Solana Is Bouncing Back but Investors Are Still Moving Funds Into 1Fuel as a Safer Long-Term Play
The post Solana Is Bouncing Back but Investors Are Still Moving Funds Into 1Fuel as a Safer Long-Term Play appeared on BitcoinEthereumNews.com.
February has been a reminder than winter can be harsh, with many coins being left out in the cold and facing a huge challenge to reclaim lost ground as we move deeper into Q2. Luckily for Solana, it is showing signs of rebounding falling a torrid couple of days. A low point of 17% losses triggered by President Trump’s spontaneous trade tariffs looks to have passed, so Solana’s darkest days of 2025 so far could well be behind it. While investors pore over technical analysis and look to price forecasts for clarity around what comes next, Solana investors are also shoring up their portfolios with new additions. One such addition is emerging as the best cryptocurrency to buy now: 1FUEL. During the recent volatility, 1FUEL has seen an influx of Solana whales buying into its cryptocurrency presale, with many seeking to add a safe, long-term bet to their portfolios. Given 1FUEL’s expected 500% + early returns, up to 30% APR crypto staking rewards and projected 10x bounce in weeks, it’s fair to say more whales are likely to follow suit. Read on for the inside story. The first shoots of a Solana recovery are starting to appear – but what comes next? It’s been a couple of days since Solana slid below the $180 support level and so far, its price recovery seems to have held. It’s a fraction less than $200 right now, though it is still trading at a weekly and monthly loss. There are signs that Solana is bouncing back, with prices creeping above the Fibonacci retracement point, busy network activity, a shift from negative to positive sentiment on Solana derivatives, and an increase in long positions. The Solana relative strength index is also giving investors a cause for optimism. That said, other analysts are more pessimistic…
Filed under: News - @ February 8, 2025 10:13 pm