Solana (SOL) is trading around $82, down about 70% from its peak near $295, reflecting weak market demand and significant selling pressure. The critical resistance level at $95 must be surpassed on the weekly chart to trigger a potential relief rally, while support currently holds between $78 and $83. Analysts warn that breaking below this support could lead to a further drop toward $60, with the 50-week EMA near $124 acting as a major barrier for any strong recovery. Increased trading volume despite price decline signals active selling, and the market remains cautious about SOL's near-term direction.
Bitcoin fell below the key $75,000 level, sparking a sharp selloff across major cryptocurrencies including Ethereum and top altcoins. This drop triggered around $400 million in liquidations of leveraged long positions, intensifying market panic. The ...
Hyperliquid's HYPE token surged to a new high following the launch of two ETFs in the U.S., driven by European traders seeking access to perpetual futures. Analyst Michael van de Poppe highlights Hyperliquid's role in accelerating tokenization trends...
Solana (SOL) is trading between two key technical setups: one showing weak corrective rallies and another indicating a potential breakout retest. SOL must hold the $84-$85 support zone and clear resistance near $87 to strengthen the case for a move t...
The cryptocurrency market experienced a broad decline with Bitcoin down 2.4% and Ethereum down 3.6%, alongside losses in major altcoins. Trading volumes for both spot and derivatives fell significantly, indicating reduced risk appetite and lower leve...
Grayscale's latest report highlights Ethereum, Solana, BNB Chain, and Canton Network as the top blockchains likely to gain from the advancing Digital Asset Market Clarity Act in the US. This legislation aims to establish clear rules for digital asset...
