Solana (SOL) is attempting to reclaim a strong resistance zone for the fourth time, which has led some investors to suggest that the rally won’t last long. Nonetheless, on-chain data suggests that SOL’s next leg up could be starting. Related Reading: XRP Shows Strength Amid $3 Retest, But Analyst Warns Of Potential Correction Solana Breaks Out Of Triangle Pattern On Thursday, Solana hit a six-month high of $216 after breaking out of one of its most crucial resistance zones. The cryptocurrency bounced 16% from Monday’s lows and reclaimed the $200 barrier as support on Wednesday, closing the day above this area. SOL briefly reclaimed this level during the early August breakout, but the recent market corrections dragged its price to the $175-$195 area. Amid Thursday’s rally, market watcher Daan Crypto Trades highlighted its performance, asserting that it is “at an interesting spot.” The trader explained that Solana is trading in a multi-month rising wedge pattern, currently nearing the resistance level that has held over the months. Notably, the cryptocurrency has been rejected from the pattern’s upper boundary multiple times since July, retesting the ascending support line on each occasion. Supporting SOL’s case, Daan argued that it has “been strong on the back of treasury vehicles being spun up and potential upcoming buying + frontrunning,” noting that “rising wedges are generally leaning bearish but in bull markets it’s nothing new for these to break towards the upside instead.” Based on this and the cryptocurrency’s recent performance, he forecasted that it would reach higher levels later this year. Similarly, analyst Ali Martinez pointed out a six-month ascending triangle pattern on the altcoin’s chart, which targets the $360 area. Solana retested the pattern’s resistance three times over the past month and a half, but ultimately failed to turn the $205-$207 zone into support. As the altcoin pushed past the $210 mark, the analyst raised the question of whether the ongoing breakout attempt will be successful or if SOL’s rally would be short-lived for the fourth time. Fourth Time’s The Charm? Martinez shared multiple technical indicators that suggest Solana could finally break out of this pattern and aim for the long-awaited $300 barrier. The analyst explained that the backdrop of social sentiment and on-chain positioning differentiate the current price move from the previous attempts. Unlike the previous breakout attempts, sentiment across the community is more subdued. “Historically, euphoric sentiment above the ‘230’ index level coincided with local tops, as excessive optimism preceded retracements,” he detailed. According to the analyst’s chart, sentiment is muted this time, which suggests “skepticism rather than crowded bullish positioning.” Additionally, around $1 billion in realized profits have been booked after the surge to $212, signaling that some traders likely remain unconvinced that momentum will hold during this attempt. He also highlighted that there are significant accumulation zones below $207, with multiple support zones between $165 and $206, providing a strong base to continue rallying, which contrasts with the lack of resistance above the $212 area. Related Reading: Cardano Retests Key Support As SEC Delays ETF Decision – Is An October Rally Brewing? “If buying pressure builds, the path toward $300 is comparatively less obstructed,” Martinez affirmed, adding that Solana’s fundamentals, including the proposed Alpenglow consensus upgrade, may also add fuel to the breakout. “With skepticism still present, strong accumulation below $207, and little resistance overhead, this attempt has a higher probability of succeeding compared to prior failures. A confirmed breakout above $212–$215 on sustained volume would shift focus to the $300 target zone,” he concluded. As of this writing, Solana is trading at $212, a 17% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Block flows suggest that traders are still betting on a year-end rally.
Speaking at the 2025 Bitcoin Asia Conference in Hong Kong, cypherpunk pioneer Adam Back predicted a future where Bitcoin is held in the treasury of every company. He highlighted Bitcoin’s importance as a trusted store of value and expects widespread adoption by businesses. Back envisions a shift in corporate finance where Bitcoin plays a key …
Pi Coin price today gained 3.35%, to trade at $0.3581 with a market cap of $2.85 billion. Daily volume surged 127% to $67.17 million as fresh listings and product launches sparked investor attention. While these developments improve sentiment, long-term supply concerns remain in focus. Join me as I decode the potential price targets for the …
The cryptocurrency market is experiencing a steady rise today, with total capitalization increasing and Bitcoin holding above $ 111,000. However, the spotlight has shifted to Solana (SOL), which is outperforming both Bitcoin (BTC) and Ethereum (ETH), showcasing strong fundamentals that crypto users should not overlook. Solana Price Breaks $211 With Retail Support Solana surged past …
The exchange-traded funds look to track everything from Solana to XRP to Dogecoin, which combined make up trillions of dollars of the crypto market.
Eliza Labs filed a lawsuit against X, alleging that X launched copycat AI products after obtaining key technical information from Eliza.
Binance Futures experienced a temporary outage suspected between 14:18 and 14:36 UTC+8 due to a paused contract transfer service. Officials confirmed the suspension but have since restored the service. However, Binance tweeted that all futures trading remains unavailable as the team works hard to fully resolve the issue. Users are advised to stay patient and …
At the Bitcoin Asia Conference in Hong Kong, Binance founder Changpeng Zhao (CZ) delivered a statement that quickly captured global attention. He said that Bitcoin will become the world’s reserve currency. His statement not only highlighted Asia’s growing role in crypto adoption but also shed light on how the tokenization of real-world assets could push …
115 crypto companies, investors, and organizations have come together to urge the US Senate to incorporate explicit protections for open-source software developers and non-custodial service providers in upcoming market structure legislation. This coalition, spearheaded by the DeFi Education Fund, includes high-profile supporters such as Coinbase, a16z crypto, and Ripple, all emphasizing the need for regulatory clarity that fosters innovation rather than stifling it. Historic Letter From Crypto Leaders The letter, signed by 115 key players in the crypto ecosystem, underscores a collective commitment to preserving the rights of those who build the digital financial landscape. It states: We speak to Congress with one voice: provide robust, nationwide protections for software developers and non-custodial service providers in market structure legislation. Without such protections, we cannot support a market structure bill. Related Reading: Spot Ethereum ETF Inflows Flip Bitcoin Once Again, Will ETH Outperform BTC? The signatories highlight the historical advantages the US has enjoyed in software development, which have led the nation to the forefront of technological innovation over the past five decades. They argue that to maintain this leadership in the digital financial era, legislation must recognize the crypto market’s blockchain technology as neutral infrastructure. Furthermore, they assert it should ensure that crypto developers and service providers are not subjected to outdated regulatory frameworks designed for traditional finance. Calls For Legislative Protections The letter also points to troubling statistics: the share of open-source software developers in the US has declined from 25% in 2021 to a projected 18% in 2025. This drop is largely attributed to the uncertainties surrounding regulatory frameworks for software development. As noted in a recent report from the President’s Working Group on Digital Assets, reversing this trend is essential for making America the “crypto capital of the world.” While the House and Senate have included provisions like the Blockchain Regulatory Certainty Act and the Keep Your Coins Act in their drafts, which aim to distinguish between intermediated finance and decentralized networks, the letter emphasizes that more clarity is needed. They believe that the proposed legislation must ensure that crypto developers are not misclassified as money transmitters and that they can engage in their activities without facing regulatory penalties. Related Reading: XRP Price To Rally 5,600% To $200? Crypto Analyst Lays Out The Possibilities The call for comprehensive federal protections is framed as a bipartisan issue, with a history of support for open-source software crossing party lines. Past legislation, such as the CLARITY Act, received overwhelming backing, indicating a strong consensus on the need to protect developers and non-custodial service providers. The current coalition aims to build on this momentum and push for enhancements in the legislative protections for developers. Featured image from DALL-E, chart from TradingView.com
The outage prevented traders from managing positions, impacting the derivatives market significantly.
The latest XRP rich list reveals how many tokens investors need to rank among the wealthiest holders. Interestingly, the entry bar has dropped recently. At today’s XRP price of $2.91, owning under $7,000 worth of tokens is enough to place an investor in the top 10% of richest XRP addresses. XRP Rich List Capital Number …
Unicoin urged a New York judge to toss the SEC’s $100 million fraud case, arguing the regulator misquoted filings and relied on “snippets” taken out of context.
10x Research prefers the short strangle strategy for the second month as market dynamics point to near-term calm.
Bitcoin’s price has slipped to around $111,000, down 1.39% over the past 24 hours. This is with the market cap at $2.21 trillion and trading volume off 8.28%. BTC is testing critical support levels after failing to hold its 7-day and 30-day SMAs. Thereby, raising the risk of accelerated selling pressure. While the current 11.4% …
At the Bitcoin Asia conference 2025, Binance CEO CZ shared his strong belief that Bitcoin will one day become the world’s global reserve currency. He emphasized Bitcoin’s growing importance in the financial system and its potential to reshape how money works globally. CZ sees Bitcoin as a secure, transparent, and widely accepted asset that could …
The crypto market is beginning to steady after a volatile week. Total market capitalization climbed by $13 billion in the past 24 hours, now standing at $3.82 trillion. Importantly, the $3.81 trillion level is holding as support, acting as a base for broader market stability. Bitcoin trades at $111,477, with resistance at $112,500 and a …
Ryan Gentry, former business lead at Lightning Labs, has filed for a $200 million SPAC called Bitcoin Infrastructure Acquisition Corp, which plans to list on Nasdaq as “BIXIU.” The SPAC will focus on investing in companies involved in digital assets, Web3, and financial infrastructure. Key board members include the COO of DeFi Development Corp and …
Data shows social media sentiment around Solana has hit a 11-week high following the latest recovery surge in the cryptocurrency’s price. Solana Is Now Observing 5.8 Bullish Comments For Every Bearish Post In a new post on X, analytics firm Santiment has discussed about the latest trend in the Positive/Negative Sentiment for Solana. This indicator tells us about how the bullish and bearish comments related to SOL currently compare on the major social media platforms. The metric uses a machine-learning model to judge whether a given post/thread/message is positive or negative. Once it has separated the texts into the two categories, it counts them up and finds their ratio. Related Reading: Bitcoin Rally Over? CryptoQuant’s Bull Score Index Turns Bearish Now, here is the chart shared by the analytics firm that shows the trend in the Solana Positive/Negative Sentiment over the last couple of months: As displayed in the above graph, the Solana Positive/Negative Sentiment has witnessed a sharp increase recently, indicating that positive comments related to the cryptocurrency have ramped up. Currently, there are 5.8 positive posts appearing for every negative post. This is the highest that the ratio’s value has been since June 11th, more than two months ago. The rise in bullish sentiment is a result of the 16% price surge that SOL has enjoyed over the past week. While some excitement after rallies is normal, an excess of it can be something to watch out for. This is because digital assets have historically tended to move in a way that goes contrary to the expectations of the majority. This means that a large amount of hype among social media users can lead to tops. Similarly, widespread fear can facilitate the formation of a bottom. With the Positive/Negative Sentiment sitting on an 11-week high, it now remains to be seen whether trader FOMO would become an obstacle in the Solana rally. In some other news, Santiment has shared an update on how projects on the SOL blockchain currently rank up against each other in terms of the Development Activity. The “Development Activity” refers to a metric that measures, as its name suggests, the total amount of work that the developers of a given cryptocurrency project are putting in on its public GitHub repositories. Related Reading: Bitcoin & Ethereum Whale Populations Quietly Growing, On-Chain Data Reveals Below is a table that shows the 30-day value of the metric for the top projects in the SOL ecosystem. It would appear that the king of the SOL ecosystem is none other than Solana itself, with a Development Activity value of 138.37. Wormhole (W) and Drift (DRIFT) are the next best projects with metric values of 41.47 and 31.9, respectively. SOL Price At the time of writing, Solana is trading around $212, up 1.6% over the past day. Featured image from Dall-E, Santiment.net, chart from TradingView.com
The race to launch the first SEI ETF in the U.S. is heating up. Crypto asset manager 21Shares has filed with the SEC for an ETF that will track the price of SEI, just months after Canary Capital submitted its own application in April. This sets the stage for a head-to-head battle between the two …
US Bitcoin ETFs reached $10 billion in daily volumes, closing in on daily spot volumes on major exchanges.
Through community fundraising, the free Roman Storm defense fund has raised nearly $5.5 million to aid with his legal defense.
Tiger’s model pegs a “base price” of $135,000, then layers on multipliers for fundamentals (+3.5%) and macro conditions (+35%) to reach the $190,000 forecast.
The Hong Kong-listed crypto firm reported HK$195.4 million ($25.1 million) in total revenue in H1, up 58% year-on-year.
Ethereum’s institutional appeal is fueling ETF inflows and outperforming Bitcoin, even as broader crypto markets stall.
Chinese money launderers have been moving billions through US financial institutions to aid Mexican drug cartels, yet lawmakers still point the finger at crypto.
Tokenization of real-world assets (RWAs) is accelerating, bringing stablecoins, treasury bills, real estate and more into the crypto ecosystem, CZ added.
Solana started a fresh increase above the $200 zone. SOL price is now consolidating above $212 and might aim for more gains above the $220 zone. SOL price started a fresh upward move above the $200 and $212 levels against the US Dollar. The price is now trading above $212 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $212 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $220 resistance zone. Solana Price Extends Surge Solana price started a decent increase after it found support near the $192 zone, beating Bitcoin and Ethereum. SOL climbed above the $200 level to enter a short-term positive zone. The price even smashed the $205 resistance. The bulls were able to push the price above the $212 barrier. A high was formed at $217 and the price is consolidating gains above the 23.6% Fib retracement level of the upward move from the $185 swing low to the $217 high. Solana is now trading above $212 and the 100-hourly simple moving average. There is also a bullish trend line forming with support at $212 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $218 level. The next major resistance is near the $220 level. The main resistance could be $225. A successful close above the $225 resistance zone could set the pace for another steady increase. The next key resistance is $232. Any more gains might send the price toward the $250 level. Downside Correction In SOL? If SOL fails to rise above the $220 resistance, it could start another decline. Initial support on the downside is near the $212 zone. The first major support is near the $210 level. A break below the $210 level might send the price toward the $202 support zone and the 50% Fib retracement level of the upward move from the $185 swing low to the $217 high. If there is a close below the $202 support, the price could decline toward the $195 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $212 and $202. Major Resistance Levels – $220 and $225.
TRON (TRX) has been showing signs of slowing momentum after its climb near previous highs. The token is currently priced at $0.3486, reflecting a 19.2% decline from its all-time high of $0.4313 recorded late last year. Over the past week, the market has seen limited upward movement, with TRX trading in a narrow range, suggesting muted buying pressure. On-chain analysts are closely watching TRON’s market dynamics as it approaches a potential inflection point. According to data shared on CryptoQuant’s QuickTake platform, TRX is exhibiting conditions that mirror earlier phases in its history where heightened optimism preceded corrections. The combination of rising sentiment indicators and technical positioning has sparked debate on whether TRX is preparing for a breakout or facing increased risk of retracement. Related Reading: TRON Defies the Market: Outpaces Ethereum, XRP, and Solana in BTC Pair Performance Market Conditions and On-Chain Metrics CryptoQuant contributor CryptoOnchain explained that TRX is at the edge of a critical zone, with “Extreme Greed” sentiment levels dominating investor behavior. Historically, such phases have led to either price discovery above resistance or sharp pullbacks when momentum fails to sustain. The analyst noted that the gap between TRX’s spot price and its realized price has widened, indicating substantial unrealized gains in the market. This divergence often increases incentives for holders to secure profits, adding to potential selling pressure. The on-chain data further highlights that TRX is approaching its upper value band, an area typically associated with overbought conditions. CryptoOnchain noted: TRX is at a critical juncture: a breakout above the all-time high could lead to further upside, but there is also a real risk of a correction. Traders should proceed with caution. To mitigate risks, strategies such as trailing stop-losses and partial profit-taking were recommended, especially given the heightened levels of speculative optimism. Stablecoin Dominance on the TRON Network While price performance has drawn attention, another significant factor shaping TRON’s trajectory is its growing role in stablecoin settlements. CryptoQuant analyst Burak Kesmeci recently emphasized that stablecoin transfers heavily dominate TRON’s ecosystem in 2025. Data shows: USDT: over 383 million transfers. Wrapped TRX (WTRX): 3 million. PayNet Coin: 1.88 million. USDD: 585,000. This activity shows TRON’s positioning as the leading blockchain for USDT transactions, benefitting from its relatively low fees and high throughput. The passage of the US Genius Act, which reinforced the role of certain blockchains in stablecoin settlements, further boosted TRON’s relevance in global payment flows. The analyst argues that while speculative trading around TRX’s price dominates headlines, its utility-driven demand in stablecoin transfers provides a strong foundation for long-term resilience. Related Reading: TRON Spot Market Signals Relief – Seller Dominance Weakens After Cycle High With over 90% of its transaction activity tied to USDT, TRON’s role as an infrastructure layer for digital dollar settlements remains one of its key strengths. Featured image created with DALL-E, Chart from TradingView
The U.S. crypto landscape has entered a new era after President Donald Trump signed the country’s first cryptocurrency law. Once a vocal skeptic, Trump now calls himself the “most pro-crypto commander-in-chief in history.” His push to reshape America into the global leader of digital finance has already stirred strong debate. Amid this backdrop, Syed Musheer …