Solana's price has fallen below the key $77 support level, currently trading around $69.53 after a 6% drop in 24 hours and over 42% decline year-to-date. This breach signals a confirmed downtrend, with technical indicators like all major EMAs and MACD showing bearish momentum. Analyst Ali Martinez identifies $53 as the next significant support if $77 fails to hold. Additionally, Solana's decentralized exchange activity has contracted by 62% since the start of the year, reflecting reduced network usage and contributing to the price weakness. The immediate focus is on whether Solana can stabilize near $65; failure to do so may lead to further declines toward $53.
Solana's price fell over 5% in a short-term correction despite strong institutional interest and a major network upgrade called Firedancer, which enhances client diversity and network resilience. The token is trading near $70 with steady ecosystem ac...
Solana (SOL) is at a critical near-term price range of $72.50 to $77.19, with technical analysis suggesting a potential breakout or breakdown that could set the next market direction. Meanwhile, demand for BlackRock's iShares Bitcoin Trust (IBIT) app...
Hyperliquid's HYPE token recently climbed above Solana's price, reaching a record high near $75.4 while Solana fell to its lowest since late 2023. Despite a broader market downturn affecting major cryptocurrencies like Bitcoin and Ethereum, HYPE gain...
Crypto markets saw $1.84 billion in liquidations within 24 hours on June 3, the largest since February, driven mainly by $1.66 billion in long position losses. Bitcoin longs alone lost $883 million, including a $59.67 million position on HTX. The sel...
Hyperliquid's HYPE token has overtaken Solana (SOL) in price amid Solana's drop to its lowest level since 2023. This price change reflects a shift in market sentiment, with HYPE gaining momentum while Solana faces challenges. Market watchers see the ...
