hodler

1 May 2026, 13:00

Solana Recovery Wave Building: Will It Break Out Of The Channel?

Solana (SOL) is showing early signs of recovery as price action begins to stabilize within a defined channel following its recent pullback. With selling pressure easing and buyers gradually stepping in, momentum appears to be shifting toward a potential corrective upswing. Corrective Recovery Scenario Takes Shape Presenting a wave outlook for Solana on the 1-hour timeframe, Elliott Waves Academy highlights a potential shift in short-term structure. Momentum appears to be cooling on the downside, opening the door for a corrective phase that could reshape the near-term trend. Related Reading: Solana (SOL) Edges Up, Traders Watch For Sustained Upside Move One of the more probable scenarios suggests a recovery unfolding through a corrective wave, potentially identified as wave (2)/(B). Such a move may develop into a double zigzag structure, a pattern often seen when the market attempts a deeper retracement with buyers gradually stepping back into the market. A decisive breakout above the upper boundary of the current diagonal pattern would provide early confirmation of this recovery setup. Strength would be further reinforced if price manages to clear the key level associated with the previous bearish wave, signaling that selling pressure is weakening. From a Fibonacci perspective, the anticipated recovery zone lies between the 50% and 61.8% retracement levels of the prior downward move. These levels often act as magnets during corrective phases, with the potential for an extended push toward the 78.6% retracement if bullish momentum builds. For a broader bearish wave to occur, this retracement region must act as a strong resistance zone where sellers regain control. A noticeable increase in selling pressure here could trigger the next leg of the decline. However, if Solana begins to form impulsive waves while maintaining a pattern of higher lows, without revisiting the previous bottom, it would increase the likelihood of a more sustained upside move beyond the corrective phase. Solana Taps Reversal Zone, Early Bounce Emerges According to crypto analyst BitGuru, Solana has moved into a key reversal zone, where price is showing early signs of a bounce following its recent decline. The reaction in this area suggests that the market may be attempting to establish a short-term floor, with buyers starting to respond to the discounted price levels. Related Reading: Solana Tightens Range: Breakout Brewing As Correction Nears Completion At the same time, selling pressure appears to be gradually easing, pointing to a slowdown in bearish momentum. As downside strength fades, conditions often become favorable for buyers to step in, particularly in zones historically associated with demand. If Solana can maintain support above this level and continue forming higher lows, the ongoing bounce could develop into a more structured recovery. Such a move may pave the way for a push higher, with price potentially targeting the upper boundary of its recent range if bullish momentum continues to build. Featured image from Pngtree, chart from Tradingview.com

1 May 2026, 12:58

Tether posts $1.04 billion Q1 profit and $8.2 billion surplus

🚨 Tether just posted a $1.04 billion profit in Q1 2026. Surplus reserves in $USDT soared past $8.2 billion. 🏦 Key point: Tether now ranks 17th among all holders of US Treasuries. Continue Reading: Tether posts $1.04 billion Q1 profit and $8.2 billion surplus The post Tether posts $1.04 billion Q1 profit and $8.2 billion surplus appeared first on COINTURK NEWS .

1 May 2026, 12:57

Bitcoin Halted at $80K as US Fed and ECB Hold Interest Rates Steady: Your Weekly Crypto Recap

It was a highly anticipated week for several economic events in the US and abroad, including the third FOMC meeting of the year, March PCE inflation data, and earnings reports from multiple S&P 500 companies. The previous weekend was eventful on the war front as the scheduled peace talks between the US and Iran in Pakistan failed, and the POTUS even canceled the delegation’s trip. Trump held a special conference for the top holders of the TRUMP token and later attended a White House event in which there was an alleged attempt on his life , but everyone left unscathed. Bitcoin remained relatively quiet despite all these developments and traded at around $77,000-$78,000. On Monday morning, though, it exploded to $79,500 before it was violently and instantly rejected. At first, BTC dropped to $77,500 before it nosedived again hours later to $76,500. The bears kept the pressure on, and bitcoin slipped below $76,000 a day later. It surged toward $78,000 on Wednesday, hours before the FOMC meeting. Once the Fed confirmed what everyone expected, that there would be no changes to the rates, BTC dropped again, this time to under $75,000. It rebounded to around $76,000 by Thursday, even after the ECB followed the Fed’s example and kept the rates unchanged . Moreover, it even hinted that there might be a hike in June. Nevertheless, bitcoin actually ended April with a double-digit increase for the first time in almost a year. It went on a mild run on May 1, touching $78,000 on some reports that the US and Iran might begin negotiations soon. Its market cap climbed to $1.560 trillion, and its dominance remains tall above 58%. BCP, PENGU, and DOGE are the three double-digit price gainers from the larger-cap weekly, followed by HASH, MORPHO, JST, TAO, and PI. Market Data Cryptocurrency Market Overview Weekly May 1. Source: QuantifyCrypto Market Cap: $2.680T | 24H Vol: $74B | BTC Dominance: 58.3% BTC: $78,100 (-0.8%) | ETH: $2,300 (-1.32%) | XRP: $1.39 (-3.6%) This Week’s Crypto Headlines You Can’t Miss Strategy Eases Bitcoin Accumulation With 3,273 BTC Buy . After a couple of multi-billion-dollar bitcoin purchases by the world’s largest corporate holder of the asset, the company eased its accumulation pace by buying a more modest 3,273 BTC for $255 million. Analyst Says Gensler Exit Hurt Crypto Trust, Warns Powell Could Too . A popular crypto analyst believes that Gensler’s departure from the SEC actually hurt investors’ confidence in the market, and Powell’s potential exit could do the same. Ripple (XRP) Drops Major Announcement for Middle East and Africa Clients . The company behind XRP and RLUSD continues to make some major moves in different regions, with the latest being the establishment of a new HQ in Dubai’s International Financial Center (DIFC). Report: Trump-Linked WLFI Partnered With Project Linked to Alleged Fraud Syndicate . Essentially every cryptocurrency project linked to the First Family has attracted a significant amount of scrutiny due to some questionable decisions. Most recently, a WSJ report claimed that WLFI had partnered with a blockchain network called AB less than a month after the US government sanctioned over 140 people and entities tied to it. Bitcoin Spot Volumes Crash to Bear-Market Lows – Apathy Now, Opportunity Next? CryptoQuant’s Darkforst outlined a negative trend in the overall market participation for bitcoin as the engagement has dropped to bear-market levels. However, the analyst believes this could be a blessing in disguise. Peter Schiff Claims Vindication as Bitcoin Falls 30% Since 2025 Sell Call . It appears the permanent bitcoin bear has finally made the right call on BTC after advising investors to sell during the 2025 Bitcoin conference. Now, a year later, the asset trades 30% lower, and he didn’t miss the opportunity to seek vindication . Charts This week, we have a chart analysis of Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid – click here for the complete price analysis . The post Bitcoin Halted at $80K as US Fed and ECB Hold Interest Rates Steady: Your Weekly Crypto Recap appeared first on CryptoPotato .

1 May 2026, 12:54

OpenAI Lawsuit: Tumbler Ridge Attack and WLD Impact

Lawsuit against OpenAI after Tumbler Ridge school attack: ChatGPT negligence blamed. Sam Altman admitted the mistake. WLD price down 2.05% to 0.24$, RSI 35 downtrend. Technical levels and ethical r...

1 May 2026, 12:50

Solana tests $79.07 to $86 range amid tight consolidation

🚨Solana is consolidating tightly between $79.07 and $86 in a key support zone. Analysts say $SOL needs to break above $86 for a bullish signal. 🧐Critical data: The “Great Wall of SOL” area has historically triggered strong rallies. Continue Reading: Solana tests $79.07 to $86 range amid tight consolidation The post Solana tests $79.07 to $86 range amid tight consolidation appeared first on COINTURK NEWS .

1 May 2026, 12:46

NEO Comprehensive Technical Analysis: May 1, 2026 Detailed Review

NEO appears to continue the downtrend at the 2.73$ level; bearish indicators below EMA20 and resistance pressure are dominant. Critical support at 2.6874$ should be monitored, BTC's adverse movemen...