The U.S. Core CPI came in lower than expected at 3.1% year-over-year, compared to the projected 3.2%. Crypto markets responded positively to the news, with Solana briefly surpassing $130. Currently priced at $128, Solana is showing signs of a strong recovery. Could this momentum push SOL to $170? Let's analyze.
#### **Solana Price Analysis** Solana recently dipped to $112 but has rebounded with a 6% price increase on March 11, indicating renewed bullish sentiment. Despite five consecutive red candles, a 1.94% intraday gain is fueling a potential V-shaped recovery from the S-1 pivot support at $104. If the trend continues, SOL could test the 20-day EMA at $145.
#### **Solana Surpasses Ethereum in 24-Hour Revenue** In a surprising shift, Solana outperformed Ethereum in 24-hour network revenue, generating $442,000 compared to Ethereum’s $419,000, according to SolanaFloor. Maker followed closely with $391,000 in revenue.
#### **SIMD-228 Proposal Nears Approval** Previously, we covered the SIMD-228 proposal aimed at reducing SOL inflation by approximately 80%. The proposal has passed with 67.97% "yes" votes (out of yes+no), surpassing the required 67% threshold. However, 56% of stakeholder votes are still uncast, with voting continuing until Epoch 755.
#### **Growing Interest in Solana Derivatives** As Solana gains traction, futures open interest has climbed to $3.7 billion. A negative funding rate of 0.0065% indicates that sellers are willing to pay a premium to maintain short positions. The long-to-short ratio stands at 0.9767 over 24 hours, with $7.54 million in short liquidations and $5.58 million in long liquidations, totaling $13.12 million.
Will Solana continue its rally past $125, or will resistance hold strong?
$LAYER /USDT 🚀 Testing Key Levels – Breakout Ahead? LAYER is showing strong bullish momentum, up +7.39%, currently trading at $0.9827! With a 24H high of $1.0168, a breakout above $1.0000 could open the doors for a major rally! 📉 Support Zone: $0.9600 - $0.9700 📈 Resistance: $1.0000 - $1.0200 Trade Setup: 🔹 Long Entry: Above $0.9900 🎯 Target 1: $1.0200 🎯 Target 2: $1.0500 🎯 Target 3: $1.1000 🛑 Stop Loss: $0.9500 🔍 Market Insight: LAYER is consolidating near key resistance. A strong close above $1.0000 could confirm a breakout toward $1.0500+! 🔥 Pro Tip: Keep an eye on volume—rising buy pressure could accelerate the move! #LAYER #CryptoTrading #Binance #Altcoins 🚀 $LAYER
**$RED /USDT 🚀 Massive Surge! Can It Keep Climbing?**
RED is on a tear! 🔥 Up **+29.57%**, currently trading at **$0.6065**, with a fresh **24H high of $0.6169**. Bulls are in control, and momentum remains strong!
🔍 **Market Insight:** If **RED holds above $0.6000**, we could see further upside, with a breakout above **$0.6200** confirming a push toward **$0.6500+**!
🔥 **Pro Tip:** Keep an eye on **volume spikes**—sustained buying pressure could drive another breakout!
Cardano Struggles—ADA Faces Big Challenges Cardano fell below $0.75 again. ADA is recovering and may see resistance at $0.750. ADA began a rebound from $0.650. The price is below $0.750 and the 100-hour SMA. The hourly ADA/USD chart shows a short-term bearish trend line with resistance at $0.720. The pair might rise again if it breaks $0.750 barrier. Cardano Price Rises Like Bitcoin and Ethereum, Cardano fell below $0.80 in recent days. Below $0.750 and $0.70 support levels, ADA fell. The $0.650 zone was examined last. Recently, the price began recovering from a low of $0.6495. Price rose over $0.680 and $0.70. The price hit the 50% Fib retracement level of the $0.8169 swing high to $0.6495 low decline. On the hourly ADA/USD chart, a short-term bearish trend line formed with resistance at $0.720. Cardano is below $0.80 and the 100-hour SMA. The upswing may encounter resistance at $0.750 and the 61.8% Fib retracement level of the bearish move from $0.8169 swing high to $0.6495 low. At $0.7750, resistance begins. The next hurdle may be $0.80. A closing above $0.80 barrier might spark a powerful surge. In this situation, the price may reach $0.950. More increases might lead to $1.00 soon. Another ADA decline? Cardano's price might fall again if it fails to break $0.750. Near $0.7150 is immediate downside support. Near $0.6880 is the next important support. A drop below $0.6880 might challenge $0.650. The next significant support is $0.6320, where bulls may appear. Tech Indicators Hourly MACD - ADA/USD MACD is losing bullish momentum. Hourly ADA/USD RSI is below 50. Major Support Levels: $0.7150, $0.6880. Major Resistance: $0.7500, $0.7750. #ADA #Cardano #USTariffs #MarketRebound $ADA
**White House Backs Down on Canadian Tariffs! 🇺🇸➡️🇨🇦**
**Planned Tariff Hike on Canadian Steel & Aluminum Scrapped 🔧⚙️**
### **What Happened? 🤔** Big news from Washington! The White House has decided *not* to proceed with its plan to double tariffs on Canadian steel and aluminum. 🚫💰
Officials say the reversal aims to ease tensions and keep trade running smoothly. 🕊️💼
### **The Original Plan 📈🔨** - The U.S. planned to **double** tariffs on Canadian steel 🏗️ and aluminum 🥫. - The reason? Concerns over **market flooding** and **price impacts**. 🌊💵
### **Canada’s Reaction 🇨🇦👍** - Canadian officials **welcomed** the decision. 🎉 - They had warned that higher tariffs could **hurt both economies**. 💔💼 - Now? A sigh of relief on both sides of the border. 😌🤝
### **Why the Change of Heart? ❤️🔁** - **Industry leaders** in both countries spoke out. 📣 - Fears of a **trade war** were growing. ⚔️ - **Economists warned** it could lead to higher consumer prices. 🛒💸 - In the end, **diplomacy won**! 🤝🇺🇸🇨🇦
### **What’s Next? 🔮** - Officials are now working on **better trade agreements**. 📝✍️ - Both nations want to **strengthen economic ties** without heavy tariffs. 🌐💼 - For now, businesses on both sides are **breathing easier**.
### **The Bottom Line 🧾** ✅ No double tariffs! ✅ More cooperation, less conflict. 🌎✌️ ✅ Good news for **steel, aluminum, and wallets everywhere**! 🏗️⚙️💰
Ethereum (ETH) is currently trading at approximately $1,885.99, reflecting a slight 0.98% decline from the previous close.
The cryptocurrency market has been highly volatile, though Bitcoin and XRP are showing signs of stabilization. Bitcoin is trading at $83,500, up over 3%, while XRP has risen around 5% to $2.24 after recent dips. In contrast, Ethereum has remained relatively steady, now priced at $1,930.
Looking ahead, Ethereum’s Pectra upgrade, scheduled for March 2025, aims to enhance wallet experiences, improve security, and increase staking limits. This update could drive greater demand for ETH.
Price predictions for Ethereum in March 2025 vary: - **Cryptopolitan** forecasts a minimum price of $3,732, an average of $4,125, and a maximum of $4,243. - **Crypto News** predicts a low of $3,300, a high of $5,050, and an average of $4,175.
As always, the cryptocurrency market remains highly volatile. Prices can change rapidly, so conducting thorough research and assessing your risk tolerance before investing is crucial.$ETH
PepPepe Coin (PEPE) Set to Hit $0.01, Cardano (ADA) Eyes $5, While Mutuum Finance (MUTM) Steals the
$PEPE $ADA The crypto market is buzzing with three standout tokens—Pepe Coin (PEPE), Cardano (ADA), and Mutuum Finance (MUTM). While PEPE is predicted to surge to $0.01 and ADA targets $5, MUTM is emerging as the dark horse, with analysts forecasting a rapid climb to $8. As a high-utility DeFi project, MUTM has already attracted over 5,200 holders during its presale, securing $3.1 million in funding.
### **Pepe Coin (PEPE): Capitalizing on the Meme Coin Momentum** Pepe Coin (PEPE) has seen a surge in demand after Binance included it in the BNSOL Super Stake program, boosting investor confidence and driving a 7% price increase. Crypto analyst Mister Crypto projects PEPE could soon hit $0.0144, with a more conservative 2025 target of $0.00014.
Given the historical performance of meme coins, PEPE has the potential for a 10x increase, especially with exchange listings and staking initiatives fueling momentum. However, as a speculative asset with no intrinsic utility, it remains a high-risk investment.
### **Cardano (ADA): A Critical Breakout on the Horizon** Cardano (ADA) is at a key turning point, currently holding above $0.80 but facing strong resistance around $1.20. A successful breakout could pave the way for a surge toward $5, but achieving this milestone depends on significant network growth and an increase in trading volume.
However, a decline in active addresses on Cardano’s blockchain suggests waning user engagement. For ADA to reach its ambitious target, the network must attract more participants and enhance liquidity. While challenging, a favorable market environment could make the $5 goal achievable.
### **Mutuum Finance (MUTM): The DeFi Powerhouse on the Rise** Mutuum Finance (MUTM) is making waves with its cutting-edge decentralized lending model and strong tokenomics. Its presale is already in its third phase, raising $3.1 million from 5,200 investors who purchased tokens at $0.02 each. The next presale phase will increase the token price to $0.025, offering early investors a 25% gain before launch.
MUTM’s unique lending pools allow users to earn passive income by borrowing and lending assets. Its **mtTokens system** enhances liquidity by enabling users to tokenize deposits for additional earnings. Meanwhile, its buy-and-distribute strategy continuously strengthens MUTM’s value, rewarding long-term holders.
Market analysts predict MUTM could reach $8 post-launch, offering substantial returns for early investors. For example, a $2,500 presale investment could skyrocket to over $60,000 if the token reaches $0.60. With presale slots filling up fast and a price hike on the horizon, investors are rushing to secure their holdings before the next phase.
### **The Verdict: MUTM Outshining PEPE and ADA?** Among PEPE, ADA, and MUTM, Mutuum Finance (MUTM) stands out due to its real-world utility, strong presale momentum, and innovative lending model. While PEPE thrives on speculation and ADA faces network engagement challenges, MUTM offers a tangible DeFi solution with a rapidly growing user base.
As the crypto market evolves, MUTM is well-positioned to drive the next wave of DeFi innovations. With its presale nearing capacity and a price jump imminent, investors looking for high-growth opportunities might not want to miss out.
Ethereum Struggles Below Resistance as Bulls Seek Breakout**
$ETH
Ethereum remains under pressure, failing to reclaim the $2,000 resistance level. The price is consolidating, facing a key hurdle at $1,920.
- ETH dipped below $2,000 support once again. - Trading below $1,950 and the 100-hour SMA. - A short-term bearish trend line on the ETH/USD hourly chart shows resistance at $1,890. - A breakout above $1,890 and $1,950 is crucial for further upside.
### **Ethereum Faces Strong Resistance** Ethereum extended its decline from the $2,020 zone, mirroring Bitcoin’s price action. Bears gained momentum, driving the price below the critical $2,000 support level.
Sellers intensified pressure, pushing ETH to break $1,820 before bulls emerged near $1,750. After hitting a low of $1,753, Ethereum started a recovery, reclaiming the $1,780 and $1,850 levels.
The price moved above the 23.6% Fibonacci retracement level of the decline from the $2,150 swing high to the $1,753 low. However, ETH remains below $1,950 and the 100-hour SMA.
On the upside, resistance stands at $1,890, aligned with a bearish trend line on the hourly ETH/USD chart. Beyond that, the next major resistance is at $1,920, with the first key hurdle at $1,950—the 50% Fibonacci retracement level of the recent downtrend.
A clear break above $1,950 could pave the way for Ethereum to retest $2,000. If bullish momentum continues, ETH might surge toward $2,120 or even $2,250 in the coming sessions.
### **More Downside for Ethereum?** If Ethereum fails to break the $1,890 resistance, another drop could be imminent. Initial support lies near $1,845, followed by a stronger support zone around $1,800.
A decisive move below $1,800 could send ETH toward $1,750. Continued selling pressure might drive the price lower, testing $1,720 or even $1,650.
### **Shiba Inu Price Outlook: How Will It Change?**
Shiba Inu's recent price decline is largely attributed to massive whale sell-offs, as indicated by on-chain data. Over the past week, SHIB's market value has dropped alongside the broader crypto market, erasing gains and testing key support levels.
According to **IntoTheBlock**, large holders have been offloading SHIB at an alarming rate. The **Large Holder Netflow**, which tracks whale activity, has plummeted **-736.46% in the past seven days** and **-125.06% over the last 30 days**. The chart below highlights a sharp decline in netflow during early March, signaling that major investors aggressively sold off their SHIB holdings, driving prices lower.
In just **24 hours**, wallets holding between **$1 million and $10 million in SHIB** saw their balances shrink by **31.31%**, while those holding over **$10 million** reduced their holdings by **27.99%**. This triggered a rapid market reaction, with sentiment shifting towards fear. The **Shiba Inu Fear & Greed Index** dropped to around **33/100**, indicating growing investor uncertainty.
History suggests that large whale sell-offs have significantly impacted SHIB's price. In early February, SHIB plunged to **$0.00001286** after netflows from major holders flipped from **3.5 trillion to -792.8 billion SHIB in a single day**. Now, SHIB is trading at **$0.0000125**, down **11% from last week’s mid-$0.000014 levels**.
If whale selling persists, SHIB could face further declines, potentially reaching its lowest price in over a year. Technical indicators also point to weakening momentum. The **Relative Strength Index (RSI)** for SHIB is in the mid-30s, suggesting that bears remain in control as the memecoin nears **oversold territory**.
Tron ($TRX ) is facing heavy selling pressure, dropping **3.42%** on the day to **$0.2228**. The price has broken key support, accelerating the decline as bearish momentum builds.
With weak recovery attempts and consistent lower highs, the bearish trend remains intact. A break below **$0.2220** could push TRX toward even lower levels.
⚠️ **Are you shorting or waiting for a bounce?** Share your thoughts below!
$BNB ### Binance Coin (BNB) Price Prediction for 2025
Analysts provide varying forecasts for BNB's price in 2025. Estimates suggest BNB could trade between **$589.88 and $1,023.81**, indicating potential gains of up to **75.29%**.
- **Changelly**: Predicts BNB's price to range from **$491.66 to $583.99**, with an average trading price of approximately **$676**.
### Current Market Overview BNB is currently trading around **$546.97**, reflecting a **0.99% decline** from the previous close. In the past 24 hours, its price fluctuated between a **high of $565.01** and a **low of $511.53**.
### Technical Analysis
- **Short-Term (4H Chart)**: BNB is in a **bearish** phase, as the **50-day moving average** is sloping downward and positioned above the current price, potentially acting as resistance. - **Long-Term (Weekly Chart)**: BNB appears **bullish**, with both the **50-day and 200-day moving averages** trending upward and positioned below the current price, suggesting strong support.
This mixed outlook indicates short-term volatility but a potentially positive long-term trajectory.
### Dogecoin, Ether Drop 9% as Bitcoin Slump Triggers $700M in Liquidations
$BTC $ETH Dogecoin (DOGE) and Ether (ETH) plunged $DOGE 9% over the past 24 hours, following Bitcoin’s (BTC) 4.5% decline below $80,000. The sharp downturn triggered a wave of liquidations totaling $700 million in long positions.
Traders betting on a crypto rally faced heavy losses, with BTC longs accounting for $420 million in liquidations, ETH longs for $150 million, and DOGE longs for $30 million. Solana (SOL) fell 8%, while XRP slipped 7%, dragging the broader CoinDesk 20 (CD20) index down more than 6.5%.
Open interest in BTC futures dropped 7% to $45 billion, signaling widespread forced liquidations as traders faced margin calls.
### Risk-Off Sentiment and Macroeconomic Pressure
Nick Ruck, director at LVRG Research, attributed the sell-off to a shift in investor sentiment. “The likelihood of a Federal Reserve rate cut has weakened following a stable jobs report, and traders are bracing for February’s CPI report to mirror January’s inflation figures,” Ruck told CoinDesk.
“With economic uncertainty, traders may move to the sidelines, waiting for clearer signals on monetary policy, which may not come until later this year,” he added.
Broader market jitters further weighed on crypto, with the S&P 500 down 2% and the Nasdaq losing 3%—marking the largest single-day drop in U.S. equities since September 2022. Concerns over upcoming U.S. trade tariffs and recession fears, fueled by a recent Donald Trump interview, added to the bearish outlook. The ‘Magnificent 7’ tech stocks alone saw $830 billion in market capitalization wiped out.
### Strengthening Dollar and Treasury Yields Add Pressure
Hawkish signals from the Federal Reserve in late February—suggesting fewer rate cuts in 2025—combined with a stronger U.S. dollar and capital flight into safe-haven assets like gold and the Japanese yen have further dampened hopes of a near-term recovery.
Despite the sell-off, some contrarian indicators suggest a potential short-term rebound. The Crypto Fear & Greed Index sits at 15, deep in “extreme fear” territory, a level historically associated with market capitulation and eventual relief rallies.
Singapore-based QCP Capital noted that watching Treasury yields and the dollar could offer insights into the market’s next move. “Despite current turmoil, not all signals are bearish,” QCP said in a Tuesday market update.
“A risk-off environment has driven 10-year Treasury yields down by around 60 basis points and weakened the U.S. dollar—historically positive signals for USD-denominated risk assets like equities and crypto,” the firm explained.
QCP added that lower yields could also ease U.S. borrowing costs, a key factor as Trump’s policy roadmap—potential tax cuts and a more expansionary fiscal approach—takes shape.
**Elon Musk’s $22.2 Billion Wealth Drop: A Temporary Setback or a Sign of Bigger Troubles?**
In a stunning financial shift, Elon Musk—CEO of Tesla, SpaceX, and other groundbreaking ventures—has seen his net worth plummet by an eye-watering **$22.2 billion in just 24 hours**. This sharp decline brings his fortune down to **$364.3 billion**, a notable drop from previous record highs.
### **What’s Behind the Massive Loss?** The primary culprit? **Tesla’s struggles in Europe.** In January 2025, the electric vehicle giant faced a **dramatic 50% decline in European sales**, shaking investor confidence. This slump triggered an **8.4% drop in Tesla’s stock price**, sending ripples across the market.
Adding to the woes, **Tesla’s market value has now dipped below $1 trillion**—a threshold it hadn’t crossed since November 2024. This milestone signals growing uncertainty around the company’s future and its ability to maintain dominance in the EV industry.
### **What’s Next for Musk?** With such a steep financial hit, the big question remains: **Is this a short-term stumble, or does it point to deeper issues?**
- Could this be a mere market correction before Tesla rebounds stronger than ever? - Or does it hint at long-term challenges for Musk’s empire, including Tesla, SpaceX, and his other ambitious ventures?
As the tech and finance worlds watch closely, Musk’s next steps will be crucial. **Will he push for rapid innovation, shift focus to new markets, or face even bigger obstacles ahead?**
One thing is certain: **Elon Musk’s journey is far from over, and the pressure has never been greater.**