🔷️On July 12th, when #ENA was at $0.33, we noted that it had broken its descending trend. Since then, it has reached the second resistance level, hitting $0.50, which marks an impressive 61% increase. Technically, the next resistance targets are indicated by the yellow lines.
🔸 RSI is in a slightly bullish zone, and MACD is showing a positive crossover.
🔸 Moving averages are supporting the upward trend.
🔸 Holding above $0.45 could maintain bullish momentum.
🔸 In case of pullbacks, the $0.37–$0.34 range may act as support.
The fundamental and technical structure remains positive.
This is not investment advice.
#ENA #Ethena #Altcoin #Crypto
ETH Surges 5.4% as Record $50B Open Interest and U.S. Stablecoin Law Drive Bullish Momentum
Ethereum (ETH/USDT) has experienced a 5.40% price increase over the past 24 hours, with the current price at $3,736.33 on Binance. This upward movement is primarily attributed to a significant short squeeze, record-high open interest exceeding $50 billion, and increased institutional inflows, including notable holdings by BitMine Immersion and Bit Digital. The broader crypto market has also been buoyed by the passage of the GENIUS Act in the United States, which establishes a federal regulatory framework for stablecoins and may impact Ethereum due to its role in DeFi and stablecoin infrastructure. Additionally, positive sentiment is supported by strong ETF inflows and announcements from major institutions like Charles Schwab planning to offer spot trading for Ethereum. Over the last 24 hours, Ethereum traded between $3,526.44 and $3,766.45, with a 24-hour trading volume of $39.68 billion and a market capitalization of approximately $450.95 billion, reflecting robust market activity and continued bullish sentiment.
SOL Token Surges 3% as Binance Soft Staking, NFT Growth, and ETF Talks Drive $10B Volume
Solana (SOL) has experienced a notable price increase in the last 24 hours, rising by 3.09% to $181.95 on Binance. This upward movement is primarily attributed to heightened activity in Solana’s NFT, DeFi, and gaming sectors, as well as positive sentiment following the introduction of Soft Staking for SOL on Binance, which allows users to earn daily rewards with full liquidity. Additional market optimism stems from discussions around a potential Solana ETF with staking features and the network’s recent breakout from a long-term technical pattern.
Currently, SOLUSDT is trading at $181.95 with a 24-hour opening price of $176.50. The trading volume remains robust, with recent figures showing over $10.4 billion in 24-hour volume and a market capitalization near $97.38 billion, reflecting strong market interest and liquidity.
$ETH at $4,000 feels similar to #Bitcoin at $12,000 in 2020.
I remember waiting months and months for BTC #breakout Despite Saylor buying and Fed printing trillions, BTC was unable to reclaim $12K.
But then #Q4 came, and #BTC started to rally. Within 4-5 months, BTC #pumped 400%.
I think once #ETH breaks out above $4K it will have the same impact and we will see it explode towards $10,000.
Asia's weekly TOP10 crypto news (July 15 to July 20): Russia’s Largest Bank Sberbank Launches Crypto Custody, China Explores Stablecoins and Industrial Assets, Pakistan Signs Bitcoin Agreement with El Salvador, Kazakhstan Mulls Crypto Reserve, Japan Proposes 20% Tax on Crypto Trading, Malaysia Backs Blockchain Week and More
🚀 2 cryptocurrencies to buy now for your retirement portfolio
Although the cryptocurrency market is known for its volatility, several assets are increasingly showing potential for inclusion in long-term retirement portfolios.
🔸 Solana (#SOL )
Solana has matured significantly in recent years, following a near collapse in 2022 due to its ties to the FTX saga. Notably, Solana earns a place in the portfolio thanks to its ability to process thousands of transactions per second, making it ideal for decentralized finance (DeFi) and gaming applications.
The ecosystem is also expanding, with the potential to attract institutional investors, especially with a possible spot ETF on the horizon.
Solana’s architecture also appeals to developers migrating from congested and costly Ethereum chains, giving it strong forward momentum.
Previously, Solana surged from $0.22 in 2020 to over $200 at its peak and has undergone upgrades aimed at improving the network. Analysts, such as VanEck, project that its price could exceed $3,200 by 2030, making it an ideal investment option.
🔸 Hedera (#HBAR )
Hedera (HBAR) is quietly becoming the go-to network for enterprise adoption. Built on its unique Hashgraph consensus, a faster, more energy-efficient alternative to traditional blockchain, Hedera can process over 10,000 transactions per second with near-instant finality.
What sets HBAR apart is its governance council, composed of industry giants such as Google, IBM, LG, and Deutsche Telekom. These stakeholders not only validate the network but also build on it, demonstrating rare institutional confidence in a crypto project.
Use cases include tokenization, identity verification, carbon tracking, and supply chain solutions, offering solid potential for long-term growth.
At press time, HBAR was trading at $0.27, up 0.1% in the last 24 hours and 12% over the past week.
While the cryptocurrency market remains volatile, Solana and Hedera stand out for their real-world utility.
{spot}(HBARUSDT)
{spot}(SOLUSDT)
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