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#Solana recovered 2.13% to trade at $170 after a recent pullback. With a falling wedge breakout and 11.16 million wallets holding 0.1 SOL or more, the altcoin is targeting $215. After pulling back from $185 to $165, Solana shows signs of a potential bullish comeback. It trades at $170, posting an intraday recovery of 2.13%. Could this rebound in SOL spark a breakout rally toward $215? Solana Price Analysis On the daily chart, Solana displays a breakout from a falling wedge pattern and is gradually gaining momentum. The breakout rally pushed the price up nearly 50% in just over a month, reaching the 61.80% Fibonacci level at $184.52. However, a strong supply zone overlapping with this critical Fibonacci resistance triggered a pullback, resulting in a retest of the 50% Fibonacci level at $165.71. As Solana holds above this crucial support level, Mondayâs intraday recovery, combined with a lower price rejection, suggests a bullish resurgence. That said, momentum indicators show slight weakness in trend strength. The MACD and signal lines have formed a bearish crossover, while the daily RSI has dropped from the overbought zone to around the midpoint. If the broader market recovery continues, a potential breakout could challenge the 78.60% Fibonacci level at $215. In an optimistic scenario, an extended bull run might even revisit the $261 peak reached in late January. Conversely, a daily close below $165 would invalidate the bullish outlook and likely lead to a test of the 38.20% Fibonacci level at $148. Solana Holder Count Hits New All-Time High Supporting the bullish case, crypto analyst Ali Martinez recently highlighted a sharp increase in Solana wallet holders. In his latest tweet, he noted that the number of wallets holding at least 0.1 SOL has reached a new all-time high of 11.16 million. With a growing base of investors, Solanaâs upward trend appears poised to gain further momentum, raising the likelihood of a breakout rally toward the $215 mark. #CryptoNewsđđ„V
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"Bullish Breakout: Cardano Eyes $0.82 After Record ADA Outflows and Channel Breakout"
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#Pepe forms a bullish flag after a 100% rally in early May. With $527 million in open interest and a spike in funding rates, the meme coin targets resistance at $0.000020. As the crypto market experiences a bullish turnaround, meme coins are regaining momentum. Over the past 24 hours, top meme coins like Dogecoin, Shiba Inu, and Pepe have surged by nearly 5%. Could Pepeâs bullish comeback result in a flag pattern breakout toward the $0.000020 mark? PEPE Price Analysis In the 4-hour price chart, Pepe maintained a sideways trajectory between $0.000015 and the upper psychological barrier at $0.00001196. This consolidation phase lasted 11 days and compressed trend momentum. The sideways movement followed a near 100% rally in early May, where PEPE surged from $0.00000761 to $0.000015. This price action completes a classic bull flag formation, with the rally serving as the flagpole and the consolidation phase forming the flag. Supporting the case for an upside breakout, Pepeâs current recovery is pushing toward the upper boundary. Momentum indicators further reinforce the bullish outlook. The MACD and signal lines remain in positive alignment, while the RSI is trending upward after crossing the midline. With growing bullish sentiment, technical indicators continue to support an optimistic view for Pepe. According to trend-based Fibonacci levels, a successful flag breakout could target the 78.60% retracement level near $0.000020, with an intermediate resistance around the 50% level at $0.00001657. On the downside, key support remains at $0.00001196, followed by the psychological level at $0.000010. Pepe Funding Rate Spike Signals Bullish Sentiment in the Futures Market Bullish expectations of a breakout rally are also rising in PEPE derivatives market. Open interest has increased by 3%, reaching $527 million, close to its all-time high. Short liquidations over the past 24 hours have exceeded $1 million. As of latest data, the funding rate for PEPE has spiked to 0.0145% following a period of consolidation, reflecting a sharp rise in bullish sentiment..
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As market interest in XRP surges, the #Ripple team has renewed its warnings over a growing wave of crypto-related scams. The company issued an alert on X, pointing to an increase in fraudulent schemes targeting XRP holders, especially those tied to fake airdrops and impersonation tactics. According to Ripple, these scams have persisted and are now adapting quickly, using sophisticated tactics to exploit unsuspecting users during market highs. Rise in Fake Giveaways and Executive Impersonation One of the most common scams flagged involves fake giveaways. These posts typically promise users double returns if they send a specific amount of XRP. The messaging often mimics Rippleâs CEO, Brad Garlinghouse, and other executives, employing deepfake technology to create convincing yet entirely fabricated promotional content. In parallel, scammers are cloning profiles of Ripple executives using verified X accounts and accurate logos. These impersonators often send direct messages or tag users in posts claiming urgent XRP developments or exclusive airdrops. Ripple has advised users to always verify account authenticity through official channels rather than relying on post interactions or direct messages. The firm stated that these scams have become more dangerous due to their increasing use of AI-generated content, such as deepfake videos and manipulated interviews involving Ripple executives. Malicious Wallets, Phishing Traps, and the Treasury Hoax Beyond fake giveaways and impersonations, scammers have created malicious wallets and exchanges designed to steal funds. These platforms often masquerade as legitimate XRP wallets but serve as drainers. Ripple recommended that users stick to recognized wallet providers such as Ledger, Trust Wallet, Xaman, Atomic, and GateHub. Phishing scams remain a prevalent threat. Fraudsters send emails or direct messages that appear to be from Ripple support, using clean branding and accurate language. These messages typically include links asking users to verify their wallets or claim bonuses... #CryptoNewsCommunity
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The U.S. Senate has voted to advance the stablecoin-regulating GENIUS Act, with 16 Democratic Senators changing their votes to support the bill. In an interesting development, the U.S. Senate advanced the GENIUS Act in a key procedural vote, passing it by a margin of 66-32. 16 Democratic Senators Change Initial Vote to Yes The development comes over a week after several Democratic Senators blocked an initial attempt to advance the stablecoin regulation. At the time, these senators expressed concerns over Donald Trumpâs potential conflict of interest and anti-money laundering provisions related to the bill. However, the Senate succeeded in passing the motion to invoke cloture on the GENIUS Act in a 66-32 vote. It bears mentioning that this would not have been possible without 16 Democratic Senators changing their votes to âYesâ. They include Senators Kirsten Gillibrand, Adam Schiff, Ben Ray LujĂĄn, Angela Alsobrooks, Mark Warner, Jon Ossoff, Catherine Cortez Masto, John Fetterman, and Alex Padilla. Others are Senators Elissa Slotkin, Ruben Gallego, Martin Heinrich, Jacky Rosen, Maggie Hassan, Lisa Blunt Rochester, and Cory Booker. Three of these senatorsâSchiff, Slotkin, and Gallegoâwere initially supported by Fairshake PAC during the 2024 election. For context, Fairshake is a political action committee funded by crypto entities like Ripple and Coinbase to advocate for pro-crypto legislation. Next Steps Based on the latest development, the GENIUS Act will now proceed to the Senate floor for debate and potential amendments. Afterward, a full vote will be held to determine the billâs final passage. Eleanor Terrett, the host of the Crypto in America show, disclosed that this process will commence tomorrow, May 21. Republican Senators, including Cynthia Lummis, hope to pass the GENIUS Act before the U.S. Memorial Day, slated for May 26. However, it is uncertain whether the GENIUS Act will pass by then. #CryptoNewss
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