By breaking through the crucial $0.24 resistance, Dogecoin has dealt a severe blow to bearish sentiment and rekindled bullish momentum. Since it is a significant threshold that many traders expected to mark the beginning of a more thorough price reversal, traders have been closely monitoring this breakout level. The move above $0.24 signifies a potential long-term retrace, rather than a psychological victory for bulls.

In previous weeks, this level had served as a rejection point, halting several attempts to rise. After clearing it, DOGE can now take on stronger resistances; the next significant target is in the $0.27-$0.28 range. The potential golden cross — in which the 50-day EMA is expected to cross above the 200-day EMA if upward momentum persists — is one of the most bullish technical developments that is imminent. 

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Such a crossover is typically associated with long-term rallies and is regarded as a bullish signal. This breakout has gained credibility due to the steady increase in volume. Strong market participation is confirmed by rising trading activity, which lowers the possibility of a false move. This volume increase indicates that real buying pressure, not speculative short-term speculation, is driving the rally. 

Technically speaking, DOGE is likewise comfortably above its three main moving averages, the 50-100 and 200-day EMAs, indicating widespread support for the current trend. If momentum continues, these levels ought to maintain the bullish structure by serving as a buffer against transient declines.

For the breakout to be confirmed in the near future, DOGE must keep its position above $0.24. The market could fully recover from its recent decline and possibly pave the way for a long-term bullish cycle if bulls are able to gather enough momentum to target $0.27 and higher.

Shiba Inu shows teeth

Following its breakout from a descending triangle formation, which marks the conclusion of a consolidation phase and the beginning of a new upward trend, Shiba Inu shows a strong position on the market. The breakout coincides with a recovery from an upward trendline that has served as steady support since the beginning of July. The 200-day EMA is one of the most important levels to watch right now. 

Historically, this long-term moving average has served as a deciding barrier for the direction of SHIB’s trend. The likelihood of a more substantial price recovery rises sharply if bulls can push the price above this level with consistent volume. The path toward $0.000015 and possibly the $0.00002 region could be opened by a successful break. 

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The bullish case is supported by recent on-chain data. Within a few days, the daily unique wallet activity on SHIB increased from roughly 3,000 to nearly 4,000, a roughly 30% increase earlier this month. Even though activity has since returned to normal below 3,000, this brief spike suggests that the market is once again interested and that new liquidity may be entering the system.

Such wallet growth periods have typically coincided with significant price increases. Further supporting the optimistic outlook is the approaching bullish cross of the 50-day EMA above the 100-day EMA. This crossover could draw more technical traders buying interest and would validate improving medium-term momentum. Only a 10% increase in price based on current activity would set off this signal, which could support a current rally. 

Solana’s unexpected rise

Solana, one of the market’s most resilient altcoins, has regained its prominence after soaring to the $200 mark, maintaining its recent bullish momentum. Fitting into a recurrent market pattern seen since 2021, the move occurs as the larger cryptocurrency market cools off after Ethereum’s powerful rally. Ethereum typically leads with a price spike, enters a correction phase and Solana then catches up with its own rally.

At $205, SOL is currently trading just below its next significant resistance level. The market may retest higher ranges earlier in the year if there is a strong breakout above this level, which has historical significance as a rejection point. In contrast to thin-market spikes, the recent surge is supported by strong volume, indicating real buying pressure. Since taking it back in late July, Solana has remained technically strong above its 200-day EMA. 

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After the 50-day EMA successfully retested, buyers intervened to protect important support levels, sparking recent upward movement. The market’s propensity to shift capital from Ethereum to other high-performance layer-1 blockchains with Solana frequently reaping the main benefits is consistent with this bullish price action. Despite the fact that momentum indicators are getting close to overbought territory, the absence of sudden selling pressure indicates that bulls are still in charge. 

The battleground will be at $205, which, if broken with significant volume, could result in quick upward extensions, possibly reaching $220 and higher. Short-term consolidation, however, might be triggered if Ethereum fails to break above $205, particularly if it starts another upward leg and draws the markets attention back to itself.

Solana’s price action is currently in line with its historical market rhythm, and traders are keeping a close eye on whether this rally will continue to resemble the cyclical patterns of 2021-2022.

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Earlier this week, Ethereum experienced a notable uptick after a period of bearish pressure that halted previous upward attempts. However, this renewed bullish momentum appears to be losing steam as ETH’s price saw a pullback on Thursday. Despite this pullback, ETH’s derivatives market continued to show strong momentum.

A Dramatic Uptick In Ethereum Open Interest

As Thursday drew closer to a close, Ethereum took a hit and fell below the $2,700 price mark, flipping the level into a resistance once again. While the altcoin’s price declined to key support levels, Glassnode, a leading data analytics platform, reported a major advancement in ETH’s on-chain activity.

This advancement, outlined by Glassnode, is evidenced by a recent surge in Ethereum Cash-Margined Futures Open Interest. According to the on-chain platform, the cash-margined futures open interest has experienced a dramatic surge to a new all-time high.

Data from the platform shows that the key investor behavior metric has risen to a $20 billion milestone. It is worth noting that this sharp growth in the open interest comes after the metric previously dropped significantly to $8 billion in early Q2 of this year. 

Since the futures open interest’s notable rise to a new all-time high comes in light of a recent pullback, it implies that the derivatives landscape of the network is experiencing a resurgence of activity. Furthermore, it indicates that traders are becoming increasingly interested in ETH without relying on crypto-backed collateral, which is often a sign of more institutional involvement.

Glassnode highlighted that leverage keeps increasing as traders fill up with stablecoins, even though there has been a minor retreat from the $2,800 levels. Such a divergence might suggest that traders are still betting on the altcoin in anticipation of a major rally in the short term.

ETH’s Decline Brings Its Price Below Cost Basis Distribution

ETH’s recent pullback has raised concerns as its price drops below the Cost Basis Distribution at the $2,760 level, where 800,000 ETH were held, and the $2,700 and $2,740 price range, where approximately 1.3 million ETH were purchased. These levels, which previously served as strong support following the altcoin’s remarkable upward move, are now acting as robust resistance levels once more.

Related Reading: Ethereum Large Transactions Jump 100% In 24 Hours, Will ETH Whales Drive Altcoin Season?

Presently, the cost basis bands are more fairly distributed, with each $50 band holding 200,000–400,000 ETH and ranging from $2,760 to $3,420 above spot. However, Glassnode claims there is no dominant resistance until $3,417, where 607,950 ETH are held.

Should Ethereum’s price reclaim the $2,700 and $2,760 range, the altcoin’s path is once again open to the $3,420 point. Nonetheless, how soon ETH can rise to this critical resistance level will depend on the response from holders in the $2,800–$3,300 price zone.

Featured image from Getty Images, chart from Tradingview.com

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The world’s largest crypto exchange platform by volume is adding support for a new decentralized gaming altcoin, launching a price explosion.

In a new announcement, Binance says it’s adding support for Nexpace (NXPC), a recently launched blockchain-based gaming ecosystem associated with the popular South Korean MMORPG (massively multiplayer online role-playing game) MapleStory.

“Binance is excited to announce that Nexpace (NXPC) will be added to Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, and Binance Margin.”

According to its official whitepaper, NXPC is not only the token used for paying network fees over the blockchains, but it’s also designed to be interchangeable with non-fungible tokens (NFTs) in the MapleStory franchise, controlling their supply.

“NXPC is designed to be interchangeable with NFTs. Players can redeem NXPC for collections of NFTs or exchange these collections back into NXPC. Under this mechanism, the circulating supply of NFTs can be organically controlled…

NXPC is a native token used in MapleStory Universe Layer 1 network for paying gas fees (i.e. network fees).”

Earlier this week, Binance also announced that Nexpace would be added to Binance Alpha, Binance Futures, and Binance HODLer Airdrops, noting that Binance Alpha will be the first platform to feature NXPC.

News of the addition sent NXPC flying, as the altcoin went from a low of $2.01 on May 14th to a peak of $3.77 a day later. The digital asset has since retraced and is trading for $2.53 at time of writing, a 26% rise during the last 24 hours.

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According to Bloomberg Intelligence, the likelihood of US regulators approving a Solana ETF (exchange-traded fund) is now a whopping 90%.

This is particularly noteworthy because the company’s odds for a $SOL ETF were just 70% back in February, i.e., only a couple of months ago.

Combined with the CME listing Solana-based futures contracts in March, a $SOL ETF will likely rocket Solana to the moon.

Keep reading to find out all the reasons for being bullish on Solana right now. We’ll also point you towards the best altcoins you can buy today to make the most of $SOL’s bright future.

Solana Futures Open Interest Nears All-Time High

While six asset managers await the SEC’s permission to list $SOL ETFs, the crypto’s future open interest reached $5.75B (or $40.5M $SOL).

In addition to being a chunky 5% increase from March, this metric is now close to its all-time high. The demand for $SOL derivatives is also 50% higher than $XRP’s.

Moreover, this data is hot off the oven (recorded just a few days ago), so it’s dead accurate and proof of strong institutional interest in the blockchain.

One of the biggest reasons behind the growing adoption of $SOL derivatives is that the crypto held the crucial $140 support level.

With rising DEX volumes and a staggering $9.5B in total value locked (TVL), $SOL can easily surge past $200 well before a potential spot ETF approval on October 10.

What Does $SOL’s Chart Say?

Technical analysis on $SOL’s charts paints a pretty picture, too. The crypto has bounced perfectly from the 10, 20, and 50 EMAs simultaneously on the daily chart, which is a hugely positive signal.

The aforementioned bounce is also at a major support/resistance zone, further proving that the current bullish rally could hold itself nicely.

The only thing left to see is whether $SOL can break and hold itself above the 200 EMA. However, as per the 4-hour chart, it should easily be able to do that, seeing as it’s above all the major EMAs on that time frame.

All in all, Solana is doing really well and could pump soon. If you want to ride its growth, here are three Solana-based coins that could give you the best results in an already-pumping market.

Our top pick, Solaxy, shows the best potential. It’s still in presale, which has turned out to be a massive success thanks to over $30M in early investor funding.

1. Solaxy ($SOLX) – Best Altcoin on Solana, over $32M in Presale Funding

Unlike other coins on Solana, Solaxy ($SOLX) won’t just use the blockchain’s low-cost, high-speed architecture to further its interests. Its goal, in fact, is to improve Solana.

Solana has become too popular for its own good, ironically. A recent massive influx of new investors to the network has overloaded it. As a result, it has been struggling with congestion and scalability issues.

Solaxy will solve Solana’s aforementioned issues by building the first-ever Layer 2 scaling protocol on the network.

It will process some of Solana’s transactions on a sidechain, reducing the burden on its mainnet and increasing transaction speed while lowering traffic congestion. In one word, Solaxy will optimize Solana’s key areas.

The utility-based nature of $SOLX significantly contributes to its uniqueness and makes it one of the best cryptos to buy today.

What’s more, Solaxy will also jack up Solana’s affordability by processing multiple transactions simultaneously, i.e., in batches. This will reduce the per-transaction cost, making crypto more affordable to people like you and me.

As mentioned earlier, Solaxy is currently in presale, which is another reason why it’s such a lucrative opportunity. Remember, prices are at their lowest during the presale stage, offering insane risk-to-reward possibilities (like a 29x increase by the end of 2026).

With over $32.6M in presale funding so far, one $SOLX is currently available for just $0.00171. Here’s how to buy it.

2. ai16z ($AI16Z) – Venture Capital Firm Run by AI Agents

ai16z ($AI16Z) really stands out because it’s the first-ever venture capital firm run solely by AI agents. This crypto project is redefining the possibilities of artificial intelligence in the crypto investment space.

A decentralized trading fund, ai16z uses AI agents to collect and analyze investment-related data, including current community sentiment. This speeds up the entire process of deciding whether a certain company is worth investing in.

Aside from extra speed, AI will also reduce human error. What’s more, these AI agents are also equipped to execute transactions both on-chain and off-chain, further improving flexibility and transaction speed.

As a leader in the AI-powered decentralized trading segment, $AI16Z has unsurprisingly been one of the most successful cryptos of late. It reached a record market cap of around $2.6B in January 2025.

Over the last month or so, the token is up a staggering 60%. It’s also currently one of the top trending cryptos, having jumped 10% in just the last 24 hours. $AI16Z is currently trading at $0.3043.

3. Bonk ($BONK) – Biggest Dog Meme Coin on Solana

Often referred to as ‘the dog coin of the people,’ Bonk is the first and the largest dog-themed meme coin on the Solana blockchain.

It’s also the fifth-largest meme coin across the board, with a market capitalization of over $1.5B. Only $TRUMP, $PEPE, $SHIB, and $DOGE are above it.

Launched in December 2022, $BONK currently boasts over 17,000% in lifetime returns, which more than justifies its massive popularity among crypto degens.

After a nearly two-month-long steady decline, the token is climbing once again. It’s up over 36% in the last week and 67% in the last month.

With one of the lowest per-token prices (just $0.00001968 at the time of writing) in the entire meme coin industry, $BONK is certainly one of the best cheap cryptos to buy to benefit from a potential $SOL rally.

Best Altcoins on $SOL – A Golden Buying Opportunity

Just the increased likelihood of a $SOL ETF has put the best altcoins on Solana in green.

Its actual launch, therefore, could be a canon event that sets forth a new future for $SOL and Solana-based cryptos.

That being said, we urge our readers to kindly do their own research and back their intuition with facts. None of the above is financial advice, after all.

Over the week between April 21 and April 25, spot Bitcoin ETFs accumulated just over $3 billion in net inflows, a significant sum that dwarfed the trickle of investments the market saw in February and March.

As previously covered by CryptoSlate, each day of the week brought significant inflows, peaking on April 22 at $936.5 million. To put this in perspective, Glassnode data shows the April 22 inflow was over 500 times the average daily YTD flow. It marked the biggest one-day influx since at least November 2024, showing just how aggressive this late-April buying spree was in context.

The increase in inflows followed a sharp price rally, indicating a strong feedback loop between rising prices and demand from institutional investors. Bitcoin began the week near $87,500, already rebounding from its early-April lows, and by Friday, April 25, it approached $95,000, its highest level in about six weeks. The inflows and price gains reinforced each other: as BTC broke past key thresholds to new multi-week highs, more institutional buyers rushed in via ETFs, which in turn likely added further upward pressure on the spot market.

Importantly, the buying was broad-based, with BlackRock’s IBIT leading with huge creations, but almost all of the eleven US Bitcoin ETFs saw net inflows during that week. This was a notable shift from the typical pattern where a single dominant fund attracts most of the volume. Grayscale’s GBTC kept seeing investors pulling money out to rotate into the new ETFs, reflecting a clear preference for these lower-fee, direct BTC vehicles once sentiment turned bullish.

For the better part of the past three months, Bitcoin ETFs were bleeding assets: nearly every trading day saw net withdrawals. The beginning of April was no different. By mid-April, total outflows for the month reached around $812 million, with even major ETFs like IBIT seeing substantial redemptions. The worst point came on April 8, when over $326 million was yanked out in a single day. The record outflow was caused by a sudden escalation in the US-China trade dispute, with the White House stunning the markets by announcing new tariffs on Chinese imports, triggering risk-off shockwaves.

Bitcoin ETFs were not immune to the anxiety, as investors trimmed exposure amid fears of broader market turmoil. Indeed, through early April, any positive signs were fleeting: April 2 was the lone exception with a modest $218 million inflow, but even that came amidst geopolitical headlines (a tariff announcement that day paradoxically spurred some dip-buying). Overall sentiment remained shaky until mid-month.

Multiple catalysts aligned to spark a turnaround as April progressed. Around April 12, signals emerged that the macroeconomic and political outlook was stabilizing, alleviating some of the overhanging fears. US President Donald Trump publicly assured that he had no plans to replace Federal Reserve Chair Jerome Powell, easing concerns about potential upheaval at the central bank. At the same time, the administration hinted at dialing back the trade war, with top officials calling the punitive tariffs “unsustainable” and suggesting a possible truce with China.

This shift in rhetoric injected a dose of optimism into global markets. Geopolitical de-escalation and central bank stability meant investors suddenly felt more confident returning to risk assets. Bitcoin, which had shown resilience even as ETFs saw outflows, responded swiftly, its price increasing back towards the $85,000-$90,000 range by mid-April. Bitcoin was rallying even as US equities wobbled, indicating a decoupling.

On April 22, the same day Bitcoin jumped roughly 7%, gold prices hit a record high above $3,400/oz, a sign of lingering investor caution. However, Bitcoin rallied in tandem with gold, not stocks. This showed Bitcoin was beginning to behave as a safe-haven asset, more akin to digital gold than a tech stock.

In short, by late April, the climate had shifted to one where risk appetite for Bitcoin was back, buttressed by an appealing narrative: Bitcoin could rise on both improved economic optimism and as a hedge against any remaining macro fears. With this favorable backdrop, institutional investors who had sat on the sidelines (or even withdrawn funds) earlier were now rushing back in, with Bitcoin ETFs becoming their vehicle of choice.

Each day from April 21 onward, chunky inflows were registered, reversing the steady bleed from weeks prior. The spree began on April 21 with about $387 million net inflow, as markets reopened from the Easter holiday with Bitcoin breaking above $87,000.

The next day was the blockbuster, with roughly $936.5 million pouring in on April 22, more than the entire first half of April combined, which helped propel BTC past $93,000.  Remarkably, this one-day haul equated to about 11.5x the typical daily inflow since these ETFs launched in January 2024. It was truly an outlier event, described by Glassnode as a “significant deviation” signaling a resurgence in demand.

The momentum continued on April 23, adding another $917 million, as Bitcoin hovered just below $94,000. Even as the week went on and the initial frenzy cooled slightly, Thursday still notched roughly $442 million in inflows, and Friday, April 25, saw about $380 million more. By the end of the week, Bitcoin ETFs had collectively amassed over $3 billion.

The post Bitcoin ETF demand skyrockets on price breakout leading to largest flows in 2025 appeared first on CryptoSlate.

An altcoin associated with a decentralized physical infrastructure network (DePIN) project surged by nearly 44% on Friday after receiving a prominent exchange listing.

On Thursday, the South Korean crypto exchange giant Bithumb announced it was listing XYO, the native token of the XYO Network.

The XYO Network aims to process any type of decentralized data.

Explains the project’s website,

“Encompassing both a network and protocol, XYO can be used for aggregating, verifying, organizing, and utilizing decentralized data from any hardware node capable of running XYO-enabled software or firmware.

XYO’s defining premise is decentralized verification, allowing network devices to verify the data flowing into the network’s databases by acting as witnesses for one another, strengthening the veracity of data received. Simple, accessible organization then allows this data to be put to use quickly and efficiently.”

Earlier this month, the project announced it would be migrating its network to a new layer-1 chain focused on DePIN. To help facilitate that move, the XYO Network is also rolling out a new layer-1 native token, XL1, and will operate with a dual-token model going forward.

The original XYO token will stay on Ethereum (ETH) and act “as an anchor to regulate the flow of XL1 into its native blockchain,” according to the project.

XYO is trading at $0.0154 at time of writing. The 278th-ranked crypto asset by market cap is also up by more than 71% in the past week.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5^th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.

Catalysts Behind SOL’s Rally

Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.

The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.

Cited figures provided by DeFi aggregator DeFiLlama show that the Total Value Locked (TVL) on Solana applications grew significantly over the past week. The platform’s TVL rose to $1.3 billion worth of tokens, its highest level since July 2022 and up from the $400 million recorded in November.

These factors, coupled with the global crypto market sentiment, have boosted the Solana price, extending its year-to-date gains to more than 832%, with most growth recorded in the past two months alone.

Solana Price Outlook

The daily chart shows that the Solana price has been on a strong upward trajectory for the past few weeks, breaking above the bullish ascending channel shown in yellow. The altcoin hit an intraday high of $99.49 on Friday before retreating. Solana remains above the 50-day and 200-day exponential moving averages and the 100-day and 200-day simple moving averages. Its Relative Strength Index has moved higher to the overbought territory, highlighting an increase in buying pressure.

Solana price needs to break above the critical level of $100 for further future gains. A breach above this level might pave the way for a jump to the next resistance at $120. However, we cannot rule out a drop below the immediate support at $80.55, which will invalidate the bullish thesis.

SOL Price Chart