• Topcaller.sol makes cash from meme cash and has a win price of 0.13%.
• SOL expects costs to rise sharply regardless of a month-long bearish pattern.
• Technical indicators are pointing to sturdy bullish momentum for SOL.

In an indication of threat and reward, an investor referred to as topcaller.sol made massive income by buying and selling meme cryptocurrencies, colloquially referred to as “meme cash.” Since April ninth, topcaller.sol has invested in his 5,417 meme cash, with every buy averaging 0.215 Solana (SOL).

This method yielded important returns, with seven of those investments attaining a return on funding (ROI) of over 1000%, reaching a complete revenue of 290 SOL. In line with Lookonchain, a profitable buying and selling technique on topcaller.sol is comparable to purchasing a lottery ticket, with decrease odds of profitable however greater potential returns. The info additional reveals that solely 0.13% of MEMEcoin purchases resulted within the aforementioned excessive income.

SOL worth motion

Regardless of being in a bearish pattern over the previous month, Solana (SOL) witnessed a major rally at the moment, Could sixth, bringing a wave of optimism to the market efficiency. This surge displays broader bullish sentiment throughout world crypto markets, with SOL’s worth rising considerably over the previous 24 hours.

On the time of writing, SOL token is buying and selling at $152.61, up 4.55% from the day past. With this worth improve, Solana's market capitalization elevated by 5.46% to $69.03 billion.

Nonetheless, the state of affairs is completely different when taking a look at transaction quantity, which decreased by 32.21% to $1.98 billion. This lower in buying and selling exercise suggests buyers are taking a cautious method as SOL approaches a key resistance stage at $159.

On the 4-hour chart, SOL token is displaying sturdy upward momentum because it approaches the $159 resistance stage. If this bullish pattern continues within the brief time period, SOL worth couldn’t solely escape of this primary resistance stage but in addition transfer greater in direction of the following key resistance stage at $176.12.

Conversely, if the SOL token encounters a decline and breaks via the 50% Fibonacci retracement stage, the value may retest the $144.84 assist earlier than making an attempt to recuperate in direction of resistance. Failure to carry this assist stage may result in additional declines, with the value probably falling in direction of the $135 assist zone and risking additional declines.

Technically, the Shifting Common Convergence Divergence (MACD) indicator helps this bullish outlook. Situated at 3.20, the MACD line is pointing upwards above the sign line, suggesting bullish momentum is rising. That is additional supported by the widening of the inexperienced bar on the MACD histogram, indicating a strengthening of this uptrend.

On the identical time, the Chaikin Cash Move (CMF) indicator is 0.12, indicating energetic capital inflows into the market. This means elevated shopping for stress and will additional assist the value's upward trajectory.