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Solana could be behind Ethereum as the activity of the meme coins falls

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  • Solana’s current financing rate is at -0,0002%, indicating a short pressure.
  • Solana dex volumes fell behind Ethereum earlier this year.
  • Sun accumulation suggests that long -term investors confidence is maintained.

    • Standard Chartered has warned that Solana (Sun) could have a lower performance than Ethereum (eth) due to the fading of the meme coins activity, a key driver of the solar on-chain volume in the last quarters.

    Although Solana has demonstrated its technical capabilities, particularly during the recent boom of Meme currencies, the bank now sees a risk of underutilization as seasonal trends change.

    According to the Bank Digital Asset Research Chief, Geoffrey Kendrick, the broader adoption of Ethereum and institutional associations place it in a stronger position for sustained growth.

    Ethereum benefits from wider use cases

    Solana has often positioned itself as a faster and faster alternative to Ethereum, with the ability to handle large volumes of low cost transactions.

    However, Standard Chartered points out that much of this activity has been driven by short -term trade of MEME currencies, a sector known for its limited volatility and utility.

    With the enthusiasm for the MEME coins cooling into 2025, Kendrick projects a possible use gap for Solana before other applications, such as decentralized financial platforms, games projects or social media integrations, gain critical mass.

    The bank says that Ethereum’s advantage lies in its diversified user base, which includes business level applications, financial products and long -term intelligent contract development.

    Blockchain analytics also supports this point of view. Earlier this year, Ethereum surpassed Solana in the negotiation volumes of the Decentralized Exchange (DEX) after a fall in operations in Raydium (Ray) and Pump.fun, two of the most active meme coins platforms of Solana.

    This change underlined Ethereum’s domain in multiple subsectors of Blockchain space.

    Market feeling reflects the risks of Solana in the short term

    Investors seem to be reacting to these signals. In February, traders began to cut exposure to solana -based assets due to uncertainty about the future of meme coins projects and delays in the expansion of the main native solar protocols.

    Standard Chartered says that these concerns are now being discounted in market forecasts, particularly in terms of transaction rates for transaction and incorporation of new users.

    A key indicator is Solana’s financing rate. According to the Blockchain Glassnode data company, Solana currently has a negative financing rate of -0,0002%, the only figure of this type among the 10 main cryptocurrencies for market capitalization, excluding the stablecoins.

    A negative financing rate means that short sellers are paying commissions to maintain bearish positions, which usually indicates a growing downward pressure on the price.

    However, a negative financing rate can sometimes be an opposite indicator. Traders can be waiting for a Squeeze Short, where sudden movements rise in prices force shorts to repurchase their positions, which could create a strong rebound.

    Beinypto reports that the accumulation of sun by institutional actors in May suggests that long -term investors can continue to see value in Solana, even if short -term performance is going to the Ethereum.

    Analysts say Ethereum remains the dominant layer 1

    While Solana has demonstrated rapid growth and solid technical infrastructure, Intotheblock analysts believe that the network still has a lot of land to go before challenging Ethereum’s dominance.

    The research group said that, although Solana can continue to grow and point to niche applications, overcome Ethereum remains a long -term objective instead of an imminent milestone.

    The integration of Ethereum with traditional finances, the broad support of developers and updates such as the change to the participation test have helped strengthen their position such as the reference block chain for decentralized applications.

    Until the next wave of use cases of the real world of Solana gains impulse, Standard Chartered believes that the price of the network and the chain activity can follow Ethereum’s behind.

    As the mature market, both block chains can find space for growth, but in the short term, the amplitude of the Ethereum ecosystem and the trust of investors give it the advantage, according to the latest bank analysis.

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    Dogecoin rises 18% as the trade agreement promotes cryptocurrency market activity

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  • The commercial agreement between the United States and the United Kingdom raised the feeling of investors in digital assets.
  • At the time of writing this article on Friday, Doge quoted at approximately $ 0.206.
  • Open interest increased 18% to 2,170 million dollars, driven by long positions.

    • Dogecoin (Doge) rose 18% this week, recovering the USD 0.20 brand after exceeding key technical levels on Thursday.

    The rebound occurs after a new commercial agreement signed between the United States and the United Kingdom, which triggered a bullish impulse throughout the cryptocurrency market.

    The Doge’s upward movement reflects the broader optimism of investors, with recoveries throughout the market that help it exceed the exponential mobile socks (EMA) of 50 and 100 days, historically strong resistance areas for the meme currency.

    At the time of writing this article on Friday, Doge quoted at approximately $ 0.206, having established a support base above $ 0.20.

    The renewed interest was accompanied by a strong increase in the volume of negotiation and the activity of derivatives, which suggests a greater participation of institutional and retail operators.

    Fountain: Coinmarketcap

    $ 13 million in liquidations

    The Dogecoin rebound caused a wave of liquidations in the futures market, with approximately USD 13 million in positions eliminated in the last 24 hours.

    According to Coinglass datashort liquidations represented the majority with USD 11.3 million, while the lengths represented only USD 1.6 million.

    This imbalance indicates a manual Squeeze Short, in which a strong price increase forces traders with bearish positions quickly, pushing even higher prices in the process.

    The open interest (OI) in Doge’s futures also rose 18% to USD 2.17 billion, a sign of the growing appetite of the operators.

    The increase in OI, especially long positions, suggests that market participants are positioning for new increases.

    The relationship between long and short of 2,4602 binance positions reinforces this trend, showing that more traders bet because Doge Suba.

    The volume activity joined the bullish confirmation. The volume of operations of 24 hours of Doge shot 74.49% to the USD 4.5 billion, with a high volume during an upward trend that is generally considered a confirmation of the force of the impulse.

    The head and inverse shoulders point to a rupture of USD 0.24

    Dogecoin has come out of a classic inverse and shoulders, often seen as a sign of bullish reversal.

    The structure, observed in the daily chart, projects a potential movement of 33% from the level of rupture, which places the next target price around 0.24 dollars.

    The projection is based on the pattern height, measured from the head to the neckline, and is applied above the breakdown.

    Currently, Doge is trying to stabilize above the 100 -day EMA at 0.20 dollars.

    If this support is maintained, it is likely that the bullish impulse will continue in the next sessions.

    The MACD indicator also shows a positive divergence, with green bars in the histogram on the central line that point to an increase in bullish pressure.

    However, traders must remain cautious. The RSI has reached 70.31, entering the overcompra zone.

    While this does not immediately indicate a reversal, it often precedes short -term corrections.

    In the event that Doge goes back from the current levels, the 50 -day EMA in USD 0.18 can serve as a key support and reentry zone.

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    The activity of XRP whales shoots with the Fed policy and tensions with China in the spotlight

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  • Whale addresses now have 9.44% of the XRP supply, compared to 8.24% in January.
  • The Fedwatch tool shows that the expectations that interest rates are maintained at 4.25%-4.5%.
  • The RSI below 50 indicates a bearish impulse and a possible downward pressure.

    • The Ripple Token XRP remains stable in USD 2.14 despite a significant slowdown in the volume of operations and a growing caution in the cryptocurrency market in general.

    Fountain: Coinmarketcap

    The consolidation of the token price occurs while investors expect the next decision of the US Federal Reserve. On interest rates and are attentive to the evolution of the next commercial conversations between the US. UU. And China.

    On-Chain data suggest that large investors continue to accumulate XRP, with portfolios that contain between 1 million and 10 million tokens that have increased their holdings by 1.2% since January.

    This increase in the so -called whale activity is helping to maintain a floor at the support level of 2.10 dollars, even when impulse indicators such as the RSI point to a growing uncertainty of the operators.

    The cryptocurrency market in general is equally limited to a range, with Bitcoin fluctuating between USD 94,000 and USD 96,000 before the Fed policy declaration and key diplomatic meetings that will take place in Switzerland this weekend.

    The Fed is expected to maintain stable types at 4.25%-4.5%

    According to the CME Group Fedwatch tool, most market participants anticipate that the Federal Open Market Committee will leave its reference interest rate unchanged.

    The current range of 4.25% to 4.5% reflects the caution posture of the Central Bank in the midst of the current world economic volatility, particularly derived from commercial policy and geopolitical tension.

    The last weekly K33 Research report indicates that the Fed conservative approach is being partly driven by uncertainty about the broader macroeconomic worries and macroeconomic concerns.

    These winds against macroeconomic are weighing on risk assets, including cryptocurrencies.

    The funds quoted in the stock market (ETF) have absorbed more than 50,000 BTC since April 21, but Bitcoin has struggled to maintain the upward impulse beyond the USD 97,000, which underlines the hesitation of the market in general.

    The moderate performance of XRP in recent days reflects a similar indecision, with bulls and bassists trapped at a dead point above the level of USD 2.10.

    Commercial tensions push XRP to consolidation

    The current XRP price movement reflects more than national economic uncertainty. International commercial disputes have intensified after the United States imposed new chips exports restrictions on China.

    Specifically, the sending of the advanced NVIDIA H20 processors was prohibited, which led China to retaliate stopping exports of rare earth materials to the United States.

    These eye actions per eye have destabilized feeling and caused panic in world markets in April.

    In response to this escalation of the commercial war, the United States Secretary of the Treasury, Scott Besent, has confirmed that a meeting is scheduled with the Vice Prime Chinese Minister, He Lineng, in Switzerland.

    The meeting is expected to be scheduled for this weekend, focus on solving some of the key tariff barriers and opening channels to improve bilateral trade.

    Market analysts suggest that progress in these conversations could reduce volatility and improve feeling towards risk assets, including cryptocurrencies.

    The XRP price faces resistance in USD 2.20

    XRP continues to quote within a narrow range between its 200 -day exponential average in $ 1.99 and a dual resistance level formed by the EMA of 50 days and 100 days around $ 2.20.

    A long -term descending trend line that dates back to January adds more pressure to the bullish traders trying to overcome the higher resistance zone.

    The relative force index (RSI) has fallen below the neutral level 50indicating that the bassist impulse may be strengthening. This change in feeling increases the possibility of losses below USD 2.10.

    In the event that the $ 1.99 support is broken, operators can look for lower levels in $ 1.80 or even 1.61 dollars, the latter being the minimum recorded on April 7, in search of reversion signs.

    Despite these technical winds against, Whale wallets are silently increasing their holdings.

    According to Santiment data, the addresses between 1 million and 10 million XRP now control 9.44% of the total supply, compared to 8.24% of the early year.

    This trend could serve as a stabilizing force as investors navigate the short -term volatility before the Fed decision and international commercial negotiations.

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    The activity of Dogecoin whales triggers in March 2025, with the price pointing at $ 0.25.

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    • The RSI enters over -sales territory, indicating a minimum of short -term price.
    • The rupture of the descending wedge pattern points to a bullish impulse.
    • A resistance close to $ 0.22– $ 0.25 in the coming weeks is expected.

    Dogecoin is seeing greater interest on the part of the main investors this March, since the chain data reveals that more than 220 million tokens Doge were accumulated by whale addresses.

    This activity increase occurs in the middle of a generalized rebound in the cryptocurrency market, which has promoted the price of Dogecoin to around $ 0.162. Token has also won 1.89 % in daily graphics.

    Fountain: Coinmarketcap

    Market signals, including technical ruptures and a relative force index (RSI), suggest that Doge could be preparing for another rise, potentially pointing to the range of $ 0.22 to $ 0.25 in the short term.

    The whales added 220 million doge

    The data show that the great Dogecoin holders accumulated more than 220 million Doge only in March 2025. This increase in the interest of the whales points to a renewed confidence in the short -term trajectory of the asset.

    The moment of this accumulation coincides with a broader rebound in the cryptocurrency market, which has raised the prices of several important altcoins.

    On Monday morning, Dogecoin traded at approximately $ 0.174, representing a 7.3 % increase in the last 24 hours. The recent performance of Token is greatly attributed to the general positive feeling in the digital asset sector and the technical indicators that suggest a bullish impulse.

    Dogecoin market capitalization now amounts to approximately 25 billion dollars, which makes it one of the 10 main cryptocurrencies by assessment.

    Alcista graphic signals

    Dogecoin recently broke a descending wedge pattern, a formation that many operators consider precursor to an upward movement. This pattern usually reflects a slowdown in the sales pressure and a possible reversal.

    Since this breakup, the Token has registered consistent daily profits.

    Meanwhile, the four -hour RSI has fallen into over -sales territory, which is generally interpreted as a sign that the asset can be undervalued in the short term.

    This change has aroused interest among the technical operators who see over -sales conditions as a purchase opportunity.

    If the current impulse continues and Bitcoin maintains its current course, analysts suggest that Dogecoin could prove the resistance between $ 0.22 and $ 0.25 in the coming weeks.

    This price range has historically served as a crucial level of both support and resistance during previous market cycles.

    The pattern suggests a 270% rebound

    The recent Dogecoin price action is also forming a higher minimum technical pattern, a structure that often precedes important price increases in the cryptocurrency market.

    Observers point out that this type of configuration has been seen before significant ruptures in Dogecoin past, even during the 2021 bullish run.

    The cryptocurrency analyst Javon Marks has identified this particular trend, suggesting that the highest highest minimums could lead to a significant ascending movement.

    Based on historical data, it indicates the possibility of a 270%rebound, which would cause Dogecoin to rise to around $ 0.6533.

    This projection is backed by past correlations between similar graphics structures and the Doge price action.

    While this is not a guaranteed result, traders often use the formation of higher consistent minimums as a main indicator of the upward continuation.

    Next objectives: $ 0.22– $ 0.25

    Although the technical indicators and whale activity have a solid argument for short -term profits, Dogecoin’s future trajectory will also depend on external factors such as macroeconomic conditions, the movement of the price of Bitcoin and regulatory developments.

    Doge’s correlation with Bitcoin remains high and any reversal in Bitcoin’s trend could affect the feeling throughout the Altcoins market.

    However, current indicators are favoring the bulls, and the increase in accumulation by high -value addresses could provide the necessary impulse to sustain the rebound.

    As of March 31, Doge remains one of the most marketed meme cryptocurrencies, and its price trajectory will continue to be determined by both technical developments and for the feeling of the market.

    Analysts will be observing closely the next resistance levels at $ 0.22 and $ 0.25, which could determine if Dogecoin continues their ascent or faces another phase of consolidation.

    The post The activity of Dogecoin whales shoots in March 2025, with the price pointing at $ 0.25. Appeared First on coinjournal.

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