At the moment, Solana (SOL) is trying to stay above $150, while Furrever Token is making waves with the Innovative 10% Referral Program. However, recent market pressures have brought SOL close to the 100-day Exponential Moving Average (EMA). Historically, this level has been important for Solana’s price. It has often changed direction upwards at this point during downtrends.
Unfortunately, if Solana fails to hold this line, it may face a major decline towards the $130 price level. Here, the 200-day EMA provides additional support. Overall, Solana’s price action remains bullish. The asset has made higher lows for 275 days.
The formation of a symmetrical triangle shows a possible upward resolution. This could push SOL’s price to $285, an all-time high. Key resistance levels on this path include $196, $228, and $267. Support is expected around $132, $126, and $110.
Bitcoin’s (BTC) price has surged to $67,500 amid significant shifts in the cryptocurrency market. This is driven by increasing institutional interest and decreasing supply on centralized exchanges. Currently, BTC is trading at $67,379, showing a slight decrease of 0.38% from its 24-hour high.
Data from Santiment highlights a significant decrease in Bitcoin supply on centralized exchanges. It is now at a multi-year low of around 942,000 BTC. This trend suggests accumulation by long-term holders. This reduces the available supply in the market. It is generally considered a bullish signal. Investors holding onto their coins show a desire for future price increases.
Bitcoin’s trade saves have decreased. This is mainly due to Bitcoin’s recent splitting event. This event lowered the coin’s yearly inflation rate to below 2%. Bitcoin splitting happens every four years. It partly rewards for mining new coins. This slows down the creation of new coins. Usually, such supply-side shocks are linked to price rises. This is because of limited supply and ongoing or increasing demand.
The approval of some spot Bitcoin ETFs has greatly impacted Bitcoin’s market structure. These ETFs together hold close to 1 million BTC. This is almost 5% of the full Bitcoin supply. Fidelity’s FBTC is the best-performing U.S. spot Bitcoin ETF in terms of cash inflows.
This signals strong regulatory demand. For example, FBTC saw an inflow of $50.6 million in a single day. This contributed to a net inflow of roughly $100.8 million for U.S. spot Bitcoin ETFs.
Furrever Token’s Innovative 10% Referral Program
Furrever Token Stands Out with Innovative 10% Referral Program Amid Shiba Inu and Dogecoin ETF Speculations
Furrever Token offers a nice user experience centered around cat-themed imagery and community-driven engagement. The new referral system allows users to earn 10% in Furrever Token for each deposit made through their referral link. This creates a great opportunity for passive income. This system not only incentivizes users but also fosters natural community growth.
Furrever Token’s presale has already raised more than $1.3 million. The project is now in stage 9, aiming for a total of $1.9 million. The token is priced at $0.000732 with the potential for up to 15X returns. This presents an appealing investment opportunity.
Supported by a comprehensive review from Securi Lab, Furrever Token ensures a secure and reliable platform for its users. The project’s roadmap includes ongoing integration of cat-themed content and exciting future surprises. This positions it as a unique and enjoyable investment in the crypto space.
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