koinmilyoner
--
Bullish
PayPal implements Chainlink and SOL for payments, saving Solana $545M
Solana rose 6% Friday, outperforming BTC, ETC, and XRP.
FTX's reward and token unlocks don't deter SOL recovery.
PayPal added Chainlink and Solana tokens to its crypto services.
On Friday, Solana bulls had $545 million in long leverage versus $328 million in shorts.
Solana rose 6% on Friday because of PayPal merger, solid U.S. employment news, and China's retaliatory tariffs on US imports.
As PayPal embraces Chainlink and SOL for payments, Solana bottoms at $120.
Solana rose 6% on Friday, outperforming Bitcoin (BTC), Ethereum (ETH), and XRP.
Coming token unlocks and FTX's dividend might affect the market, this swift comeback arrives.
After PayPal officially supported Chainlink (LINK) and Solana (SOL), market mood improved.
SOL price rose from $112 to $123 at press time after Friday's release.
Solana Price Forecast: $130 resistance is dangerous
The Coinglass liquidation map graphic below reveals that Solana bull traders have leveraged approximately $545 million in the past week, supporting the bullish price projection.
The $328 million active short leverage is roughly 40% behind the long holdings.
After initial fears about FTX payouts on tokens hosted on the Solana network, SOL speculative traders are betting big on global demand for alternative assets after China tariffs tanked US stocks markets to drive SOL price higher in the coming trading sessions.
At $123, Solana price is likely to continue its 6% rally on Friday.
However, the Coinglass liquidation map graphic reveals a massive $221 million cluster of active short leverage around $129.
As SOL price reaches $130, bull traders must watch for pullbacks.
A breach from that resistance cluster might spark a short-squeeze liquidation and another run up to $150.
Bears must break $110, with $348 million active long leverage, to end bullish momentum.
#solana #sol #PowellRemarks #WhaleMovements #VoteToListOnBinance $SOL $BTC $ETH
Solana rose 6% Friday, outperforming BTC, ETC, and XRP.
FTX's reward and token unlocks don't deter SOL recovery.
PayPal added Chainlink and Solana tokens to its crypto services.
On Friday, Solana bulls had $545 million in long leverage versus $328 million in shorts.
Solana rose 6% on Friday because of PayPal merger, solid U.S. employment news, and China's retaliatory tariffs on US imports.
As PayPal embraces Chainlink and SOL for payments, Solana bottoms at $120.
Solana rose 6% on Friday, outperforming Bitcoin (BTC), Ethereum (ETH), and XRP.
Coming token unlocks and FTX's dividend might affect the market, this swift comeback arrives.
After PayPal officially supported Chainlink (LINK) and Solana (SOL), market mood improved.
SOL price rose from $112 to $123 at press time after Friday's release.
Solana Price Forecast: $130 resistance is dangerous
The Coinglass liquidation map graphic below reveals that Solana bull traders have leveraged approximately $545 million in the past week, supporting the bullish price projection.
The $328 million active short leverage is roughly 40% behind the long holdings.
After initial fears about FTX payouts on tokens hosted on the Solana network, SOL speculative traders are betting big on global demand for alternative assets after China tariffs tanked US stocks markets to drive SOL price higher in the coming trading sessions.
At $123, Solana price is likely to continue its 6% rally on Friday.
However, the Coinglass liquidation map graphic reveals a massive $221 million cluster of active short leverage around $129.
As SOL price reaches $130, bull traders must watch for pullbacks.
A breach from that resistance cluster might spark a short-squeeze liquidation and another run up to $150.
Bears must break $110, with $348 million active long leverage, to end bullish momentum.
#solana #sol #PowellRemarks #WhaleMovements #VoteToListOnBinance $SOL $BTC $ETH
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.Ā See T&Cs.