reveals the Identity of the Whale Behind Them A total of $1.7 billion worth of Ethereum (ETH) withdrawals from decentralized finance (DeFi) protocol Aave in the past week have caused significant market volatility. This move by giant investors significantly reduced liquidity on the platform, briefly pushing borrowing rates above 10%. While this increase meant short-term gains for users who deposited their Ethereum to lend on Aave, it turned into a full-blown crisis for investors who implemented strategies to increase their Ethereum staking returns, called “looping.” Looping investors were earning profits by reinvesting Ethereum they had borrowed at low interest rates. However, a sudden increase in interest rates made this strategy unprofitable and led to losses. As a result, many investors quickly closed their positions and began unstaking their Ethereum through liquid staking providers. With these developments, the Ethereum network's outflow queue has reached a record high. According to data from Beaconcha.in, as of Wednesday, the amount of Ethereum waiting to be unstaking had risen to 627,944 (approximately $2.3 billion). It will take the network approximately 11 days to process this volume of transactions. The majority of the withdrawals reportedly belonged to a few large investors. Aave developer Marc Zeller said he believes cryptocurrency billionaire and Tron founder Justin Sun is behind these transactions. Zeller noted that Sun frequently deposits and withdraws large amounts of money from Aave and that his behavior is unpredictable. Wallets associated with Sun on the Arkham platform have withdrawn $646 million worth of Ethereum from Aave over the past three days. Additionally, a wallet belonging to HTX, the crypto exchange for which Sun is an advisor, has withdrawn a net $455 million worth of ETH over the past week. Wallets attributed to Sun still hold $80 million worth of Ethereum on Aave, according to Arkham data. Sun declined to comment. #ETH #Ethereum

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📣 What is #Chainbase (C Token) ? Complete Guide to the World’s Largest Omnichain Data Network The rapid development of on-chain applications has led to an exponential increase in on-chain data. The trend has led to difficulties in the dispersion and interpretation of multi-chain data, particularly about real-time full-chain data. The integration of AI into the cryptocurrency market and the need for high-quality. Chainbase has emerged as a full-chain data network aiming to address this serious pain point. The project aims to build a data network infrastructure with dual consensus. This article introduces “Chainbase Genesis” and explains how it seeks to democratize on-chain data access. 🔸 What is Chainbase ($C ) Token? At the heart of the project’s infrastructure is the Chainbase Token ($C). The C Token is the project’s native token designed to fuel the entire ecosystem. The C token price has experienced several positive movements following the announcement of its listing by Binance. The other exchanges that have listed C Token at the time of writing include KuCoin, MEXC, Bitget, and among others. There is a total supply of 1 billion tokens, launched on Ethereum. The C Token’s incentive structure is designed to create a sustainable token economy. At least 80% of the accrued fees will go to the operators who maintain the network. Some 15% has been earmarked to incentivize developers who bring valuable data tools. The remaining 5% will be gradually burned over time to reduce the token’s supply. 🔸 Key Benefits of Chainbase Low Latency, High Throughput: The platform facilitates fast data analysis and processing. Security: Chainbase supports a dual-staking consensus model and an on-chain verification challenge to guarantee data integrity. AI Readiness: The protocol is designed to transform raw on-chain data into verifiable, structured datasets for AI use. Data Interoperability: The platform is a unified system enabling data access and utilization across different applications and blockchains. @Chainbase Official

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📈 $PENGU Could Rally 38% if One Key Price Resistance Breaks After a strong 26% gain over the past week, Pudgy Penguins is now hovering just below a crucial resistance level. While much of the altcoin market cools down, PENGU price looks poised to break out. Only if it can push past one key wall. A deeper look at bullish strength, liquidations, and price charts shows the token might still have room to run. 🔸 PENGU Bulls Are In Complete Control Even though PENGU dropped around 2% in the past 24 hours, the bulls still seem to be holding the reins. The Bull-Bear Power (BBP) index, which compares recent highs and lows to measure market strength, is currently flashing green, at around 0.0148. This level suggests buyers still have the upper hand, despite a short-term dip. In simple terms, when BBP is positive, bulls are stronger than bears. And Pengu’s BBP has remained above zero since late June, even as prices hovered below key resistance. That steady strength could be a sign that any dip is just part of a cooldown before another leg up. 🔸 #PENGU Price Action Hints at a 38% Upside Technically, the PENGU price has tested the 0.382 Fibonacci level near $0.039 twice and failed to break above cleanly. It now trades just under that resistance. Do note that besides the Fib extension resistance, a key resistance of $0.037 also exists. The chart uses the Trend-based Fibonacci extension tool. It connects the swing low of $0.0077 to the last swing high of $0.035 and then to the immediately retraced price level of $0.028. This tool helps chart the next price targets for a coin/token in an uptrend. If PENGU price manages a clean breakout above $0.037, $0.039, and then $0.042 (the 0.5 Fib zone), it opens the path to $0.045 first, a 25% surge. If that breaks, the next key resistance point, or rather target, would be $0.050, the 0.786 Fibonacci level. That would be a 38% rally from current prices around $0.036.

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🪙 SOL is almost at the goal Congratulations on +57% profit so far 💵 Also, SOL has surpassed BNB in market capitalization and taken 5th place 🏆 #SOL #Solana

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🤑 Strong Resistance For Ethereum Growth The chart shows that someone is actively holding back Ethereum's growth. In the $3,850–$4,000 zone, a strong wall of sell orders has formed with a volume of 68,000 ETH ($263 million). 🤬 Such a wall can become a serious resistance level and hinder further growth of Ether's price. #ETH #BTCvsETH #Ethereum

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