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☀️ Solana Liquid Staking To Surge 

Word On The Street: Solana-based liquid staking has the potential to grow over fivefold, driven by increasing retail adoption and the benefits it brings.

The details:

• Liquid staking allows investors to receive an equivalent of their staked tokens, which can then be used in DeFi, creating more flexibility for capital deployment.

• According to Bybit Research, this enhanced capital efficiency could lead to significant growth in Solana's liquid staking market.

• Solana’s liquid TVL stands at over $3.8 billion, indicating that a rise to $18 billion would represent a nearly fivefold increase in the market.

Why it matters: The increased flexibility and liquidity offered by liquid staking, compared to traditional staking where tokens are locked and can’t be used elsewhere, is expected to attract more retail investors to the Solana ecosystem.

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MicroStrategy adds 18,300 Bitcoin, now holds $14.14B worth of BTC. MicroStrategy’s $1.11 billion Bitcoin purchase was funded by selling over eight million company shares through a sales agreement.

Polymarket Bettors See 84% Chance of Donald Trump Starting His Own Token. The bump came as Trump said he would launch the family-helmed World Liberty Financial project on Monday.

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Reports from our analysts today:

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TRADERS CORNER
☀️ Solana Technical Analysis

Solana (SOL) is $132.22, positioning itself near the lower line of the Bollinger Bands. The price is testing the lower band, indicating a potential downside or a bounce-back toward the middle band.

Trend Analysis:

Solana is showing signs of a downtrend after a period of minor consolidation. The Bollinger Bands are widening, indicating increased volatility. The price is currently hovering near the lower band, suggesting a bearish bias.

The BBP (Bollinger Band Percentile) value of -0.79 is negative, suggesting that the recent downward momentum is strong, and the price is closer to the lower Bollinger Band than the upper.

Support and Resistance:

- Support: Immediate support lies near the lower Bollinger Band at $131.60, which also coincides with the recent sell-off levels. If the price breaks below this, the next support level is around $130.00.

- Resistance: The key resistance level to watch is $133.04, which aligns with the middle Bollinger Band. A breakout above this level could see further upside toward $134.47 or higher, should bullish momentum resume.

Scenarios:

- Bullish: If Solana can break above $133.04, it could potentially signal a short-term bullish reversal. A confirmed breakout with higher volume would likely see the price heading toward $134.47 and beyond.

- Bearish: On the flip side, if Solana fails to hold the $131.60 support level and falls further, it could revisit the lower range of $130.00. A break below this level would suggest further downside, with a potential drop to $128.00 or lower.

Solana is currently testing a critical support zone, with the price near the lower Bollinger Band. A move above $133.04 could indicate bullish recovery, while a drop below $131.60 would suggest further bearish movement. Traders should monitor volume and price action around these key levels to gauge the next trend direction.

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