{
}
Solana (SOL) is facing bearish momentum, struggling to maintain support at $180 after a six-week retracement following rejection above $260. Despite strong social volume, decreasing active addresses and a recent $21 million deposit on Kraken raise concerns about potential sell pressure. The market's overall slump, particularly with Bitcoin's drop, has further impacted SOL, which must surpass the $218.2 resistance to shift its daily structure bullishly.
A recent survey by CryptoQuant reveals that the majority of crypto users are young, predominantly male, and well-educated, with 60% aged 25-44 and 62% having over three years of experience in the space. Binance is the leading exchange globally, while Bitcoin and Ether are the most favored cryptocurrencies. Users primarily engage in spot trading, with only 19% trading derivatives, and they rely on independent research and social media for investment decisions.
Ethereum price is attempting a recovery after dropping to $2,920, but faces resistance near $3,200 and $3,240. A failure to break these levels could lead to further declines, with major support at $3,120 and $3,050. A clear move above $3,240 may open the path toward $3,350 and beyond.
Bitcoin is showing signs of recovery, rising from the $89,200 zone and trading above $94,000, with immediate resistance at $95,200 and key resistance at $95,800. If it surpasses this level, further gains could push the price towards $97,400 and potentially $99,500. However, failure to break above $95,800 may lead to a decline, with major support levels at $94,000 and $93,200.
On January 13, a crypto whale sold 122,620 SOL tokens worth $21.75 million, causing Solana (SOL) to dip below its crucial support level of $175 before rebounding. Currently trading at $183.3, SOL's RSI indicates potential recovery, with a bullish outlook if it maintains above $175, potentially reaching $220.
Data reveals that 99.6% of Pump.fun traders have not surpassed $10,000 in realized profits, with only 55,296 wallets achieving this milestone among over 13.55 million. Profits exceeding $100,000 are even rarer, with just 0.048% of wallets reaching that level. Despite the challenges, Pump.fun has generated nearly $400 million in revenue by facilitating liquidity for memecoins, although discrepancies in profit calculations may suggest more traders are successful than reported.
FTX is set to distribute over $1.2 billion to users, with approximately 98% expected to receive 119% of their claims, based on crypto prices at the time of the exchange's bankruptcy in November 2022. Repayments will begin after January 20, 2025, coinciding with significant political events that may influence market dynamics. The process will involve major exchanges like BitGo and Kraken, and if all claims are filed, total payouts could reach $16 billion, marking a pivotal moment for the crypto industry.
FTX is set to begin distributing over $1.2 billion to creditors, starting with users owed up to $50,000, after a deadline on January 20, coinciding with Donald Trump's inauguration. This repayment plan, approved in October 2024, aims to reimburse 98% of users at 119% of their declared funds, despite concerns over fluctuating cryptocurrency prices since the exchange's collapse. The repayments could influence market volatility, with mixed reactions expected from investors based on their risk appetites.
Solana (SOL) has struggled to maintain momentum, failing to break the $205 resistance and now trading below $192, indicating bearish trends. The price dipped to a low of $182.20 and faces resistance at $190 and $192, with major support levels at $182 and $180. A failure to rise above $192 could lead to further declines, potentially reaching $175 or lower.
Solana (SOL) has struggled to maintain momentum, failing to break the $205 resistance and now trading below $192, indicating bearish trends. The price has dipped to a low of $182.20, with key support levels at $182 and $180, while resistance is noted at $190 and $192. A failure to rise above $192 could lead to further declines, potentially reaching $175 or lower.
Kraken Energy Corp.
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
solana struggles to maintain support as bearish momentum persists
18:00 14.01.2025
key trends in crypto user demographics and exchange preferences for 2024
17:10 14.01.2025
ethereum price struggles to break resistance after recent decline
04:28 14.01.2025
bitcoin price shows signs of recovery as resistance levels approach
03:53 14.01.2025
solana price outlook after significant whale sell-off and market recovery
01:02 14.01.2025
majority of pump fun traders fail to exceed ten thousand dollars in profits
21:05 13.01.2025
ftx plans to distribute 1.2 billion to creditors amid market recovery
17:49 13.01.2025
FTX to distribute 1.2 billion dollars to creditors after Trump inauguration
10:37 13.01.2025
solana struggles below key resistance as bearish trend intensifies
05:48 13.01.2025
solana struggles below key resistance as bearish trend intensifies
05:48 13.01.2025
Trending
Subcategory
Stock Market Updates
Industry Trends
Corporate News
Retail and Consumer Goods
Global Financial Events
Finance Mergers & Acquisitions
Startups & Entrepreneurship
AI Innovations
Central Bank Actions
Government Policies
Funding Rounds & Investments
Market Analysis and Predictions
Industry Mergers & Acquisitions
Banking Regulations
Supply Chain Management
Domestic Politics
AI & Automation Regulations
Government Economic Policies
Global Trade Developments
Emerging Startups
Countries:
Companies:
NVIDIA Corporation
Apple Inc.
Huawei Technologies CO. Ltd.
Tesla, Inc.
The Goldman Sachs Group, Inc.
Citigroup Inc.
Barclays PLC
Wells Fargo & Company
American Express Co
Bank of America Corporation
Tiktok USD
HSBC Holdings plc
Berkshire Hathaway Inc.
International Monetary Fund FUND
HDFC Bank Ltd
Coca-Cola FEMSA, S.A.B. de C.V.
Nintendo Co., Ltd.
Raiffeisen Bank International AG
Pfizer Inc.
VP Bank AG
Currencies:
United States Dollar
Euro
Japanese Yen
Indian Rupee
United Arab Emirates Dirham
Chinese Yuan
Swiss Franc
British Pound Sterling
Offshore Chinese Yuan
Saudi Riyal
Australian Dollar
Brazilian Real
South Korean Won
Hong Kong Dollar
Norwegian Krone
People: