Sturm, Ruger's 15-minute chart triggers KDJ Golden Cross, bullish marubozu formation.

Friday, Aug 29, 2025 12:33 pm ET1min read

Sturm, Ruger's 15-minute chart has exhibited a significant bullish trend, as indicated by the KDJ Golden Cross and Bullish Marubozu formation at 08/29/2025 12:30. This suggests that the momentum of the stock price is shifting towards the upside, potentially leading to further price appreciation. As buyers continue to dominate the market, it is likely that bullish momentum will persist.

Solana (SOL) has been experiencing a significant bullish trend, as indicated by several key developments in the cryptocurrency market. The native token of Solana, SOL, has surged above the $200 psychological level, supported by record-high open interest and substantial corporate investment.

Sharp Technology has announced a $400 million investment to establish a Solana digital asset treasury, with the potential to expand to $1 billion. This investment is backed by private partnerships, with key subscribers including market leaders such as ParaFi, Pantera, and FalconX. The treasury will primarily use SOL as its key asset, with the initial $50 million investment made at a 15% discount to the 30-day time-weighted average price [1].

Circle, a stablecoin issuer, has minted nearly $750 million of its stablecoin, USDC, ahead of the upcoming Alpenglow upgrade. This minting has fueled liquidity on Solana, increasing the stablecoin market by over 4% in the last 24 hours. The Total Value Locked (TVL) on Solana has also reached $11.815 billion, inching closer to its record high [1].

The Solana community has begun voting on the Alpenglow upgrade, which aims to enable 150ms block finality. As of now, over 20% of the network’s stake has voted in favor of the upgrade, with 20.5% of the network stake supporting it. If approved, the upgrade will shift Solana’s Proof-of-History and TowerBFT systems to improve block finality [1].

The SOL Open Interest has reached a record high of $13.68 billion, indicating increased interest among SOL traders. The momentum indicators suggest a steady rise in bullish pressure, with the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) both showing positive trends [1].

The current bullish trend in Solana is also supported by the launch of the US Government’s Gross Domestic Product (GDP) data on Solana’s Pyth Network. The high-performance blockchain’s native token holds above the $200 psychological level, with bulls targeting the $232 mark. If Solana crosses above this threshold, it could target its all-time high of $295 [1].

References:
[1] https://www.fxstreet.com/cryptocurrencies/news/solana-surges-on-record-derivatives-interest-400m-treasury-and-usdc-boost-202508290545

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