Solana (SOL) is showing early signs of recovery as price action begins to stabilize within a defined channel following its recent pullback. With selling pressure easing and buyers gradually stepping in, momentum appears to be shifting toward a potential corrective upswing. Corrective Recovery Scenario Takes Shape Presenting a wave outlook for Solana on the 1-hour timeframe, Elliott Waves Academy highlights a potential shift in short-term structure. Momentum appears to be cooling on the downside, opening the door for a corrective phase that could reshape the near-term trend. Related Reading: Solana (SOL) Edges Up, Traders Watch For Sustained Upside Move One of the more probable scenarios suggests a recovery unfolding through a corrective wave, potentially identified as wave (2)/(B). Such a move may develop into a double zigzag structure, a pattern often seen when the market attempts a deeper retracement with buyers gradually stepping back into the market. A decisive breakout above the upper boundary of the current diagonal pattern would provide early confirmation of this recovery setup. Strength would be further reinforced if price manages to clear the key level associated with the previous bearish wave, signaling that selling pressure is weakening. From a Fibonacci perspective, the anticipated recovery zone lies between the 50% and 61.8% retracement levels of the prior downward move. These levels often act as magnets during corrective phases, with the potential for an extended push toward the 78.6% retracement if bullish momentum builds. For a broader bearish wave to occur, this retracement region must act as a strong resistance zone where sellers regain control. A noticeable increase in selling pressure here could trigger the next leg of the decline. However, if Solana begins to form impulsive waves while maintaining a pattern of higher lows, without revisiting the previous bottom, it would increase the likelihood of a more sustained upside move beyond the corrective phase. Solana Taps Reversal Zone, Early Bounce Emerges According to crypto analyst BitGuru, Solana has moved into a key reversal zone, where price is showing early signs of a bounce following its recent decline. The reaction in this area suggests that the market may be attempting to establish a short-term floor, with buyers starting to respond to the discounted price levels. Related Reading: Solana Tightens Range: Breakout Brewing As Correction Nears Completion At the same time, selling pressure appears to be gradually easing, pointing to a slowdown in bearish momentum. As downside strength fades, conditions often become favorable for buyers to step in, particularly in zones historically associated with demand. If Solana can maintain support above this level and continue forming higher lows, the ongoing bounce could develop into a more structured recovery. Such a move may pave the way for a push higher, with price potentially targeting the upper boundary of its recent range if bullish momentum continues to build. Featured image from Pngtree, chart from Tradingview.com
Tether's approximate $141 billion exposure to U.S. Treasurys positions it as one of the largest holders globally.
The Pentagon's AI contract shift bolsters NVIDIA's market dominance while highlighting security concerns in AI vendor selection.
The post Pentagon expands AI contracts with Nvidia, ends Anthropic deal appeared first on Crypto Briefing.
Just like Michael Saylor’s Strategy, Tom Lee’s Bitmine Immersion Technologies is showing no signs of slowing down. According to on-chain data from Arkham Intelligence, Bitmine recently locked around $508 million worth of ETH, adding to its already massive holdings. The firm now holds a significant share of the network’s staked supply, impacting ETH’s available supply. …
Tether reported record excess reserves of $8.23 billion in Q1 2026, according to its latest attestation prepared by BDO. The company generated $1.04 billion in net profit despite volatile market conditions, while total USDT-related liabilities stood at $183 billion. Tether also held around $141 billion in direct and indirect U.S. Treasury exposure, making it the …
Dogecoin whale wallets hit record DOGE holdings as the price rallies 23.5%, strengthening the memecoin’s rally chances in May.
Geopolitical tensions and high oil prices may sustain inflation, influencing central banks to maintain cautious monetary policies.
The post US-Iran tensions drive oil prices above $110, impacting Fed rate cut odds appeared first on Crypto Briefing.
Tether's robust profit and record reserves highlight its resilience and significant influence in the global digital currency and financial markets.
The post Tether posts over $1 billion profit in Q1 as reserves hit record appeared first on Crypto Briefing.
Brazil’s central bank has issued Resolution BCB No. 561, updating rules for international payment services (eFX) and officially banning crypto assets for cross-border transfers. All international payments must now be processed through foreign exchange operations or regulated accounts. This matters because it increases regulatory control and limits the use of crypto in global transactions, impacting …
MoonPay has launched "MoonAgents Card," a stablecoin debit card for AI agents and users to spend directly from onchain wallets.
AI-driven mine detection in the Strait of Hormuz could enhance maritime security, potentially stabilizing global oil trade routes by 2026.
The post US Navy adopts AI for mine detection in Strait of Hormuz, aims for faster clearance appeared first on Crypto Briefing.
Zcash (ZEC) and Bittensor (TAO) are showing early signs of recovery after a prolonged period of consolidation, drawing fresh attention from traders. Both tokens have begun to rebound from key support levels, hinting at a potential shift in momentum. However, the real test lies ahead as prices approach critical resistance zones that previously triggered strong …
Despite operational gains, Big Oil's profit slump highlights vulnerabilities in financial hedging amid geopolitical disruptions.
The post Big Oil profits slump despite historic Iran-driven oil price surge appeared first on Crypto Briefing.
TON has significantly reduced its transaction fees after a validator decision, making transfers much cheaper across the network. Basic TON payments now cost a fraction of a cent, while USDT transfers have also dropped sharply, with prices staying stable even during high activity. The change is part of Telegram’s broader plan to build a faster …
Japan’s top financial giants SBI Holdings, APLUS, and Visa have launched a new credit card that lets users earn Bitcoin (BTC), Ethereum (ETH), or XRP through everyday spending. Starting May 1, the new SBI VISA Crypto Card and SBI VISA Crypto Card Gold automatically convert reward points into cryptocurrency. This move could bring crypto rewards …
The rule forms part of the central bank's broader effort to bring cross-border payments fully inside the regulated FX system.
Heightened US-Denmark tensions may signal a shift in US foreign policy focus away from Europe, impacting transatlantic diplomatic dynamics.
The post Trump’s Greenland acquisition unlikely amid US-Denmark tensions appeared first on Crypto Briefing.
Geopolitical tensions and supply disruptions may sustain elevated oil prices, impacting global markets and economic stability.
The post Iran closes Strait of Hormuz, US maintains blockade amid oil price surge appeared first on Crypto Briefing.
Celsius founder Alexander Mashinsky, who was responsible for the $4.7 billion 2022 crypto crash, has been banned from crypto. This forms part of a $10 million settlement with the Federal Trade Commission (FTC) while the crypto founder continues to serve a 12-year sentence. Celsius Founder Banned From Crypto As Part of $10 Million FTC Settlement A court order filed by the FTC shows that the Celsius founder is permanently banned from crypto. The order stipulates that Mashinsky is not allowed to advertise, market, promote, offer, distribute, or assist in doing any of these things with respect to products or services used to deposit, exchange, invest, or withdraw assets. Related Reading: Here’s What Happened In The Donald Trump Crypto Meeting With $TRUMP Holders This crypto ban forms part of a $10 million settlement with the FTC. The order included a $4.72 billion monetary judgment against the Celsius founder in favor of the Commission. This sum relates to Mashinsky’s role in the 2022 crash of his crypto lending platform, which left customers unable to access $4.7 billion in deposits. However, this monetary judgment is suspended, and Mashinsky has been ordered to pay $10 million to satisfy this monetary relief. The order also noted that the crypto founder shall be deemed to have satisfied the payment obligation if he pays this amount to the Department of Justice (DOJ) pursuant to the forfeiture order entered in his criminal case. It is worth noting that the Celsius founder is currently serving a 12-year sentence for fraud and market manipulation. The crypto founder had pleaded guilty in 2024 to committing commodities fraud and securities fraud at Celsius and was subsequently sentenced last year. The prosecution revealed that Mashinsky had used customers’ assets to place risky bets and to “line his own pockets.” In addition to his prison term, the Celsius founder was also sentenced to three years of supervised release and ordered to pay a $50,000 fine and forfeit $48 million. Crypto Founder Denied New Trial In Fraud Case Sam Bankman-Fried (SBF), who was convicted for fraud like Mashinsky, has had his request for a new trial denied. According to an ABC report, a federal judge denied SBF’s request for a new trial, rejecting the FTX founder’s claims that there are new witnesses in his case who could give evidence that would clear him of any wrongdoing. Related Reading: Crypto Decentralization Myth Busted: ETH And USDT Freezes Unveil A Shocking Truth The judge described this claim as baseless. SBF is currently serving a 25-year prison sentence for his role in the collapse of defunct crypto exchange FTX. Bankman-Fried was found to have used up to $8 billion in customers’ funds for his personal projects. However, he continues to deny any wrongdoing despite being found guilty, stating that his exchange was always solvent. It is worth noting that SBF was also seeking a pardon from U.S. President Donald Trump, but the White House has revealed that Trump has no plans to pardon him. Featured image from iStock, chart from Tradingview.com
Heightened border tensions could delay Israeli withdrawal plans, impacting regional stability and influencing geopolitical market dynamics.
The post IDF restores security guidelines amid Lebanon border tensions appeared first on Crypto Briefing.
Comey's indictment may accelerate legal proceedings, impacting political dynamics and public trust in justice system integrity.
The post James Comey indicted for threats against Trump, arrest seen as imminent appeared first on Crypto Briefing.
Bitmine Immersion Technologies, led by Tom Lee, has added roughly $508 million in Ethereum to its staking operations, according to on-chain data from Arkham Intelligence. The firm now has more than 4 million ETH staked, valued at nearly $9.3 billion, representing about 10.5% of the network’s total staked supply. This aggressive strategy locks up large …
Your day-ahead look for May 1, 2026
The Tokyo-based broker is betting big on crypto with plans in Singapore and a Visa partnership for bank cards that allows users to accumulate digital assets.
Zcash price action in April reflects a shift in both structure and narrative, as ZEC holds above key technical levels while adoption metrics strengthen. With rising shielded activity, new exchange integrations, and improving liquidity pathways, the current setup suggests a pivotal phase for ZEC price prediction May 2026. Zcash Price Structure Signals Continuation Above Key …
Solana's quantum security lead may boost investor confidence and market position, while Ethereum's lag could affect its long-term appeal.
The post Solana leads in quantum security with NIST-approved signatures, ahead of Ethereum appeared first on Crypto Briefing.
Regional instability may escalate, hindering diplomatic progress and impacting global oil transit through the Strait of Hormuz.
The post UAE distrusts Iran over Hormuz, complicates US-Iran peace efforts appeared first on Crypto Briefing.
CryptoQuant's latest Apr. 30 read shows that perpetual futures are driving Bitcoin's recovery, while spot demand is still shrinking. That is the same market structure seen during the 2022 bear market rallies, when leverage-driven rebounds gave way to fresh downside. Spot buying through exchanges, ETFs, or direct on-chain accumulation represents committed capital. At the same […]
The post Bitcoin is repeating a 2022 pattern – and this time we’re missing the buyers for what came next appeared first on CryptoSlate.
The breakdown in US-Iran trust and military escalation risks destabilizing regional security and complicating future diplomatic efforts.
The post Iran accuses US of strikes during talks, military tensions rise appeared first on Crypto Briefing.
US spot Bitcoin ETFs posted strong April inflows as Bitcoin rallied, with IBIT leading gains despite late-month outflows across funds.