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Solana (SOL) has seen a significant surge over the last 24 hours, surging 6% to reach $135, according to data from CoinMarketCap. This price rally comes as optimism builds around the upcoming launch of a Solana futures ETF by Volatility Shares, which is set to debut on Thursday. As a result, investor interest has spiked, with daily trading volumes soaring by 74.71% to over $3.63 billion. Crypto analyst Ali Martinez pointed out on X that Solana’s futures Open Interest has climbed to $2.7 billion, levels not witnessed since October 2024. This resurgence in the derivatives market highlights increasing participation from both traders and investors. Related: Solana at 5: Impressive Growth, But Future Hinges on Firedancer Insights from Glassnode reveal crucial price levels where Solana’s supply is concentrated. A significant support zone lies at $112.10, where a substantial 9.7 million SOL (1.67% of the total supply) is held. Notably, this level already contained 4 million SOL back on January 19th, indicating that long-term investors have been accumulating more at this price point. Below this, the $94, $97, and $100 levels collectively hold nearly 21 million SOL (3.5% of supply), making them critical for preventing further downside. However, Glassnode cautions that if these levels were to break, the downside risk could increase sharply, as there’s relatively little trading volume in the range between $94 and $56. On the upside, recent price action has led to notable accumulation at $123 (16.2 million SOL, 2.7%) and $126 (19 million SOL, 3.2%). This demand could act as a cushion against further declines. Related: BNB Chain Now Tops Solana in DEX Trading, Price Jumps However, Glassnode highlights significant resistance at the current $135 level, where a considerable 26.6 million SOL is concentrated, and further up at $144, which holds an even larger 27 million SOL—nearly 5% of the total supply. Interestingly, the $144 level already held 20.6 million SOL on January 19th. Analyzing the technical indicators, the Relative Strength Index (RSI) is currently at 45, placing SOL in the neutral to bullish territory, which suggests a potential for a price rebound. The Bollinger Bands (BB) indicate that price volatility is narrowing, often a precursor to an impending breakout. Additionally, the 20-day Exponential Moving Average (EMA) is currently at $137.37. For Solana to gain further upward momentum, it will need to reclaim this level. Until then, the 20-day EMA presents a significant resistance point for the SOL token. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Crypto analyst Mags recently pointed out that the Fear and Greed Index has once again dipped into “Extreme Fear” territory. Historically, this has often been a reliable buy signal for Bitcoin (BTC), with each previous drop into this zone preceding a significant price recovery. The last time this occurred was in September 2024, when Bitcoin was trading around $54,000. Following that extreme fear signal, BTC experienced an impressive surge of 102%. Now that the index is back in Extreme Fear, traders are watching closely for a similar bounce. However, this potential trajectory could be influenced by external macroeconomic factors, particularly the upcoming Federal Reserve meeting. The Federal Open Market Committee (FOMC) meeting concludes today, March 19, 2025, and Fed Chair Jerome Powell’s subsequent speech will be closely scrutinized. This meeting is especially critical given the current economic uncertainty stemming from President Donald Trump’s recently imposed tariffs on Mexico and Canada . These economic shifts have already caused the crypto market to shed nearly a trillion dollars in valuation, making the FOMC’s interest rate decision even more impactful. Currently, analysts expect the Fed to maintain rates between 4.25% and 4.50%, unchanged since December 2024. Market expectations for rate cuts in 2025 have shifted from anticipating two quarter-point reductions to a more cautious outlook. Bitcoin is currently trading around $83,306, struggling to break through existing resistance levels. The Relative Strength Index (RSI) is at 43.73, indicating a neutral to slightly bearish momentum. Bollinger Bands suggest that BTC is trading closer to the lower band, which typically signifies high volatility and the possibility of a significant price move. However, the direction of this move will likely depend on overall market sentiment and the broader macroeconomic environment. Related: Metaplanet’s Bitcoin Bet: Tokyo Firm Adds Millions More in BTC to Treasury Analyst Ali Martinez has highlighted the importance of Bitcoin’s moving averages . BTC is currently facing rejection at the 200-day Simple Moving Average (SMA), while the 50-day SMA is providing an additional layer of resistance around $91,000. Bullish momentum for Bitcoin may remain uncertain until these key levels are decisively cleared. If Fed Chair Powell’s commentary hints at potential future rate cuts or if market sentiment improves following the FOMC meeting, Bitcoin could indeed bounce back from this Extreme Fear territory. A successful break above the $91,000 resistance could then trigger a rally towards $100,000 and potentially beyond, mirroring the historical pattern observed in September 2024. Related: Bitcoin’s Getting New Big Players: Fresh Whales Amassing Millions However, if the Federal Reserve maintains a hawkish stance and economic conditions continue to deteriorate, BTC could revisit support levels around $77,000 or even lower. In this scenario, the Fear and Greed Index might remain in Extreme Fear for an extended period, delaying any potential recovery. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Cryptocurrency analyst Ali Martinez has observed a potential “sense of denial” among holders of TON, the native cryptocurrency of the TON blockchain, following recent news surrounding Telegram’s founder, Pavel Durov. In his latest analysis, Martinez highlighted the cryptocurrency’s price action, noting its struggle around a historically significant level. Using the TON/USD daily chart, the analyst pointed out that TON’s price has shown some hesitation while attempting to break through resistance around the $3.5 mark. The cryptocurrency had previously experienced a notable surge from a local low of $2.35 after a significant decline, rallying with considerable momentum before encountering resistance at its current price point. In the meantime, Martinez reviewed TON’s price for the past year and highlighted the $3.5 region as an optimistic level during last year’s bull run. The price served as a momentum boost for TON holders in the bullish market and triggered a substantial rally that pushed the cryptocurrency’s price to higher levels. Although most technical analysts could consider historical behavior and expect a repeat of last year’s price surge, Martinez thinks Durov’s ongoing legal issue with the French government might be negatively impacting TON’s prospects. The legal situation appears to have caused an abrupt halt to the recent rally that followed the cryptocurrency’s attempted recovery. Related: Crypto Market Jitters as Pavel Durov’s Release Odds Dwindle In the meantime, the French government recently allowed Durov to return to his home in Dubai after holding him in custody for several months. French authorities had arrested the Telegram founder last August, accusing him of failing to adequately moderate his platform and curb criminal activity. However, Durov denied the allegations, noting that he has cooperated with law enforcement over drug trafficking, child sexual abuse content, and fraud. Typically, crypto community members would expect Durov’s return to his home in Dubai to trigger positive sentiments for TON. That could still happen, depending on the altcoin’s next move from the current level. Related: Toncoin Market Performance Slips with Open Interest Falling to $141M Nevertheless, Martinez characterized the current situation as a “sense of denial,” as previously mentioned, suggesting that TON holders might be overlooking the potential impact of Durov’s legal challenges. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

XRP finds itself in a crucial price band as it hovers around the $2.28 mark (currently trading slightly higher at $2.30). After touching a low of $2.23 in the past 24 hours, XRP is now facing a significant hurdle: the 20-day Exponential Moving Average (EMA) at $2.33, according to data from CoinMarketCap. Crypto analyst Ali Martinez has warned that a price drop below $2 could trigger a significant decline, stating , “Below $2, a gap with no significant support could pull it to $1.60.” A look at a chart from Glassnode reveals a concerning “air gap” in the UTXO Realized Price Distribution (URPD) between $2 and $1.60. This “air gap” essentially means there hasn’t been much significant buying activity in this price range. Consequently, if XRP loses its footing at $2, there isn’t much in the way of support to stop a rapid fall to the next major demand zone around $1.60. Historically, when an asset dips into an area with very little trading volume, it tends to move quickly towards the next level where there’s strong buying or selling interest. The fact that a significant number of realized prices are clustered near $1.60 reinforces Martinez’s view that this level could act as the next critical support if sellers continue to dominate. Related: XRP Price Alert: Support Test, Bearish Signals, Bullish Hopes It’s impossible to discuss XRP without mentioning the ongoing SEC lawsuit. Back in January, speculation that the SEC might withdraw its appeal in the Ripple case sparked a rally that saw XRP’s price soar to nearly $3.40. However, the lingering uncertainty surrounding this legal battle remains a significant factor contributing to XRP’s price swings. Pro-crypto lawyer Bill Morgan has voiced concerns that the SEC’s prolonged silence on the matter could put increasing downward pressure on XRP’s price. Additionally, broader economic factors, including President Trump’s tariff policies and developments in Crypto Strategic Reserve Assets, have also played a role in shaping XRP’s trajectory, adding another layer of uncertainty to the market. As per the XRP daily chart below, the Relative Strength Index (RSI) is currently around 46.24, indicating neutral momentum. However, the direction of the RSI line suggests a downward trend, with bullish strength appearing to weaken. If the RSI continues its decline, XRP could indeed slip further. Related: XRP Price Check for March 19: Analyzing Key Support and Resistance Levels Additionally, the upper Bollinger Band is currently sitting at $2.71, while XRP’s price continues to trade below the midline (the 20-day Simple Moving Average) at $2.33. Notably, there’s significant support at the lower Bollinger Band, down at $1.95. XRP could very well retest the lower band, potentially losing the crucial $2 price level in the process. A clear break below $2 could, however, confirm Martinez’s bearish prediction of a slide to $1.60. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Dogecoin (DOGE), a leader in the memecoin space, is gaining wide attention amid booming network activity. Driven by strong investor sentiment, Dogecoin address activity has seen a massive spike, raising discussions about DOGE hitting $6. In an X post , onchain analyst Ali Martinez pointed out that Dogecoin active addresses surged 400%, reaching nearly 395,000. This surge demonstrates the usefulness and engagement within the Dogecoin ecosystem despite wider market volatility. Additionally, Martinez highlighted the Stochastic Relative Strength Index (RSI) crossover for the Dogecoin price. This technical indicator provides a more sensitive reading of market momentum and potential trend reversal. Based on historical trends, a bullish crossover in the Stochastic RSI on Dogecoin’s weekly chart could signal a potential sharp rally. In previous instances, this crossover has led to outstanding price surges, with gains of 88%, 187%, and 444%. In the current market cycle, some traders and analysts aim for gains between 200% and 300%. Crypto analyst Marzell has highlighted a critical DOGE support level at $0.14750. The analyst claims this level is crucial for a bullish breakout scenario. Marzell noted that DOGE exhibits positive signals of breaking out of its falling wedge formation. Just like other known DOGE proponents, the analyst predicts a strong rally, potentially pushing DOGE prices between $0.46 and $0.65 if the support holds firm. A rise in user engagement could provide DOGE with the essential push needed to break through resistance levels and launch a bullish trend. Meanwhile, rising expectations for a Dogecoin ETF are probably the main cause of the increasing number of Dogecoin addresses. As we disclosed earlier, NYSE Arca has submitted a 19b-4 filing to the U.S. Securities and Exchange Commission (SEC). The stock exchange seeks approval to list and trade the Bitwise Dogecoin Exchange-Traded Fund (ETF). According to the SEC filing, the Bitwise Dogecoin ETF is designed to track the price of DOGE. The fund would allow investors to gain exposure without directly holding or managing the asset. The market has seen DOGE price trade at $0.1773, up 3.8% from the previous day. Following a recent price correction, DOGE has recovered from its weekly resistance of around $0.175. As the bulls take charge, crypto analysts anticipate a Dogecoin price rally to $6. In his chart, Martinez displays Dogecoin’s price movement weekly from 2015 through early 2025. The technical analysis reveals DOGE trading within a long-term logarithmic upward channel defined by parallel trend lines. The chart demonstrates that DOGE could hit the $6 level and beyond if it holds above the crucial supports. In our last update, we examined how Martinez predicted a moderate price of $3 for DOGE.