Solana price prediction: SOL targets $250 amid ETF buzz

Key takeaways

  • SOL is trading at $197 after adding 2% to its value over the weekend.
  • The coin could rally towards $250 soon as investors anticipate a spot ETF.

SOL approaches $200 as altcoins lead the market charge

The cryptocurrency market is having a positive start to the week following last week’s deep correction. Bitcoin is trading above $119k while Ether is targeting the $4k psychological mark.

Binance’s BNB has hit a new all-time high of $857, with XRP and Solana also recording healthy gains. SOL, the native coin of the Solana blockchain, is up by more than 2% in the last 24 hours and now trades close to $200.

The positive performance comes as investors anticipate a Solana spot ETF in the coming months. Bitget Wallet CMO Jamie Elkaleh stated that,

“ETF conversations around SOL are further amplifying interest. With a more crypto-friendly regulatory tone emerging in the U.S., sentiment around both XRP and SOL remains constructive.”

According to market analysts, fundamentals are finally starting to align with Solana’s market structure. Liquidity is improving, and institutional flows are growing. The addition of spot ETF products would boost SOL’s adoption and push the price to new highs.

SOL could hit $250 soon

The SOL/USD 4-hour chart is bullish and efficient, with the market structure shifting to the upside. This shift suggests that SOL could be preparing for another leg up in the coming hours or days.

The technical indicators are also bullish. The RSI of 62 shows that SOL is bullish and could head into the overbought region soon. The MACD lines crossed over into the positive region, suggesting that buyers are in control.

SOL/USD 4-hour chart

If SOL’s daily closes above $195, it could hit the minor resistance level at $207 over the next few hours. An extended rally would allow it to approach the FVG around $225k before rallying to $250 for the first time since January. 

However, failure to close above the $195 region could result in a correction and push SOL lower to the $177 support level. If the bulls fail to hold this support level, SOL could dump further to the $157 low created on July 15.

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PancakeSwap jumps on 200% volume spike and Infinity launch

  • PancakeSwap (CAKE) price  rose 13% in 24 hours, fueled by activity in BNB Chain and the broader altcoin market.
  • Upside helped by a 200% spike in trading volume amid Infinity launch and new incentive campaign
  • If CAKE breaks the $3.30 resistance, bulls could eye $10.

PancakeSwap is looking to extend gains above a key level, with gains in the past 24 hours amid a 200% spike in trading volume.

The decentralized exchange’s PancakeSwap Infinity has sparked a frenzy of activity.

As Bitcoin bounced and BNB price spiked, CAKE has drawn traders and enthusiasts eyeing an opportunity as the platform expands.

PancakeSwap price gains double-digits

CAKE rose 13% in 24 hours, fueled by activity in BNB Chain and the broader altcoin market as BNB price jumped above $850. The catalyst for the latest price move looks to be the recent unveiling of PancakeSwap Infinity on the Base network.

Infinity is the decentralized finance platform’s modular framework, featuring customizable “Hooks” offering smart contract plug-ins. Developers and users can leverage the innovation for tailored liquidity pools, with key features including dynamic fees, rebate systems, and onchain limit orders.

Following its initial rollout on BNB Chain in April, the move to Base has coincided with the network’s total value locked.

CAKE is also gaining amid a new network incentive campaign.

“PancakeSwap is excited to launch a new trading campaign featuring five Binance Alpha Tokens on the BNB Chain: Bedrock (BR), MilkyWay (MILK), League of Traders, NodeOps (NODE), and Moonveil (MORE) Due to community feedback, the campaign has been extended! You now have extra time to participate and can earn a share of ~$250,000 in rewards by trading these tokens on PancakeSwap until August 5, 2025,” the DEX wrote in a blog post.

Details show the TVL has jumped to above $4.29 billion, up more than 33% year-to-date.

Interest in the Base deployment has seen the 24-hour DEX volume for PancakeSwap surge nearly 200% to over 4417 million. Per CoinMaketCap, CAKE’s market cap has increased to over $2.3 billion.

What next for CAKE price?

As of writing, PancakeSwap native token’s 13% gain over the last 24 hours puts it top of the list of gainers in this period. Crypto analyst CryptoBullfish shared the take below on CAKE and BNB:

CAKE’s 19% uptick in the past week also sees it rank in the top 10 – behind Ethena, Flare, Cronos and Story.

While BNB rode BNB Chain activity to break to a new all-time high above $850, PancakeSwap was eyeing fresh gains around $3.30. Should CAKE breach this critical resistance level, it could witness a bold push toward $5 and potentially $10.

On the contrary, support lies around $2.

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BNB hits a new all-time high, targets $900; Check forecast

Key takeaways

  • Binance’s BNB is the best performer among the top 10 cryptocurrencies by market cap, up nearly 8% in the last 24 hours.
  • The coin has hit a new all-time high of $857 and could be set to rally higher in the near term.

BNB trades above $850 as altcoins rally higher

The cryptocurrency market was bearish last week but has begun the new week in a bullish fashion. Bitcoin hit the $119k mark after slipping below $116k on Friday, while Ether is approaching the $4k psychological mark.

However, Binance’s BNB is the best performer among the top 10 cryptocurrencies by market cap. The coin added nearly 8% to its value in the last 24 hours to hit a new all-time high price of $857 a few minutes ago.

The positive performance comes as BNB continues to attract institutional interest thanks to Binance’s position as the leading cryptocurrency exchange in the world. BNB’s rally also indicates that altcoins are currently leading the market charge.

In addition to BNB, other leading altcoins, including Ether, XRP, Solana, Dogecoin, and Cardano, all added over 2% to their values in the last 24 hours.

BNB could extend rally to $900

BNB overtook Solana last week to become the fourth-largest cryptocurrency by market cap and looks set to extend its lead. With a market cap of $119 billion, BNB is nearly $40 billion away from third-place USDC.

The BNB/USD 4-hour chart is bullish and efficient, suggesting that BNB could be preparing for another leg up. The technical indicators are also bullish as buyers are currently in control.

BNB/USD 4H Chart

The RSI of 74 shows that BNB could be heading into the overbought region if the bullish trend continues. Meanwhile, the MACD lines have been in the positive zone for weeks now, suggesting a bullish bias.

If the rally continues, BNB could surge towards the $900 mark and set a new all-time high in the process. The $1k psychological level remains the medium-term goal for Binance’s native coin.

However, BNB might experience a correction following its recent rally. If that happens, BNB could retest the support and TLQ level at $841 over the next few hours. An extended selling pressure would see BNB drop to the weekend low of $795.

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Market update: Bitcoin rises after US-EU announce framework trade agreement

  • Bitcoin (BTC) traded above $119,430 Monday, up 1.24%, after a US-EU trade deal was announced.
  • The US-EU deal sets a 15% tariff, avoiding a threatened 30% rate, and includes a $600B EU investment pledge.
  • Bitcoin’s realized market capitalization crossed the $1 trillion threshold for the first time, per Glassnode.

Bitcoin (BTC) pushed higher in early Asian trading on Monday, trading above $119,430, as bullish momentum continued to build following a series of significant institutional milestones and a breakthrough trade agreement between the United of States and the European Union over the weekend.

A transatlantic truce: US and EU strike a deal

In a major development for global markets, US President Donald Trump and European Commission President Ursula von der Leyen announced a framework trade agreement at a summit in Turnberry, Scotland.

The deal sets a 15% US import tariff on EU goods, a significant de-escalation that averts a previously threatened 30% rate.

The agreement also includes a commitment for $600 billion in EU investment into US energy and defense sectors over the next three years, a move aimed at reducing Europe’s reliance on Russian fuel.

However, existing tariffs on steel and aluminum will remain at 50% for the time being.

This easing of transatlantic trade tensions has provided a positive backdrop for risk assets, including cryptocurrencies.

Bitcoin is up 1.24% in early Asian hours, and the CoinDesk 20 (CD20) Index, a broad measure of the largest digital assets, has risen 2.37% to 4,099.18, extending its recent recovery.

Bitcoin’s institutional bedrock deepens

The positive macro news comes as Bitcoin continues to consolidate its recent gains, holding steady above the $118,000 mark after hitting a new record high of $122,700 last week.

This powerful rally has triggered some predictable selling from long-term holders, while simultaneously drawing in new buyers and fresh capital, creating a dynamic market environment.

A key indicator of the market’s growing maturity and value was highlighted by on-chain analytics firm Glassnode, which reported that Bitcoin’s realized market capitalization had crossed the $1 trillion threshold for the first time.

This metric, which measures the total value of all Bitcoin based on the price at which each coin last moved on-chain, is seen as a more fundamentally grounded valuation than the simple market cap.

Further evidence of the massive scale of institutional activity came to light on Friday, when Galaxy Digital announced it had executed a staggering $9 billion BTC transaction on behalf of a Satoshi-era investor.

The sale, which involved 80,000 BTC, was reportedly part of an estate planning strategy and represents one of the largest single Bitcoin transfers in history.

The fact that the market was able to absorb this massive sale without a significant price downturn is seen by many as a testament to how much of the Bitcoin supply is illiquid, held tightly by long-term “HODLers.”

A market on the verge of a supply-shock rally, it seems, can readily absorb an extra $9 billion being placed up for sale.

As Bitcoin’s price has climbed, its dominance, which measures its market share relative to the total crypto market, has edged down slightly to 60.98%. This suggests a modest rotation of capital into altcoins as traders’ risk appetite grows.

The bullish sentiment is also being reflected in prediction markets. Polymarket bettors now give Bitcoin a 24% chance of hitting $125,000 before the end of July, an increase from 18% earlier in the week, as traders weigh the impact of these positive macro tailwinds and the growing on-chain conviction.

Broader Market Snapshot

  • ETH: Ether is trading at $3,867.76, up 3%, amidst strong on-chain fundamentals.

  • A significant 28% of the total ETH supply is now staked, balances on exchanges are at eight-year lows (indicating a preference for holding over selling), and new buyer inflows are on the rise.

  • Gold: In a classic “risk-on” move, gold is down for a fourth straight day, trading around $3,335 in early Asia.

  • Despite its impressive 28% year-to-date gain, recent progress on US–EU and US–China trade deals is reducing the immediate demand for safe-haven assets ahead of this week’s US Federal Open Market Committee (FOMC) meeting.

  • Nikkei 225: Asia-Pacific markets traded mixed on Monday, with investors also awaiting further details of ongoing US–China trade talks.

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