Everybody Holds KursHOLD

$PHY why is go down hold or sell

Solana extended its winning streak with a 2% rise to $228, boosted by $20M inflows from Chinese fashion brand MOGU and a $5M BONK purchase by Nasdaq-listed Safety Shot. With a golden cross forming and RSI at 65, SOL eyes resistance at $240–$250 while holding key support near $217. Solana’s $SOL positive weekly timeframe performance continued with another 2% uptick on Thursday, sending SOL price above $228 for the first time since February 2025. The latest Solana price leg-up comes amid fresh capital inflows from a China-based fashion brand called MOGU. In an official press release, MOGU confirmed that its board of directors approved up to $20 million in allocations to digital currencies, primarily Bitcoin, Ethereum, and Solana, in a bid to diversify its treasury holdings. The corporate inflow from China shows that the corporate crypto adoption trend is accelerating among major US entities like Bitmine and Sol Strategies, and is taking on a global dimension. Notably, in another instance of corporate demand within the Solana ecosystem, Nasdaq-listed firm Safety Shot (SHOT) announced the formation of $BONK Holdings LLC to initiate a digital asset strategy. In terms of Solana price reaction, the 2% gains registered on Thursday were the lowest daily timeframe gain this week, having posted 4 consecutive days in profit since it opened trading at $200 on Sunday. This muted price uptick after two major cases of corporate inflows suggests some level of profit-taking may have dampened the bullish impact. Solana Price Forecast: Can Golden Cross Momentum Push SOL Toward $250? The Solana daily chart shows an active golden cross signal, with the 5-day moving average climbing above the 8-day and 13-day averages at the start of the week, a signal often associated with sustained bullish trends. Unsurprisingly, Solana price has registered 14% gains in 4 consecutive days since the golden cross formation. RSI is holding near 65, leaving room for further gains before hitting overbought territory. Solana price is trading at $226 at press time, well above the initial support seen around the 5-day average at $217. If SOL continues to consolidate above $220, the next target sits at $240 before a potential retest of $250, last reached in early January. On the downside, failure to hold the key support territory at $217 could shift momentum back toward $208, where the 13-day average provides secondary support. With Solana’s trading volume climbing 4% intraday, more than doubling the price uptick, speculative traders could be incentivized to enter more long positions to capitalize on the fresh corporate demand catalysts yet to be priced in.

$BTC bottom On this 29th August post I was telling you why I thought the 108k bottom was gonna hold. True that we went a bit below to test 107k, but what followed was textbook. We spent a few days below the macro trend, the same way as we did at 75k, but then recovered and off to the races. Same playbook now, "so strange". And the 4.55% mentioned ended up being the perfect resistance level before reversal. Good stuff.

$BTC has recovered and is back above $113,500. The next level to watch is $117,200, which also has a CME gap. Holding this level could open the way to a new all-time high. If it doesn’t hold, BTC may revisit the monthly lows.