MAROKO133 Eksklusif crypto: Solana Price Eyes Bullish Crossover as New Addresses Hit Month

📌 MAROKO133 Update crypto: Solana Price Eyes Bullish Crossover as New Addresses Hi

Solana (SOL) has struggled to regain its footing after several failed recovery attempts over the past few days. While the altcoin has avoided forming new lower lows, it remains confined within a bearish setup. 

However, improving on-chain metrics and technical signals suggest a potential shift in sentiment that may soon favor the bulls.

Solana Holders Surge

Solana’s network activity shows encouraging signs of growth, with new wallet addresses rising notably in recent days. This uptick indicates renewed investor interest and expanding participation in the ecosystem. When new addresses surge, it often reflects growing confidence in the network’s utility and long-term prospects, both essential for sustained price growth.

The current increase in new address creation marks a monthly high for Solana, underlining strong network fundamentals despite price stagnation. If this momentum continues, SOL could see increased liquidity and greater market demand.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

From a technical perspective, Solana’s Moving Average Convergence Divergence (MACD) indicator is inching closer to a bullish crossover. The MACD line nearing the signal line suggests that downward momentum is weakening. If the crossover is confirmed, it would signal a potential reversal and mark a turning point in SOL’s price trajectory.

A confirmed bullish crossover often leads to renewed optimism among traders and investors. Such momentum shifts can attract short-term speculators seeking to capitalize on price swings while reinforcing long-term confidence.

SOL Price May Be Looking At A Rise

Solana’s price stands at $187 at the time of writing, holding firm above the $183 support level. The altcoin remains range-bound, struggling to break through the key $192 resistance. However, price stability above support suggests growing resilience in the face of selling pressure.

If Solana’s bullish indicators gain traction, the price could climb past $192 and target $200 or higher. Strengthening support levels combined with improving investor sentiment could help SOL establish a sustainable uptrend.

Conversely, if momentum fails to build, Solana may drop below $183 to test $175. A further decline could extend losses toward $163. This would effectively invalidating the bullish outlook and signaling continued market weakness.

The post Solana Price Eyes Bullish Crossover as New Addresses Hit Monthly High appeared first on BeInCrypto.

🔗 Sumber: www.beincrypto.com

📌 MAROKO133 Breaking crypto: BREAKING: Donald Trump Pardons CZ – Is the BNB Price

President Donald Trump pardoned Changpeng Zhao, the convicted founder of crypto exchange Binance, on Wednesday following months of efforts by Zhao to boost the Trump family’s crypto company, according to people familiar with the matter cited by The Wall Street Journal.

Trump recently told advisers he was sympathetic to arguments of political persecution related to Zhao, with many insiders believing “the fraud case against Changpeng Zhao, known in the digital space simply as CZ, was pretty weak, and certainly not something that merited a felony charge and jail time.”

Polymarket odds for CZ receiving a pardon stood at 100%, while prediction markets show his chances of returning to Binance by December 31 surged from 7% to 55% within minutes of the announcement.

Zhao pleaded guilty in November 2023 to failing to maintain an effective anti-money laundering program at Binance.

Former Treasury Secretary Janet Yellen stated, “Binance turned a blind eye to its legal obligations in the pursuit of profit. Its willful failures allowed money to flow to terrorists, cybercriminals, and child abusers through its platform.”

Prosecutors alleged the exchange aided terrorists and facilitated human and drug trafficking. Binance paid $4.3 billion while Zhao paid a $50 million fine and served four months in prison, released September 27, 2024.

Notably, CZ previously denied a March 13 WSJ report alleging he sought a pardon in exchange for a Binance US business deal.

He stated, “More than 20 people have told me they were asked by the WSJ, ‘Can you confirm that CZ made some deal for a pardon?‘” and suggested the article was “motivated as an attack on the President and crypto.”

Despite the denial, Binance, the Emirati firm MGX, and Trump-linked World Liberty Financial drew scrutiny following a $2 billion deal in May involving USD1, WLF’s stablecoin.

Warren and Democratic Senators are Not Fine With a Pardon

Senator Elizabeth Warren wrote to White House Counsel David Warrington in May, stating, “the convergence of Mr Zhao’s pardon application and Binance’s financial entanglements with the President’s family presents urgent concerns regarding the integrity of our justice system.”

Democratic Senator Richard Blumenthal warned back in August that a pardon “lets criminals off the hook to the personal profit of the president and his family and his friends, and unleashes a convicted felon on a virtually unregulated crypto market.“

The pardon comes amid criticism of Binance’s handling of the October 10 market crash, during which technical issues contributed to $19 billion in liquidations.

The exchange has, however, set aside $700 million for affected users, though outrage persisted with comments including “without Binance & CZ, crypto would be so much better” and “I closed my Binance account. It’s just a scam platform.“

However, despite their opposition, this seems like a done deal.

CZ has taken to X to announce himself and show appreciation to the president, and promised to “do everything we can to help make America the Capital of Crypto and advance web3 worldwide.”

SBF Pardon Speculation Grows

Polymarket data shows Sam Bankman-Fried at 9% odds for a Trump pardon in 2025, with Bloomberg reporting that his parents are seeking clemency.

SBF is serving 25 years for using billions in FTX customer funds to make risky bets through Alameda Research without their knowledge.

One FTX victim wrote, “My whole life has been destroyed. I have two young children, one born right before the collapse. Beyond the money, I lost my happiness, my ability to get out of bed, my desire to continue living.“

Earlier this month, SBF stated in prison interviews that handing FTX to CEO John Ray III was “the single biggest mistake I made by far,” maintaining he never defrauded anyone despite a jury finding him guilty of seven counts of fraud and money laundering.

His parents are appealing the conviction, arguing Sullivan & Cromwell wrestled FTX away and profited handsomely while facilitating his prosecution. The law firm billed nearly $250 million in bankruptcy fees.

Other potential pardon candidates on Polymarket include Roger Ver at 17% odds, while CZ remains Binance’s largest shareholder with a 90% stake and an estimated net worth of $75 billion.

The pardon clears Zhao’s criminal record and potentially opens the door for his formal return to the global crypto scene.

However, for SBF, it is most unlikely, as a vote opened a few hours ago by crypto podcaster Wendy…

Konten dipersingkat otomatis.

🔗 Sumber: cryptonews.com