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Is Solana (SOL) Price Ready for Another Breakout to $194?

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Solana (SOL) price has risen 12% over the past week, and recent developments suggest there could be even more room for growth. With the Relative Strength Index (RSI) dropping to 61 from overbought territory, SOL now has space to move upward without immediate selling pressure.

Additionally, the impressive activity on Pumpfun, one of Solana’s biggest applications, is fueling user engagement and ecosystem growth. Both the cooling RSI and the surge in Pumpfun metrics could be key drivers for further price increases in the coming days.

SOL RSI Is Below the Overbought Stage

SOL’s RSI has recently dropped to 61, down from over 70 just a day ago. This shift suggests that the buying pressure has cooled down a bit, moving away from overbought conditions. An RSI above 70 often indicates that an asset is overbought and a pullback is likely.

Now that the RSI is below that critical threshold, it signals that there could be room for the price to continue its upward movement without facing immediate selling pressure.

Read more: 13 Best Solana (SOL) Wallets To Consider in October 2024

SOL RSI.
SOL RSI. Source: TradingView

The Relative Strength Index (RSI) is a momentum indicator that measures the speed and change of price movements. It ranges from 0 to 100, with values above 70 indicating an overbought condition and values below 30 suggesting an oversold state.

Despite SOL price being up by 12% over the past seven days, the recent drop in RSI below 70 could be a positive sign. It implies that the recent surge wasn’t excessively overextended, leaving space for further gains. With RSI now below the overbought level, there may be more potential for price growth in the coming days.

Can Pump.fun Metrics Drive Solana Growth?

Pump.fun, one of the largest applications in the Solana ecosystem, has been setting record after record recently. Since October 14, the platform has seen more than 20,000 coins launched per day, peaking at an all-time high of 34,094 coins on October 22.

This spike in coin launches is significant because Pumpfun now accounts for almost 50% of daily DEX transactions and volume in the Solana ecosystem. Such high levels of engagement could lead to a new price surge for Solana, much like what occurred between March and April.

PumpFun Tokens Launched Per Day.
PumpFun Tokens Launched Per Day. Source: Dune

Back then, the exponential growth in coins launched on Pumpfun coincided with SOL’s price rising from $107 to $209 in just three weeks. The increased activity signals greater user engagement, which could naturally drive SOL’s price higher once again.

SOL Price Prediction: Back To $194 Soon?

SOL is currently trading above all the EMA lines, reflecting strong bullish momentum. The short-term EMA is acting as immediate support, indicating that buyers are actively stepping in during minor pullbacks.

The alignment of the EMA lines, with shorter-term EMAs above the longer ones, further supports this positive trend, showing healthy continuation potential.

Read more: Solana vs. Ethereum: An Ultimate Comparison

SOL EMA Lines and Support and Resistance
SOL EMA Lines and Support and Resistance. Source: TradingView

If SOL manages to break above $182.46, it could test $194.04 soon, its biggest price since July. Support areas are marked at $165.37 and $147.55 — both are crucial for maintaining the current uptrend.

The EMA configuration, alongside these support and resistance levels, suggests that the bullish trend is still intact, with room for growth if buying momentum continues.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Bitcoin’s Future After Trump Tariffs

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Welcome to the US Morning Crypto Briefing—your essential rundown of the most important developments in crypto for the day ahead.

Grab a coffee to see how Bitcoin is holding its ground while Wall Street stumbles, why Trump’s tariffs may push the Fed into money-printing mode, and what that could mean for crypto’s next chapter. From Ethereum’s test of resilience to rising odds of a US recession, here’s everything you need to know to stay ahead.

Bitcoin Enters Its Risk-Dynamic Era Amid Tariffs and Turmoil

Bitcoin’s reaction to recent macro shocks—particularly Trump’s sweeping tariffs—has been noticeably calm compared to traditional markets, and that’s turning heads. While Wall Street stumbles harder than expected, crypto has held relatively steady.

Nexo Dispatch Editor Stella Zlatarev told BeInCrypto that this isn’t just resilience—it’s evidence that Bitcoin may be entering a new phase of market maturity.

“A 2–3% drop in crypto is a rounding error compared to past cycles,” she said, emphasizing that this stability amid chaos suggests Bitcoin is no longer just a speculative punt. “Bitcoin’s ability to weather macro turbulence without the wild swings of previous years suggests institutional investors are treating it less as a speculative punt and more as a strategic asset,” Zlatarev said.

Analysts also stressed that Bitcoin’s behavior doesn’t align with traditional asset categories.

“It’s not gold, and it’s not the yen. Instead, Bitcoin is emerging as a risk-dynamic asset – one that doesn’t crumble like high-growth stocks but also doesn’t attract the same flight-to-safety flows as traditional safe havens,” Zlatarev told BeInCrypto.

This concept of a “risk-dynamic” asset positions Bitcoin in a unique role: something that thrives in uncertainty but doesn’t collapse when the market turns.

Zlatarev from Nexo also noted that how Ethereum and other blue-chip altcoins respond next will be key.

“If ETH mirrors BTC’s performance, it strengthens the case that top-tier crypto assets are evolving into a more predictable asset class. If ETH wobbles, it reinforces that, for now, Bitcoin is in a league of its own.”

Meanwhile, the macro backdrop is shifting fast. Trump’s new “Liberation Day” tariffs have spooked global trade partners and have also sent ripple effects through prediction markets. Polymarket now gives almost 50% odds of a US recession this year—a major shift following the announcement.

Also, CME FedWatch tool shows interest rate traders have boosted the probability the US Federal Reserve will make four rate cuts this year. Eventually, this could relief the current macroeconomic pressure on Bitcoin.

fed interest rate projection for may 2025
Target Rate Probabilities for the Next Fed Meeting on May 7. Source: CME Group

Former BitMex CEO Arthur Hayes mentioned that Trump’s current tariff strategy could complicate the US bond market. In other words, pressure is building for the Fed to intervene—possibly by turning on the liquidity spigot once again.

All of this puts Bitcoin in a new spotlight. Its steadiness is no longer being dismissed as a coincidence. It may be the first sign that crypto, or at least its most mature players, is stepping out of the shadows of speculation and into the spotlight of strategic finance.

Chart of the Day

Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for the United States. Source: FRED St-Louis.

By reducing foreign demand for US Treasuries, Trump’s tariffs may force the Fed to inject more liquidity—potentially weakening the dollar and boosting Bitcoin as an alternative store of value.

Byte-Sized Alpha

Trump’s “Liberation Day” enforces 10%+ tariffs on all imports, hitting China, the EU, and Israel, triggering market drops and recession fears.

According to Standard Chartered, Bitcoin may hit $500,000 by Trump’s term end, AVAX could 10x by 2029, and Ethereum’s 2025 target drops to $4,000.

– The STABLE Act of 2025 advances with bipartisan support, aiming to tighten stablecoin rules as competition and regulatory pressure intensify.

– Bitcoin ETFs see $221 million in April inflows led by ARKB, but BTC derivatives cool with falling futures interest and bearish options sentiment.

DXY hits a 2024 low after “Liberation Day” tariffs, fueling short-term Bitcoin surge hopes amid global tensions and policy uncertainty.

– Bitcoin struggles below $85,000 amid weak sentiment, but long-term holders stay firm, keeping capitulation fears at bay.

Polymarket sees almost 50% chance of US recession as Trump’s tariffs spark market fears and trade tensions.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.





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EDGE Goes Live, RSR Added to Roadmap

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Coinbase, one of the leading cryptocurrency exchanges, has announced the addition of Reserve Rights (RSR) to its listing roadmap, signaling a strategic move to broaden its offerings.

This coincides with the exchange’s decision to list Definitive (EDGE), which has already sparked significant market activity.

Coinbase Adds RSR To Roadmap 

Reserve Rights is an ERC-20 token native to the Reserve Protocol. The platform offers a permissionless decentralized framework for stablecoin development. It enables users to create yield-bearing, asset-backed, and overcollateralized stablecoins on the Ethereum (ETH) blockchain.

The addition of RSR to Coinbase’s listing roadmap has caught considerable attention, partly due to its association with Paul Atkins, President Donald Trump’s nominee for SEC Chair

Atkins previously served as a crypto advisor for the Reserve Protocol. He is widely regarded as a crypto-friendly figure—standing in sharp contrast to his predecessor, Gary Gensler, who oversaw a stringent crackdown on the industry during his tenure.

Notably, the exchange’s move was celebrated by the platform.

“Great to see more opportunities for people to participate in the Reserve ecosystem,” Reserve Protocol posted on X (formerly Twitter).

Despite the development, RSR’s price has shown only modest movement. 

coinbase RSR Price Performance
RSR Price Performance. Source: CoinGecko

According to the latest data, it was trading at $0.006. This reflected a 1.2% increase over the past 24 hours. 

However, the token has gained strong community support. CoinMarketCap data showed a 91.6% bullish sentiment among users. This indicated increased user confidence in its potential.

RSR Community Sentiment
RSR Community Sentiment. Source: CoinMarketCap

EDGE Sees Triple-Digit Rally Post Coinbase Listing

While RSR’s price showed only small gains, the EDGE token’s reaction has been much more dramatic. Coinbase revealed via X that it would list the Definitive platform’s utility token, EDGE.

“Trading will begin later today if liquidity conditions are met. Once sufficient supply of this asset is established trading on our EDGE-USD trading pair will launch in phases. Support for EDGE may be restricted in some supported jurisdictions,” the announcement read.

Following this, EDGE saw its price surge by an impressive 120.6% to $0.091. Previously, a similar reaction was observed in Doginme (DOGINME) and Keyboard Cat (KEYCAT) after they secured a listing on the exchange.

coinbase listing Definitive (EDGE)
EDGE Price Performance. Source: CoinGecko

EDGE’s listing, however, comes with an “Experimental” label. This is a designation Coinbase uses to indicate assets that may carry higher risk or volatility

“The Experimental asset label will not impact your ability to send, receive, buy, sell and/or hold assets on Coinbase. However, we do ask you to read and confirm you understand the risks involved, such as price swings and canceled orders, before trading an experimental asset for the first time,” the blog reads.

As Coinbase continues diversifying its portfolio, the addition of RSR and EDGE highlights the growing acceptance of diverse blockchain projects. These listings may provide new opportunities for investors. However, the associated risks should be carefully considered.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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10 Altcoins at Risk of Binance Delisting

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On April 3, Binance announced that it would add a new set of tokens to its monitoring list. These tokens are under closer scrutiny and may face delisting following the upcoming review period.

This move follows the exchange’s aims to increase transparency while offering more clarity regarding the risk levels associated with different cryptocurrencies.

10 Altcoins in Danger of Binance Delisting

As part of this update, the following tokens will be added to the Monitoring Tag list: Ardor (ARDR), Biswap (BSW), Flamingo (FLM), LTO Network (LTO), NKN (NKN), PlayDapp (PDA), Perpetual Protocol (PERP), Viberate (VIB), Voxies (VOXEL) and Wing Finance (WING).

Tokens added to the Monitoring Tag exhibit notably higher volatility and risk compared to other listed tokens. Binance will closely monitor these tokens, with regular reviews to assess their compliance with the platform’s listing criteria.

“Tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform,” Binance said.

Following the announcement, the prices of the mentioned altcoins plummeted by double-digits.

ARDR, BSW, FLM, LTO, NKN, PDA, PERP, VIB Price Performance.
ARDR, BSW, FLM, LTO, NKN, PDA, PERP, VIB Price Performance. Source: TradingView

In addition to the new Monitoring Tag additions, Binance will also remove the Seed Tag from Jupiter (JUP), Starknet (STRK), and Toncoin (TON).

Tokens marked with the Seed Tag are those that are still in their early stages of development and have not yet met Binance’s full listing criteria. The removal of the Seed Tag indicates a change in the status of these projects. This suggests that they no longer fit the initial criteria for such a label.

Tokens with the Monitoring Tag or Seed Tag come with inherent risks. Binance ensures that users are well-informed before trading them. To access trading for these tokens, users must pass a risk awareness quiz every 90 days.

The quiz makes sure that users understand the potential risks associated with trading higher-risk tokens. Binance will also display a risk warning banner for these tokens on its Spot and Margin platforms.

Binance will continue to conduct periodic reviews of tokens with the Monitoring Tag and Seed Tag. During these reviews, several factors are taken into account. This includes the project team’s commitment, development activity, token liquidity, and community engagement.

The latest development follows a similar announcement from Binance in March. The exchange routinely delists tokens that fail to keep up with its criteria.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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