Veteran trader Peter Brandt warns that Solana's native token SOL may face a major breakdown after forming a 14-week rectangle pattern on its weekly chart, signaling a possible 50% price drop to around $43.70. This pattern could confirm a larger head-and-shoulders formation indicating a bearish trend. SOL has struggled to maintain bullish momentum, underperforming the broader crypto market by about 12% in 2026 amid declining interest in decentralized applications. Currently trading near $86.64, if SOL breaks below the rectangle support, the bearish scenario could materialize, posing significant risks for investors.
Solana is currently defending a crucial support level around $75.20, which could confirm a false breakdown and lead to a recovery targeting $98 and potentially $120. However, buyers must reclaim the $82-$94 resistance zone to confirm a stronger upwar...
Solana (SOL) has surged about 30% from its June low of $60, currently trading around $77–$78. The token benefits from a strategic partnership with SBI Holdings to build on-chain financial infrastructure in Japan, boosting institutional confidence. So...
The U.S. Treasury's OFAC sanctioned multiple cryptocurrency addresses tied to Cuban entities, marking an extension of sanctions into major blockchain networks like Bitcoin, Ethereum, and Solana. Concurrently, Tether froze $131 million in USDT on the ...
Bitcoin surged nearly 3.6% to around $64,800 after U.S. inflation data showed a bigger-than-expected slowdown in June, with headline inflation dropping to 3.5% and core inflation easing to 2.6%. This cooling inflation sharply reduced market expectati...
On July 14, 2026, $500 million worth of USDC stablecoins were minted on the Solana blockchain in two $250 million tranches. This move significantly increases liquidity on Solana and reflects growing institutional trust in the network's ability to han...
