Trading the Solana (SOL) currency involves buying and selling the digital currency with the aim of making a profit from price fluctuations. You can trade short-term (day trading) or long-term (holding the currency). To get started, you need to open an account on a cryptocurrency trading platform that supports Solana and fund your account. After that, you can analyze charts and technical indicators to determine appropriate entry and exit points. Remember that trading cryptocurrencies carries high risks, so it's important to manage risk carefully and not invest more than you can afford to lose. Start with small amounts and gradually learn.$SOL
#Increasing bearish pressure on Sol – beware of a sudden collapse 🚨
#Increasing bearish pressure on Sol – beware of a sudden collapse 🚨 $SOL has just dropped from a high of $243.50 to $240.30 as rejection begins at today's resistance. Momentum is slowing, and selling dominance is increasing (51.10% vs 48.90%). This indicates that a deeper pullback may be imminent. Trade Setup – Bearish Bias: Entry Zone: $240.50 – $239.70 TP1: $236.00 TP2: $232.50 Stop Loss: above $245.00 (24-hour high) If it breaks below $239.00 with strong volume, the bearish outlook is reinforced. Stay alert – things can change quickly! Just dropped from a high of $243.50 to $240.30 as rejection begins at today's resistance. Momentum is slowing, and selling dominance is increasing (51.10% vs 48.90%). This indicates that a deeper pullback may be imminent. Trade Setup – Bearish Bias: Entry Zone: $240.50 – $239.70 TP1: $236.00 TP2: $232.50 Stop Loss: above $245.00 (24-hour high) If $SOL breaks below $239.00 with strong volume, the bearish outlook is reinforced. Stay alert – things can change quickly!
An important step in regulating stablecoins, the Financial Services Committee of the U.S. House of Representatives has clearly approved bill **STABLE Act** #USStablecoinBill , paving the way for discussion in Congress. The law aims to ensure that stablecoin issuers comply with strict financial standards, such as the disclosure of financial reserves and guaranteeing users' redemption rights. It also seeks to enhance transparency and protect consumers from the risks associated with these digital currencies. This development comes at a time when concerns are growing about the potential use of stablecoins in money laundering operations, with particular interest in launching projects backed by prominent political figures. In addition to the **STABLE Act**, Congress is awaiting a vote on the **GENIUS Act**, which requires federal licensing for stablecoin issuers and ensures their full backing by U.S. dollars or Treasury bonds. These legislations could radically reshape the digital currency market in the United States.
Finally, the U.S. Congress has decided to enter the crypto world through the widest of doors! The stablecoin bill looks like a first draft of a science fiction movie… but with "flash memory"! The goal? To regulate digital currencies linked to the dollar and provide more security for users and investors. But between you and me… will they let the dollar become an NFT later? Stay tuned, it seems like the upcoming one has digital adventures or is it just a dream!$ETH $BTC $SOL
Historic decline in the Relative Strength Index (RSI) The monthly Relative Strength Index (RSI) for Ethereum has seen a historic decline, reaching its lowest levels since 2022. This drop raises concerns among investors about further potential declines in the price of Ethereum.
#币安LaunchpoolSXT Heavyweight | Binance Launchpool reignites the trend, Space and Time (SXT) makes a strong debut, could the data infrastructure sector welcome a new king?
The world's largest cryptocurrency exchange, Binance, has once again ignited attention. On May 6, 2025, at 08:00 (UTC+8), Space and Time (SXT) officially launches on Launchpool, supporting BNB, FDUSD, and USDC staking for mining, with the event lasting only 48 hours! On May 8 at 21:00, SXT will soon go live on the spot market, opening five trading pairs, and will be tagged as a seed, clearly indicating its early high potential positioning.
Who is SXT? Why can it appear on Launchpool?
Space and Time is the first decentralized Web3 data warehouse, supporting on-chain and off-chain data integration, featuring a crypto-verified SQL query (Proof of SQL) function, providing reliable processing capability for Web3 data. The project has been invested in by Microsoft, Polygon, Avalanche, and others, showcasing both strength and technology, and is seen as a potential Web3 version of Snowflake.
Launchpool details breakdown: Who profits the most from mining?
This round supports staking of BNB, FDUSD, and USDC, with FDUSD/USDC suitable for conservative investors, while the BNB pool often provides the highest returns. The popularity of BNB staking is often regarded as a barometer of project potential. Historical experience shows that the Launchpool phase is often a price low point, and subsequent listings can easily trigger short-term FOMO.
What is different about this Launchpool?
This is Binance's first Launchpool project this year supporting decentralized data infrastructure, releasing two major signals: 1. The data track may become the main narrative, with AI, ZK, DePIN, and other tracks increasingly dependent on reliable data; 2. Binance's strategic shift, focusing on supporting underlying facility projects, moving away from short-term DeFi hype.
Conclusion: SXT may be the next hot spot
SXT is not just a mining activity; it could also be the starting point of a revolution in Web3 data infrastructure. If you missed The Graph or Chainlink, this time it might be worth getting back on board.
#美国稳定币法案 A pretty good start, it seems that a change is really coming! Let's just say that by 2025 it will be fully legalized, and that will lead to global imitation! In the end, it might really get approved domestically, no longer restricted! The current issue is that even with restrictions, there are still so many people participating! I'm not saying you're breaking the law, but you're not protected by it! In fact, this is just an abstract acknowledgment; just saying, if you lose, don't look for Uncle Hat! The crypto industry, no matter when, always feels like a newborn baby! Full of countless challenges and opportunities.
Guys, I want advice on the new currencies that are coming to the market. I want to hold and wait for their prices to drop, and my capital is low. Which one is better for me?
Currency $BMT Do you expect the rise and advise to store this currency? There are several predictions, and I say that it will break the barrier of 0.2 and continue to rise. Share your opinion for benefit $BMT
Currency $SIGN This currency has risen significantly today, but there is a bigger rise coming due to the high demand for it. Do you expect it to break the barrier of 0.2✨✨