🚨🔥 The PUMP currency is back on the scene with a bang! 🔥🚨
The currency $PUMP is not just a name 😏 📈 Its project is built on the idea of incentivizing collective buying and pumping Which means Pump it till the top! 🚀
✅ Active community ✅ High trading volume ✅ Quick speculation opportunities ✅ Listed on centralized and decentralized platforms
But be careful! 💡 Currencies of this type carry high risk = you need to be quick and enter and exit at the right time! ⛔ Not suitable for long-term investment
If you want to follow the currency's movements and analyze them moment by moment: 📊 Open Binance or CoinMarketCap and type: PUMP #BNB走势 $BNB
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📍Have you ever tried trading pump currencies before? Write your opinion or share your experience 💬👇
Strong 'Cup and Handle' pattern: This structure appeared bullish on the chart and previous resistance levels at ~108,300 dollars have now become strong support. This pattern has been supported by technical analyst Katie Stockton, who suggests the bullish trend may continue towards around 134,500 dollars in the coming weeks.
Here is an updated analysis of Solana (SOL) as of July 12, 2025:
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📈 Current Price and Recent Performance
SOL is currently trading around $163.07, fluctuating between $160–168 during the session.
In the past 24 hours, it has increased by ~+6%, supported by rising trading volume and news of institutional allocation such as DeFi Dev and other associations as part of their financial reserves.
Now we evaluate the situation of Solana (SOL) comprehensively:
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🔍 Current Situation
The price is around 140.9 USD, with a slight drop of about 1.4% during the day.
Daily trading volume is high (~3.6–4 billion USD), reflecting significant market momentum activity.
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📈 Recent Driving Factors
1. Optimism Regarding ETF
Updates have been submitted by several companies to the SEC for filing ETF applications for Solana, although there is no rush from regulators for quick approval.
On Friday, May 9, 2025, the price of Bitcoin (BTC) is witnessing a significant increase, surpassing the $100,000 mark for the first time since last February, and is currently trading near $102,700.
Current Technical Analysis
Potential Resistances: Analyses indicate strong resistance at levels of $106,500 and $107,000. If these levels are surpassed, the price may target $120,000.
Key Support: The $100,000 level is considered an important psychological and technical support. In the case of a correction, the price may retreat to the range of $92,000–$95,000.
Relative Strength Index (RSI): The indicator shows readings above 70, indicating a state of overbought that may lead to a short-term correction.
Factors Influencing the Market
Institutional Investments: Digital asset investment funds have seen inflows of $5.5 billion over the past three weeks, including $1.8 billion in Bitcoin products.
Political and Economic Developments: The announcement of a preliminary trade agreement between the United States and the United Kingdom has boosted investor confidence, contributing to the rise of Bitcoin.
Local Legislation: States like Arizona and New Hampshire have passed laws allowing the holding of reserves of digital currencies, reflecting increasing support for cryptocurrencies at the local level.
On Friday, May 9, 2025, the price of Bitcoin (BTC) is witnessing a significant rise, surpassing the $100,000 mark for the first time since February, currently trading near $102,700.
Current Technical Analysis
Potential Resistances: Analyses indicate strong resistance at levels of $106,500 and $107,000. If these levels are surpassed, the price may target $120,000.
Major Support: The $100,000 level is considered significant psychological and technical support. In the event of a correction, the price may retreat to the range of $92,000–$95,000.
Relative Strength Index (RSI): The indicator shows readings above 70, indicating an overbought condition that may lead to a short-term correction.
Market Influencing Factors
Institutional Investments: Digital asset investment funds have seen inflows totaling $5.5 billion over the past three weeks, including $1.8 billion in Bitcoin products.
Political and Economic Developments: The announcement of a preliminary trade agreement between the United States and the United Kingdom has boosted investor confidence, contributing to the rise of Bitcoin.
Local Legislation: States such as Arizona and New Hampshire have enacted laws allowing the holding of reserves in digital currencies, reflecting increasing local support for cryptocurrencies.
Network Activity: The increase in trading volume and heightened interest in projects based on the Solana network, such as meme cryptocurrencies, indicates growing activity that may support the price.
Conclusion
Solana shows positive technical signals with strong upward momentum. However, investors are advised to monitor key support and resistance levels, as a breakout or breakdown of these levels may determine the future price trend. Additionally, attention should be paid to external factors that could impact the market, such as changes in economic policies or geopolitical events.