Solana's price shows potential early recovery as a bullish RSI divergence forms near $73 on the weekly chart, indicating weakening selling momentum. However, the number of wallets holding at least 0.1 SOL has dropped by 5% recently, signaling reduced participation from smaller holders and creating uncertainty around the broader price trend. For a stronger rebound, SOL needs to break above the $80-$90 consolidation zone, while support remains near $60-$65. The declining wallet count serves as a cautionary sign rather than a definitive bearish signal, with future price direction depending on wallet participation and price movement.
Solana has initiated a phased upgrade to reduce its slot time from 400 milliseconds to 350 milliseconds on its testnet, marking the first of four planned 50ms reductions under proposal SIMD-0525. This upgrade aims to eventually halve the slot duratio...
On August 4, spot ETFs for Bitcoin, Ethereum, and Solana recorded significant net inflows of $211.49 million, $53.75 million, and $1 million respectively, indicating growing investor demand. These inflows suggest positive market sentiment and could c...
Tokenized ETFs have seen uneven growth across blockchain networks in the last 30 days, with BNB Chain leading by adding $80.9 million in market value, far surpassing Solana's $12.5 million growth. Meanwhile, Ethereum and Arbitrum experienced declines...
Bitcoin remained stable around $64,000 despite global stock markets reaching new highs driven by enthusiasm for AI-related shares. Ether was the only major cryptocurrency to decline over the week, falling about 2%. The market showed little reaction t...
Bitcoin and Ethereum posted small gains while overall crypto market activity slowed, with Bitcoin dominance increasing to 58.76%. This suggests investors prefer large-cap assets like Bitcoin for liquidity and safety amid cautious market conditions. A...
