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Filecoin (FIL) has been going through a significant downturn pressure for some time now. Today, data reported by market analyst Ali Martinez highlighted that the token is holding above a critical support level. This suggests that FIL might be on the verge of a significant price trajectory soon. #Filecoin $FIL is holding above a critical support level! pic.twitter.com/DZaZFiVE4p — Ali (@ali_charts) March 1, 2025 Filecoin holds support at $3.14-$2.9 Filecoin has been seeing significant declines over the past month. Today, Martinez posted on X that the asset is holding above crucial support levels that could decide its next major price movement. As per Martinez’s technical chart, FIL’s price is currently standing at $3.12. Its recent price actions show that the asset appears to holding firm around the key support levels of $3.14 and $2.9. For the past five days, Filecoin formed a bullish triangle pattern, which has been sustaining its price above the $2.9 support level to its current price near $3.12. The price stability around this zone reflects a buy activity by investors. This shows a potential buying opportunity around these areas where the market finds its support zones between $2.9 and $3.14. Those who are contributing to this bullish sentiment are whales and large holders who are buying massive amounts of Filecoin. If Filecoin could maintain its price above these support levels, it may trigger a further surge toward the resistance level at $3.55. FIL price updates Filecoin has been experiencing a difficult market environment over the past month, coinciding with the wider downtrend in the digital asset market. Its price has been down 32.0% over the past 30 days. Despite this slump, recent price actions show that Filecoin could be preparing to make a potential breakout from its ongoing downtrend. It has been displaying improvements indicated by a gradual decrease in its downturn. While the asset has been down by 8.7% over the past two weeks, it saw a price decline of 5.0% over the past week. Today, the asset is trading at $3.18 after seeing a rise of 2.4% over the previous day. This shows that the token is witnessing small recoveries as days unfold. However, for this recovery to show a true breakout, Filecoin must move above critical resistance levels. A rise to the resistance zone of $4.33 and $4.50 would suggest a change in trend, indicating that a breakout from the downturn could be imminent. Furthermore, its ability to maintain above the support level at $2.93 could further unfold uptrend prospects. The major factor behind Filecoin’s price jump is the buying pressure, which is gaining strength against selling. Heightened market participation, especially from whales and long-term holders, helps to maintain its price. Data from Coinalyze shows that Filecoin Open Interest (IO) has risen by 2.6% over the past 24 hours. The surge in OI shows that more traders are creating positions in the asset hoping for future price increases. This activity suggests investors’ confidence in the token’s long-term growth potential.

Tesla’s stock closed at $292.98 after a decline of $9.82 or 3.24% on the three-day chart. The session’s high reached $309.00, while the low touched $273.60. The overall trend remained bearish, with consecutive downward candles reinforcing selling pressure . A gray trendline extended from a previous peak, confirming a break below a support zone. Two red arrows labeled “A13” and “S13” indicated resistance levels earlier on the chart. A black upward arrow with the number “9” signaled a potential inflection point. The latest candle exhibited a long lower wick, indicating an attempt to recover intraday losses. The price action showed a series of lower highs and lower lows, maintaining the downward trend. No volume data appeared on the chart, but selling pressure intensified, leading to one of the sharpest declines. Key support emerged at $273.60, where buyers stepped in to prevent further losses. Resistance remained at $309.00, where the stock failed to sustain upward movement . The chart, sourced from TradingView, featured branding from ali_charts. The date on the chart was March 1, 2025. Tesla’s daily timeframe chart displayed a downward channel , marked by two parallel white lines. The price bottomed at $274 before rebounding, forming a local support level. A yellow circle highlighted a key price action area, marking a possible trend reversal. A blue curved projection indicated a potential upward movement, targeting $494 by mid-May 2025. A price breakout occurred near $292.98, marked by a yellow arrow. The previous consolidation zone, outlined in a white rectangular box, reflected a stabilization phase before the decline. The chart showed Tesla’s stock moving upwards, gaining 3.91% on the day. A green-shaded area represented a potential profit zone, while a red-shaded region signaled downside risk. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

The post Solana Price Prediction: Why Does This Analyst Believe Solana Is About to Hit $264 and Then Shoot for an ATH? appeared first on Coinpedia Fintech News Solana is showing signs of recovery and analysts are spotting an upward trend as buyers hold key support levels. If this momentum continues, there could be more growth. We’ll cover the predictions in detail below. We’ll also talk about PlutoChain ($PLUTO), a cutting-edge hybrid Layer-2 solution for Bitcoin that could make it more useful for everyday payments and new applications. Here’s what you need to know about these projects. Solana Price Prediction: Can Solana Reach $264 Soon and Push for a New All-Time High? Right now Solana is trading at around $190.37, down 2.13% in the last 24 hours. The price has ranged between $189.96 and $195.91 during this period. Solana’s current market cap is approximately $93 billion. Solana has been showing signs of recovery after a rough month and gaining some momentum in the past week. Analysts believe this uptrend could continue, with the potential for a significant price surge if key levels hold. Crypto expert Ali Martinez points out that Solana is following an upward trend within a parallel channel. This means that despite recent dips, the overall movement suggests steady growth. The price recently bounced off a key support level, which could indicate that buyers are stepping in to push it higher. If this trend continues and Solana breaks through resistance, it could climb even further. However, if it falls below the current support, the next major level would be crucial in determining whether the rally can continue. Another analyst GeryCat predicts that Solana will rise to at least $250, with an ideal target of $300. PlutoChain ($PLUTO) Is the High-Speed, Low-Cost Hybrid Layer-2 Solution That Could Turn Bitcoin Into a Scalable and Versatile Ecosystem With only about seven transactions per second and confirmation times that can stretch to 10 minutes or more, Bitcoin often feels too sluggish and expensive for small purchases or fast payments—especially when network congestion drives fees even higher. Fortunately, PlutoChain ($PLUTO) might be able to fix these issues. As a Layer-2 solution, it could make Bitcoin faster, cheaper, and more versatile. By processing transactions off the main Bitcoin chain, PlutoChain could reduce congestion and enable near-instant confirmations. With block times of just two seconds, it could turn Bitcoin into a practical option for everyday spending, cross-border payments, and microtransactions. Lower fees are another major benefit. Right now, Bitcoin’s high costs make sending small amounts impractical. PlutoChain could help cut transaction fees and make Bitcoin transfers more affordable for both individuals and businesses. But, PlutoChain isn’t just about payments. It’s Ethereum Virtual Machine (EVM)-compatible, meaning developers could build DeFi apps, NFT platforms, and other blockchain tools on top of it. This could unlock a whole new world of use cases for Bitcoin beyond just being a store of value. PlutoChain’s testnet has processed over 43,200 transactions in a single day, which showcases its ability to handle high demand and scale efficiently. Security is also a priority. PlutoChain has been audited by SolidProof, QuillAudits, and Assure DeFi to ensure a strong defense against vulnerabilities. It also introduces decentralized governance and allows users to vote on upgrades. This could give the community more control over Bitcoin’s future. With faster transactions, lower fees, and expanded functionality, PlutoChain could be the key to making Bitcoin more practical and powerful than ever before. Closing Thoughts Solana continues to climb on an upward trend. Analysts are optimistic about a potential breakout as buyers hold strong at key levels. Meanwhile, PlutoChain might tackle Bitcoin’s biggest challenge—scalability. With faster transactions, Ethereum compatibility, and decentralized governance, it could do more than just speed up Bitcoin. It could turn it into a versatile, community-driven ecosystem and expand its use beyond just an asset for holding wealth. ——- Disclaimer: It’s important to note that participating in presales carries risks, including market volatility and potential project delays. Please conduct thorough research, understand the risks of market volatility, and seek professional advice before engaging with any blockchain project. Future-oriented statements are speculative and may not be modified.

TL;DR The crypto market crash this week wiped out billions of dollars as every digital asset plunged hard. However, DOGE managed to remain north of a key support line on the daily scale. This suggests an upcoming rally, according to analysts, and a potential surge by triple digits. The massacre that took place within the past week was nothing short of mindblowing, and meme coins were hit the hardest. Recall that DOGE stood above $0.26 last Friday before the Bybit hack, Trump’s escalating trade war, and the overall market crash started to push it south hard. The culmination came a week later as the largest and oldest meme coin plunged to just over $0.18. This represented a 30% slump within the span of a week. Moreover, DOGE had dumped by 60% since the 2025 peak of $0.44. However, the asset didn’t spend much time below $0.19 and actually managed to reclaim it within hours. This is of particular significance as the $0.19 support line has been described multiple times as crucial for DOGE. If broken, it could result in a price drop to $0.06, which would essentially invalidate the entire bull market narrative. In contrast, a rebound from it could mean a surge to $0.5, as Ali Martinez and other analysts noted on X. To do so, though, DOGE has a long way to go as it needs a 150% surge from this point on in a time when all the hype in the crypto market has evaporated. Still, Dogecoin has proven before that it is able of spectacular price rises in relatively short times. #Dogecoin $DOGE holds above a critical support level! pic.twitter.com/jDNo5aoAdw — Ali (@ali_charts) March 1, 2025 The post Good News for Dogecoin (DOGE) Investors: Is $0.5 Still in Play? appeared first on CryptoPotato.

TL;DR According to Ali Martinez, SHIB could find support at as low as $0.0000094. However, a breakout above $0.00001461 could trigger bullish momentum and a 230% price rally. SHIB’s Freefall Could Stop Here The meme coin sector has suffered painful losses following the overall crypto market crash in the past few days. The second-largest asset of that type – Shiba Inu (SHIB) – was among the worst affected, with its price plummeting by 16% weekly and 10% daily. SHIB Price, Source: CoinGecko Its market capitalization plunged below $7.7 billion, meaning the asset is now out of crypto’s top 20 club. As expected, the downtrend has negatively affected SHIB’s investors. According to IntoTheBlock’s data, the share of people sitting at paper losses has surged past 60%. One person touching upon SHIB’s recent performance was Ali Martinez. The analyst assumed that the price of the meme coin could decline to $0.000012 or $0.0000094 before finding support. The second level represents a 30% decline from the current rate. Another industry participant who chipped in on the matter was the X user Rose Premium Signals. They envisioned a bullish momentum if SHIB breaks above $0.00001461. The analyst predicted that reclaiming the target could lead to a price rally to as high as $0.00004401 (a 230% increase from the ongoing valuation). More Pain Ahead? Two important factors signal that SHIB bears might continue to prevail in the short term. The first is the reduced Shibarium activity. At the beginning of the month, Shiba Inu’s layer-2 scaling solution processed multi-million transactions on a daily scale, but in the past few weeks, this figure has shrunk substantially. This suggests decreased interest in the network’s applications, such as decentralized finance (DeFi), NFT projects, or gaming platforms. For its part, this could lower demand for SHIB tokens and reduce the buying pressure. The next factor is Shiba Inu’s burning mechanism. The burn rate has dropped by 16% in the last 24 hours, resulting in around 25 million tokens sent to a null address. The program’s ultimate goal is to reduce the tremendous circulating supply of SHIB, possibly making the asset more valuable via scarcity. However, stalled progress could hinder that mission. The post Shiba Inu (SHIB) Might Plunge by Another 30% Before Finding Support (Analyst) appeared first on CryptoPotato.