Shiba Inu (SHIB) traded flat on Monday, hovering near its lowest level since October 2023 despite a sharp rise in token burns. SHIB was priced around $0.0000073, nearly 80% below its 2024 peak. Price action remains weak, with limited buying momentum. Burn rate surges Data shows that more than 7.2 million SHIB tokens were burned in the past 24 hours, a 133% increase from the previous day. Over the past four days, more than 35 million tokens have been removed from circulation, reducing supply to about 585 trillion. Exchange supply declines On-chain data from Nansen indicates that SHIB supply on…
Author: Sazid Kabir
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Solana (SOL) is trading at a critical technical level on Monday as price action tightens near a long-standing resistance trendline that has capped every major rebound in recent weeks. SOL was last quoted around $126.18, stuck between a firm support zone below and a declining resistance line above. Momentum has faded, volatility has narrowed, and neither buyers nor sellers have taken control, leaving the market in a holding pattern. Analyst Ali Martinez described the descending resistance trendline as the key decision point for Solana, a view that is echoed across multiple timeframes. Resistance trendline keeps SOL contained On the 1-hour…
XRP remained stuck below the key $2.00 level on Monday, despite signs of fresh institutional interest, as weak technical signals continued to cap price gains. At 10:21 UTC, XRP was trading at around $1.92, according to Binance data. Broader market pricing showed the token hovering closer to $1.94, with an intraday range between $1.90 and $1.94. The move marked another failed attempt to push decisively above the psychological $2.00 threshold. Institutional inflows support XRP Attention turned to new data from CoinShares, which showed that XRP-linked investment products recorded $62.9 million in weekly inflows. This came even as the wider digital…
Solana remained online during a recent network stress event that reportedly reached 6 terabits per second of traffic, according to data shared by delivery network Pipe. Solana co-founders publicly supported the claim. Despite the load, the network continued producing blocks. There was no outage, no validator restart, and no spike in transaction fees. CryptoSlate reported that confirmations stayed steady throughout the event. SolanaFloor later noted that the traffic figure may have been a short peak rather than sustained pressure. Even so, short bursts are often enough to disrupt unprepared systems. Solana has previously suffered outages caused by transaction spam, including…
Solana’s native token SOL is trading around $122 as cryptocurrency markets enter a period of heightened year-end volatility, with the blockchain showing both signs of stress and continued growth across key metrics. The token has recovered 7% from recent lows near $117 but remains 15% below its November peak. SOL is currently consolidating within a $117-$129 trading range as analysts watch for its next directional move. TVL Drops but Core Metrics Remain Strong Solana’s total value locked (TVL) has fallen to $8.67 billion, a six-month low representing a 34% decline from recent highs. The drop stems primarily from DeFi outflows…
Solana (SOL) has fallen sharply after breaking below the $120 support level, raising concerns about further losses. The token dropped around 13% over the past week, making it one of the weakest performers among the top ten cryptocurrencies. Data from CoinGecko shows Solana is now nearly 60% below its all-time high of $293 and down about 40% so far this year. Analysts warn the price could soon test the $100 level, last seen in April. Market commentator EddieTradezz highlighted a bearish “head and shoulders” pattern, while another analyst, ColdBloodShill, suggested Solana could fall as low as $80 if selling pressure…
Visa has launched a stablecoin settlement service in the United States, allowing partner banks to process payment settlements using USDC, a dollar-pegged stablecoin issued by Circle, on the Solana blockchain. The payments company said the service enables US financial institutions to use USDC for back-end settlement flows. Cross River Bank and Lead Bank are among the first participants. Visa plans to expand access to the service through 2026. Visa said demand from banking partners is increasing as institutions look for faster, more efficient settlement systems that can operate around the clock while remaining compliant with existing financial regulations. The launch…
Solana (SOL) has fallen below key price levels, raising concerns among traders that the cryptocurrency could face further losses in the near term. The token dropped under $130 after failing to hold above $132, a move that followed wider weakness across the crypto market, including declines in Bitcoin and Ethereum. SOL later slipped below $128, gaining downward momentum and briefly touching a low of $121 before staging a modest recovery. At the time of writing, Solana is trading below its 100-hour simple moving average, a signal often seen as a sign of short-term weakness. Price Action and Market Levels Technical…
The Patos (PATOS) meme coin has officially launched its presale on the Solana blockchain this week. The presale is open to public participants through PatosMemeCoin.com, following a successful private incubation round that raised over $91,000 ahead of the public offering. Built as an SPL token on Solana, PATOS positions itself as a transparent meme coin project with a clearly defined whitepaper and roadmap. The project emphasizes simplicity and market-driven growth rather than overpromising complex features. What Does PATOS Mean? According to the project creator, Patos means “duck” in Spanish, symbolizing the idea of a token that can “fly high” in…
Bitcoin is losing strength after failing again to break above the $94,000 resistance zone. The price has now slipped below key volume levels, raising the risk of a deeper correction in the coming days. Bitcoin’s latest rejection at $94,000 confirms a bearish structure. This level is reinforced by major technical indicators, including the 0.618 Fibonacci retracement, the Value Area High, and long-term resistance. The market has repeatedly failed to close above this zone, signaling strong seller control. The drop below the Point of Control (POC) adds further pressure. The POC represents the price area with the highest traded volume. When…