Scan to download
BTC $76,399.98 +0.82%
ETH $2,371.40 +0.53%
BNB $635.88 +0.53%
XRP $1.45 -0.10%
SOL $87.37 -1.44%
TRX $0.3275 +0.92%
DOGE $0.0966 -2.03%
ADA $0.2537 -1.77%
BCH $449.86 +0.12%
LINK $9.46 -1.00%
HYPE $44.73 +1.17%
AAVE $113.18 -2.27%
SUI $0.9836 -1.54%
XLM $0.1700 +0.32%
ZEC $329.49 -1.63%
BTC $76,399.98 +0.82%
ETH $2,371.40 +0.53%
BNB $635.88 +0.53%
XRP $1.45 -0.10%
SOL $87.37 -1.44%
TRX $0.3275 +0.92%
DOGE $0.0966 -2.03%
ADA $0.2537 -1.77%
BCH $449.86 +0.12%
LINK $9.46 -1.00%
HYPE $44.73 +1.17%
AAVE $113.18 -2.27%
SUI $0.9836 -1.54%
XLM $0.1700 +0.32%
ZEC $329.49 -1.63%

k-line

He Yi responded to the doubts about "modifying K-line data": Binance's reference price aims to avoid extreme prices on a single platform

ChainCatcher news, He Yi responded to the issue of "data modification" in a post on platform X, stating: "If you have traded on Binance, you can compare it with the liquidation price of the same project. Binance contracts take the marked price, which is the weighted average price after excluding extreme prices from multiple platforms. Feel free to verify it yourself. Historically, some platforms take their own prices, making it easy for users to be liquidated by the fluctuations of the spot market, which can lead to the perception that the platform is acting maliciously; therefore, one of the innovations of Binance contracts is to use the marked price for liquidation to avoid extreme prices from a single platform. The issue with the K-line has no motive or reason; it was entirely due to someone in the team getting overly excited, thinking the announcement had explained everything clearly. The only impact is that, aside from when there is a vacuum in the order book, a user's historical order from a few years ago made a few dozen dollars."In addition, He Yi also responded to community users asking "why change the K-line," stating: "When there are more people, it's hard to manage the team. If you let go and give the team freedom, then you have to come out and apologize and clean up the mess. Binance is still the same Binance; execution indeed needs to be polished, polished, and polished again."

Analysis: On-chain activities and K-line suggest that SOL may break through 300 dollars

ChainCatcher news, according to Cointelegraph, the price of SOL surged 86% from April 7 to May 26, following the overall rise of the altcoin market, while Bitcoin reached a historic high of over $111,000.The TVL of the Solana network grew by more than 54% from a multi-month low of $6.12 billion on April 7, reaching $9.44 billion on May 26, with an increase of nearly 20% in the past 30 days. According to DefiLlama data, the growth in TVL was mainly driven by Raydium, which increased by 52% in a month. Other major decentralized applications such as Jupiter DEX, Jito liquid staking, and Kamino lending grew by 12%, 25%, and 11%, respectively. Although the Solana token ranks fifth by market capitalization, its network TVL ranks second among top Layer-1 blockchains, only behind Ethereum.Since January, the price trend of SOL has been showing a V-shaped pattern on the weekly chart, which refers to a bullish pattern formed when the asset price experiences a significant drop followed by a substantial rise. The V-shaped recovery is completed when the price rises to the resistance level at the top of the V-shaped pattern (also known as the neckline). SOL appears to be in a similar trend, with the current trading price below the supply and demand range between $180 and $200. Breaking through this range will increase the likelihood of the price rising to the $252 neckline and completing the V-shaped pattern.In addition, the next target will be to break through the historical high of $295, which is a 66% increase from the current price.
app_icon
ChainCatcher Building the Web3 world with innovations.