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  • Vanguard reverses course, opens door to Bitcoin, Ethereum, XRP, and Solana ETFs

    Vanguard reverses course, opens door to Bitcoin, Ethereum, XRP, and Solana ETFs

    Vanguard opens door to Bitcoin, Ethereum, XRP, and Solana ETFs

    • Vanguard now allows clients to trade Bitcoin, Ethereum, XRP, and Solana ETFs.
    • XRP ETFs have seen $756M inflows in 11 days, with no outflows recorded.
    • Goldman and other firms are boosting crypto exposure alongside Vanguard.

    In a dramatic shift that signals growing acceptance of digital assets by mainstream finance, Vanguard has opened its brokerage platform to regulated crypto ETFs.

    Starting this week, US investors can access exchange-traded funds tied to Bitcoin, Ethereum, XRP, and Solana, marking a major reversal from the firm’s long-held resistance to cryptocurrency.

    Notably, the move comes amid surging client demand and increasing institutional interest in digital assets, reshaping Vanguard’s traditional investment philosophy.

    Vanguard finally embraces crypto

    For years, Vanguard maintained a cautious stance toward cryptocurrencies, with former CEO Tim Buckley publicly dismissing BTC and other digital assets as too speculative and unsuitable for long-term portfolios.

    The firm consistently refused to offer crypto ETFs, emphasising stability and low-risk investments for retirement-focused clients.

    However, leadership changes paved the way for a rethink.

    Salim Ramji, formerly the global head of ETFs at BlackRock, assumed the CEO role and gradually steered Vanguard toward regulated crypto offerings.

    While the firm still will not create its own crypto ETFs or mutual funds, it now supports third-party products that meet regulatory standards, providing clients with access to digital assets while maintaining compliance.

    The platform expansion enables more than 50 million US brokerage clients to trade crypto ETFs alongside other non-core assets like gold.

    This could significantly increase market participation, with some predicting near-term price boosts in Bitcoin (BTC) and Ethereum (ETH).

    Vanguard’s inclusion of XRP ETFs

    Among the new offerings, XRP-based ETFs have generated particular excitement.

    In just 11 trading days, spot XRP ETFs have recorded net inflows exceeding $756 million, with total assets under management reaching $723 million.

    Remarkably, there have been no outflows, and major inflow events include $243 million during Canary Capital’s launch, $164 million tied to Grayscale and Franklin Templeton ETFs, and $89.65 million in the most recent session.

    This rapid accumulation is reducing the liquid XRP supply on exchanges, potentially creating a supply shock that could influence pricing.

    Mainstream finance accelerates crypto adoption

    Vanguard’s pivot reflects a broader trend among traditional financial institutions embracing crypto.

    Goldman Sachs, for example, is deepening its exposure through a $2 billion acquisition of Innovator Capital Management, which issues defined-outcome ETFs, including Bitcoin-linked structured funds.

    The bank has rapidly increased its holdings in Bitcoin and Ethereum ETFs, totalling billions in assets, while also developing infrastructure for tokenised financial products.

    Industry observers view these moves as part of a gradual yet significant integration of digital assets into mainstream portfolios, indicating that regulated, institutionally backed crypto investment is shifting from a niche to a standard.

    The implications of Vanguard’s decision extend beyond immediate market activity.

    By allowing access to regulated crypto ETFs, the firm is providing a channel for both retail and institutional investors to participate in digital asset markets within a familiar, compliant framework.

    This could draw additional inflows, potentially reshaping liquidity dynamics and market sentiment across Bitcoin, Ethereum, XRP, and Solana.

    For Vanguard, the shift represents not only a strategic response to client demand but also an acknowledgement that digital assets have become a permanent fixture in the global financial landscape.

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  • FUSE token regains momentum after SEC issues no-action letter to the Solana DePIN project

    FUSE token regains momentum after SEC issues no-action letter to the Solana DePIN project

    SEC issues no-action letter to FUSE token

    • SEC clears FUSE token as a non-security, providing regulatory clarity.
    • FUSE token rewards network participation and green energy actions, not profits.
    • Market shows renewed momentum, boosting FUSE token price outlook.

    The US Securities and Exchange Commission (SEC) issued a no-action letter to Fuse, a Solana-based decentralised physical infrastructure network (DePIN) project, providing the token with rare regulatory clarity.

    This development has sparked optimism on the FUSE token’s potential, highlighting its utility-driven design and positioning it as a notable example of how blockchain projects can navigate US securities regulations.

    SEC clears Fuse

    Fuse Crypto submitted a formal request to the SEC’s Division of Corporation Finance on November 19, seeking confirmation that it could continue offering its FUSE token without triggering enforcement action.

    In its response, the SEC confirmed it would not recommend enforcement, based on the specific facts and circumstances described by Fuse.

    This no-action letter, while conditional, marks a significant milestone for the project, as such regulatory guidance is rare in the crypto space.

    Notably, the SEC decision signals a shift under Paul Atkins’ leadership toward a more practical and balanced approach to token oversight, contrasting with the more stringent policies of previous administrations.

    Unlike speculative tokens, the FUSE token is designed for participation and network utility.

    It functions as a reward for users maintaining Fuse’s distributed infrastructure rather than as an investment vehicle.

    Holders earn tokens through active engagement, such as contributing to the network’s Solana-based operations, installing solar panels, or using electric vehicle chargers.

    By linking token rewards to tangible, energy-focused activities, Fuse has structured FUSE as a consumptive asset that aligns with regulatory expectations, reducing the risk of it being classified as a security under US law.

    Utility-driven token model

    The SEC highlighted that FUSE token holders do not expect profits from Fuse’s managerial efforts, and the token does not grant ownership, dividends, or voting rights.

    This utility-driven framework allows participants to redeem tokens for benefits such as energy bill discounts, priority access to home electrification upgrades, or carbon-offset programs.

    By emphasising real-world use cases and sustainable energy participation, Fuse has created a model where blockchain technology directly incentivises environmentally conscious behaviour.

    The token’s scalability ensures it can grow alongside the project’s broader green energy initiatives, reinforcing its role as a functional, consumptive asset rather than a speculative instrument.

    The approval has resonated across the DePIN sector, a space valued at over $24 billion, as it provides a blueprint for other infrastructure-driven blockchain projects.

    Fuse’s approach demonstrates how decentralised networks can effectively integrate tokenised rewards with practical utility, offering both financial and environmental value to participants.

    Market impact and FUSE token price outlook

    Following the announcement, the FUSE token has shown signs of regaining momentum in trading markets.

    Current figures indicate that the token trades around $0.0077, with a market capitalisation of approximately $2.4 million and total value locked exceeding $68 million.

    Over the past year, the token experienced a significant decline from its all-time high of $2.13 in January 2022, but the SEC’s no-action letter has injected renewed confidence among investors.

    Looking ahead, Fuse’s strengthened regulatory position, combined with its utility-oriented model, could positively influence the FUSE token price outlook over the medium term.

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  • Crypto wrap: Bitcoin, Ethereum, BNB, Solana, and XRP muted after CPI report

    Crypto wrap: Bitcoin, Ethereum, BNB, Solana, and XRP muted after CPI report

    Bitcoin Price

    • Cryptocurrencies including Bitcoin, Ethereum, BNB, Solana, and XRP traded higher and then pared gains.
    • Sentiment improved with the release of the US Consumer Price Index (CPI) report, but prices failed to rally.
    • Analysts say the CPI data makes a Federal Reserve rate cut on October 29 “highly probable”.

    Major cryptocurrencies including Bitcoin, Ethereum, BNB, Solana, and XRP have maintained steady prices despite Wall Street’s robust reaction to a key economic data release. 

    As such, the cryptocurrency market was largely muted on Friday October 24, 2025, with an initial price spike following the release of the US Consumer Price Index (CPI) report failing to flip into notable gains. 

    While several coins traded in the green, the subdued action meant the global crypto market capitalization, per CoinGecko, remained at $3.81 trillion.

    Sentiment was still largely negative as the Fear & Greed index hovered at 32 and was in fear territory.

    Meanwhile, global daily trading volume slipped to $153 billion.

    Bitcoin, Ethereum prices as investors react to CPI data

    The Bureau of Labor Statistics released the US CPI inflation report for September on Friday.

    Data showed inflation was cooler than expected, with headline CPI at 0.3% and core inflation at 0.2%.

    Meanwhile, both year-over-year measures for headline and core came in at 3%.

    Economist Mohamed El-Erian commented on what the data says:

    “This report makes a Federal Reserve rate cut next week highly probable. What happens beyond that, however, will depend on subsequent data, primarily confirmation of a softening labor market and continued disinflation.”

    Stocks however, soared amid the report and a host of other bullish factors.

    Bitcoin traded to highs of $111,842 before quickly retreating to $110,500.

    Ethereum on the other hand, rose slightly to near $4,000 before revisiting $3,870 and settling just above $3,900.

    Despite the cooling inflation data, analysts see a 99% likelihood of a Federal Reserve rate cut on October 29.

    This will feed into risk asset appeal and both BTC and ETH could rally past key supply walls around $115k and $4,250.

    BNB steady after Changpeng Zhao pardon

    BNB, the native token of Binance, has maintained its price at $1,106, with negligible movement post-CPI.

    The token is benefiting from Binance’s dominance in spot trading, and the news of President Donald Trump’s pardon of founder Changpeng Zhao buoyed the broader market.

    BNB price moved from lows of $1,048 to near $1,150 on October 24 before settling near the psychological $1,000 mark.

    Solana and XRP steady but below key levels

    Both Solana and XRP held steady at $190 and $2.49, respectively.

    Network activity, partnerships and acquisitions have complemented sentiment built around spot ETF anticipation and treasury strategy moves.

    However, SOL and XRP are below the key buy zones of $200 and $3.00, respectively.

    Confidence could skyrocket if bulls take out bears at these levels.

    News that Ripple is one of the crypto titans bankrolling donations for Trump’s White House ballroom project see XRP get further limelight.

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  • Crypto wrap: Bitcoin’s sharp fall drags Ethereum, XRP, Solana and BNB lower

    Crypto wrap: Bitcoin’s sharp fall drags Ethereum, XRP, Solana and BNB lower

    Bitcoin Price Dump

    • Bitcoin slides below $104K as crypto sell-off deepens.
    • $1B in crypto liquidations hit traders within 24 hours.
    • Aave, Flare, BCH sink; Jito jumps on a16z investment.

    The cryptocurrency market has extended its unstable week with a broad sell-off, erasing gains from earlier in the period amid Bitcoin’s slump to under $104,000.

    Meanwhile, the global cryptocurrency market capitalization dropped by more than 3% to $3.5 trillion – before a slight recovery as Bitcoin reclaimed the $107,000 level.

    CoinGlass data showed the global crypto liquidations jumped to over $1.04 billion in 24 hours, with longs suffering the most pain.

    Open interest was down 3.8% to $150 billion as Ethereum, XRP, Solana, and BNB all retested, and in some cases, dropped below key levels.

    Bitcoin slumps to $103,598

    Bitcoin led the market’s steep drop on Friday, October 17, 2025. While the sharp decline was not as bloody as the annihilation seen on Oct. 10, the fall to lows of $103,500 marked another big swing for BTC.

    The benchmark digital asset had partially recovered to highs of $106,600 at the time of writing.

    However, the slump injected fresh fears into a market that witnessed a historic $19 billion liquidation event a week prior.

    Notably, Bitcoin’s dump came amid investor jitters across Wall Street following bad loans news from two US regional banks.

    A spooked market reacted lower, and BitMEX co-founder Arthur Hayes shared his view on what that could mean.

    ETH, XRP, SOL and BNB mirror BTC’s woes

    Bitcoin hogged headlines for its sharp drop, with an intraday range of $109,260 and $103,598. However, the rot was widespread and Ethereum, XRP, Solana and BNB all shed a significant portion of recent gains.

    Specifically, Bitcoin’s woes that aligned with major ETF outflows saw Ether price drop to under $3,680.

    This extended the decline below the key support level of $4,000, although bulls hovered near $3,800 at the time of writing.

    Crypto analyst Lark Davis said Ethereum is poised at a make-or-break level.

    Elsewhere, XRP price fell more than 4% to lows of $2.20, well off key support of $2.50 and the psychologically important $3.00.

    Ripple’s acquisition of treasury firm GTreasury and reported $1 billion raise for XRP could be key to bullish sentiment.

    Solana, which traded around $182, had declined nearly 5% as it touched lows of $174 to inject fresh bearish sentiment below the critical $200 mark.

    The market also saw BNB, one of the top performers in the past months, suffer more profit-taking as the price touched lows of $1,024. BNB hit its all-time high of $1,370 on Oct. 13.

    Aave, Flare, Bitcoin Cash among top losers

    As the top altcoins mirrored the BTC downturn, with losses on Wall Street catalyzing the dump, Aave, Aster, Flare and Bitcoin Cash emerged as some of the top losers on the day.

    Notably, AAVE was down 13%, ASTER -10%, FLR -9.7% and BCH traded -8% to lead underperformers among the 100 largest coins by market cap.

    Earlier in the day, Zcash fell below $190 amid a 20% dip before a slight rebound pushed ZEC above $216. The privacy coin’s value was 7% down in the past 24 hours.

    Ethena, ZORA and Jito were among the top gainers, with Jito benefiting from bullish news related to a $50 million investment by a16z.

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  • Jito’s JTO token rises on a16z’s $50 million investment in Solana staking protocol

    Jito’s JTO token rises on a16z’s $50 million investment in Solana staking protocol

    a16z Invest In Jito

    • Jito’s native token, JTO, jumped 3% intraday on October 16, 2025, following a16z’s $50 million investment.
    • The $50 million investment by Andreessen Horowitz’s crypto arm, acquiring locked JTO tokens, signals strong institutional confidence in Jito’s liquid staking and MEV solutions.
    • The funding will fuel Jito’s Block Assembly Marketplace and node expansion.

    Andreessen Horowitz’s crypto arm has  announced a $50 million investment in Jito, acquiring a substantial allotment of the protocol’s native JTO tokens.

    Jito, an important infrastructure layer on the Solana blockchain, offers liquid staking and maximum extractable value (MEV) extraction.

    a16z investment of $50m in staking protocol

    Andreessen Horowitz’s (a16z) $50 million infusion into Jito marks the venture firm’s largest single commitment to a Solana staking protocol.

    It eventually emphasizes strategic token purchases over traditional equity. In exchange for the investment, a16z received non-circulating JTO tokens, locking them for an extended period.

    Brian Smith, executive director of the Jito Foundation. highlighted the deal’s novelty:

    If you’re accepting long-term alignment where you can’t sell for a while, then there’s traditionally some modest discount associated with that.

    This structure, particularly 16z’s prior $55 million LayerZero and $70 million EigenLayer investments, prioritizes ecosystem growth over quick flips.

    The capital to accelerate Jito’s roadmap, including BAM node expansion.

    Strategically, it aligns a16z with Solana’s high-throughput ethos, where Jito’s MEV tools mitigate front-running risks plaguing other chains.

    This infusion arrives amid a16z’s aggressive crypto pivot, following $4.5 billion in new funds raised earlier in 2025.

    As institutional inflows swell, the deal could herald a staking renaissance, democratizing yields while fortifying blockchain security.

    Jito price outlook

    Jito is currently trading at $1.16, up nearly 3% and has touched highs of $1.19 across major exchanges.

    The gains came amid news of a16z’s investment and reflected trader optimism around the token as institutional validation takes root. Solana’s price rising in the past few weeks also buoyed traders.

    Analysts are linking this rebound to the investment’s timing, coinciding with positive Solana network metrics. This includes a 15% uptick in daily active users and rising decentralized finance volume.

    In terms of the technical outlook for JTO, the daily chart price is near the oversold territory with the Relative Strength Index (RSI) at 35.

    The indecisive market nonetheless has Jito poised above $1 after bulls recovered from lows of $0.33 seen on October 10, 2025.

    Jito price chart by TradingVew

    Other than the technical perspective, regulatory shifts that could impact liquid staking tokens remain a risk.

    However, recent SEC exemptions and broader market downturns indicate a long-term bullish outlook.

    The surge to near $1.20 suggests bulls could eye the $1.50-$1.70 range, above which lie the key targets of $1.85 and $2.56.

    If market conditions align, buyers will target the all-time peak above $5.61 reached in December 2023.

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  • SOL price gains momentum as DeFi Dev Corp adds $77M in Solana to treasury

    SOL price gains momentum as DeFi Dev Corp adds $77M in Solana to treasury

    • The company has acquired 407,247 SOL tokens in its latest purchase.
    • DeFi Dev Corp. now holds Solana worth around $371M, 1.83 million coins.
    • On-chain indicators support SOL’s upside trajectory.

    The first Nasdaq-listed firm with a Solana-centric treasury strategy is once again in the spotlight.

    According to the latest press release, DeFi Development Corp. disclosed the purchase of 407,247 SOL assets valued at approximately $77 million.

    The recent accumulation increased the company’s total SOL holdings to 1,831,011 tokens, worth around $371 million.

    Notably, DeFi Dev Corp. utilized the latest fundraising to fund the purchase, and still holds more than $40 million for more Solana buys and supporting treasury operations.

    The bold bet signals the firm’s conviction in Solana’s growth trajectory.

    Solana price displays optimistic performance amid these developments, with on-chain metrics supporting DeFi Dec Corp’s accumulation strategy.

    Long-term holding and staking plans

    DeFi Development Corp. made it clear that it is not after short-term gains.

    The firm confirmed that it will hold the newly purchased Solana long-term and stake the assets across different validators.

    The announcement stated:

    The newly acquired SOL will be held long-term and staked to a variety of validators, including DeFi Dev Corp’s own Solana validators to generate native yield.

    The staking strategy enables the firm to generate native yield while ensuring the security and health of Solana’s blockchain.

    Further, the approach means additional earning opportunities for shareholders as it combines staking incentives and SOL price growth.

    What does it mean for Solana?

    Solana has dominated crypto trends over the past months, with increased adoption in payments, meme coins, DeFi, and NFTs.

    Its scalability and speed have made it a perfect alternative for institutions and developers.

    DeFi Dev Corp’s Solana holdings reflect how markets are increasingly viewing Solana as an asset with potential beyond speculation.

    Furthermore, endorsement by a Nasdaq-listed company legitimizes the altcoin, making it attractive for institutions seeking crypto exposure.

    Solana bullish outlook

    These developments come as the native token traded in the green region.

    SOL gained more than 15% the previous week to $211.

    Bullish sentiments fuel the chain, especially as the community votes for the Alpenglow proposal.

    The proposal seeks to reduce block finality to 150 milliseconds from 12.8 seconds.

    That will turbocharge the blockchain by supporting thousands of transactions per second while ensuring near-zero transaction charges.

    That makes the Ethereum twelve-minute finality glacial.

    Simply, the second-largest blockchain takes minutes to finalize transactions. In Solana, it is instant.

    These narratives echo analysts, who are predicting massive gains for SOL.

    For example, Ali Martinez mapped Solana’s path to $300 in the near-term.

    That would mean a rally of over 40% from the current market price.

    Moreover, prevailing institutional interest sets the stage for significant long-term rallies.

    Proponents believe Solana has what it takes to skyrocket to $1,000 in a full-blown bull market.

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  • The altcoin uprising: Ether, Solana, and BNB defy market fear as Bitcoin stalls

    The altcoin uprising: Ether, Solana, and BNB defy market fear as Bitcoin stalls

    The altcoin uprising: Ether, Solana, and BNB defy market fear as Bitcoin stalls

    • Major altcoins like Ether and Solana are strongly outperforming Bitcoin.
    • BNB, the token of BNB Chain, surged 6% to a new all-time high of 875.
    • Bitcoin’s market dominance is on the verge of hitting a new six-month low.

    In a stunning display of defiance, a powerful cohort of major altcoins staged a dramatic comeback on Wednesday, completely eclipsing Bitcoin and brushing off a wave of risk-aversion that sent traditional stock markets lower.

    The move signals a potential changing of the guard, as leadership in the digital asset space appears to be shifting, at least for now, from the king to its court.

    The rebellion was led by BNB, the native token of the BNB Chain, which blasted through to a fresh all-time high, surging 6% to hit 875.

    The ferocity of the rebound was just as palpable in the Ethereum market, where Ether (ETH) rocketed 7% from its overnight lows to 4,350, completely erasing all of Tuesday’s losses in a single, powerful move.

    Some market observers speculated the rally was fueled by ETH treasury firms strategically buying the dip.

    The strength was broad-based. Solana’s SOL gained a formidable 6.1%, also outpacing its recent decline, while tokens for ChainLink and AAVE put on even more impressive shows, soaring 10% and 7%, respectively.

    A king on shaky ground

    While the altcoin market was exploding with activity, Bitcoin was a sea of calm. The leading cryptocurrency advanced a modest 1.4% from its lows, trading just above 114,000.

    This tepid performance was more in line with the broader capital markets, where major stock indices like the S&P 500 and the tech-heavy Nasdaq closed in the red.

    This stark divergence is forcing a market-wide reassessment. The relative strength of altcoins during a period of fear is a notable and potentially significant signal.

    Bitcoin’s dominance—a key metric measuring its share of the total crypto market capitalization—is now teetering on the brink of a new six-month low.

    Historically, a sustained fall in Bitcoin’s dominance is the classic harbinger of an “altcoin season,” a period where smaller, riskier tokens take the lead.

    But before investors get carried away by dreams of repeating the wild, speculative rallies of past cycles, a crucial note of caution has been sounded.

    Analysts at ByteTree, led by Shehriyar Ali and Charlie Morris, warn that the rules of the game have fundamentally changed.

    “An alt season may be brewing, but it will not look like the wild rallies of the past,” their report stated. 

    Instead, it will be defined by selective, fundamentals-driven growth, rewarding quality projects and penalising those without substance.

    The message is clear: the era of blind speculation may be over. The current uprising is not lifting all boats equally.

    Instead, it appears to be a more discerning, mature rebellion, one that is selectively rewarding projects perceived to have genuine value and long-term potential.

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  • Solana price breaks past $200, targets July peak

    Solana price breaks past $200, targets July peak

    Solana price breaks past $200

    • Solana (SOL) jumps above $200, aiming for the July peak of $206.32.
    • Whale sales and unstaking raise short-term supply concerns.
    • $170 support and $206 resistance are key to the next price move.

    Amid renewed altcoin market optimism, the native token of Solana, SOL, has surged past the $200 mark, reclaiming a key psychological level.

    Over the past 24 hours, SOL has risen by 15.4% to trade near $201.71, with a 24-hour range stretching from $174.20 to $201.58.

    Solana now targets July peak

    Crucially, breaking $200 is a psychological and technical milestone that can attract buyers. As renowned analyst Jelle notes, “above $200, very little resistance left to bring it back down.”

    Technically, a minor support sits at $195.26, while the critical support ranges from $187.71 to $184.67.

    A breakdown through $173.43 would signal a medium-term reversal and might target the June–August trendline near $163.37.

    However, on short timeframes, the hourly Moving Average Convergence Divergence (MACD) is gaining in the bullish zone, and the Relative Strength Index (RSI) remains above 50, indicating moderate momentum.

    With the sharp price surge, all eyes are now on the July high at $206.32 as the next immediate target.

    Moreover, if SOL clears $206.32, there are chances that it could extend toward the March 2024 peak at $210.18, testing bullish conviction. Market analysts project that the token will rise to $222.66 or even $230.32, especially if it clears the resistance at $204.

    So far, SOL has climbed more than 13% from Monday’s low of $173.43, hinting at a strong bullish momentum.

    Whales stir concern

    Meanwhile, on-chain data shows large transfers to exchanges, prompting questions about distribution.

    Specifically, more than 226,000 SOL moved to exchanges in recent days.

    Notably, one whale slashed holdings by 71% in under two days, trimming a $24 million position to roughly $6.8 million.

    These sales clustered near an average price of about $177 and coincided with a dip below $185.

    SOL unstaking adds pressure

    In addition, a wallet linked to Alameda Research unstaked roughly $35 million worth of SOL.

    The tokens had been locked since late 2020, when their value was about $350,000 — a roughly 100-fold gain.

    Nevertheless, the Net Position metric remains positive and has helped price consolidate above the critical $170 level.

    What traders should watch out for

    Notably, despite the rebound, Solana has lagged Ethereum in recent stretches.

    Indeed, SOL is up roughly 1.07% in August while ETH has gained about 15.75%. Over the quarter, ETH’s roughly 72% return far outpaces SOL’s near 12.8%.

    Importantly, large exchange inflows and the Alameda unstaking raise the prospect of coordinated distribution.

    If $170 fails to hold, traders should expect increased downside and a deeper correction.

    Conversely, a sustained breakout above $206.32 could draw fresh buyers and revive momentum.

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  • Solana price forecast as SOL bulls look to buy the dip

    Solana price forecast as SOL bulls look to buy the dip

    Solana price prediction

    • Solana has fell 7.6% in the past 24 hours to touch lows of $166.
    • The technical outlook on the daily chart shows price is taking on a bearish flip.
    • Bulls bouncing amid crypto recovery could target $200.

    Solana has experienced a 7.6% dip in the past 24 hours to touch lows of $166, with declines coming amid widespread selling across crypto.

    But as the volatility prompts some investors to take profits, bulls are likely eyeing the downturn as a buying opportunity.

    Here’s a look at the technical picture for SOL.

    Solana drops to key support level

    As highlighted, Solana’s price has declined by about 7.6% in the past 24 hours, trading to lows near $166.

    CoinMarketCap data shows Solana’s 24-hour trading volume increased by about 25% to $7.38 billion, which hints at heightened market activity.

    It’s an outlook that mirrors the broader crypto market performance, with Bitcoin (BTC) selling-off to below $115k, Ethereum (ETH) to around $3,500 and XRP down 7% to around $2.90.

    Losses across board saw total liquidations reach $758 million in the last 24 hours, with SOL seeing about $43.8 million liquidated.

    The sudden price dip meant most of the liquidations are of bullish Solana bets, which Coinglass data shows at $42 million of the $43.8 million.

    A bearish sentiment amid this flip has SOL currently hovering at a key support level.

    Could bulls capitalize on the dip to build fresh momentum towards $200? Continued network growth, as highlighted by key metrics such as active users and revenue, suggests Solana is strong long term.

    Solana price prediction

    The Solana price prediction for 2025 is largely bullish, with analysts seeing it as a key breakout level.

    Conservative forecasts put SOL at $500 by the end of 2025, mainly driven by Solana’s robust ecosystem and institutional interest.

    Spot ETFs and regulatory tailwinds could be the main catalyst.

    However, what’s the short-term outlook as cryptocurrencies navigate yet another sell-off phase?

    SOL price chart by TradingView

    The technical outlook on the daily chart shows the price remains within an ascending channel, but has broken below the middle line.

    Meanwhile, the Relative Strength Index (RSI) stands at 45, below the midpoint after SOl flipped from overbought territory.

    The RSI indicator is also downsloping to suggest a potential move toward the oversold zone.

    SOL’s daily chart also shows the Moving Average Convergence Divergence (MACD) indicators hinting at bearish momentum after a bearish crossover.

    While a drop below $160 may test lower supports at $145 and $130, a reversal amid buying pressure will allow buyers to target $200.

    As noted, some analysts are predicting SOL price to $500 in a sharp rally amid spot Solana ETFs approval.

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  • Solana price prediction: SOL targets breakout above $200

    Solana price prediction: SOL targets breakout above $200

    Solana Price Bullish

    • Solana price is above $190, with intraday highs of $192 as bulls target the psychological $200 level.
    • Analysts say SOL could explode above the $190 level amid current altcoin gains.
    • Institutional interest in Solana continues amid investment product inflows.

    Solana (SOL) is trading above $190 on Monday, breaking higher to hit its highest level since February.

    This comes as SOL gained over 14% this past week and by more than 34% in the past month, buoyed by a rally for altcoins after the GENIUS Act became law.

    With on-chain activity and technical indicators bullish, analysts say a breakout above $190 could see Solana rally hard. Other altcoins, including Ethereum, XRP, and Cardano, are also bullish.

    Solana price breaches key resistance level

    Solana has recently ticked higher amid an upward trend that excites bulls, with analysts noting it’s poised for a potential parabolic move if it breaks above a critical resistance level.

    According to an analysis by Glassnode, the next major resistance for SOL is around $190, where investors have accumulated over 8 million Solana tokens.

    Although this accumulation zone represents a significant hurdle, bulls are currently retesting it.

    Buyers have in the past 24 hours gained nearly 7% to breach the supply barrier and reach intraday highs of $191.79.

    Furthermore, Glassnode suggests breaking above this level could be key as the supply becomes less dense.

    As a thinning supply zone sits above $190, the $200 price level could be on the cards.

    SOL price forecast

    As noted, market forecasts for Solana are increasingly optimistic, with a confluence of technical and on-chain factors in favour.

    Liquidations have jumped as shorts feel the heat, accounting for over $12 million of the $16 million wiped out in the past 24 hours.

    Notably, market observers say that high market activity has often seen SOL liquidations explode on Solana-based perpetual trading platforms.

    This surge in on-chain liquidations underscores the intense trading volume and speculative interest in SOL, particularly on decentralized platforms leveraging Solana’s high-speed blockchain.

    Crypto analyst Ali Martinez says a break above $189 for SOL leaves nearly no major hurdle for bulls.

    Solana’s total value locked (TVL) amid a massive spike in decentralized finance (DeFi) adoption adds to the bullish sentiment for SOL.

    Solana-based digital asset products exchange-traded products have also been on an upward trend in terms of inflows.

    The ETPs, including exchange-traded funds (ETFs), managed over $39.1 million in inflows for the past week.

    While it lagged Bitcoin’s $2.19 billion in weekly inflows, the number is a reflection of growing adoption for SOL.

    DeFi TVL on Solana has in fact jumped to $10.2 billion, hitting the milestone for the first time in nearly two years.

    The SOL price appreciation has helped push the TVL up, with Jito Sol up to $3.09 billion, Jupiter Exchange to $2.9 billion and Kamino Finance to $2.89 billion.
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