• Solana price closes below the 200-day EMA support at $196 after declining more than 13% this week.
• This recent decline has led to $38 million in total liquidations, with over $33 million coming from long positions.
• Traders should remain cautious as SOL’s TVL declined more than 7% in one day.

Solana (SOL) price trades in red below $194 on Friday after declining more than 13% this week. The recent downturn has led to $38 million in total liquidations, with over $33 million coming from long positions. Traders should remain cautious as SOL’s Total Value Locked (TVL) declined more than 7% in one day, hinting at a double-digit correction ahead.

Solana price is set for a downturn as it closes below $196 support level

Solana price faced resistance around the $230 level on Tuesday. SOL declined 13% in the next two days, closing below the daily support level of $201.85 and the 100-day Exponential Moving Average (EMA) at $196 on Thursday. At the time of writing on Friday, it trades below the 100-day EMA around $194.

If the $201.85 level holds as resistance, SOl will extend the decline by 10% to retest its next support at $174.85, 200-day EMA.

The Relative Strength Index (RSI) indicator on the daily chart reads 35, below its neutral level of 50 and points downwards, indicating a strong bearish momentum.

SOL/USDT daily chart

The recent price drop on Thursday triggered a wave of liquidation, removing leverage traders’ position across the SOL ecosystem. This downturn has resulted in over $38.86 million in total liquidations, with $33.57 million coming from long positions, according to data from CoinGlass.

Liquidations like this could spark Fear, Uncertainty, and Doubt (FUD) among SOL investors, raising selling pressure and leading to a further decline in its price.

SOL Total Liquidations Chart. Source: Coinglass

Another factor adding a bearish outlook for Solance is a sharp decline in its Total Value Locked (TVL). According to data from DefiLlama, SOL TVL declined from 11.22 billion to $10.35 billion, falling more than 7% in one day. A similar fall in TVL was observed on August 3 and October 29, after which the prices had declined more than 10% in a few days. If history repeats, SOL could face a similar price decline. 

SOL TVL chart. Source: DefiLlama

Even though on-chain metrics and technical analysis support the bearish outlook, the thesis would be invalidated if the SOl price recovers and closes above the $201.8 resistance level. This recovery would lead to a price rally to retest its next resistance level at $230.

Ethereum (ETH) and JetBolt (JBOLT) are making headlines as the crypto landscape evolves under the potential pro-crypto leadership of Paul Atkins, the newly nominated Securities and Exchange Commission (SEC) chair. With Ethereum reaching $3,793.34, its highest price since June, and JetBolt selling over 100 million tokens during its presale, both projects are capturing attention for different reasons. Ethereum’s rally is fueled by institutional inflows into spot ETH ETFs, while JetBolt’s innovative features position it as a unique contender in the highly volatile altcoin market.

Could ETH’s price see another breakout as regulatory changes loom? And what does JetBolt’s surge suggest for the next generation of cryptocurrencies? Let’s explore.

Ethereum Price Prediction: Could a New SEC Chair Propel ETH Toward Another Breakout?  

Ethereum, currently trading at $3,793.34, has risen by 58.21% this month as institutional interest intensifies. A $132 million net inflow into spot Ethereum ETFs on Dec. 3 highlights growing confidence, with Fidelity and BlackRock leading the way. These inflows reflect a broader shift toward mainstream adoption, setting the stage for Ethereum’s continued upward trajectory.  

The recent increase in open interest to $25 billion underscores heightened activity in the futures market, suggesting that leveraged positions are driving momentum. Crypto analyst VentureFounder identified a “cup and handle” formation on Ethereum’s chart and projected a potential rise to $7,346 if key resistance levels are breached.  

Two-week Analysis Chart of ETH/USD (Credit: Venturefounder/X)

The nomination of Paul Atkins as SEC chair has further fueled optimism for ETH’s price. Atkins is known for his pro-crypto stance, which contrasts sharply with outgoing chair Gary Gensler’s regulatory crackdown. Analysts believe this leadership change could pave the way for more crypto-friendly policies, potentially accelerating the approval of additional Ethereum ETFs and fostering institutional participation.  

However, the shifting regulatory landscape isn’t just about established players like ETH. It also creates space for innovative newcomers like JetBolt to thrive.  

Why Is JetBolt (JBOLT) Surging During Its Presale?

JetBolt (JBOLT) is carving its own path by addressing the fundamental challenges that have hindered blockchain’s broader adoption. JetBolt has emerged as an exciting project in the altcoin space, offering groundbreaking features and a user-focused ecosystem that redefines what cryptocurrency can deliver.

Powered by the Skale network, JetBolt’s zero-gas technology eliminates gas fees entirely, enabling users to perform transactions at a fraction of the traditional cost. This approach positions JetBolt as a practical and accessible alternative for developers and casual users alike.

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JetBolt goes beyond cost-efficiency by incorporating unique tools and features that enhance the blockchain experience. Its AI-powered news aggregator stands out as a particularly engaging innovation. By curating third-party news articles and categorizing them by sentiment, such as bullish or bearish, JetBolt makes staying informed about the crypto landscape simple and enjoyable. 

Staking is another area where JetBolt excels. Moving away from traditional staking models that can feel static, JetBolt introduces a dynamic approach, rewarding users for active engagement within the ecosystem. 

JetBolt’s success is further highlighted by its presale, where over 100 million tokens have been sold. Early adopters benefit from unique incentives, including up to 25% bonus tokens through Alpha Boxes and daily price increases that reward timely participation. This strong presale performance not only highlights the excitement surrounding JetBolt but also establishes it as a token to watch in the evolving cryptocurrency market.

Final Thoughts on Ethereum Price Prediction While JetBolt Surges

Ethereum’s bullish trajectory, supported by institutional interest and potential regulatory clarity under new SEC leadership, could see its price break through key resistance levels. As Ethereum looks poised for further growth, JetBolt’s surge underscores the appetite for user-centric solutions that address real blockchain challenges. The coming months will reveal just how far JetBolt’s momentum can carry it in shaping the next era of crypto innovation.

Head to the official JetBolt website today for more details on JetBolt’s surging presale. 

The content of this article is for informational purposes only and should not be perceived as financial advice. Cryptocurrencies carry risks and can be volatile. Readers are encouraged to conduct their own research before engaging with any blockchain project.

Amidst the clamor of overhyped tokens and overwhelming speculations, a new altcoin is rising. Priced at an unassuming $0.0234, the WallitIQ (WLTQ) altcoin is more than just a bargain. While the Dogecoin price fluctuates amidst JPMorgan analysts’ bold $10 prediction, many crypto millionaires believe that the WallitIQ (WLTQ) presale altcoin is poised to redefine wealth creation.

Crypto Millionaires Favour WallitIQ (WLTQ) Over Analysts’ Dogecoin Price Prediction 

The crypto market is no stranger to surprises, and a notable shift is currently shaking its foundations. Although JPMorgan analysts are sticking to their ambitious $10 Dogecoin price forecast, the actions of crypto millionaires tell a starkly different story.

Rather than rallying around the JPMorgan analysts’ narrative, these crypto millionaires are investing heavily in WallitIQ (WLTQ), an emerging altcoin priced at mere fractions of a dollar. 

Investors are observing this shift with curiosity and mixed feelings, as these crypto millionaires, who typically look forward to JPMorgan analysts for guidance, are now turning their attention from the Dogecoin price to WallitIQ (WLTQ).

While many crypto millionaires agree that the Dogecoin price may have growth potential, they argue that the JPMorgan analysts’ $10 target is unrealistic. At a price of $10, the Dogecoin price would have a market capitalization that exceeds trillions of dollars, surpassing even Bitcoin’s (BTC) valuation.

JPMorgan analysts have yet to provide convincing evidence to support their price prediction. In contrast, crypto millionaires are certain that WallitIQ (WLTQ), a new altcoin that has raised over $2 million in its presale stage, less than 60% complete, will continue to thrive. 

Highlighting the altcoin’s strengths, the crypto millionaires point to WallitIQ’s (WLTQ) potential to deliver up to $2 million monthly revenue. Moreover, investors who buy the altcoin during its presale stand to gain massive rewards.

Early adopters can earn part of the 20% tokenomics allocation slated to incentivize investors’ participation. By staking their purchased altcoins, investors can enjoy a 180% APR yield, a profit potential far exceeding that of the Dogecoin price and other traditional financial institutions.

In addition, WallitIQ (WLTQ) wallets give investors access to over 1,500 crypto tokens, allowing for easy expansion of their portfolios. 

Payment for access to other premium features, transaction fees, and gas fees can all be managed directly from the investors’ wallets using the native altcoin.

WallitIQ (WLTQ) Emerges As Investors’ Favorite Altcoin 

WallitIQ (WLTQ) has garnered much praise for its future-proof innovation. One notable feature is its AI anomaly detection software, which protects investors’ funds by using machine learning to analyze usage patterns and flag any unusual activity within a wallet.

Moreover, investors benefit from a multilingual AI chatbot that provides instant support for setting up their wallets and addressing transaction issues. 

To equip investors with information needed to be traded efficiently, WallitIQ (WLTQ) provides educational materials that can help investors develop from novices to professionals.

These features continue to boost investors’ confidence and fuel their participation in WallitIQ’s (WLTQ) ongoing presale. Those who have yet to invest in WallitIQ (WLTQ) risk missing out on a lucrative opportunity if they delay.

With WallitIQ’s (WLTQ) smart contract audited by SolidProof, a respected smart contract auditing firm, thousands of investors have taken the bold step of purchasing this $0.0234 altcoin.

Conclusion

Opportunities like this don’t come around often, and many crypto millionaires are determined to profit from the WallitIQ (WLTQ) presale. 

While the mainstream media focuses on the JPMorgan analysts’ Dogecoin price prediction, these crypto millionaires, along with others who are paying attention to the shifting paradigm, are securing their positions in a future defined by the WallitIQ (WLTQ) altcoin. 

Investors who refuse to settle for mediocrity start their journey to transformational wealth should act now and buy WallitIQ (WLTQ) at $0.0243.

Join the WallitIQ (WLTQ) presale and community: 

Join WallitIQ (WLTQ) Presale
Join the WallitIQ (WLTQ) Community

• Cardano price tumbled below $1 on Thursday as prospects of fewer Fed rate cuts in 2025 triggered a sharp market-wide sell-off.
• Large transaction volumes have declined by $13 billion between December 2 and December 18, signaling disinterest among whale investors.
• Technical indicators highlight further downside risks ahead for ADA if the $0.9500 support fails.

Cardano price tumbled below $1 on Thursday as traders reacted to the US Fed hinting at fewer rate cuts in 2025. On-chain data shows a persistent decline in whale demand for ADA over the past two weeks. 

Cardano plunges below $1 amid post-FOMC sell-off

On Wednesday, the US Federal Reserve (Fed) concluded its December FOMC meeting with a 25-basis-point interest rate cut.

But despite matching analysts’ expectations with a third consecutive rate cut, the accompanying statement hinting at fewer cuts in 2025 sent bearish aftershocks across the crypto market. 

Cardano price action (ADAUSDT) | December 19 2024

The chart above shows how ADA prices plunged as low as $0.8800 on Thursday, bringing its weekly time frame losses to the 25% mark.

While Cardano’s ongoing downswing aligns with the global market dip in the aftermath of the Fed’s more hawkish outlook. The 25% loss has seen ADA fall behind rival Layer-1 coins like ETH, SOL and AVAX. 

ADA whale demand drops by $13B, intensifying downside risks 

When a mega cap asset like Cardano performs below the market average, it signals the presence of lingering internal bearish catalysts.

The on-chain data trends show that ADA has struggled to attract demand since December 2, two weeks before the FOMC meeting triggered a market-wide sell-off on Wednesday. 

In indication of this stance, the IntoTheBlock chart below tracks the daily volume of single transactions that exceed $100,000 in value.

This serves as a proxy for monitoring trading of whale investors on a blockchain network.