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 Bitcoin and Ethereum. Positive inflows into U.S. spot ETFs also suggest possible recovery if SOL holds above $74. However, worsening macro or geopolitical risks could push prices lower. The next resistance targets are $80, $84, and $88 if the support holds.
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...
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 critica...
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) has broken out of a falling wedge pattern and is holding short-term support around $74-$76, suggesting a potential rally toward $79-$81. However, long-term charts warn that unless SOL reclaims $170, any rally may be a temporary exit oppo...
Ethereum options traders are heavily hedging against downside risk as expiry approaches, with a put/call ratio of 1.71 indicating bearish sentiment. In contrast, Solana shows a bullish skew with a low put/call ratio of 0.34, suggesting optimism among...
