$SOL A bullish divergence on SOL weekly timeframe is a strong signal, but it doesn't reverse the market by itself. It points to seller fatigue and an increasing probability of a reversal.
Memento Research analyst Ash said that a data-mining review of Binance listings suggests token allocations for new listings rarely exceed 5% of total supply. Large, high-FDV projects typically allocate less than 1%, while mid-sized projects allocate more, mainly for user incentives and liquidity support. Ash noted that these token allocations paid to CEXs effectively flow back to users and ecosystem programs.
U.S. CPI surprised to the downside, with headline inflation at 2.7% YoY (vs. 3% expected) and Core CPI at 2.6%, its lowest level since March 2021.
Bitcoin jumped from $86K to $88K and now and all the crytpto market gained more than did loose on the 4 hours levels but according to my simple analysis, I think that between all altcoins, #Solana will be the one to bet on to surf the wave before other.
$SOL Blockchain still the leader on the DEX levels ahead of ethereum and Bnb chain both on the 24hr & 30 day levels.
If we take the ETFs, the #SOL ETF still recording positive net inflows despite the price volatility with a net inflow of $10.99M on Dec 17.
Third most important is the integration of solana on the coinbase app. #Altcoin Season#
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