Solana (SOL) failed to surpass a critical resistance at $78 and broke a significant trend line support, suggesting a potential drop to $60. Trading volumes increased, indicating rising selling pressure amid unfavorable macroeconomic conditions like persistent inflation and a hawkish Federal Reserve. On-chain data shows declining decentralized exchange volumes and signals from daily active users hint at a major price move, likely downward. Investors considering short positions could see a 2x return if SOL falls to $60, with the first target at $68 and a stop loss above $78 to manage risk.
Most major cryptocurrencies saw price declines, including Bitcoin falling about 1.9% to $63,665 and Ethereum down 1.8% to $1,911. Other notable drops include Shiba Inu falling over 8% and several altcoins declining between 2% and 7%. A few tokens sho...
SBI Holdings has restructured its subsidiary into SBI Digital Practice to focus on building financial infrastructure on the Canton Network, which connects over 600 institutions and supports $6 trillion in assets. This move broadens SBI's blockchain s...
Clear Creek Financial Management disclosed $15.1 million in crypto exchange-traded funds (ETFs) across Bitcoin, Ethereum, XRP, and Solana in its latest US regulatory filing. Bitcoin ETFs led with about $10.4 million, primarily in Bitwise’s BITB fund,...
Cryptocurrency markets saw a general decline with Bitcoin falling 1.72% to $63,743 and Ethereum down 1.24% to $1,916. Several altcoins experienced sharper drops, including SHIB down nearly 7% and NEAR down over 7%. Stablecoins remained steady around ...
Solana's price dropped about 5% from around $77 to $73 after failing to sustain its recent recovery, breaking below key support at $75 and entering a descending channel. This decline triggered long liquidations, adding selling pressure and increasing...
