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The crypto market bounced back during the weekend as investors reacted to the latest US consumer inflation report, which showed that prices rose at a slower pace than expected in January. Bitcoin price jumped to $70,000, while the market capitalization of all coins rose to over $2.4 trillion. 

This article provides a forecast for some popular tokens like Pi Network (PI), Pepe Coin (PEPE), and Dogecoin (DOGE).

Pi Network price prediction: Technical analysis 

Pi Coin price has rebounded in the past few days, moving from a low of $0.1280 last week to the current $0.20, its highest level since January 19. It has jumped by 50% from its lowest level this year, making it one of the top coins in the crypto industry.

Pi Network price rebounded as the developers pointed towards an upcoming network upgrade that will happen today, February 15, and others that will happen soon.

The token has also rebounded after it was added to Kraken’s listing page, meaning that it may be added this year. Such a move would be a major one as Kraken is one of the biggest crypto exchanges in the industry.

READ MORE: Pi Network Price Prediction After the $17 billion wipeout

Pi Network price has also rebounded as it nears the first-year anniversary of its mainnet launch. It has now moved above the 50-day Exponential Moving Average (EMA), while the Relative Strength Index (RSI) has jumped to 65.

The Average Directional Index (ADX) has risen to 62, a sign that the bullish momentum is accelerating. It is also nearing the important resistance level at $0.200.

Therefore, the most likely Pi Network price prediction is bullish, with the next key target level to watch being at $0.2170, its highest level in December last year.

Pi Coin price chart |Source: TradingView 

Pepe Coin price prediction

Pepe, the top meme coin on the Ethereum network, has staged a strong rebound in the past few weeks, moving from a low of $0.0000031 on February 6 to the current $0.0000050 today. It has moved to the highest level since January 28.

The coin rebounded after forming a double-bottom pattern at $0.0000036 and a neckline at $0.0000072, its highest level in January this year. It rebounded after forming a falling wedge pattern, which is made up of two descending and converging trendlines.

The Relative Strength Index and the Percentage Price Oscillator (PPO) have continued rising, with the lines forming a bullish crossover pattern. 

Therefore, the token will likely continue rising as bulls target the next key resistance level at $0.0000072, its highest level in January, which is about 45% above the current level. A drop below the key support level at $0.00000036 will invalidate the bullish outlook.

Pepe Coin price chart | Source: TradingView 

Dogecoin price prediction 

Dogecoin price has rebounded in the past few weeks, moving from a low of $0.07963 in February to the current $0.1145, its highest level in January this year.

The token has formed a descending channel and is now trading at the 50-day Exponential Moving Average. Also, the two lines of the PPO indicator have made a bullish crossover pattern, while the Relative Strength Index has moved above the neutral point at 50.

DOGE price chart | Source: TradingView

More gains will be confirmed if the Dogecoin price bounces back above the upper side of the descending channel. Such a move will lead to more gains, potentially to the key resistance level at $0.1545.

The post Crypto price predictions today: Pi Network, Pepe Coin, Dogecoin appeared first on Invezz

Fastly stock price surged to its highest level since February 2024 as the company’s recovery accelerated. FSLY jumped to a high of $18.25, up by over 273% from its lowest level in 2025 as its turnaround gained steam. This recovery has pushed its market capitalization to over $2.7 billion.

Fastly stock has rebounded as the turnaround continues

Fastly is a top software company offering solutions to thousands of websites globally, such as Financial Times, Stripe, Wayfair, Guardian, and Airbnb.

The stock has rebounded in the past few days as the recent financial results showed that its business continued growing in the fourth quarter of last year.

Fastly’s revenue rose by 23% to $172.6 million, while its gross margin jumped to a record high of 61.4%. This revenue growth mirrored that of Cloudflare, a similar company that offers DNS solutions to thousands of companies.

Fastly’s annual revenue jumped to $624 million, while the Remaining Performance Obligations (RPO) jumped by 55% to $354 million. 

Most notably, the company boosted its forward guidance and now expects that its revenue will be between $168 million and $174 million, up by 18% YoY. It expects that the annual revenue will be between $700 million and $720 million, up by 14% YoY.

Fastly is benefiting from the ongoing demand from artificial intelligence (AI), with more companies using its platform to provide security to these companies. It is also benefiting from the ongoing growth of its total addressable market (TAM), which has jumped to over $22 billion.

Wall Street analysts have started boosting their Fastly stock targets. For example, Citigroup boosted its target from $10 to $13, while Royal Bank of Canada hiked the target to $12. DA Davidson and Piper Sandler analysts boosted their targets to $13 and $14. 

Therefore, the average estimate among all analysts covering the company is $12, much lower than the current $18. That is a sign that most analysts expect it to retreat in the coming months.

A likely reason for this is that analysts believe that the company is highly overvalued. For example, Fastly has a forward revenue growth of 11% and a net income margin of minus 19.5%, giving it a rule-of-40 metric of minus 8%. A negative rule-of-40 metric is a sign that a company is focusing on growth at the expense of its profits.

FSLY stock price technical analysis 

Fastly stock chart | Source: TradingView 

The weekly timeframe chart shows that the Fastly stock price has remained in a tight range in the past few months. It has remained between the key support at $5.04 and $25 since 2022.

The stock then rebounded recently, moving from to its highest level since February 2024. Its consolidation was part of the accumulation phase of the Wyckoff Theory.

Therefore, the stock may continue rising as bulls target the upper side of the range, potentially to the key resistance level at $25.50. A move above that level will point to more gains, potentially to the 23.6% Fibonacci Retracement level at $36.

The post Fastly stock price has soared: does it have more upside? appeared first on Invezz

Coinbase stock price continued its freefall this week as the crypto exchange released its financial results. COIN plunged to a low of $141 on Friday, its lowest level since February 2024. It has plunged by 68% from its all-time high.

Coinbase business deteriorated in the fourth quarter 

The COIN stock price remained under pressure after its financial results provided more color on its business amid the ongoing crypto market crash.

Financial results showed that its transaction revenue tumbled in the fourth quarter to $982 million, down sharply from the $1.5 billion it made in the same period last year.

This decline was partially offset by a jump in its service and subscription revenue, which rose from $641 million to $724 million.

Coinbase’s annual revenue came in at $6.88 billion in 2025 from the $6.2 billion in the previous year.

These numbers meant that Coinbase’s diverse business model helped it reduce its weakness during the quarter.

For example, its stablecoin revenue jumped to $364 million from the previous $225 million. Most of this revenue came from its soaring USDC holdings.

Coinbase also reported a big loss as its expenses jumped and the valuation of its crypto holdings, like Ethereum and Bitcoin, slipped. Its operating expenses jumped to over $1.5 billion, up from $.27 billion in the same period last year. Annual expenses jumped to over $5.7 billion.

Coinbase revenue and profits to retreat 

Wall Street analysts believe that Coinbase will remain under pressure in the foreseeable future as the crypto market crash gains steam. Bitcoin price has dropped by about 50% from its all-time high, while the market capitalization of all coins dropped from a record high of $4.3 trillion to $2.3 trillion.

Worse, some analysts believe that Bitcoin has more downside to go before bouncing back eventually. In a note on Thursday, Standard Chartered analysts lowered their estimate for the stock from $150,000 to $100,000. They warn that the coin will drop to $50,000 this year.

Coinbase stock always drops whenever the crypto market is in a strong freefall. That’s because a Bitcoin price crash often leads to more weakness among other crypto prices. Therefore, there is a likelihood that its business will come under pressure in the first quarter.

The average estimate is that its first-quarter revenue will be $1.88 billion, up by 408% YoY, mostly because of its recent acquisition of Deribit, a top company in the futures market. They expect the second quarter revenue to come in at $2 billion, down by 70% YoY.

Wall Street analysts are bearish on the company, with analysts at HC Wainwright slashing the estimate from $425 to $350. Compass Point slashed the target to $220 and downgraded the rating to sell.

Coinbase stock price technical analysis 

COIN stock chart | Source: TradingView

The weekly timeframe chart shows that the COIN stock price has come under pressure in the past few months, moving from $450 in July last year to the current $140. It has plunged below the key support level at $143, its lowest level in September 2024 and April last year.

The stock has plunged below all moving averages and is along the lower side of the Bollinger Bands. Also, the stock is approaching the ultimate support level of the Murrey Math Lines tool.

It is also approaching the 61.8% Fibonacci Retracement level at $191. Also, the Relative Strength Index (RSI) and the Stochastic Oscillator have continued falling.

Therefore, the stock will likely continue falling as sellers target the important support level at $100. 

READ MORE: Coinbase launches AI agent wallets for autonomous blockchain transactions

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Hong Kong stocks came under pressure on Friday, with the Hang Seng Index falling for the second consecutive day, reaching its lowest level since February 6 this year. It retreated to a low of H$26,550, down sharply from the year-to-date high of H$28,000.

Hang Seng Index crashed as global equities dipped 

The Hang Seng Index continued its recent downward trend, mirroring the performance of US and Canadian equities.

The TSX Composite dropped by over 2.3%, while the Nasdaq 100 and S&P 500 indices fell by over 0.50%. Other global indices like Brazil’s Ibovespa, ASX 200, and Shanghai also dropped. It is common for Asian stocks to dive after weakness in the US equities market.

US stocks dropped on Thursday after a report released on Wednesday showed that the labor market strengthened in January. The economy added over 130,000 jobs in January, while the unemployment rate retreated to 4.3%.

The strong jobs numbers mean the Federal Reserve will likely hold interest rates steady for longer than expected. 

In separate statements, Lorie Logan and Beth Hammack insisted that the bank will not cut interest rates soon, as inflation has remained above the 2% target.

The next important catalyst for the stock market will be the upcoming US consumer inflation report, which will come out on Friday.

Economists polled by Reuters expect the upcoming report to show that the headline Consumer Price Index (CPI) retreated to 2.5%, while the Core CPI dropped to 2.6%.

READ MORE: AMD stock tumbles 3%: analysts say market is missing this key catalyst

Top movers in Hong Kong 

Most companies in the Hang Seng Index were in the red on Friday. Zijin Mining Group, a top gold mining company, dropped by nearly 5% even as gold continued its strong uptrend.

China Life Insurance, Xinyi Solar, Meituan, China Petroleum & Chemical, Baidu, and AIA were down by over 3.5%. Other top laggards in the index were companies like PetroChina, CNOOC, Ping An Insurance, and Li Auto.

On the other hand, some of the top gainers were companies like Haidilao International, Lenovo, China Unicom, and Innovent Biologics.

Hang Seng Index technical analysis 

The daily timeframe chart shows that the Hang Seng Index has rebounded in the past few months. It rebounded after the index found a strong support level at $25,185, its lowest swing in October, November, and December last year. 

It peaked at a high of H$28,000 in January this year and then pulled back to the current $26,550.

A closer look shows that it remains above the 100-day Exponential Moving Average (EMA) and the Supertrend indicator. 

Also, the index has formed a megaphone chart pattern, which is a common bullish continuation sign. This pattern is made up of two ascending and diverging trendlines and is now on the lower side.

Hang Seng Index chart | Source: TradingView

Therefore, there is a likelihood that the index will rebound in the coming sessions. If this happens, it will likely retest the upper side of the wedge at $28,000.

On the other hand, a drop below the 100-day moving average at $25,590 will invalidate the bullish outlook.

READ MORE: Why Tesla stock is tanking around 3% on Thursday

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The CAC 40 Index jumped to a record high this week as some top companies like Kering, TotalEnergies, Dassault Systèmes, Hermes, L’Oréal, Safran, and Capgemini published their financial results. It jumped to an all-time high of €8,427, much higher than the year-to-date low of €7,985. This article explores some of the top CAC 40 shares to watch this week.

CAC 40 Index chart | Source: TradingView

Airbus (AIR)

Airbus stock price has retreated sharply in the past few weeks, moving from a high of €221 in January to the current €190. This retreat means that it continued to underperform Boeing, which is hovering near the year-to-date high of $255.

Airbus share price will be in the spotlight next week as the company publish their financial results on Thursday. These numbers come after the company won an order of 8 Airbus A350-1000 models from Air Canada.

The upcoming results will provide more color on its business. Its recent results showed that the company made over €47.4 billion in the first nine months of the year, while its EBIT moved to €3.4 billion. Its backlog jumped to 8,665.

READ MORE: Will the Airbus share price rebound after the A320 recall?

Danone

Danone will be one of the top CAC 40 Index stocks to watch next week as it releases its financial results on Friday. These results come as the stock attempts to rebound after plunging to a low of €63.54. Its stock remains much lower than the year-to-date high of €80.

The results come as the company faces some major challenges, including in its infant formula business. It issued a major recall recently following similar moves by other companies like Nestlé and Lactalis. The results will provide more color on its business.

Its most recent results showed that its sales rose to €6.8 billion and affirmed its forward guidance.

Renault (RNO)

Renault stock price has retreated sharply in the past few months, moving from a high of €50 in February 2025 to the current €32. It is hovering near its lowest level since January 2024.

Renault will be in focus next week as it releases its financial results on Thursday. These results will provide more information about its business.

The most recent results by other automakers showed that their financial results weakened recently as their pivot to the electric vehicle industry flopped. Stellantis, the parent company of Chrysler and Jeep, announced a big writedown. 

Similarly, Mercedes-Benz announced a significant retreat in profits as it contended with Donald Trump’s tariffs. It also warned of a major hit in its Chinese business as competition rises.

More CAC 40 Index companies will release their financial results next week. Orange, a major telecom company, will release its numbers on Wednesday.

Pernod Ricard, Accor, Valeo, and Air France will release the numbers on Thursday, while Air Liquide will release the numbers on Friday.

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The FTSE 100 Index remained in a tight range near its all-time high as top British companies like Barratt Redrow, AstraZeneca, BP, and Barclays published their financial results. 

It also wavered after the Office of National Statistics (ONS) published the relatively weak GDP report on Thursday. There were also concerns that Prime Minister Keir Starmer would resign because of the ongoing Epstein crisis. This article explores some of the top FTSE 100 Index shares to watch next week.

Rio Tinto (RIO)

Rio Tinto share price has been in a strong bull run in the past few months, moving from a low of 3,940p in April last year to a high of 7,425p this year. This rally happened as commodity prices continued their strong uptrend, with copper trading at a record high.

Rio Tinto will be in the spotlight next week as the company publishes its financial results on Thursday. Its results will likely shed more light on its business after the failed merger with Glencore. As a result, the company will shed more light on how it will continue its growth past 2030. Also, its results may be impacted by higher tariffs on aluminum.

Glencore (GLEN)

Glencore stock price has wavered in the past few weeks as investors reacted to the failed acquisition by Rio Tinto. It was trading at 495p on Friday, down by 7.45% from the year-to-date high. It remains about 147% above its lowest level in 2025.

Glencore stock will also be in the spotlight as investors react to the upcoming financial results on Wednesday next week. The most recent production report showed that its volume jumped. 

For example, its copper production in the second half of the year rose by 48% to 507kt, while zinc rose by 8% to 504kt. Other metals like silver, chrome ore, and coal also continued rising in the second half.

Other top mining companies that will publish their results next week are Anglo American and Antofagasta.

BAE Systems (BA)

BAE Systems share price has pulled back in the past few days, moving from a high of 2,158p in January to the current 1,920p. This retreat mirrored that of other top defense contractors like RTX and Lockheed Martin.

BAE A, a top British defense contractor, will release its financial results on Wednesday next week. These results come a few days after the company won a $145 million Air Force counter-drone contract from the US Air Force. It also won another US Army contract from the US Army.

Centrica (CNA)

Centrica share price continued its strong upward trend this year, reaching a high of 195p, its highest level since September 2014. It has jumped by 610% from its lowest level during the pandemic.

Centrica, the parent company of British Gas, Centrica Energy, Bord Gais, and Centrica Business Solutions, will be in the spotlight as it releases its financial results on Tuesday next week.

The most recent results showed that its business remained under pressure in the first six months of the year. Its EBITDA dropped to £900 million from the £1.47 billion it made in 2024. Its operating profit tumbled to £549 million, while its free cash flow dived to £244 million.

The other top FTSE 100 Index companies to watch next week will be Lloyds Bank, Mondi, InterContinental Hotels Group, Coca-Cola Europacific, Segro, and TBC Bank.

READ MORE: FTSE 100 Index nears £10,500 thanks to these blue-chip shares

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The DAX Index has remained in a tight range in the past few weeks as investors reacted to the European Central Bank (ECB) interest rate decision and top earnings. The index was trading at €24,855, down slightly from the year-to-date high of €25,500.

Top DAX Index companies published mixed results 

German companies reported some mixed financial results on Thursday. Mercedes-Benz, a top manufacturer known for premium vehicles, published mixed financial results. 

Its results showed that its margins remained under pressure as it grappled with tariffs and the rising competition in key markets, especially in China. The company also proposed cutting its dividends from €4.30 to €3.50. Its stock has dropped by nearly 7% from its highest level this year.

Automakers have been grappling with elevated tariffs and the rising competition from new brands from Chinese companies like BYD, Nio, XPeng, and Li Auto that continue gaining market share in China and Europe.

At the same time, their entry into the electric vehicle industry to compete with top names like Tesla is not working out. On Friday last week, Stellantis announced a big write down, citing its electric vehicle business.

Meanwhile, Siemens, a top industrial and automation company, published strong financial results and boosted its guidance. Its revenue growth accelerated because of the rising demand for automation and electrification  

The company’s profit in its Digital Industries unit, which makes factory software and automation, rose by 37%, with China being its top gainer.  Siemens first quarter orders jumped by 10% to €21.4 billion, with its profit in the industrial business rising by 15% to over €2.9 billion.

Siemens stock has done well in the past few months as industrial production has improved in some key markets in Europe, the United States, and China. Its stock jumped by 58% from its lowest level in April last year, partially helped by its Dotmatics and Altair acquisitions.

Thyssenkrupp’s stock price has soared by over 525% from its lowest level in September 2024 and is hovering near its highest level since 2018. The company published relatively strong financial results and affirmed its full-year outlook despite rising restructuring costs. 

It now expects that its adjusted earnings before interest and taxes will be at least €500 million, with its cash outflow being less than €600 million. Still, the company faces major challenges, including weak demand from European automakers.

More DAX Index companies will publish their financial results later this month. MTU Aero Engines and Fresenius Medical Care will publish their results on February 24, while Bayer, Heidelberg Materials, E. Allianz, Deutsche Telecom, and Munich Re will release their results later this week.

DAX Index technical analysis

DAX Index chart | Source: TradingView 

The weekly timeframe chart shows that the DAX Index has been in a strong uptrend in the past few years. It jumped from a low of €12,000 in October 2022 to a record high of €25,500.

The index has constantly remained above the 50-week Exponential Moving Average (EMA). It has formed an inverted head-and-shoulders pattern, a popular bullish continuation sign.

The index will likely continue rising as bulls target the next key resistance level at €26,000. This view will be confirmed if it moves above the key resistance level at €25,500, the highest swing in January.

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The FTSE 100 Index continued its strong bull run and is slowly approaching the important milestone of £10,500 as most companies continued soaring. It has soared in the last two consecutive weeks and is now sitting at a record high. It has soared by almost 40% from its lowest level in April 2025.

Top FTSE 100 Index shares have soared this year 

The FTSE 100 Index has been in a strong uptrend this year, helped by the strong performance of mining companies and those in other areas.

Beazley stock price jumped by over 46% this year, making it the best-performing company in the FTSE 100 Index. It has jumped because of the recent buyout by Zurich, a top Swiss insurance giant.

Mining companies like Glencoe, Rio Tinto, Anglo American, Endeavor Mining, and Antofagasta are among the best-performing companies in the index this year.

These companies have soared because of the ongoing commodity supercycle that has pushed top assets like copper, gold, and silver to record highs this year.

Glencore and Rio Tinto shares have jumped even after the two companies ended their mega merger after disagreeing on price and future management.

Coca-Cola share price jumped by 20% this year, continuing an uptrend that has been going on for years. The company published strong financial results earlier this week as demand for its products soared.

The other top gainers in the FTSE 100 Index this year were companies like Marks and Spencer, GSK, National Grid, Vodafone, and Centrica.

On the other hand, most of the top laggards in the FTSE 100 Index has been because of the ongoing fear that artificial intelligence will disrupt some major industries. RELX, a company offering information-based analytics and decision tools for professional and business professionals, has crashed by 33% this year. 

Experian, Sage Group, and the London Stock Exchange have dropped by over 18% as concerns emerge that some AI tools will disrupt the information and software industry. Still, as we wrote on this report on St. James Place, there are signs that this fear is overblown. This explains why Elliot Management has accumulated a strong stake in LSEG.

Entain, the parent company of Bwin, Ladbrokes, and Coral, has crashed by over 22% this year, mirroring the performance of other companies in the betting industry like Flutter and DraftKings as concerns about disruption by the prediction markets.

The FTSE 100 Index has done well because of the ongoing corporate earnings, which have been relatively strong. Some of the top companies that published strong numbers were Lloyds, Barclays, and AstraZeneca.

Footsie 100 Index technical analysis 

The weekly timeframe chart shows that the FTSE 100 Index has done well in the past few months and is now hovering at its all-time high. It has remained above all moving averages and the ascending trendline that connects the lowest swings since June last year.

The index has moved above the Supertrend indicator, while the Percentage Price Oscillator (PPO) has remained above the zero line since May last year.

Also, the Relative Strength Index (RSI) has continued rising, while the Supertrend indicator has remained in the green zone.

FTSE 100 Index chart | Source: TradingView

Therefore, the index will likely continue rising as bulls target the next key target level at £11,000.  This view will be confirmed if it moves above the key resistance level at £10,500.

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Rolls-Royce share price popped by over 1% on Thursday as investors bought the recent dip after it launched its new modular gas engine power plants. RR jumped to a high of 1,260p from the year-to-date low of 1,190p.

Rolls-Royce Holdings stock rises ahead of earnings 

Rolls-Royce share price has been in a strong upward trend in the past few years, moving from a low of 34p during the pandemic. The company has done well in this period as demand for its products and services across its three businesses soared.

Rolls-Royce has benefited from the ongoing boom in the civil aviation industry, where most airlines have fully recovered from the COVID-19 pandemic. Its top clients are companies like Delta Airlines, Emirates, Cathay Pacific, British Airways, and Singapore Airlines.

The company’s other businesses are also doing well, with its power segment benefiting from the ongoing artificial intelligence (AI) boom. Also, it is benefiting from the ongoing renaissance of the European defense industry.

The most likely catalyst for the company is that it launched a new modular solution for gas engine power plants that will provide security of supply and accelerate the implementation of the German government’s power business. These power generation plants are available for backup and compensate for fluctuations in the feed-in from wind and solar.

The next major catalyst for the company is its upcoming financial results, which will provide more color on its performance in the second half of the year.

The most recent results showed that the company’s business did well in the first half of the year. Its revenue jumped to £9.07 billion in the first half of the year, while its operating profit jumped to £1.7 billion, while its free cash flow soared to £1.58 billion.

The management believes that the company’s business continued doing well in the second half of the year. Its last trading statement showed that its operating profit will be between £3.1 billion and £3.2 billion, while its free cash flow rose to between £3 billion and £3.1 billion.

Signs are that the company will publish stronger-than-expected financial results. A good example of this is General Electric Aerospace, its biggest competitor, which published strong financial results and boosted its forward guidance. GE Aerospace is Rolls-Royce’s biggest competitor.

Rolls-Royce share price technical analysis 

RR stock price chart |Source: TradingView 

The daily timeframe chart shows that the Rolls-Royce stock price has done well as its business has continued booming after the pandemic.

It jumped to a record high of 1,307p in January and then pulled back to a low of 1,186p. It has remained above the 50-day and 100-day Exponential Moving Averages (EMA), a sign that bulls are in control. It also remains above the Ichimoku cloud and the Supertrend indicator.

A closer look shows that it has formed a bullish flag pattern, which is made up of a vertical line and a descending channel. It has moved above the upper side of the channel, validating the pattern.

Therefore, the stock will likely continue rising ahead of its financial results, which are scheduled on February 26. A move above the year-to-date high of 1,307p will point to more gains, potentially to the key level at 1,500p.

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Solana price continued its strong downward trend, even after Goldman Sachs announced a stake in SOL ETFs. SOL token retreated to $80, down sharply from the all-time high of $294. It has retreated for five consecutive weeks, erasing billions of dollars in value  

Goldman Sachs has invested in Solana

Goldman Sachs, a top Wall Street company, announced that it had invested in Solana and other cryptocurrencies. Its report showed that it holds Solana ETFs worth over $108 million, making it one of the biggest holders in Wall Street. 

Also, it holds Bitcoin ETFs worth over $1.2 billion, $1 billion in Ethereum, and $153 million in XRP. This is important as Goldman Sachs is one of the biggest players in Wall Street.

Data shows that spot Solana ETFs have over $700 million in assets, meaning that it holds about 15% of all Solana ETF net assets.

There are several reasons why Goldman Sachs has invested in Solana. First, Solana is one of the biggest players in the crypto industry and is the largest competitor to Ethereum. It has become a major player in the decentralized finance (DeFi), Real-World Asset (RWA) tokenization industry.

Second, Solana’s network has continued growing in the past few months. Its transaction count rose by 55% in the last 30 days to over 2.65 billion, much higher than other top chains like Ethereum, BNB Chain, Tron, and Avalanche.

Solana’s active addresses have continued soaring in the past few months, reaching a high of 118 million in the last 30 days. The active address is much higher than the other top chains, combined. For example, Ethereum had over 15.3 million active addresses, while BNB Chain had 42 million and Tron had 16.5 million.

SOL active addresses | Source: Nansen

This growth trajectory has pushed its network fees higher, with its collection rising to over $26 million in the last 30 days, much higher than Ethereum’s $20 million and BNB Chain’s $18 million.

Solana’s growth has happened because of its role in the decentralized exchange (DEX) industry, where companies like Pump.fun, Meteora, and  Jupiter are some of the biggest players. 

Solana has also become a major player in the RWA industry, where it holds over $1.24 billion in assets. Its 30-day transfer volume in RWA jumped to over $2.03 billion. 

Additionally, the stablecoin market capitalization rose to over $16.17 billion, while the transaction volume in the last 30 days soared to over $1.01 trillion. 

Solana price prediction: Technical analysis 

SOL price chart | Source: TradingView 

The weekly timeframe chart shows that the SOL price has come under pressure in the past few months, moving from a high of $294 in January last year to the current $80.

The coin has moved below the important support level at $95, the neckline of the head-and-shoulders chart pattern. It has already moved below the neckline, a trend that may continue in the near term.

Solana price has also moved below the 50-week and 100-week Exponential Moving Averages (EMA), while the Average Directional Index (ADX) has jumped to 28, its highest swing since July 29.

Therefore, the coin will likely continue falling in the near term as sellers target the next key support level at $70, the 78.6% Fibonacci Retracement level.

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