Category: Cryptocurrency News

The Trump administration is currently exploring proposals for major tax, cryptocurrency and administrative reform in the United States.

The Trump administration is currently exploring proposals for major tax, cryptocurrency and administrative reform in the United States.

The Trump administration is currently exploring proposals for major tax, cryptocurrency and administrative reform in the United States.

The Trump administration is currently exploring proposals for major tax, cryptocurrency and administrative reform in the United States.

The Trump administration is currently exploring proposals for major tax, cryptocurrency and administrative reform in the United States.

On Saturday, Arkham Intelligence introduced a newly curated label designed to monitor the wallets of key opinion leaders (KOLs) in the crypto space. To qualify for inclusion, an individual must command a social media following exceeding 100,000. Justin Sun Tops Arkham’s KOL Crypto List—Who Else Made the Cut? Arkham’s compilation reveals that KOLs collectively hold […]

Good news for stablecoins at the crypto summit: the Treasury Secretary, sitting next to Trump, said "We are going to keep the USD the dominant reserve currency in the world and we will use stablecoins to do that." Stablecoins primarily reside on Ethereum. Credit to barthib. The Trump administration continues to deregulate crypto: the Office…
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In the last bull run it was still correlated. People are onboarding like crazy, that’s why we see the price still over $80k, right? Google Trend shows us that although in the last run Bitcoin trended like 1.5x more than now, there is an exceptional interest in the coin. In line with the chart, we…
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Solana has faced intense selling pressure and price swings, with the asset losing over 57% of its value since January 13. Bulls have struggled to regain momentum, and market sentiment suggests that the crypto market is not in a healthy condition for a strong recovery. As uncertainty continues, investors remain cautious, watching for signals of a potential trend shift. Related Reading: Ethereum Holds Key Support Amid Volatility – Can Bulls Break $2.3K To Regain Momentum? However, despite the bearish outlook, some analysts believe that this correction could be nearing its end. Many are now looking for key technical confirmations that could indicate a reversal or breakout in the near future. A top crypto analyst, Ali Martinez, shared a technical analysis on X, revealing that Solana remains in consolidation within a wide range pattern. This type of formation often suggests increasing volatility before a potential breakout to higher prices. If SOL follows the historical behavior of this pattern, it could be positioning for a significant move upward once market conditions stabilize. With Solana hovering near crucial price levels, the coming days will be key in determining whether bulls can reclaim control or if further downside awaits. Traders are now watching for a decisive breakout or another leg down before making their next move. Solana Struggles Around Crucial Demand Solana is struggling to hold the $140 support level after failing to reclaim higher price levels, keeping sentiment bearish as price action continues in a downtrend. Analysts remain cautious, warning that SOL could see further declines unless bulls regain control and establish stronger momentum. The past few weeks have been marked by unpredictable events, adding to the market’s uncertainty. The ongoing trade war developments between the United States, Mexico, Canada, and China have put additional pressure on financial markets, including crypto assets like Solana. Meanwhile, President Trump’s executive order to establish a Strategic Bitcoin Reserve had an underwhelming effect on the market, failing to generate the bullish reaction many investors had hoped for. Despite these challenges, some technical indicators suggest that Solana may be gearing up for a significant move. Martinez’s analysis highlights that SOL remains in consolidation within a right-angled ascending broadening pattern. Historically, this formation has led to high volatility and a breakout in either direction, hinting that a major price move could be coming soon. If Solana breaks below $140, it could trigger a deeper correction, further reinforcing the bearish trend. However, if bulls manage to push SOL above key resistance levels, it could reverse the downtrend and set the stage for a strong recovery rally. Related Reading: Litecoin Holds Bullish Outlook As the MVRV Ratio Signals Strength – Analyst For now, traders are closely monitoring SOL’s price action, waiting for a decisive move that could determine its next major trend. The coming days will be crucial in assessing whether Solana can stabilize and rebound or face further downside pressure. Solana Battles To Hold Ground At Lower Levels Solana is currently trading at $139 after failing to reclaim the 200-day Moving Average (MA) and Exponential Moving Average (EMA), which sit around the $184-$186 resistance zone. The inability to break above these critical levels has left bulls in trouble, as SOL struggles to hold the $140 support and now risks setting fresh lows below $125. The bearish momentum has kept SOL under pressure, with price action confirming a continued downtrend. If sellers gain more control and $140 fails to hold, a breakdown below $125 could trigger further downside, forcing SOL into lower demand zones. However, despite the current weakness, there’s still a chance for recovery. If bulls can push SOL back above $180, reclaiming this critical level could shift market sentiment and trigger a strong recovery move. A decisive breakout above this zone would invalidate the bearish outlook, signaling a potential push toward higher resistance levels. Related Reading: Bitcoin Could Gain Momentum For A Move To $150,000 If Bulls Reclaim This Level – Details For now, traders are watching closely to see whether Solana can hold its key support or if another leg down is inevitable. The next few days will be crucial in determining whether SOL can stabilize or face deeper losses in the short term. Featured image from Dall-E, chart from TradingView