- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Solana Faces Centralization Fears After $147 Emergency Patch and Tight Price Setup
By: fxleaders|2025/05/06 21:30:01
0
Share
Solana (SOL) Technical Analysis: Symmetrical Triangle Breakout Looms As of writing Solana (SOL) is trading at 142.92 inside a tightening symmetrical triangle that’s been forming since mid April. Price bounced from the trendline support at 143.00 and is below the 50 period EMA at 146.13. MACD is negative but fading so it could be a move. Trade Levels to Watch: Buy above 147.60 , target 152.08 and 156.16 (stop 143.80) Sell below 140.50 , target 137.10 and 133.83 (stop 143.20) This is a breakout setup – either direction could play out so confirmation is key. Traders should wait for a strong close outside the triangle before entering positions. Takeaways: Solana’s patch was necessary but centralization fears resurface. Validator led governance could be a long term risk if left unaddressed. Technically SOL is at the edge of a breakout – stay alert. The crypto community will be watching – not just the price but how Solana answers the governance questions now at its door.
You may also like
Advantages and Challenges of Modern Cryptocurrency Trading Platforms
Key Takeaways: Modern cryptocurrency trading platforms offer enhanced security measures to protect user assets. User-friendly interfaces and comprehensive…
Original Article Unavailable: Bridging Cryptocurrencies and the Emerging Trends
Key Takeaways Cryptocurrency markets are increasingly woven into the fabric of global financial systems. With advancements in blockchain…
Untitled
I’m sorry, but I am unable to fulfill this request as it lacks specific content from the original…
The one who bought the Meta stablecoin Diem back in the day is a good friend of SBF.
The original idea was to combine a bank-licensed compliant entity with an underlying clearing network built over three years by a Silicon Valley giant, to enable seamless payments for everything you can imagine
February 25th Market Key Insights, How Much Did You Miss Out?
1. On-Chain Funds: $32M inflow to Ethereum this week; $54.9M outflow from Arbitrum
2. Largest Price Swings: $SN115, $RAVE
3. Top News: Tonight's Circle and NVIDIA earnings reports, AI narrative's impact on crypto market sentiment under scrutiny
Dragonfly Partner Haseeb Conversation: The AI Apocalypse is Far Away; Smart Contracts are Machine-Destined Law
In the world of crypto, the first lesson you learn is the importance of "HODLing" on.
IOSG: DeFi Upward, User Downward; Curator's New Paradigm of CeDeFi
As DeFi matures and grows more complex, the Curator is becoming a key intermediary connecting risk and users.
DDC continues to advance its Bitcoin reserve strategy, with a total holding of 2118 BTC
DDC Enterprise Limited has today announced the additional purchase of 50 bitcoins, increasing its total bitcoin holdings to 2,118 bitcoins. This latest acquisition marks DDC's seventh consecutive week of executing its bitcoin accumulation plan. Based on its current holdings, DDC is ranked 34th in the global publicly traded companies bitcoin holdings list.
From Mining Enterprise to Infrastructure Builder, Bitdeer Unpacks the Survival Logic behind BTC
Profit margins nearing the red line, miners are starting to use Bitcoin as fuel.
How Can Agentic Commerce Empower AI to Start Making Money?
The first wave of moneymaking AIs has arrived, which projects are worth paying attention to
February Correction: Is the Crypto Market Bottoming Out?
Based on historical experience, the most intense phase of this downturn may be about to end.
AI Payments Through the Lens of Fintech Giants: Five Levels, Stablecoin Infrastructure, Next-Gen Globalized Commerce
Stripe took fifteen years to turn seven lines of code into a business empire that powers 1.6% of the global GDP. Its next move is to define the next generation of global business rules.
Zuckerberg Retweets Stablecoin, Can Meta Win This "Comeback Game"?
Compared to the Libra era of 2019 when it attempted to disrupt the global financial system, the 2026 Meta is demonstrating a more stable and compliance-oriented approach.
Polymarket New Rule Release: How to Build a New Trading Bot
In 2026, a truly winning trading Bot is not the fastest taker, but the most excellent liquidity provider
Bitwise: The Institutional Wave is Here, So Why is the Market Still Sleeping?
There is a significant gap between the perceived cryptocurrency market and the actual cryptocurrency market.
WEEX LALIGA Partnership 2026: Where Football Excellence Meets Crypto Innovation
WEEX becomes official crypto exchange partner of LALIGA in Hong Kong and Taiwan. Discover how this partnership brings together football excellence and trading discipline.
AI Apocalypse, a massive short squeeze
AI is not the doomsday prophecy, but the dawn of a new era of abundance stemming from the collapse of cognitive cost.
The "Second Truth" of the Luna Crash: Jane Street Exits Ahead of Plunge
In the cryptocurrency industry that touts "decentralization," true asymmetry may have never disappeared.
Advantages and Challenges of Modern Cryptocurrency Trading Platforms
Key Takeaways: Modern cryptocurrency trading platforms offer enhanced security measures to protect user assets. User-friendly interfaces and comprehensive…
Original Article Unavailable: Bridging Cryptocurrencies and the Emerging Trends
Key Takeaways Cryptocurrency markets are increasingly woven into the fabric of global financial systems. With advancements in blockchain…
Untitled
I’m sorry, but I am unable to fulfill this request as it lacks specific content from the original…
The one who bought the Meta stablecoin Diem back in the day is a good friend of SBF.
The original idea was to combine a bank-licensed compliant entity with an underlying clearing network built over three years by a Silicon Valley giant, to enable seamless payments for everything you can imagine
February 25th Market Key Insights, How Much Did You Miss Out?
1. On-Chain Funds: $32M inflow to Ethereum this week; $54.9M outflow from Arbitrum
2. Largest Price Swings: $SN115, $RAVE
3. Top News: Tonight's Circle and NVIDIA earnings reports, AI narrative's impact on crypto market sentiment under scrutiny
Dragonfly Partner Haseeb Conversation: The AI Apocalypse is Far Away; Smart Contracts are Machine-Destined Law
In the world of crypto, the first lesson you learn is the importance of "HODLing" on.
App