Solana (SOL) is showing signs of weakness both in the short-term 4-hour chart and the long-term monthly chart. The 4-hour chart indicates a possible breakdown below the current trading range support, with resistance holding firm between $86 and $88. If the price falls below the support near $67, it could drop further into the low $60s. On the monthly chart, Solana remains stuck below a key resistance level around $108, with a critical support level at $49. Continued selling pressure could push SOL toward this $49 support, although the long-term ascending channel remains intact as long as SOL stays below $108. Investors should watch these levels closely as the downside risk remains significant while upside potential is capped.
Morgan Stanley's Denny Galindo highlights that Solana (SOL) has historically been a better diversifier in crypto portfolios than Ether (ETH), despite SOL's higher volatility. Bitcoin remains a low-correlation asset with traditional markets, but addin...
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...
