How to Earn Big with Trending Coins: $SOL and Other Hot Picks on Binance Today
If you’re looking to earn money through crypto trading, it’s essential to focus on coins that show strong momentum and high trading volumes. One coin that has recently caught the attention of traders on Binance is Solana ($SOL) — and for good reason. Let me explain why $SOL is creating waves in the market and how you can position yourself smartly to maximize profits.
$SOL Just Sent a Powerful Signal to Traders
Recently, Solana triggered a short liquidation worth $2,880 at $162.66, shaking the market in a way that’s more than just a random move. This event signals that the bears (those betting on price decline) are getting squeezed, while bulls (buyers) are ready to push prices higher. When weaker hands exit, stronger traders jump in — which often leads to a sharp upward move.
Key Zones to Watch for $SOL
Accumulation/Bounce Zone: $159.20 to $161.30
This range shows where buyers are actively accumulating, supported by visible liquidations of shorts. Smart money is likely reloading here, preparing for a breakout.
Bullish Price Targets:
Target 1: $166.50 — The first resistance where some traders may take early profits.
Target 2: $172.00 — A major liquidity zone where the price could see a strong squeeze.
Target 3: $178.40 — If momentum stays strong, this level could mark a powerful rally.
Stop Loss: $157.80
Set a tight stop loss just below this level to protect yourself from sudden downward moves. Falling below this might invite more selling pressure and invalidate the bullish setup.
Why $SOL Is One of the Top Trending Coins Today
High Trading Volume on Binance: Traders are actively buying and selling $SOL, making it one of the most liquid coins.
Strong Technical Setup: The recent short squeeze and price action suggest that $SOL is gearing up for a potential strong upward run.
Solid Fundamentals: Solana remains a popular blockchain with fast transaction speeds and growing developer activity.
Other Coins Dominating Binance Trading Right Now
Besides $SOL, here are some coins you should watch closely because they show consistent high trading volumes and strong market interest:
$BTC (Bitcoin): The king of crypto, always a major player.
$ETH (Ethereum): The backbone of DeFi and smart contracts.
$BNB (Binance Coin): Essential for Binance ecosystem users.
$ADA (Cardano): Growing adoption and steady development.
$MATIC (Polygon): Layer-2 solution boosting Ethereum scalability.
How to Trade These Trending Coins and Maximize Earnings
1. Watch the Price Zones: Enter trades near accumulation zones where buying interest is strong.
2. Use Tight Stop Losses: Protect your capital by setting stop losses just below critical levels.
3. Plan Your Profit Targets: Know when to book profits, especially at resistance levels where price may reverse.
4. Stay Updated: Follow market news and technical alerts regularly to catch sudden moves early.
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Final Thoughts
$SOL’s recent short squeeze isn’t just a random event — it’s a clear bullish signal that savvy traders should not ignore. With the right strategy, you can take advantage of this momentum and potentially earn good profits. Remember, crypto trading involves risks, so always manage your trades carefully.
Start watching these trending coins on Binance today, develop your trading plan, and position yourself to earn in this exciting market!