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Solana News
Cryptopotato
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Mounting Evidence of Ethereum’s Struggles: Volatility, ETF Losses, Weak Demand
- Ether's price has struggled to break above the $2,750 resistance level despite a 44% increase this month.
- Evidence points to Ethereum's struggles in the 2023-2025 cycle with increased volatility and unique capital flow patterns.
- Realized volatility for Ether has remained high at around 80%, signaling market uncertainty even as prices declined.
- Weak demand and losses for Ethereum ETFs, with investors facing a 21% unrealized loss, indicate mounting pressure on the crypto asset.
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TheNewsCrypto
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Solana (SOL) on the Edge: More Pain Ahead After a 5% Drop?
- Solana (SOL) has dropped over 5%, currently trading in the $154 range.
- The Solana market has seen $36.44 million in SOL liquidations, reflecting bearish pressure.
- Bearish sentiment prevails in the crypto market, with Solana facing potential further downside correction.
- Key resistance levels between $153.77 and $159.54 will be crucial for Solana's recovery.
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Zycrypto
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Solana Eyes 17x Jump Amid Social Engagements Going Through the Roof to Hit 174 Million
- Solana (SOL), a leading blockchain platform known for scalability and speed, is potentially gearing up for a significant price surge, possibly reaching the $3,050 mark as per analyst Ali Martinez.
- Solana's unique features like handling 65,000 transactions per second and utilizing proof of history (PoH) consensus mechanism contribute to its high speed and efficiency in processing transactions.
- Recent surge in social engagements, with SOL engagements hitting 174 million, indicates heightened interest and speculation around Solana, outperforming Ethereum and XRP in terms of engagement numbers.
- The addition of SOL support by MetaMask will enhance user exposure to digital assets and improve interoperability across various networks beyond Ethereum Virtual Machine (EVM) compatible ones.
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Zycrypto
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Coinbase Set To Launch XRP And Solana Futures Trading In The US As ETF Hype Grows
- Coinbase Derivatives is set to launch 24x7 futures trading for Ripple's XRP and Solana (SOL) on June 13, bridging the gap between fixed trading hours and the 24/7 nature of the crypto market.
- The round-the-clock futures trading will be available for both retail and institutional users in the US, following Coinbase's recent introduction of 24/7 trading for Bitcoin and Ethereum futures.
- Coinbase aims to capture a significant share of the trillion-dollar derivatives market by offering these new products, given that derivatives now account for over 75% of global crypto trading volume.
- This move by Coinbase coincides with various investment managers submitting paperwork for spot XRP and SOL exchange-traded funds (ETFs) with the SEC, as Bloomberg Intelligence analysts raise the estimated odds of US regulators approving a SOL ETF in 2025 to 90% and funds holding XRP to 85%.
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TronWeekly
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Coinbase Launches 24/7 XRP and Solana Futures Trading
- Coinbase announced the launch of 24/7 XRP and Solana futures trading starting June 13, expanding its derivatives offerings beyond Bitcoin and Ethereum.
- The move caters to the need for round-the-clock access for U.S. traders, aligning with global crypto market hours and enhancing real-time risk management.
- XRP and Solana contracts have shown early strong demand, with tens of thousands of contracts traded during initial sessions.
- Coinbase's entry into altcoin futures with XRP and SOL aims to capture a larger share of the global derivatives flow and meet the rising demand for regulated altcoin futures products in the U.S.
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TheCryptoBasic
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Solana Drops to $163 Amid Bearish Pattern: Is $150 Next?
- Solana drops to $163, breaking below key Fibonacci support amid a bearish pattern and rising long liquidations.
- Solana's struggle to maintain bullish momentum, trading at $163, signals a deeper correction as a bearish pattern unfolds.
- With Solana's price down nearly 7% this week, it failed to break above the 61.8% Fibonacci retracement level, forming a double-top pattern.
- Solana's network activity declines as active addresses reduce, while bearish sentiment reshapes the derivatives market with long liquidations surging.
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TheNewsCrypto
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CAR President Approves Tokenizing Land With $CAR Coin on Solana Blockchain
- CAR’s president approves the tokenization of land using $CAR on Solana blockchain starting June 2025.
- $CAR token surged 11% post-announcement, up over 127% in a week amidst a volatile crypto market.
- This initiative could revolutionize land ownership, although concerns arise regarding mining and local impacts.
- The move by Central African Republic aims to introduce transparency and accessibility in land concessions through $CAR token on Solana.
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Blockonomi
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SOL Price Today: Solana Bulls Target $241 Despite Recent Drop
- SOL faces key resistance at $178, with upside potential toward the $241 level.
- Solana has dropped over 12% this week but maintains a bullish structure from $95.
- Current support at $163 is vital for bulls to prevent further downside pressure.
- Analysts see consolidation as the setup for the potential rally if key levels hold.
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Pymnts
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Platforms Drag FinTech IPO Index 0.5% Lower in Shortened Trading Week
- The FinTech IPO Index slipped by 0.4% in a shortened trading week due to the Memorial Day holiday, with platforms leading the decline.
- DeFi Development Corp. (formerly Janover) saw a 44% drop in stock value over the past five sessions after announcing the adoption of liquid staking token technology.
- Upstart shares rose by 6.3% following a partnership with All In Credit Union to offer personal loans, while Flywire shares fell as the company joined Virtuoso's luxury travel partners.
- OneConnect's quarterly results showed a 1.5% increase in stock value with revenue from continuing operations at RMB368 million, while Affirm's shares rose by 10% due to an expanded collaboration with Kayak into Canada.
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Cryptopotato
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Crypto Price Analysis May-30: ETH, XRP, ADA, SOL, and HYPE
- Ethereum (ETH) closed the week with a 2% loss, staying above the key support level of $2,400, while Ripple (XRP) is bouncing around the $2.2 level amidst resistance at $2.6.
- Cardano (ADA) faced a 14% loss, showing signs of a downtrend with key support at $0.7 and $0.64, while Solana (SOL) saw a 9% decrease in valuation, with a major support level at $152.
- HYPE experienced an 8% decrease after a 330% rally, currently facing resistance at $40, with key support at $30 and $27, signaling a corrective move before a potential return to new highs.
- Overall, the analysis reflects various levels of price movement and support/resistance dynamics for Ethereum, Ripple, Cardano, Solana, and HYPE in the cryptocurrency market.
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Crypto-News-Flash
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Solana Signals Sharp 40% Drop Against Ethereum Amid Memecoin Slump
- Solana's SOL/ETH pair confirmed a bearish breakout from a rising wedge pattern, hinting at a 40% drop to 0.037 ETH by July.
- Declines in memecoin-related activities, particularly on Solana's key platform Pump.fun, have put additional pressure on Solana's performance.
- Ethereum's growth with layer-2 networks is outshining Solana, raising concerns about Solana's ability to attract serious developers and investors.
- Chart analyst Alex Clay suggests that Solana's decline against Ethereum may not be temporary, as other altcoins demonstrate stronger technical behavior recently.
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Zycrypto
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SOL Strategies Files Prospectus To Raise Up To $1 Billion To Boost Its Solana Investment
- Canada-listed SOL Strategies filed a preliminary base shelf prospectus to raise up to $1 billion to further invest in Solana (SOL).
- The prospectus, once approved, will allow SOL Strategies to offer various instruments like common shares, debt securities, warrants, and subscription receipts.
- SOL Strategies' CEO mentioned that the filing of the base shelf prospectus supports their growth strategy in the rapidly evolving Solana ecosystem.
- Other companies like Upexi and DeFi Development Corporation are also raising funds to invest in Solana, reflecting growing institutional confidence in Solana's network.
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Cryptoticker
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Will Solana Price Crash to $100?
- Solana's price has shown signs of weakening momentum, currently hovering around $170, with potential for a drop to $100.
- Solana's daily chart indicates sideways-to-weakening price action, struggling to break above $180 resistance.
- On the hourly chart, SOL price has broken down from a consolidation range around $174–$176, signaling a potential bearish trend shift.
- If Solana loses key support levels, like the 0.618 Fibonacci retracement at $146, it could target the $100–$105 zone, representing a 45%+ drop.
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TronWeekly
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Cardano (ADA) Is on the Rise in Bullish Sentiments, Price Rally Next?
- Cardano (ADA) has gained significant popularity among crypto enthusiasts, ranking second in favorability with 91.9% of supporters voting for it.
- Despite recent price decreases, positive sentiment among investors suggests a potential price rally for ADA in the near future.
- The Cardano ecosystem continues to be trusted by investors, with growing community backing and increasing daily transactions on the network.
- Investors and experts show more enthusiasm for Cardano than other major cryptocurrencies like Ethereum, positioning ADA favorably in market sentiment.
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