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cointelegraph.com Mar 26, 2025 11:48

Solanas early stage bull market hints at 65% SOL price gains by April - Solana (SOL) price looks ready to rise in April based on a classic bullish reversal indicator and signs of renewed appetite for memecoins.Technicals show 65% SOL price rally in playAs of March 26, SOL’s price had entered the breakout stage of what appears to be a falling wedge pattern.A falling wedge forms when the price consolidates inside a range defined by two converging, descending trendlines. Meanwhile, the pattern resolves when the price breaks above the upper trendline.SOL/USD daily price chart. Source: TradingViewSolana broke above the upper trendline of its falling wedge pattern on March 19 and has since maintained bullish momentum. The breakout has held strong, with SOL continuing to climb in the days that followed. With the pattern confirmed, the SOL/USD pair is now eyeing $235, a target obtained by adding the wedge’s maximum height to the breakout level by April.Source: @THEFLASHTRADINGThe breakout is supported by improving momentum indicators. Solana’s relative strength index (RSI) has moved above the neutral 50 level, suggesting strengthening buying pressure. A move above the 50-day exponential moving average (50-day EMA; the red wave) at $154 could further validate the breakout. However, if SOL retreats from the EMA resistance, then the bullish reversal would be at risk of invalidation.Solana memecoin sector is in recoveryBeyond the charts, Solana’s onchain activity is seeing a fresh wave of memecoin enthusiasm. Over 8 million tokens have been launched on Solana, and recent daily deployments have rebounded sharply.Notably, Solana-based memecoin launchpad Pump.fun witnessed the launch of over 34,000 projects on March 24, compared to around 20,190 launches at the month’s beginning, the lowest daily count since November 2024.Total projects deployed via Pump.Fun. Source: Dune AnalyticsThe spike in memecoin launches mirrors the recovery witnessed in December 2024, right after a month-long cooling period.SOL/USD daily price chart. Source: TradingViewThe surge in memecoin deployments points to renewed demand and increased network activity — a trend that has historically preceded SOL price rallies. Solana price rose by over 68% when Pump.fun activity saw a similar recovery last time. Related: BlackRock’s BUIDL expands to Solana as tokenized money market fund nears $2BThis momentum is also reflected in the strong performance of top Solana-based memecoins, many of which have posted impressive returns in recent days. That includes Official Trump (TRUMP) and Bonk (BONK).Top Solana memecoins and their performances as of March 26. Source: CoinGeckoSolana’s memecoin frenzy popped over the weekend when President Donald Trump made a social media post explicitly mentioning the TRUMP memecoin. His endorsement sparked fresh buzz across the sector.Adding to the bullish tailwinds, Pump.fun’s newly launched decentralized exchange (DEX) has crossed $1 billion in cumulative trading volume since its debut on March 19. The launch has driven even more activity to the Solana network, helping push SOL’s price up over 15% in the process.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

FOMO: 85%
cointelegraph.com Mar 26, 2025 11:30

Bitcoin must break this level to resume bull market as $2.4B in BTC leaves exchanges - Over 27,740 Bitcoin (BTC) worth $2.4 billion were withdrawn from exchanges on March 25, the highest daily outflow since July 31, 2024. Meanwhile, US spot Bitcoin exchange-traded funds (ETFs) continue their inflow streak, suggesting that institutional demand is making a comeback. Is the Bitcoin bull run about to resume? Bitcoin exchange outflows hit 7-month highBitcoin is making another attempt at a technical breakout above $90,000 as supply on exchanges continues to decrease. Bitcoin: Net flow to exchanges. Source: GlassnodeA closer look at the data reveals that a huge chunk of these withdrawals were made by whales, or entities holding at least 1,000 BTC, who withdrew more than 11,574 BTC worth approximately $1 billion from exchanges on March 25.Bitcoin whale withdrawal from exchanges. Source: GlassnodeHigh Bitcoin outflows from exchanges and whale withdrawals, in particular, reduce sell pressure, often signaling accumulation and bullish sentiment, which can drive prices up.Related: Bitcoin, Ethereum to end Q1 in the red, ‘vertical swing up’ unlikelyAdditionally, blockchain analytics firm Arkham Intelligence noted that a “billionaire Bitcoin whale” added 2,400 BTC worth over $200 million on March 24. Despite some selling in February, the given whale now holds over 15,000 BTC.The whale started acquiring Bitcoin five days ago after selling when Bitcoin’s price was between $100,000 and $86,000 in February. This may suggest that such large investors saw the recent lows as a buying opportunity in anticipation of higher prices. Spot Bitcoin ETF flows take a “positive turn”Another sign of major investors buying BTC again is the continuation of capital flows into spot Bitcoin exchange-traded funds (ETFs) since March 14. Spot Bitcoin ETFs have seen inflows for eight straight days, totaling  $896.6 million.“ETFs have taken a positive turn since March 14th, and so has $BTC and altcoins,” said market data provider Santiment. “This is the first streak of this length in 2025.”💸📈 ETFs have taken a positive turn since March 14th, and so has $BTC and altcoins. There have now been seven straight days with more money moving in to Bitcoin ETFs (positive inflow) than moving out (negative inflow). This is the first streak of this length in 2025. pic.twitter.com/9V1LNQ95uX— Santiment (@santimentfeed) March 26, 2025As Cointelegraph reported, digital asset investment products have also recorded weekly net inflows for the first time in five weeks. BTC price eyes key trendline to resume bull marketData from Cointelegraph Markets Pro and TradingView showed the BTC/USD trading at $88,265, up 1.2% over the last 24 hours. BTC price faces overhead resistance from the 20-weekly exponential moving average (EMA), currently at $88,682.Bitcoin price must flip this level into support to continue the bull run. The chart below shows that breaching the 20-weekly EMA has often preceded big rallies in Bitcoin price. BTC/USD weekly chart. Source: Cointelegraph/TradingViewNote that when BTC price crossed above this moving average in October 2023, it rallied approximately 170% from $27,000 on Oct. 16, 2023, to set a new all-time high above $73,000 on March 14, 2024.Similar price action occurred when the price rose above the 20-weekly EMA in September 2024, preceding a 77% rally from $60,000 to $108,000 in December 2024.Popular analyst Decode stressed the importance of this trendline, saying that the moving average is the “most important level right now for Bitcoin.”Meanwhile, co-founder of trading resource Material Indicators, Keith Alan, said that Bitcoin has to reclaim the 2025 yearly open at around $93,300 to confirm a path toward all-time highs.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

FOMO: 90%
cointelegraph.com Mar 26, 2025 09:31

Fidelity plans stablecoin launch after SOL ETF ‘regulatory litmus test’ - Fidelity Investments is reportedly in the final stages of testing a US dollar-pegged stablecoin, signaling the firm’s latest push into digital assets amid a more favorable crypto regulatory climate under the Trump administration.The $5.8 trillion asset manager plans to launch the stablecoin through its cryptocurrency division, Fidelity Digital Assets, according to a March 25 report by the Financial Times citing anonymous sources familiar with the matter.The stablecoin development is reportedly part of the asset manager’s wider push into crypto-based services. Fidelity is also launching an Ethereum-based “OnChain” share class for its US dollar money market fund.Fidelity’s March 21 filing with the US securities regulator stated the OnChain share class would help track transactions of the Fidelity Treasury Digital Fund (FYHXX), an $80 million fund consisting almost entirely of US Treasury bills.While the OnChain share class filing is pending regulatory approval, it is expected to take effect on May 30, Fidelity said.Fidelity’s filing to register a tokenized version of the Fidelity Treasury Digital Fund. Source: Securities and Exchange CommissionIncreasingly more US financial institutions are launching cryptocurrency-based offerings after President Donald Trump’s election signaled a shift in policy.Custodia and Vantage Bank have launched “America’s first-ever bank-issued stablecoin” on the permissionless Ethereum blockchain, which will act as a “real dollar” and not a “synthetic” dollar, as Federal Reserve Board Governor Christopher Waller called stablecoins in a Feb. 12 speech.Source: Caitlin LongTrump previously signaled that his administration intends to make crypto policy a national priority and the US a global hub for blockchain innovation.Related: Trump turned crypto from ‘oppressed industry’ to ‘centerpiece’ of US strategyFidelity’s spot SOL application is “regulatory litmus test”Fidelity’s stablecoin push comes a day after Cboe BZX Exchange, a US securities exchange, requested permission to list a proposed Fidelity exchange-traded fund (ETF) holding Solana (SOL), according to March 25 filings. The filing may provide insights about the SEC’s regulatory attitude toward Solana ETFs, according to Lingling Jiang, partner at DWF Labs crypto venture capital firm.“This filing is also more than just a product proposal — it’s a regulatory litmus test,” Jiang told Cointelegraph, adding:“If approved, it would signal a maturing posture from the SEC that recognizes functional differentiation across blockchains.”“It would accelerate the development of compliant financial products tied to next-gen assets — and for market makers, that means more instruments, more pairs, and ultimately, more velocity in the system,” Jiang added. Related: SEC dropping XRP case was ‘priced in’ since Trump’s election: AnalystsMeanwhile, crypto industry participants are awaiting US stablecoin legislation, which may come in the next two months.The GENIUS Act, an acronym for Guiding and Establishing National Innovation for US Stablecoins, would establish collateralization guidelines for stablecoin issuers while requiring full compliance with Anti-Money Laundering laws.A positive sign for the industry is that the stablecoin bill may be on the president’s desk in the next two months, according to Bo Hines, the executive director of the president’s Council of Advisers on Digital Assets.Magazine: SEC’s U-turn on crypto leaves key questions unanswered

FOMO: 90%