๐Ÿ“ฐ Crypto Market Snapshot โ€“ May 10, 2025

1. Bitcoin Holds Above $103K ๐Ÿš€

Bitcoin (BTC) is trading at $103,157, maintaining its position above the psychological $100K mark. The price reached an intraday high of $103,978 and a low of $102,520, indicating steady investor confidence.

2. Ethereum ETF Inflows Resume ๐Ÿ“ˆ

After four consecutive days of outflows, the US Ethereum spot ETF has recorded net inflows, signaling renewed institutional interest in Ethereum.

3. Solana Approaches Key Resistance ๐Ÿ”

Solana (SOL) is currently priced at $170.70, with an intraday high of $175.69. The price is nearing the critical resistance zone between $164 and $170. A sustained move above this range could open the path toward $175 and $189.

4. Meme Coins Gain Momentum ๐Ÿถ

Dogecoin (DOGE) and Shiba Inu (SHIB) have seen trading volume spikes of 15% and 12%, respectively, over the past 24 hours, reflecting increased investor interest.

MIND of Pepe, an AI-powered meme coin, is launching its autonomous AI agent today, aiming to revolutionize crypto analysis and interaction.

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๐Ÿง  Educational Tip: Understanding ETF Inflows and Outflows

ETF inflows indicate new capital entering the fund, often signaling bullish sentiment. Conversely, outflows suggest investors are withdrawing capital, which can be a bearish indicator. Monitoring these flows can provide insights into market trends.

๐Ÿ“ˆ Trading Strategy Insight: Navigating Resistance Levels

When an asset approaches a known resistance level, such as SOL at $170, traders should watch for breakout confirmations or signs of rejection. A breakout above resistance may signal a bullish trend, while a failure to break through could indicate a potential pullback.

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๐Ÿ”– Hashtags:

#CryptoNews #Ethereum #Solana #MemeCoins #bitcoin $BTC $ETH $SOL