⏺ Polymarket: Solana ETF approval is almost a matter of time | TopCryptoNews on Binance Square

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⏺ Polymarket: Solana ETF approval is almost a matter of time
91% of Polymarket participants bet on Solana ETF approval in 2025. Arguments: growing interest from funds and possible softening of the SEC position under the new head.
#SOL #Solana  #ETF  

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🐸 $PEPE Reclaims $0.000010 as Bullish Signals Build: Is a Reversal Incoming? Pepe has reclaimed the $0.000010 level, with technical indicators hinting at a potential bullish reversal. As bearish momentum declines across the broader crypto market, meme coins are positioning for a bullish turnaround. Amid rising chances of a market-wide reversal, Pepe has reclaimed the psychologically important $0.000010 mark, suggesting a possible bullish bounce. 🔸 #PEPE Price Analysis On the daily chart, Pepe is forming a base near the 38.20% Fibonacci retracement level at $0.00001026. This pattern hints at a potential double bottom, with the previous low formed on June 5. The daily RSI shows a minor bullish divergence between the two recent lower lows, supporting the reversal outlook. Similarly, the MACD and signal lines are converging, suggesting a possible bullish crossover and trend reversal. Currently, Pepe is trading at $0.00001033, down 36% from its 30-day high of $0.00001630. Based on Fibonacci retracement levels, a potential bullish move could first challenge the 50% level at $0.00001226, followed by the 61.8% level at $0.00001465. On the downside, if the psychological support fails, a deeper correction could test the 23.60% Fibonacci level at $0.00000823. 🔸 Whale Books Massive Loss Amid Bearish Trend Over the past 24 hours, a whale deposited 600 billion PEPE worth $6.1 million onto Binance. This represents a significant $3.5 million loss for the investor, as the price has declined by 12.6% from their purchase price. 🔸 Pepe Derivatives According to Coinglass data, market optimism is not fully aligning with technical analysis, which still hints at a potential trend reversal. Open interest has declined by 0.77%, standing at $537.79 million. Moreover, liquidations over the past 24 hours indicate a wipeout of bearish traders, as short liquidations outpaced long ones. Specifically, data shows short liquidations reached $698,000 over the past day, while long liquidations were at $420K. #PEPE #Pepecoin

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😱 Is everyone expecting a crash? So it may not happen! When fear reigns in the market, the "black swan" usually does not fly. Meanwhile, the Total Market Cap chart forms a reverse head and shoulders - one of the most bullish patterns. ❗️ While the crowd is in panic, the structure hints at growth. It is at such moments that the best entry points appear.

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🪙 $LTC tested the support zone If it falls to it again, this could be a good opportunity for additional purchase. Support and resistance levels remain the same. Litecoin is showing stability again: in another unstable period on the altcoin market, it holds on confidently and shows the smallest losses among competitors. ❗️The coin is already in our portfolio, and partial purchase at current levels is a completely reasonable decision. The main thing is not to go overboard. #LTC #Litecoin

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🛡 Pump Fun is under attack from disgruntled users. Memecoin creation platform Pump Fun has hired renowned crypto lawyers from Brown Rudnick. They will defend the platform's interests in a lawsuit filed on behalf of 500 users who suffered losses after the launch of memecoins. #pumpfun

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📣 Solana Skyrockets 92% in Activity Surge Amid 8% Price Jump — What's Next for $SOL ? Solana's trading volume has increased by 92% in the last 24 hours, along with a significant 8% price increase, raising the prospect of a bigger breakout. Following a four-day slide from a high of $168 on June 11, Solana rebounded sharply in Sunday's session from lows of $144. The rally continued in the early Monday session, with SOL now up 8% in the last 24 hours to $156, outperforming the top 10 in daily gains. The recent outperformance follows the ETF optimism surrounding Solana, with CoinShares submitting an S-1 filing to launch a Solana ETF. In the past week, Bloomberg ETF analyst James Seyffart reacted to reports that the SEC had reached out to issuers, requiring them to submit updated documents for their Solana ETFs, including staking. Along these lines, seven potential Solana ETF issuers, including Vaneck, have submitted S-1 filings. With its latest S-1 filing, CoinShares becomes the eighth issuer to jump into the Solana spot ETF race. In positive news, MemeStrategy, a publicly listed company on the Hong Kong Stock Exchange, has acquired 2,440 SOL, becoming the first Hong Kong-listed firm to invest in the Solana ecosystem. 🔸 What's next? Analysts are keeping a close eye on the $161 level, which coincides with the daily SMA 50 and above, and if breached, could signal further upside. A strong breakthrough might pave the way for a move toward the daily SMA 200 at $173 before moving on to the $180 or possibly $200 levels, which have not been seen in months. However, if the recovery stalls and fails to break above resistance, SOL may pull back to retest support near $140. Any dip below this level could lead to deeper corrections. According to Ali, a crypto market analyst, a loss of support at the $140 level might trigger a drop to $100. #Solana #SOL

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