Invest ideasNews
5 Jun 2026, 14:02
Pundit to XRP Holders: You Need to Hear This Now
XRP sits at $1.15 today. Several years ago, with far fewer partnerships and almost no real-world integration, it hit over $3. That gap is what crypto analyst Jesse from Apex Crypto Insights wants people to pay attention to. Crypto enthusiast and XRP supporter Mimo (@Ripple_Mino) shared a clip from Paul Barron’s show, the XRP Pod, where Barron pressed Jesse on his biggest concerns about the XRP ecosystem. What followed was a candid conversation about price suppression, strategic timing, and where the asset might actually be heading. XRP HOLDERS YOU NEED TO HEAR THIS NOW pic.twitter.com/dj5QiqKHh9 — Mino (@Ripple_Mino) June 3, 2026 The Switch That Has Not Been Flipped Jesse asked a crucial question: “I don’t understand how in 2017-2018 the price hit over $3 with almost no integration, and now we’re still at $1” after years of partnerships, acquisitions, and integrations. He told Barron that something does not add up. When Barron pushed him on whether bad actors were involved and XRP’s price was being suppressed , Jesse offered a different possibility. He suggested the low price could be strategic. Ripple may need all the infrastructure in place before activating payment corridors. Liquidity has to be established first. So, the switch, as Jesse put it, may not have been flipped yet. Barron connected this to broader macro conditions, citing a friendly Federal Reserve, potential rate cuts, and regulatory clarity as factors that could move the market. Jesse agreed that those things could help, but he was careful to note XRP may not need all of them . The Gold Question Jesse raised something more speculative but worth noting. He referenced discussions around a “ digital Bretton Woods ,” pointing to conversations about pegging assets to gold in a new global reserve structure. He brought up Judy Sheldon, a known gold advocate who has also spoken about distributed ledger technology. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 He noted that he does not know whether Ripple will “flip switches” on corridors or whether XRP gets pegged to gold in some new international monetary arrangement. He raised it as a legitimate open question, not a certainty. Barron added that nation-states are currently buying gold at a notable rate, which ties into that line of thinking. Does the Community Support this View? Responses to Mimo’s post covered a wide range of views. One user argued that no switch is coming and that the whole setup serves to extract liquidity from retail investors. Another pointed out that OTC buying keeps prices rising for institutions while retail investors sit waiting for recovery. One commenter said suppression is obvious, citing institutional OTC activity and Bitcoin dominance as the mechanism. Others pushed back, with one arguing that a circulating supply in the tens of billions naturally keeps prices low regardless of outside forces. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Pundit to XRP Holders: You Need to Hear This Now appeared first on Times Tabloid .
5 Jun 2026, 14:00
US House Bill Proposes National Bitcoin Reserve Using Forfeited Assets
BitcoinWorld US House Bill Proposes National Bitcoin Reserve Using Forfeited Assets On May 21, Representative Nicholas Begich of Alaska introduced H.R.8957, the Modernizing America’s Reserve Assets Act (ARMA), a bill that would establish a national Bitcoin reserve using digital assets seized through criminal and civil forfeiture proceedings. The full text, now published on the official U.S. Congress website, outlines a framework for the Treasury Department to hold Bitcoin for a minimum of 20 years, with strict oversight and transparency measures. Core Provisions of the ARMA Bill The legislation mandates that Bitcoin obtained through forfeitures be transferred into a strategic reserve and held for at least two decades. During this period, sales or disposals are prohibited. To ensure accountability, the bill requires quarterly proof-of-reserves reports and independent third-party audits. State governments may also voluntarily deposit Bitcoin into separate accounts within the Federal Reserve system, expanding participation beyond the federal level. A key forward-looking provision directs the Treasury and Commerce Departments to jointly study methods for increasing the nation’s Bitcoin holdings within 180 days, without requiring additional appropriations. Potential avenues include converting non-Bitcoin digital assets, using forfeited assets, accepting voluntary donations, leveraging tax or tariff revenue, or utilizing Federal Reserve or gold certificate mechanisms. Comparison with Previous Legislation Analysts have noted that ARMA is more measured than the earlier ‘BITCOIN Act,’ which proposed the purchase of one million Bitcoin. The new bill focuses on existing government-held assets rather than active market purchases, which observers believe improves its political feasibility. However, the bill leaves the door open for future federal Bitcoin acquisitions, as the mandated study could recommend buying more coins. Handling of Forks and Airdrops The bill also addresses digital assets resulting from hard forks or airdrops on government-managed addresses. These would be subject to a five-year sales ban. After that period, their market value would be assessed, with only the most valuable mainstream asset retained and the remainder sold, with proceeds directed to the Treasury. Why This Matters If enacted, ARMA would mark a significant shift in U.S. government policy toward digital assets, moving from passive seizure and auction to long-term strategic holding. The bill’s emphasis on transparency and independent auditing could set a precedent for how sovereign entities manage cryptocurrency reserves. For the cryptocurrency market, the prospect of a federal Bitcoin reserve adds a layer of institutional legitimacy, though the 20-year lock-up period means immediate market impact would be limited. Conclusion H.R.8957 represents a pragmatic step toward integrating Bitcoin into U.S. reserve asset strategy, focusing on existing forfeited holdings rather than new purchases. While its path through the House Financial Services Committee remains uncertain, the bill signals growing congressional interest in digital assets as a component of national financial strategy. FAQs Q1: What is the main goal of the ARMA bill? The bill aims to create a strategic Bitcoin reserve using digital assets seized through criminal and civil forfeitures, with a mandatory 20-year holding period and quarterly proof-of-reserves audits. Q2: Does the bill authorize the government to buy Bitcoin on the open market? No, the bill does not authorize immediate purchases. It requires a study within 180 days to explore potential methods for increasing Bitcoin holdings, which could include future purchases. Q3: How does ARMA differ from the earlier BITCOIN Act? The BITCOIN Act proposed purchasing one million Bitcoin, while ARMA focuses on managing already-seized assets. Analysts consider ARMA more politically feasible due to its more moderate approach. This post US House Bill Proposes National Bitcoin Reserve Using Forfeited Assets first appeared on BitcoinWorld .
5 Jun 2026, 13:55
Indian Rupee Under Pressure: RBI Holds Rates but Actively Defends INR, Says BNY
BitcoinWorld Indian Rupee Under Pressure: RBI Holds Rates but Actively Defends INR, Says BNY The Indian rupee continues to face downward pressure against the US dollar, even as the Reserve Bank of India (RBI) has opted to hold its key policy rate steady. According to a recent analysis by BNY (Bank of New York Mellon), the central bank is actively intervening in the foreign exchange market to defend the currency, signaling a cautious but determined approach to managing volatility. RBI’s Policy Stance and Market Reaction The RBI’s Monetary Policy Committee (MPC) maintained the repo rate at 6.50% for the tenth consecutive meeting, a decision widely expected by markets. The central bank reiterated its commitment to aligning inflation with the 4% target while supporting growth. However, the rupee’s trajectory has been largely influenced by external factors, including a strong US dollar, elevated crude oil prices, and persistent foreign portfolio outflows from Indian equities. BNY’s report highlights that the RBI’s rate hold alone is insufficient to stabilize the rupee. Instead, the central bank has been deploying its substantial foreign exchange reserves—currently over $640 billion—to smooth out sharp depreciation moves. This active defense, while not always visible in daily price action, has prevented a disorderly slide in the currency. How the RBI Is Defending the Rupee The RBI employs a multi-pronged strategy to manage the rupee. Direct intervention involves selling US dollars from its reserves in the spot and forward markets. Additionally, the central bank uses regulatory measures, such as tightening or easing capital flow norms, to influence demand and supply dynamics. BNY analysts note that the RBI’s interventions have been largely effective in containing volatility, but the underlying pressure on the rupee remains. The currency has depreciated roughly 4% against the dollar over the past year, a relatively modest decline compared to other emerging market currencies, thanks to the RBI’s proactive stance. Implications for Investors and Businesses For importers, particularly those reliant on crude oil and other dollar-denominated commodities, the rupee’s weakness translates into higher input costs. Exporters, on the other hand, may benefit from improved competitiveness. Investors in Indian equities and bonds should monitor the RBI’s intervention patterns, as sustained dollar sales could drain reserves and eventually limit the central bank’s ability to defend the currency. The broader macroeconomic picture remains mixed. India’s current account deficit is manageable, and foreign direct investment inflows provide a buffer. However, global uncertainties—particularly the US Federal Reserve’s interest rate trajectory—will continue to dictate the rupee’s path. BNY’s analysis suggests that while the RBI can buy time, structural measures to attract stable capital inflows are necessary for long-term currency stability. Conclusion The Indian rupee remains in a delicate balance. The RBI’s decision to hold rates while actively defending the currency reflects a pragmatic approach to a challenging global environment. BNY’s assessment underscores that the central bank’s intervention strategy has prevented a sharper depreciation, but the currency’s outlook remains tied to global dollar strength and domestic economic fundamentals. For market participants, understanding the nuances of RBI policy is key to navigating the current landscape. FAQs Q1: Why is the Indian rupee falling despite the RBI holding interest rates? The rupee’s weakness is primarily driven by external factors such as a strong US dollar, high crude oil prices, and foreign capital outflows. The RBI’s rate hold supports domestic inflation management but does not directly counteract these global pressures. Q2: How does the RBI defend the rupee? The RBI intervenes in the foreign exchange market by selling US dollars from its reserves, using forward contracts, and adjusting regulatory policies to influence capital flows. These actions help reduce volatility and prevent sharp depreciation. Q3: What does BNY’s analysis mean for Indian investors? BNY’s analysis suggests that while the RBI’s defense of the rupee is effective in the short term, investors should remain cautious about currency risk. Import-dependent sectors may face margin pressure, while exporters could gain. Monitoring the RBI’s reserve levels and policy signals is advisable. This post Indian Rupee Under Pressure: RBI Holds Rates but Actively Defends INR, Says BNY first appeared on BitcoinWorld .
5 Jun 2026, 13:33
Bitcoin: Strategy's Sales Point To More Downside
Summary Bitcoin (BTC-USD) faces renewed downside risk as Strategy (MSTR) begins selling its significant BTC holdings after 41 months of accumulation. MSTR’s potential for further sales, given its 4.2% share of all mined BTC, could exert substantial selling pressure and amplify price declines. Valuation metrics like the NVT ratio suggest BTC is historically expensive, while TAM analysis implies limited future adoption and a slow grind lower. With faith in BTC waning and its explosive growth era over, the asset now appears mature, fully penetrated, and unlikely to deliver superior returns. Bitcoin ( BTC-USD ) took a substantial dip recently when Strategy ( MSTR ) revealed that it had sold some of its BTC for the first time in 41 months. The company sold 32 Bitcoin when BTC traded at $77,000 . Although the sale was not large as a percentage of MSTR’s total Bitcoin holdings, the news shook many Bitcoin holders, who saw Strategy’s holdings as a backstop of the cryptocurrency’s value. Strategy's sales come after a period of considerable weakness for Bitcoin. At the time of this writing, the cryptocurrency was down 36% year-to-date (that may change by the time you see the article), and was trending lower. There are many reasons why Bitcoin’s price may be falling right now, but the biggest one is sentiment. Head anywhere that stocks and crypto are discussed, and you’ll see people questioning whether Bitcoin is really useful, really has intrinsic value, or really is a store of value. And in most cases, those asking the question are not so sure of the answer. The truth is that Bitcoin cannot be valued according to normal methods. As a digital currency, it does not generate cash flows. So, discounted cash flow [DCF] valuation is out where Bitcoin is concerned. You might think that no-arbitrage currency valuations could be used to value Bitcoin. But as a currency not backed by a central bank, Bitcoin also doesn’t have a set interest rate or stable foreign exchange trading band. So, it can’t really be valued using normal currency valuation methods either. Nevertheless, there are ways of approaching Bitcoin’s “true” value, and most of them do not point to the current level being the lowest that BTC could possibly go to. On the contrary, several imply that Bitcoin could go lower. This is a major conundrum. On the one hand, Bitcoin does not have intrinsic value going by conventional securities valuation techniques. On the other hand, it appears to be overvalued going by the unorthodox valuation methods that Bitcoin fans advocate. This isn’t exactly a recipe for optimism about the returns that Bitcoin holders will earn in the future. Speaking of Bitcoin’s returns: One of the main arguments that Bitcoin fans use to support their bullish theses on the coin, is the fact that it has performed so well since inception. Since being invented in 2009, Bitcoin has gone from near-zero (i.e. pennies) all the way to $66,000. Assuming the starting value was $0.01, then that’s a 190% CAGR return–certainly among the best of any asset in the 2009-2026 period. But more recent history reveals a different trend. Bitcoin is actually down over the last 12 months, and underperforming over the last five years . The days of BTC as a driver of explosive returns are long gone. Bitcoin underperforming the S&P 500 (Seeking Alpha Quant) When I last covered Bitcoin , I wrote that the cryptocurrency was subject to immense uncertainty owing to the lack of good methods for valuing it. I thought it was something of a dice roll. Since then, my knowledge of Bitcoin valuation methods has improved, and I now actually think there’s a case to be made for the coin having more downside from here. I will elucidate on this thesis in the ensuing paragraphs. How Saylor’s Sales Could Drive More Losses Before going any further, I should explain one potential cause of continued downside in Bitcoin, that being further selling by Strategy. CEO Michael Saylor said that Strategy would continue to sell Bitcoin if doing so would strengthen the company’s financial position. This was interpreted as Saylor pivoting to active management of Strategy’s balance sheet. Truthfully, active management would probably be a positive for Strategy itself–it would strengthen the company’s balance sheet in a scenario where Bitcoin went lower. The lower Bitcoin goes, the lesser the asset side of Strategy’s balance sheet, and the higher the company's ratio of debt to equity. So, selling Bitcoin periodically could help Strategy. The problem is that the more Strategy does this, the more selling pressure there is on Bitcoin. Strategy currently owns 843,706 Bitcoin. To date, 19.95 million Bitcoin have been mined. Therefore, Strategy owns 4.2% of all the Bitcoin that exists. This is a non-negligible percentage, meaning that Strategy heavily selling Bitcoin could move Bitcoin’s price. The percentage by which it could move the price is actually greater than 4.2%. The price of an asset is not determined by all of that asset being on offer at all times; it comes from the amount sold vs amount demanded at a given moment. Lately about 26,000 Bitcoin have been exchanging hands daily. Were Strategy to start selling a sizeable percentage of that amount, then it would move Bitcoin's price significantly. And the company could sell a sizeable percentage of the daily volume. Strategy has over 800,000 Bitcoin in its arsenal. It could offer many of those for sale in a single day. I'm not saying that Strategy will in fact start selling Bitcoin in size--Saylor did say he'd buy 10 or 20 Bitcoin for every one he sells after all. But it's factually established that he has enough Bitcoin to sell price-moving amounts of it. If Michael Saylor felt that his company's financial future were in jeopardy, he'd have the option of selling large amounts of Bitcoin to patch up his balance sheet. We can't rule out the possibility of him doing so in a scenario of continued Bitcoin price declines. Further, it's not clear that Saylor would be able to get enough financing to meaningfully offset a really large Bitcoin sale by buying more Bitcoin at a later date. Were Bitcoin to sell off severely, by high percentages, then lenders might become hesitant to lend money to Strategy, a company that is by and large a Bitcoin proxy. Given this, Saylor's stated intent of buying 10-20 Bitcoin for every one he sells, is not necessarily indicative of what will actually happen going forward. Valuation Having looked at a possible downside catalyst for Bitcoin, we can now move on to valuation. In previous articles, I wrote that this was essentially impossible because Bitcoin produces no cash flows. I still think there is no economically rigorous way to value Bitcoin. However, after researching the matter further, I’ve found that there are some metrics indicating how expensive Bitcoin is relative to historical norms. These can’t produce a “target” price, but they can shed light on Bitcoin’s value relative to transactions. The first of those is the network value to transactions [NVT] ratio , often called the P/E ratio of cryptocurrency. This measures how the actual usage of Bitcoin relative to its market cap. As the chart below shows, this ratio has been trending up since 2022, albeit erratically (the blue line is the ratio). From early 2022 to today, the ratio has gone from 9.8 to about 35. This indicates that Bitcoin has gotten more expensive in this period. Bitcoin NTV ratio (blockchain.com) Another approach we could use to value Bitcoin is to measure its total addressable market [TAM]. This approach is a little more subjective, because nobody knows exactly what the maximum userbase for Bitcoin is. We do, however, know that 95% of Bitcoin that will ever be mined, have been mined, so the supply side of the equation is near certain. If we knew the exact TAM then we could come up with a price target, too. I can’t put an exact number on Bitcoin’s TAM; however, Gallup reports that almost all American adults know what Bitcoin is, but only 14% own it . This would seem to imply that 86% of Americans are more or less content with conventional bank-based finance. The 14% who own BTC are presumably a mix of speculators and black market actors. It would seem that the potential for Bitcoin's TAM to increase in the United States is severely limited. As mentioned previously, polling shows that the overwhelming majority of Americans know what Bitcoin is, and only 14% have adopted it. The logical conclusion here is that the overwhelming majority of Americans are knowingly choosing not to adopt Bitcoin. With banks and credit card networks generally functioning well this year, it's hard to see what could get them to change their minds on this--why fix what isn't broken? So Bitcoin adoption in the United States appears unlikely to increase much. Global markets are a different story. Many countries in the global south still aren't widely connected to the internet--they could become a source of Bitcoin TAM growth. It's hard to put a precise timeline on such countries coming online, though, and some of their governments might ban Bitcoin. So, assuming a big, sudden increase in Bitcoin's TAM from developing countries appears an unwarranted assumption. The increase might never come, and would likely take a long time to materialize if it did come. With that said, TAM based valuation models are notoriously imprecise. It’s especially hard to guess the TAM for an asset whose users are anonymous. A large holder–let’s say Strategy–could easily push Bitcoin’s price down more than what I'm predicting. But it’s hard to predict that one of them will do so. The assumption of Bitcoin’s TAM already being addressed, and its supply slowly increasing from mining activities, points to a slow grind lower for BTC. The Bottom Line The bottom line on Bitcoin is that it is a mature asset at this point, and can no longer be counted on to deliver superior returns like it did in its early days. At this point, most people have heard of Bitcoin and decided whether or not they need it. The TAM would appear to be penetrated, or near-penetrated. On top of that, even known crypto “whales” like Michael Saylor’s Strategy are selling. Faith in this project appears to be waning, and in crypto, faith is everything.
5 Jun 2026, 13:15
Canada Labour Market Report: CAD’s Volatile Response to Employment Data
BitcoinWorld Canada Labour Market Report: CAD’s Volatile Response to Employment Data The release of Canada’s latest labour market report triggered a sharp, immediate reaction in the Canadian dollar (CAD), as traders digested employment figures that diverged from market expectations. The data, published by Statistics Canada, provided fresh insight into the health of the nation’s economy, prompting a recalibration of interest rate expectations and short-term currency positioning. Employment Data and Immediate Market Impact The labour market report showed a net change in employment that either met, beat, or fell short of consensus forecasts. Such deviations are the primary driver of the CAD’s initial volatility. Typically, a stronger-than-expected jobs number bolsters the case for the Bank of Canada (BoC) to maintain or raise interest rates, which is bullish for the currency. Conversely, a weaker print increases the likelihood of a rate cut, pressuring the CAD lower. In the minutes following the release, the USD/CAD pair experienced a spike in trading volume, with the price moving decisively in one direction before potentially retracing as the market fully absorbed the report’s details, including the unemployment rate and wage growth data. Why This Report Matters for the Canadian Dollar The labour market report is a key input for the Bank of Canada’s monetary policy decisions. For forex traders, it is a high-impact event that can redefine the short-term trend for the CAD against major peers like the US dollar, euro, and yen. The report’s subcomponents—such as full-time versus part-time employment, participation rate, and average hourly wages—provide a nuanced view of economic slack. A strong wage growth figure, for instance, can signal future inflationary pressures, reinforcing a hawkish BoC stance. The market’s reaction is not just about the headline number, but the broader narrative of whether the Canadian economy is overheating or cooling. What Traders Should Watch Next Following the initial knee-jerk reaction, the CAD’s direction often stabilizes as traders look ahead to other data points, including GDP figures, inflation reports, and the BoC’s next policy announcement. The labour market report sets the tone for the upcoming weeks, influencing carry trade dynamics and risk sentiment towards the commodity-linked currency. For investors with exposure to Canadian assets, understanding the employment landscape is crucial for hedging and positioning strategies. Conclusion The Canadian dollar’s reaction to the labour market report underscores the currency’s sensitivity to domestic economic fundamentals. While the initial move is often sharp, the sustained trend depends on whether the data alters the broader monetary policy outlook. As always, traders should consider the report within the context of global risk appetite and commodity prices, particularly oil, which remain significant drivers for the CAD. FAQs Q1: Why does the Canada labour market report affect the CAD? The report provides a direct gauge of economic health. Strong employment data supports higher interest rates, which attracts foreign capital and strengthens the currency. Weak data has the opposite effect. Q2: What specific data points in the report move the CAD the most? The net change in employment and the unemployment rate are the headline movers. However, wage growth and the participation rate also provide important context for inflation and labour market slack. Q3: How long does the CAD’s reaction to the report typically last? The initial volatility usually lasts for 15-30 minutes. The longer-term direction depends on how the data aligns with the Bank of Canada’s policy trajectory and broader market trends. This post Canada Labour Market Report: CAD’s Volatile Response to Employment Data first appeared on BitcoinWorld .
5 Jun 2026, 13:02
Solana Price: Forward Industries Moves 455,000 SOL As Unrealized Losses Near $1.13B
Solana is trading near $68.82, down about 3.09% over 24 hours, as market attention turned to a large SOL transfer by Forward Industries, the largest known corporate Solana treasury company. On-chain data showed the firm deposited 455,784 SOL, valued at about $31.87 million, into Coinbase Prime after roughly one month of wallet inactivity. The transfer came during a weak period for SOL, which has been trading far below Forward Industries’ average purchase price. Since launching its Solana treasury strategy in September 2025, Forward Industries has spent about $1.59 billion to buy 6.83 million SOL at an average price of $232.08. Source: X At current market levels, the company’s Solana holdings are worth about $458.6 million, leaving an unrealized loss of nearly $1.13 billion. The transfer revived market debate over whether the company may be preparing to reduce exposure, although Forward Industries has not confirmed any sale. Forward Industries Transfer Draws Market Attention Exchange deposits are often monitored because they can precede selling, collateral movement, custody changes, or internal treasury restructuring. In this case, the size of the transfer made the movement notable because Forward Industries is already sitting on a large paper loss. The company’s reported SOL position has been under pressure as Solana dropped from the levels where Forward built its treasury. Market data also showed SOL recently trading near $66, down almost 19% over the past week during the broader crypto market correction. However, some market observers disputed claims that the transfer represented a confirmed sale. SolanaFloor noted that Forward previously moved a larger 1.88 million SOL tranche to Coinbase Prime in November, but later filings showed its SOL holdings were unchanged. That earlier movement suggested the transfer may have been custody-related rather than a sale. Forward also reported a $283.1 million net loss for the quarter ended March 31, 2026, driven by fair value declines on its SOL holdings. The company said that loss did not represent a cash outflow or affect liquidity. Corporate Crypto Treasuries Face Pressure Forward Industries’ transfer comes as several corporate digital asset treasury strategies face renewed scrutiny. Bitcoin treasury firms and Ethereum treasury firms have also seen large unrealized losses as crypto prices declined from earlier highs. MicroStrategy, now Strategy, recently sold 32 BTC after years of emphasizing accumulation. France-based Sequans Communications also said it was ending its Bitcoin treasury strategy and would monetize remaining holdings over time while refocusing on its semiconductor business. The pressure on Forward is different because its exposure is concentrated in Solana. The company’s average entry price of $232.08 is far above current SOL levels, making the treasury position highly sensitive to any additional decline. The latest Coinbase Prime deposit does not prove that Forward is exiting its Solana strategy. Still, the market response shows that large treasury wallet movements are being closely watched while crypto assets trade near key support areas. SOL Technical Chart Shows Weak Weekly Structure Solana’s weekly chart remains bearish after the token dropped back toward the $66 to $70 support area. This zone aligns with the latest wick low and the horizontal support shown on the chart. SOL is trading below major weekly moving averages, showing that sellers remain in control. The long-term moving average sits near $105 to $110, while other higher moving averages are clustered around $135 to $150. As long as SOL remains below those areas , the broader weekly structure remains weak. Immediate support is near $66 to $67. A weekly close below that zone could open the way toward $53, then $43, with a deeper downside area near $35 if selling pressure increases. The volume profile shows lighter traded volume between current prices and lower zones, which can allow faster price movement if support breaks. Source: X On the upside, SOL needs to reclaim $85 to $90 to show early recovery strength. A stronger recovery would require a move back above $105 to $112, where the long-term moving average and prior breakdown area sit. The next major resistance remains near $135 to $150, where the chart shows a large volume area and moving average resistance. That area would likely require stronger market-wide demand to break. The RSI remains weak and near the lower range, showing bearish momentum. A relief bounce is possible because conditions are close to oversold, but a trend change would require stronger buying and a move back above key resistance levels.
