Solana has been trading within a $78-$98 channel since February, with $98 as a key resistance level. A daily close above $98 could push Solana's price toward $107 or even $117, signaling bullish momentum. Meanwhile, Forward Industries, the largest corporate holder of Solana, reported a $283 million net loss in Q2, mainly due to unrealized losses from SOL's price drop. Despite this, Forward Industries' revenue quadrupled to $13 million, driven by staking yields of 6.5% to 7.2%, and the company continues to hold and stake over 7 million SOL, showing confidence in the asset's long-term value.
Bitcoin gained nearly 1% to $80,573 while Ethereum slipped 0.56% to $2,254, highlighting a market preference for Bitcoin's liquidity amid uncertainty. Crypto derivatives volume surged past $1 trillion, indicating increased leverage and potential for ...
Bitcoin rose to $81,055 following the Senate Banking Committee's 15-9 bipartisan vote advancing the CLARITY Act, which could clarify U.S. crypto regulations and boost institutional interest. XRP and DOGE also surged, reflecting optimism about regulat...
Solana (SOL) outperformed Bitcoin in early May, rallying 10 times more due to growing institutional support and strong ETF inflows. Despite this, SOL faced rejection near the $100 resistance level and has seen losses over the past three days, remaini...
Solana (SOL) recently faced rejection near the $98 resistance level but continues to hold important short-term support around $88 to $93. The price remains within a defined channel between $78 and $98, with a daily close above $98 needed to confirm a...
Solana (SOL) is showing a potential bullish setup with a monthly cup and handle pattern forming after recovering from 2022 lows. Since February, SOL has traded between $78 and $98, with $88 as a pivot point. A daily close above $98 could push prices ...
