Solana (SOL) is showing strong bullish momentum, with analysts predicting a breakout towards $212 based on a bullish pennant formation. The cryptocurrency has gained over 23% in a week, supported by rising global liquidity and positive market sentiment. Key factors driving SOL’s surge include its integration with 1inch Network, which enhances liquidity and trading capabilities, as well as its strong technical setup. SOL’s price is currently testing the $175-$180 zone, with a successful breach potentially accelerating momentum toward $212. Institutional interest and ecosystem expansions further bolster Solana’s bullish case, making it a top contender in the current crypto market rally.
about Solana Eyes $212 Breakout Amid Liquidity SurgeMarty Party
0 posts last weekBinance Denies Allegations of Dumping Ethereum and Solana Holdings
Binance has denied allegations of dumping its Ethereum and Solana holdings, clarifying that it serves only as a marketplace for trades and does not control user decisions. The exchange addressed speculation following significant transactions that led to accusations of market manipulation and potential asset sales related to a settlement with the US Department of Justice. Binance urged users to avoid jumping to conclusions based on transaction screenshots and to understand the trading strategies of market participants.
about Binance Denies Allegations of Dumping Ethereum and Solana HoldingsBinance Accused of Market Manipulation Amid Altcoin Price Collapse
Binance faces allegations of market manipulation, particularly concerning its BNB and Solana (SOL) assets, with synchronized trading activity suggesting collusion with Wintermute to drive down prices. This has led to significant losses in the altcoin market, totaling over $110 billion. While BNB has shown resilience, trading volumes on PancakeSwap have surged, reflecting growing DeFi adoption on the BNB Chain, despite ongoing volatility risks.
about Binance Accused of Market Manipulation Amid Altcoin Price Collapse