Recently, the crypto market has welcomed multiple positive news, with several mainstream coins and popular memecoins showing bullish signals. #solana Golden cross support, #Bonk launching Nasdaq funding strategies, #pengu appearing on the F1 track, #以太坊ETF record high fund inflows... it's hard not to say: 'This market trend is really coming!' 📈#机构疯抢以太坊

Solana (SOL) welcomes a rare 'golden cross', is the price expected to sprint to $240?

Solana (SOL) has recently shown remarkable performance.

Prices have risen more than 35% since the June low, reaching $175.19 on August 12, with a monthly increase of over 9% and a 40% rise since the beginning of the year. Most importantly, SOL has just formed a classic 'golden cross' on the daily chart—where the 50-day moving average crosses above the 200-day moving average, which is a well-known 'price increase signal' in the crypto space! A similar pattern last October led to a 50% increase over three months. 😉

What’s even better is that SOL has also printed a beautiful 'cup and handle' pattern; the technicals collectively suggest that it is likely to rise further in the coming weeks, with target prices even challenging $240 or $248. As long as it does not fall below the support level of $156, the upward trend still has a chance!

The funding side is also not to be underestimated. Multiple listed companies such as Bit Mining and Upexi are adding to their positions in Solana, with Upexi planning to raise $200 to $300 million for further investment. Meanwhile, the strategic cooperation between Solana and R3 has elevated its strength in the asset tokenization field, attracting heavyweight clients like HSBC and Bank of America. User activity is surging, and the bullish atmosphere is becoming increasingly strong.

BONK teams up with Nasdaq to launch a $25 million funding strategy.

Having talked about SOL, let’s take a look at another dark horse in the crypto space—BONK.

This meme coin on the Solana chain has recently caught the attention of Nasdaq-listed company Safety Shot, which will launch a $25 million BONK funding strategy to create a new model for the 'memecoin treasury'.

Safety Shot is known for its patented beverages and has recently cleared its debts, with ample cash. The choice of BONK is mainly due to the high speed and low transaction fee advantages of the Solana chain, as well as BONK's 'burn' mechanism—continuously reducing circulating supply to increase token scarcity. CEO Jarrett Boon states that this strategic cooperation is the first step in the company’s transformation, and in the future, memecoin fund management may become mainstream.

It's worth noting that this wave of memecoin funding strategies has just begun. In July, Nasdaq-listed Bit Origin announced a $500 million DOGE treasury, while Everything Blockchain created a portfolio including PEPE and BONK. Memecoins are officially bidding farewell to the 'joke coin' label and stepping onto the main stage of the capital market! 🚀

PENGU shines brightly, with its mascot appearing on the F1 track, targeting a price of $0.05.

When it comes to memecoins, one cannot miss Pudgy Penguins (PENGU).

This 'fat penguin' won the championship in the Meme Coin Showdown hosted by Kraken, defeating DOGE and BONK with over $21.4 million in trading volume, earning the opportunity to appear on the Williams FW47 car at the F1 Singapore Grand Prix—super adorable! 🐧🏎️

The technical side is also quite stable, with PENGU's price currently oscillating around $0.036, forming a bullish triangular flag pattern.

As long as it breaks through the $0.04 mark, the next target will be locked at $0.045 or even $0.05, with an increase of up to 39%. However, if the support level at $0.0312 is lost, this pattern will be invalidated, and short-term operations should be cautious of risks.

Ethereum ETF sets a historical record, with a surge of $1 billion in funds, targeting a new high!

Finally, some heavyweight news—institutional enthusiasm for Ethereum (ETH) is unprecedented. The net inflow of funds tracking ETH's U.S. stock ETFs reached an astonishing $1.02 billion on August 11, setting a record for the largest single-day inflow. Giants like BlackRock and Fidelity are jumping in, with inflows for five consecutive days, indicating institutional bullish confidence in Ethereum.

ETH prices have also soared, recently breaking through the $4,000 mark, reaching a high of $4,278, just a step away from the historical high. Analysts predict that after breaking the $4,300 resistance, the target will lock in on $4,500, or even challenge the historical high of $4,815 again!

On-chain data shows that the mentality of long-term holders has shifted from 'surrender' to 'faith', with large holders entering the market in droves. The total amount of ETH held by enterprises has exceeded $14 billion, reducing market selling pressure. Although the relative strength index shows that the market has overbought risks and may have short-term pullbacks, the overall trend is clearly positive.

Summary

From Solana's golden cross + cup-and-handle pattern, to BONK being favored by Nasdaq-listed companies; from PENGU winning the competition and moving to the F1 track, to Ethereum ETF funds surging and prices sprinting to historical highs, the crypto space is entering a period of rising momentum from multiple points of strength. Various funds and technical signals are converging, and the market in the coming weeks is worth looking forward to! Are you ready? 🔥

Many understand the trend, but few follow the right rhythm.

The crypto space changes rapidly, with opportunities and risks coexisting. Learning to enter and exit strategically, protecting your principal, is the way to move forward steadily and reap wealth and growth. ✍️

Remember to DYOR, manage your risks, and wish everyone smooth sailing in the crypto world! 🌊

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