hodler

4 Jun 2026, 11:43

Will Solana end its losing streak and defend the $65 support level?

Solana (SOL) posted its eighth consecutive monthly loss in May, indicating the persistent selling pressure despite a growing list of institutional partnerships and blockchain-based financial initiatives. The ongoing downtrend shows a disconnect between Solana’s expanding real-world utility and investor sentiment, with broader market weakness continuing to weigh on the token’s price performance. The momentum indicators remain extremely bearish, indicating that the market selloff might not be over yet. Institutional adoption accelerates across the Solana network SOL has lost 10% of its value in the last 24 hours and is now trading around the $67 mark. The bearish performance comes despite growing institutional adoption across the Solana network. Last month, several major financial firms—including Mastercard, Western Union, State Street, and SoFi—launched stablecoin and tokenized asset initiatives on Solana, expanding the blockchain’s role in traditional finance. Among the most notable developments was Mastercard’s decision to utilize Solana for regulated stablecoin settlement. Meanwhile, the network processed more than $832 billion in stablecoin transfer volume during the first quarter of 2026, indicating a surge in adoption for financial transactions. Despite these milestones, the positive fundamentals have yet to translate into stronger price action. The derivatives data indicate that retail traders are reducing their exposure to the market. According to CoinGlass , Solana’s futures Open Interest reads $4.91 billion, down from the average of $7.5 billion recorded in May. The long-to-short ratio has declined below 1 and now reads 0.9433. This metric dropping below one indicates that the bears are currently controlling the market. The SOL OI-Weighted Funding Rate of -0.0093% adds further confluence to the bearish narrative in the derivatives market. Solana price outlook: technical indicators continue to favor bears The SOL/USD 4-hour chart is bearish, with technical indicators pointing to ongoing weakness. At press time, Solana is trading at $76, below the 20-day moving average ($72.49) and the 50-day moving average ($74.96) Several momentum indicators continue to support a bearish outlook. The RSI has dropped to 26, indicating that Solana is now in the oversold region. The MACD and CCI indicators are also flashing selling signals. If the bearish trend persists, SOL could lose the $65 support level in the near term. A daily close below $65 could expose Solana to the $50 psychological level. However, if the $65 support holds, it would allow the bulls to aim for a recovery towards the $75.07 resistance level. A decisive close above $75 could pave the way for SOL to extend its rally towards the $88 resistance zone in the near term. However, the most likely near-term scenario is continued consolidation within this range. A break below $65.39 could trigger another leg lower, while a sustained move above resistance would be needed to improve the technical outlook and attract fresh buying interest. For Solana to embark on a sustained rally, the macroeconomic conditions in the market need to improve. The post Will Solana end its losing streak and defend the $65 support level? appeared first on Invezz

4 Jun 2026, 11:38

Solana (SOL) And Jupiter (JUP): As Solana Perp Open Interest Rebuilds And JUP Captures More DEX Routing, Do SOL And JUP Lock In The On‑Chain Trading Stack Or Ke...

The battle over which blockchain architecture will serve as the definitive execution engine for crypto trading has entered an aggressive structural phase. The core debate positions the frictionless execution of high-throughput monolithic networks directly against the expanding array of modular Ethereum Layer-2 (L2) rollups. On the monolithic side, Solana (SOL) is flashing signs of structural accumulation as derivative markets recalibrate, seeing a steady rebuilding of perpetual futures open interest (OI). Simultaneously, Solana’s preeminent optimization layer, Jupiter (JUP) , is tightening its grip on ecosystem capital, capturing an increasingly dominant share of decentralized exchange (DEX) routing and trade execution. Together, they represent a highly integrated, performance-driven thesis: Solana provides the ultra-fast, cheap blockspace, and Jupiter functions as the intelligent liquidity router. However, looking at their 30-day technical ranges, the market has not yet issued a final verdict. Both assets are in a post-run cooling period, hovering near short-term support floors. Over the next month, their ability to reclaim overhead moving averages will decide whether SOL and JUP can lock in the definitive on-chain trading stack or if they will continue to share trading volumes with Ethereum rollup aggregators. Solana (SOL): High‑Speed Leg In A 82–102 Range Source: tradingview Solana is currently tracing a very clean "post-run cooldown" profile. Trading slightly below its 30-day Simple Moving Average (SMA) but safely above its structural 200-day baseline ($80–$82 band), the asset is coiling inside a well-defined $82–$102 channel. Immediate Support: $86 to $90: This is the immediate support cluster where the vast majority of recent daily closes have concentrated. Defending this band successfully ensures that the broader push from $82 to $102 remains a healthy corrective retracement, rather than a deeper technical breakdown. $82 to $84: The 30-day swing low and the 200-day SMA boundary. A daily close falling below $82 would signal a much deeper structural reset. It would suggest that the rebuilding perpetual open interest is not fundamentally strong enough to hold the previous upward leg. Immediate Resistance: $92 to $96: The initial overhead block. The 30-day SMA hovers right around $92, and repeated intraday sellers have shown a willingness to cap rallies near $94–$96 when the broader tape is correcting. SOL needs to reclaim and hold above this zone to demonstrate it is ready to assume market leadership again. $100 to $102+: The local monthly high zone. Sustained daily closes above $102 historically coincide with a major surge in Solana perp open interest, massive DEX volume, and an obvious ecosystem-wide "risk-on" phase. The Read: SOL is mid-range with clear room to run in either direction. To cement its role as the high-speed base layer of a core trading stack, dips must be bought aggressively between $86 and $90. Price action needs to chew through the $92–$96 moving average block, and the next approach to $102 must be driven by sustainable, multi-day institutional trading volume rather than a fleeting retail wick. Jupiter (JUP): DEX Router Beta Just Below Trend Source: tradingview As the higher-beta routing layer of the Solana network, Jupiter 's chart reflects a "hot, now cooling" technical profile. It is currently trading beneath its 30-day SMA but hovering safely around its long-term 200-day average baseline ($1.05–$1.10). The Fibonacci Map ($0.95 to $1.45): 23.6% Retracement: ~$1.07 38.2% Retracement: ~$1.14 50.0% Retracement: $1.20 61.8% Retracement: ~$1.31 Immediate Support: $1.07 to $1.10: JUP is currently trading at $1.10, sitting directly atop this shallow Fibonacci support band. Holding this floor on a daily closing basis keeps the entire $0.95 to $1.45 leg intact as a normal, healthy market correction. $0.95 to $1.00: The 30-day swing low. A clean daily close below $0.95 completely unwinds the recent upward expansion. It would serve as a structural warning that on-chain router and launchpad velocity are fading. Immediate Resistance: $1.14 to $1.20: The primary trend-repair block. This zone houses the 38.2% Fib ($1.14), the 50% Fib ($1.20), and the overhead 30-day SMA ($1.18). JUP must reclaim and sit safely above this moving average cluster to prove it is being valued as a core infrastructure routing primitive, rather than a highly volatile campaign token. $1.31 to $1.45+: The 61.8% Fib and local high. Sustained daily closes above $1.45 are historically accompanied by absolute DEX routing dominance on Solana and heightened native launchpad activity. The Read: JUP is currently leaning on its very first line of Fibonacci support, with all critical trend-repair work stacked directly overhead between $1.14 and $1.20. To act as the definitive routing leg of this pair, it must preserve the $1.07 floor, turn the 30-day SMA into a supportive floor, and challenge $1.31+ on the back of rising organic execution metrics (volume routed, active trade pairs), rather than short-term network airdrops. Conclusion: Lock In The Trading Stack Or Share Flow? The technical alignment shows both assets in highly coiled positions. They are structurally healthy but pinned beneath their short-term averages, waiting for an injection of momentum to break their respective resistance bands. They Lock in the On-Chain Trading Stack If: SOL holds the $86–$90 support, reclaims the $92–$96 block, and consistently tests the $102 ceiling while Solana DEX and perpetual venues regularly top global on-chain volume charts. JUP successfully defends $1.07–$1.10, climbs into and stabilizes above the $1.14–$1.20 resistance band, and attacks $1.45 as network data confirms an increasing share of aggregate trades are passing through Jupiter. Cross-chain liquidity routers and market makers begin defaulting to "route via JUP on Solana" as a primary execution leg, prompting allocators to treat "SOL + JUP" as the standard index for high-performance trading exposure. They Keep Sharing Flow with Rollup Aggregators If: SOL 's relief rallies repeatedly stall out beneath the $96 moving average, trapping the token in a sluggish $82–$96 range-bound environment. JUP fails to conquer the $1.20 resistance block, spending the summer oscillating between $1.00 and $1.20 while selling pressure mounts on any positive ecosystem announcements. On-chain trading volume remains split, with Ethereum L2 hyper-scalable aggregators and derivative platforms (operating across Arbitrum, Base, Blast, or zkSync) capturing a comparable or larger share of global trader mindshare and fee generation. Final Verdict: The charts confirm a "coiled setup with clearly defined step-up bands" for both market leaders. They are perfectly positioned to act as a unified trading stack, but the market has not yet definitively chosen them over rollup alternatives. Whether they break upward over the coming weeks will reveal exactly where the cycle's trading liquidity intends to park. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

4 Jun 2026, 11:35

Upbit to Temporarily Halt MANTRA Deposits and Withdrawals for Network Upgrade

BitcoinWorld Upbit to Temporarily Halt MANTRA Deposits and Withdrawals for Network Upgrade Upbit, one of the largest cryptocurrency exchanges by trading volume, has announced a temporary suspension of deposits and withdrawals for MANTRA (MANTRA) beginning at 12:00 a.m. UTC on June 9. The move is part of a scheduled network upgrade designed to improve the blockchain’s performance and functionality. Suspension Details and Timeline The suspension will take effect at midnight UTC on June 9, affecting all MANTRA deposit and withdrawal services on the platform. Upbit has not yet specified an exact end time for the halt, stating that services will resume once the network upgrade is completed and stability is confirmed. Users are advised to monitor Upbit’s official announcements for further updates. Why This Matters for MANTRA Holders Network upgrades are routine but critical events for blockchain projects. They often introduce new features, security enhancements, or protocol changes that require temporary pauses in transaction processing. For MANTRA holders and traders on Upbit, this suspension means they will be unable to move tokens in or out of the exchange during the upgrade window. Those planning to trade or transfer MANTRA should make arrangements before the cutoff time. Impact on Trading Activity While deposits and withdrawals are suspended, spot trading pairs involving MANTRA on Upbit are expected to remain active unless otherwise stated. However, traders should be aware that price volatility can increase around network upgrades due to reduced liquidity and uncertainty. It is advisable to review positions and set appropriate risk management strategies ahead of the suspension. Background on MANTRA MANTRA is a blockchain platform focused on real-world asset tokenization and decentralized finance (DeFi) applications. The project has been actively developing its network infrastructure to support broader adoption. This upgrade aligns with its roadmap to enhance scalability and user experience. Upbit, headquartered in South Korea, is a major gateway for Asian crypto investors and often lists tokens that see significant retail interest. Conclusion The temporary suspension of MANTRA deposits and withdrawals on Upbit is a standard operational measure to support a network upgrade. While it may cause short-term inconvenience for some users, such upgrades are essential for long-term network health and capability. Traders and holders should plan accordingly and stay tuned for resumption announcements from both Upbit and the MANTRA team. FAQs Q1: When exactly does the MANTRA suspension start on Upbit? The suspension begins at 12:00 a.m. UTC on June 9. Deposits and withdrawals will be halted from that time until the network upgrade is complete. Q2: Will MANTRA trading still be available during the suspension? Spot trading pairs involving MANTRA are expected to remain active unless Upbit announces otherwise. However, users cannot deposit or withdraw MANTRA during the halt. Q3: How will I know when deposits and withdrawals resume? Upbit will issue a separate announcement once the network upgrade is completed and the system is deemed stable. Users should monitor Upbit’s official notice board for updates. This post Upbit to Temporarily Halt MANTRA Deposits and Withdrawals for Network Upgrade first appeared on BitcoinWorld .

4 Jun 2026, 11:32

Sui (SUI) And Injective (INJ): With Move DeFi Expanding On SUI And New Order‑Book Perps Launching On INJ, Do SUI And INJ Attract Sticky Trader Liquidity Or Stay...

The battle over which execution layers will command the next major wave of on-chain trading liquidity has entered a highly specialized phase. The initial retail enthusiasm for layer-2 network points campaigns and basic token drops is gradually giving way to a more demanding standard: deep, institutional-grade execution environments and structurally superior programming models. Within this landscape, two distinct technological frameworks are attempting to disrupt the established trading dominance of Solana and Arbitrum. Sui (SUI) is aggressively leaning into its object-centric, highly parallelized Move programming language to bootstrap an ultra-fast, capital-efficient decentralized finance (DeFi) and gaming ecosystem. Simultaneously, Injective (INJ) continues to hone its identity as a blockchain custom-built for financial applications, rolling out plug-and-play order-book infrastructure designed to host the next generation of high-speed perpetual swap (perp) venues. However, looking at their 30-day technical ranges, both networks are handling multi-week corrections. Their ability to turn short-term trend-repair barriers into definitive floors will decide whether SUI and INJ can transition into permanent, sticky liquidity hubs, or if they are destined to remain high-beta alternative satellites to the market majors. Sui (SUI): Move DeFi Chain In Mid‑Range, Above Trend Support Source: tradingview Sui 's structural chart over the last 30 days reveals a technically constructive "up-from-lows" profile. Trading slightly above its 30-day Simple Moving Average (SMA) and comfortably clear of its 200-day baseline ($1.00), SUI is safely consolidating inside a well-defined mid-range channel. The Fibonacci Map ($0.95 to $1.45): 23.6% Retracement: ~$1.07 38.2% Retracement: ~$1.14 50.0% Retracement: $1.20 61.8% Retracement: ~$1.31 Immediate Support: $1.07 to $1.15: SUI is currently trading at $1.18, sitting just atop this critical trend support band. The cluster includes the 38.2% Fib ($1.14) and the 30-day SMA (~$1.15). As long as daily closes remain above the 23.6% level ($1.07), the broader upward leg is considered intact. $0.95 to $1.00: The 30-day swing low and the 200-day SMA floor. A clean daily close below $0.95 would completely unwind the current leg, plunging SUI back into its old architectural base. Immediate Resistance: $1.20 to $1.31: The primary overhead hurdle. This block spans the 50% Fib ($1.20) and the 61.8% Fib ($1.31). SUI must reclaim and sustain price action above this band to prove it is initiating a macro breakout rather than merely acting as a range-bound alternative-L1 asset. $1.40 to $1.45+: The local monthly high ceiling. A high-volume breakout and consolidation above $1.45 represents the required technical trigger to mark the start of a brand-new Move-DeFi expansion leg. The Read: Sui enters June looking like a trend-supported, mid-range network. To capture sticky trading liquidity, its dips must continue to be aggressively bought within the $1.07–$1.15 pocket. Most importantly, any future push past $1.40 must be backed by a measurable, organic expansion in native DEX Total Value Locked (TVL), proving that liquidity is staying on-chain even as short-term incentive campaigns taper off. Injective (INJ): Perp‑Focused Chain In Lower Half Of Its Range Source: tradingview Injective 's price action presents a heavier technical posture, displaying a clear down-leg correction within its broader 30-day window. While it remains safely above its long-term structural floor (200-day SMA at $24.00), it is currently pinned in the lower half of its range, beneath a sloping short-term average. The Fibonacci Map ($21.00 to $36.00): 23.6% Retracement: ~$24.54 38.2% Retracement: ~$26.73 50.0% Retracement: $28.50 61.8% Retracement: ~$30.27 Immediate Support: $24.50 to $26.00: INJ's current close ($26.00) sits at the upper boundary of this immediate "are we bouncing or breaking" support zone, which houses the 23.6% Fib ($24.54). Preserving this floor keeps the broader move from $21.00 to $36.00 intact as a partial corrective retracement. $21.00 to $22.00: The 30-day swing low. A daily close falling below $21.00 would confirm that the last run is fully unwound, signaling that early trading volume on its newer order-book venues lacks the structural conviction to hold higher price tiers. Immediate Resistance: $26.70 to $28.50: The primary trend-repair band. The 38.2% Fib sits at $26.73, while the 50% Fib and the 30-day SMA converge tightly at the top of this block ($28.50). INJ must reclaim this entire area to transition out of its "oversold perp chain" posture and flatten its moving average. $30.30 to $36.00+: The 61.8% Fib and local high resistance ceiling. Reaching this zone on high weekday volume would serve as the first genuine evidence that institutional trading desks are choosing to park long-term capital on Injective. The Read: INJ is currently heavy, trapped in the lower half of its channel with significant moving average resistance looming overhead. To validate its financial-app framework, it must defend the $24.50 baseline, clear the $28.50 resistance hurdle, and see its flagship native perp DEXs routinely post deep order-book books and competitive volume in major trading pairs. Conclusion: Real Liquidity Hubs Or High‑Beta Satellites? The side-by-side technical maps demonstrate that SUI is executing a healthier mid-range consolidation above trend support, whereas INJ requires a significant injection of buy pressure to kickstart a near-term trend repair. They Attract Sticky Trader Liquidity If: SUI successfully defends the $1.07–$1.15 trend support, breaks through the $1.31 resistance, and prints sustained daily closes above $1.45 supported by persistent on-chain gaming and trading activity. INJ vigorously holds the $24.50 floor, reclaims the $26.70–$28.50 moving average block, and spends the majority of its trading volume grinding toward $36.00 while proving its on-chain order books do not empty out between marketing campaigns. Sophisticated market makers and derivative traders explicitly choose to maintain capital allocations on SUI and INJ even during periods when Solana and Arbitrum are exhibiting massive relative strength. They Remain High-Beta Alternatives If: SUI fails to preserve its $1.07 trend line, drifting back toward the $0.95 floor and confirming that its relief rallies are consistently sold off near $1.30. INJ remains trapped beneath the $27.00 block, spending the summer grinding sideways to down between $21.00 and $26.00 while failing to claim its short-term moving average. The vast majority of institutional liquidity and high-frequency trading volume remains deeply anchored to Solana and dominant Ethereum L2 rollups, leaving SUI and INJ to behave as speculative satellites used purely for narrative-driven capital rotation. Final Verdict: The charts outline a "constructive but not yet leading" alignment for Sui and an "early repair, still heavy" posture for Injective. Both assets possess clearly mapped step-up zones. The upcoming weeks will test whether the actual deep execution advantages of the Move language and native financial chains can translate into structural, persistent liquidity dominance, or if they will remain secondary options on the market's trading desk. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

4 Jun 2026, 11:31

Top Bitcoin Price Predictions After BTC’s 15% Weekly Collapse

The largest cryptocurrency by market capitalization has been nosediving lately, with its price posting another substantial decline over the past 24 hours. Multiple analysts believe the valuation could reach new lows in the near future, while one key indicator suggests a rebound could be on the horizon. How Much Lower? There’s no way to soften what’s been happening to BTC lately. Its price has lost over $20,000 in the past month alone, and several hours ago it dipped to nearly $61,000, the lowest point since early February. The reasons behind this carnage are many and various: Strategy’s historic decision to sell some Bitcoin, the escalating conflict in the Middle East, the massive outflows from spot ETFs, and the bear market reigning across the broader crypto market. Currently, the asset trades at around $62,500, which is a slight comeback, but according to numerous industry participants, the worst is yet to come. Ali Martinez recently claimed that the plunge below $72,000 has put BTC in “a vulnerable position.” He said that, based on the MVRV Pricing Bands, the next major support is between $50,000 and $54,000. For his part, X user Ted argued that BTC’s “head-and-shoulders” breakdown target is still not complete. He described $49,000 as “a good bottom zone,” drawing parallels to the August 2024 low. Somewhat expected, the major collapse of BTC’s price gave Peter Schiff the opportunity to make a highly pessimistic prediction. The well-known crypto critic and outspoken proponent of gold forecasted that the valuation could nosedive to $20,000 if it breaks $50,000. “It should be a quick fall below $20K, which should be a big enough drop to shake the conviction of long-term HODLers, causing many to finally throw in the towel,” he added. Light at the End of the Tunnel? Contrary to the bloodbath and the predictions of a further collapse ahead, BTC’s Relative Strength Index (RSI) suggests it might be time for a resurgence. The technical analysis tool is often used by traders to spot potential price reversal points, as it indicates whether the asset is oversold or overbought. It runs from 0 to 100, and anything below 30 indicates that the price has fallen too much in a short period of time and could be due for a comeback. On the other hand, readings above 70 signal that a pullback might be on the horizon. Just a few hours ago, the RSI dropped to 11, its lowest level in four months, and has since risen to approximately 16. BTC RSI, Source: CryptoWaves The post Top Bitcoin Price Predictions After BTC’s 15% Weekly Collapse appeared first on CryptoPotato .

4 Jun 2026, 11:30

More Bitcoin Than Satoshi Holds: Supply Dynamics Reveal Key Detail as Price Drops

Bitcoin current price action suggests unusually strong sell pressure despite Satoshi-Sized BTC stack being absorbed in the market.