Solana's price fell nearly 4% to around $74 after failing to hold above $76.50-$77 resistance, pressured by a global tech sell-off and rising U.S. Treasury yields. Weak momentum and leveraged long liquidations add downside risk, with $74 as a critical support level. A recovery above $76.50 could trigger short liquidations and push Solana toward $78-$80, while a break below $74 would expose deeper support near $69.60. Despite recent selling, some indicators suggest a potential macro trend shift if key levels hold.
The launch of Kimi K3 by Chinese AI startup Moonshot AI triggered a selloff in semiconductor stocks and risk assets, causing Bitcoin to fall below $64,000. The new AI model raised concerns about US chipmaker valuations, impacting tech stocks and spre...
The US cryptocurrency industry is at a pivotal point as negotiations over the Clarity Act, a major crypto regulatory bill, face delays due to ethics provisions demanded by Democrats. Kristin Smith, president of the Solana Policy Institute, remains op...
The anticipated altseason, where altcoins outperform Bitcoin, has not occurred for over 260 days, marking a record delay. Bitcoin dominance remains above 55%, indicating capital is still concentrated in Bitcoin rather than rotating into altcoins. Ins...
Bitwise CEO Hunter Horsley strongly defends the economic value of Ethereum and Solana tokens amid skepticism about their utility in tokenization of real-world assets (RWA). He argues that doubting the importance of these native tokens repeats past ma...
Solana (SOL) dropped 6% to $74.8 after Bitcoin fell below $63,000, testing key support at its 50-day moving average. Morgan Stanley recently enabled spot trading for SOL on its E*TRADE platform, potentially boosting demand as other banks only support...
