Solana (SOL) dropped 5.6% to around $90, leading a broad sell-off in the cryptocurrency market triggered by rising U.S. inflation and geopolitical tensions between the U.S. and China. Bitcoin fell below the key $80,000 support level, trading near $79,200, as inflation data showed higher-than-expected increases, reducing hopes for Federal Reserve rate cuts this year. Concerns over potential conflicts between the U.S. and China, especially regarding Taiwan, added to market uncertainty. Ethereum and other major cryptocurrencies also declined, while Dogecoin was the only major crypto to gain. Analysts are closely watching Bitcoin's $78,000 support level for signs of further downside risk.
Bitcoin fell below $80,000 to around $79,200 amid renewed geopolitical tensions after Chinese President Xi Jinping warned of potential conflict over Taiwan during U.S. President Trump's visit to China. Major cryptocurrencies, led by Solana's 5.6% dro...
Solana (SOL) faces a critical support test at $92–$94 after being rejected at the $100 resistance level, trading near $90.93 with a 3.98% drop in 24 hours. This support zone is crucial for maintaining its recent recovery; failure could lead to a deep...
Solana's price is forecasted by Finbold AI Agent to close May at around $94.58, marking a 4% increase and potentially ending a seven-month downtrend. This bullish outlook is supported by recent price gains and significant cash inflows of $84.86 milli...
Trading volume in altcoins outside the top five cryptocurrencies has recently surpassed long-term averages, signaling growing interest beyond major assets like Bitcoin and Ethereum. This shift, seen in CryptoQuant data, suggests a potential capital r...
Solana (SOL) is showing a potential long-term breakout setup with a target of $1,000 if it maintains support between $92 and $94. The weekly chart indicates a strong base and a breakout from a descending trendline, suggesting buyers are defending key...
