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.
A Wall Street asset manager has filed with the SEC to launch a Solana ETF that includes staking rewards, potentially broadening institutional access to crypto yield products. This ETF would differ from traditional spot ETFs by passing through staking...
Solana achieved a record $3.47 billion in tokenized equities volume for June 2026, capturing over 96% of the global on-chain tokenized equity market. This milestone highlights Solana's strong position and efficiency in blockchain technology, maintain...
SPX6900 surged over 12% in 24 hours driven by a 62% volume increase and strong buying from Solana whales, who raised holdings by 65%. Ethereum network activity also picked up, with transfers nearly quadrupling and transactions doubling, supporting th...
Trading volumes for major cryptocurrencies have declined since July 2024, reflecting weak demand and low market confidence. This trend is driven by macroeconomic pressures, Bitcoin ETF outflows, and bearish price action. Despite this, Solana (SOL) ha...
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...
