Solana Price Prediction remains a hot topic of discussion, especially as the $180 support area still holds but bullish momentum still struggles. The price now sits at $177.15, losing 0.69%, which is beginning to spook short-term speculators. 

While Solana still boasts solid fundamentals, some early entrants are quietly diverting their focus to increasing crypto utility plays — with Remittix (RTX) being one of the key projects to benefit from this rotation theme.

Momentum Slows Despite Increasing Trading Volume

The trading volume for Solana rose nearly 5% to $5.63 billion, suggesting that interest remains high. However, the lack of price action has left most traders gun-shy.

Technical charts show sideways movement, and while some still view this as a consolidation period, others are reviewing their portfolio holdings.

Since the larger crypto universe itself also lacks a definite bullish trigger, Solana Price Prediction discussions are now beginning to set their sights against newer, utility-centered tokens — specifically those in the cross-chain DeFi project space.

Why Some Traders Are Focusing on Early-Stage Utility Tokens

Experienced investors know that the fastest gains in crypto usually come from initial investments in ventures with practical applications in the physical world. The current market has seen more attention to crypto with utility as investors seek means to skirt having to wait out consolidation phases in well-established altcoins.

Low gas fee cryptocurrency projects, passive income opportunities, or cross-border functionality are gaining traction. Remittix (RTX) is among them — making crypto-to-fiat payments directly to bank accounts in 30+ countries.

Remittix (RTX): Utility-First Crypto With Real Adoption Potential

Remittix, priced at $0.0895 today, is disrupting DeFi with a goal so ambitious: unite crypto and traditional banking. And it’s succeeding so far — presale has already passed $17.8 million raised and over 576 million tokens sold.

The upcoming Q3 2025-released new beta wallet is designed for fast, secure, and simple crypto-to-bank transactions. It will support real-time FX conversion, over 40 cryptocurrencies, and 30+ fiat currencies.

There is a 50% bonus one-time offer live at the moment because the project is attempting to hit its $18 million soft cap. You can buy in during the presale directly through the Remittix website, and there is also a $250,000 giveaway running concurrently.

Why Remittix Is Capturing Altcoin Investors’ Interest

Website: https://remittix.io/

Socials: https://linktr.ee/remittix

$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway

Bitcoin price is currently hovering near $115,295, but beneath the surface, a rare on-chain event has captured investor attention. On Thursday, five dormant miner wallets from 2010 transferred 250 BTC, valued at nearly $29.6 million, after 15.3 years of inactivity, according to Arkham Intelligence.

These wallets were part of Bitcoin’s earliest mining era, each receiving a 50 BTC reward when the asset was worth just $0.003 per coin.

Back then, the cost of mining a block was measured in cents. Consumer-grade CPUs performed hashing operations using about 95 watts of power, and U.S. residential electricity averaged 11.5 cents per kilowatt-hour. Mining was more about luck and access than efficiency.

Fast-forward to 2025, and those same coins now represent a life-changing windfall.

The original “1” prefix wallet addresses have now moved their BTC into newer “bc1q” SegWit addresses, an upgrade that enhances transaction efficiency and error handling. Analysts from Lookonchain and Spotonchain suggest these moves may reflect shifting custody strategies rather than immediate selling intent.

Supply-Side Pressure or Just Spring Cleaning?

This isn’t an isolated incident. July has seen a wave of Satoshi-era wallets awaken, transferring thousands of BTC amid rising institutional accumulation and retail speculation. So far, the market has digested these supply-side jolts relatively well. Bitcoin remains up 27% year-to-date, peaking at $118,480, just 4% below its all-time high of $122,838.

But what’s driving these wallet awakenings?

Some analysts see them as a way for long-term holders to shift funds into secure custody or to capitalize on Bitcoin’s recent strength. Others fear these could foreshadow future sell-offs, especially if market sentiment sours or macro uncertainty increases.

While the short-term price impact has been muted, the sudden movement of old coins often precedes volatility. Traders are keeping a close watch on wallet activity, especially in periods of low liquidity, where whale movements can disproportionately affect price.

Bitcoin (BTC/USD) Price Outlook: Bearish Momentum Builds

From a technical perspective, Bitcoin price prediction is showing signs of exhaustion. BTC has broken below the symmetrical triangle that confined price action for much of July, as well as key support at $116,872 and the 50-SMA ($117,713).

• Current Price: $115,295
• Key Supports: $114,563, $112,901, $110,587
• Resistance Levels: $116,800, $117,713, $118,878
• RSI: 32 (approaching oversold)

The “three black crows” candlestick pattern has appeared on the 4H chart, signaling strong bearish sentiment. Meanwhile, the RSI hovers below 35 with no visible bullish divergence, confirming fading momentum.

Trade Idea: If BTC fails to reclaim $117,000, traders may consider a short entry near $116,000–$116,500, with a stop-loss above $118,800 and targets near $114,500 and $112,900. Risk remains elevated due to potential fakeouts, so wait for confirmation on any retest of broken support.

Bitcoin Hyper Presale Over $6M as Price Rise Nears

Bitcoin Hyper ($HYPER), the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), has raised over $6 million in its public presale, with $6,098,717 out of a $7,004,929 target. The token is priced at $0.012475, with the next price tier expected to be announced soon.

Designed to merge Bitcoin’s security with Solana’s speed, Bitcoin Hyper enables fast, low-cost smart contracts, dApps, and meme coin creation, all with seamless BTC bridging. The project is audited by Consult and engineered for scalability, trust, and simplicity.

The golden cross of meme appeal and real utility has made Bitcoin Hyper a Layer 2 contender to watch in 2025. With staking, a streamlined presale, and a full rollout expected by Q1, $HYPER is gaining serious traction.

The post Bitcoin Price Prediction: Satoshi-Era Wallets Wake Up After 15 Years – What’s Going On? appeared first on Cryptonews.

After weeks of steady declines, Dogecoin (DOGE) is approaching a critical support level at the 200-day EMA, which may be its last real shot at keeping a bullish short-term Dogecoin price prediction alive.

According to popular X analyst Dann Crypto, this level has historically been “met with strong continuation” when held, suggesting the next few candles could define the meme coin’s trend.

The macro backdrop adds fuel to the fire. The US Federal Reserve held interest rates steady in July, awaiting the effects of tariffs, while jobs data came in lower than expected.

With the April “reciprocal” tariff pause ending today and 92 countries now facing higher levies, speculators see little chance of a September rate cut, further dulling risk appetite.

Another analyst, Javon, believes that recent price action looks similar to previous bull runs that have led to 200% moves.

Dogecoin Price Analysis: Is the 200% Move Back In Play?

Zooming into the 4-hour chart, Dogecoin may be gearing up for a continuation of its mid-July bull run as a flag pattern eyes a return to its top.

The bounce from $0.20, aligned with the make-or-break 200EMA on the daily chart, suggests the historical pattern of strong continuations could still play out.

Momentum indicators support the reversal. The RSI has rebounded sharply from the oversold threshold at 30, signaling that buyers are stepping in as seller exhaustion sets in.

Meanwhile, the MACD line is converging toward a golden cross above the signal line, an early sign of a short-term uptrend forming on the 4-hour timeframe.

The key level to watch is a reclaim of prior support at $0.22 to confirm this isn’t a false breakout.

If confirmed, the breakout path could progress toward resistance at $0.245 and eventually the July peak at $0.28 — a potential 37% move.

With sustained momentum, DOGE could even make a run toward the $0.3760 target forecast by Swanson, especially with spot DOGE ETFs expected to unlock new waves of institutional demand.

If the trend holds and momentum continues to build, a rally toward 200% upside is not off the table.

The Next Bull Run Could See A Different Doge Coin Explode

When it comes to large-cap tokens like Dogecoin, gains tend to be slower and harder to come by.

Big breakouts take months to build and often play out in just days, leaving most holders stuck waiting on the sidelines.

In contrast, newer Doge-themed tokens tap into the same viral energy, but with far greater upside potential.

Speculators are watching closely for the next coin to carry the torch, and Maxi Doge ($MAXI) is emerging as a frontrunner.

Built around this cycle’s biggest meme coin narrative, “mission coins,” it embraces a no-utility ethos.

Maxi Doge fuses gym-culture satire with trader degeneracy, presenting itself as more than just a meme coin; it’s a lifestyle asset.

The community is already growing fast, raising over $180,000 in the first week of presale. Its earliest holders are rewarded by a high APY on staking, currently at 1,260%.

XRP (XRP) has gone down by 3.4% in the past 24 hours. An increase in trading volumes shows that this is a heavily contested area for market participants that could cushion the downtrend and favor a bullish XRP price prediction.

The $3 level has acted as support for XRP in the past. At a point when the market is taking a breather following days of strong upward pushes, can this price mark be the line in the sand for bulls?

Trading volumes for XRP in the futures market have retreated lately, possibly as participants have started to cash out of their profitable long positions.

Data from CoinGlass shows that open interest in XRP futures has declined from a historical record of nearly $11 billion to $8.1 billion as of today – a 26.4% drop in just 10 days.

Meanwhile, in the traditional futures market, CME Group XRP futures have seen their trading volumes plummet from a record of 4,765 contracts negotiated on July 23 to just 535 yesterday as the month closed.

Traders seem to be waiting for the next catalyst before opening new positions following this week’s interest rate decision from the Federal Reserve. As expected, the U.S. central bank made no changes to its federal funds rate.

XRP Price Prediction: XRP Recovers Upon Hitting $3

Once again the price action has pushed XRP to the $3 level and has respected a descending triangle pattern that has now been touched 4 times.

This confirms the relevance of this technical setup for market participants, meaning that a bearish or bullish breakout could be interpreted as a reliable signal of what could come next.

Apart from being a psychological area of support, the $3 level is also in confluence with the 200-period exponential moving average (EMA) in the 4-hour chart.

At this point, a bullish breakout of this descending triangle, which would be confirmed if the price pushes above $3.2, could be a strong indication that the token is ready for a trend reversal.

We may see a move toward the $3.65 level if a breakout occurs.

XRP’s prospects are quite positive for the long term but investors may pile into the best crypto presales as they lean toward tokens that can offer much bigger gains in this bull cycle. Bitcoin Hyper (HYPER) is a clear example as this Bitcoin L2 has raised more than $5 million in just a month.

Bitcoin Hyper (HYPER) Leverages Solana’s Efficiency to Foster a New Era for BTC’s DeFi

Bitcoin Hyper (HYPER) bridges Bitcoin and Solana through a powerful L2 that aims to unlock the untapped potential of BTC’s decentralized finance (DeFi).

Users will now be able to stake, lend, and earn yield on their BTC tokens without having to transfer their assets out of the Bitcoin blockchain through the Hyper bridge.

This solution receives BTC at its native chain in a designated wallet and mints the corresponding amount in the Bitcoin Hyper L2 to access this network’s thriving DeFi apps.

Once top wallets and exchanges start to embrace this project, the demand for $HYPER will likely explode. You can position yourself to reap the highest returns by buying this token at its discounted presale price.

Simply head to the Bitcoin Hyper website and connect your wallet (e.g. Best Wallet). You can either swap USDT or ETH or use a bank card to invest.

Shiba Inu (SHIB) is facing mounting bearish pressure amid record token transfers and deteriorating technical indicators. On July 31, over 4.87 trillion SHIB tokens were moved in a single day, a sign of aggressive selling activity by large holders. This volume far exceeded the seven-day average of 2.72 trillion tokens and aligns with a breakdown in key technical levels. The price has fallen below the 50 EMA and is nearing critical support at $0.00001200, raising concerns of further downward momentum [1].

The on-chain data paints a clear picture of market sentiment. Large token movements often correlate with distribution phases, in which whale activity intensifies during periods of increased volatility. A $4.2 million withdrawal from a Binance wallet was also noted on July 31, potentially signaling a shift in custody strategies among major SHIB holders [2]. This activity, combined with the price action, suggests a growing caution among long-term investors.

Technical indicators offer little optimism. While the price approaches oversold territory, the RSI shows no bullish divergence, a red flag for potential further declines. The absence of any recovery above key moving averages suggests that bearish momentum is structural rather than cyclical [3]. If the $0.00001200 level fails to hold, SHIB could drop toward $0.00001050, a level last seen in early 2025.

Burn activity has increased in recent days, offering a potential tailwind for the token. However, this has not been sufficient to offset the broader selling pressure. Analysts have not provided clear forecasts for a rebound, leaving the market in a state of uncertainty. The lack of bullish divergence in key metrics points to a continuation of the current downtrend in the near term [4].

The broader crypto market has mirrored SHIB’s bearish tone. Solana (SOL) fell to $166, Bitcoin and Ethereum both declined, and XRP saw a similar downward trend. The increased transaction volumes on Bitcoin and Ethereum, up 7.2% and 4.2% respectively, suggest a broad-based shift in trading behavior [5]. These trends reinforce the notion that the current selling pressure is not isolated to SHIB but reflects a wider market correction.

Market participants are now closely watching on-chain data and technical levels for signs of stabilization or reversal. For now, the bearish structure remains intact, with no immediate catalysts suggesting a reversal. Investors are advised to remain cautious and monitor both price action and whale activity for potential turning points.

Sources:

[1] Mitrade. Shiba Inu Price Prediction: Why SHIB Might Have To Fight … https://www.mitrade.com/au/insights/news/live-news/article-3-996969-20250730

[2] Blockchain. SHIB Price Struggles Despite Massive Burn Rate Spike as … https://blockchain.news/news/20250731-shib-price-struggles-despite-massive-burn-rate-spike-as-bears

[3] AInvest. Binance Wallet Withdraws $4.2M in Crypto Amid Self … https://www.ainvest.com/news/ethereum-news-today-binance-wallet-withdraws-4-2m-crypto-custody-shift-2507/

[4] Yahoo Finance. Most Active Crypto Currencies: Coins and Tokens With the … https://uk.finance.yahoo.com/markets/crypto/most-active/

[5] CoinJournal. Solana Price Forecast as SOL Bulls Look to Buy the Dip https://coinjournal.net/news/solana-price-forecast-as-sol-bulls-look-to-buy-the-dip/

Cardano price has entered a critical phase as it trades at the apex of a long-term symmetrical triangle, with rising volatility and downside pressure dominating the short-term charts. Cardano price today is down over 13% on the week, slipping below $0.74 and testing lower support zones as bearish momentum takes hold.

What’s Happening With Cardano’s Price?

The weekly chart shows ADA pressing against the convergence point of a multi-year symmetrical triangle. Price failed to break the descending resistance from the 2021 all-time high and is now approaching the triangle support trendline near $0.68. The macro pattern is close to resolution, and the breakout direction could set the tone for the remainder of Q3.

On the daily chart, Cardano price action shows a clear Change of Character (CHoCH) after a breakdown from the July rally peak near $0.87. The price has entered a red supply zone, and Parabolic SAR dots remain above price, indicating that bears continue to control the momentum.

Why Cardano Price Going Down Today?

T…

The post Cardano (ADA) Price Prediction for August 2 appeared first on Coin Edition.

XRP has recently regained significant attention in the cryptocurrency market, with rising investor sentiment and positive developments in the broader digital asset landscape. As of late July 2025, XRP has surged by over 400% since November 2024, trading near a historic monthly close in the $3.40–$3.45 range [4]. This upward momentum has been supported by expectations that the U.S. Securities and Exchange Commission (SEC) may drop its case against Ripple, a move that would remove a major overhang on XRP’s price action [4]. Meanwhile, speculation is growing around potential XRP-focused ETFs from major institutions like BlackRock and ProShares, which could accelerate institutional adoption [2].

Analysts are closely monitoring key price levels. The $3.35–$3.60 resistance zone is seen as a critical threshold. A breakout above this range could trigger a more substantial rally, with some forecasts suggesting XRP could reach $6 or even $9–$10 by September 2025 [6]. DeepSeek has predicted XRP could hit $5 by the end of 2025, citing favorable price trends and market conditions [5]. BraveNewCoin also supports a $5 target, pointing to bullish patterns on major exchanges and increased whale activity indicating strong buying pressure [6].

Institutional interest is further being driven by PayPal’s recent integration of XRP for cross-border payments, which has helped break the token out of a nine-month consolidation phase [5]. Additionally, the SEC has streamlined its ETF approval process to 75 days, potentially accelerating the launch of XRP-focused funds [2]. With over 72 crypto ETF applications pending, the market is showing a broader trend toward institutional acceptance of digital assets.

Despite the optimism, analysts remain cautious. While some see XRP hitting $20 in the long term due to shrinking retail supply and strong institutional demand [7], others warn that previous highs have often been short-lived [6]. A slight decline in the broader crypto market cap—down 1.45% in the week of July 2025—has also raised concerns about a potential pullback [2]. Key resistance levels in the $5–$5.40 range are being closely watched for signs of further price movement [6].

XRP’s recent performance has outpaced the broader market, with a 3.27% rise in the last 24 hours and trading near $3.15 [1]. Open interest has also increased significantly, with year-over-year growth reaching nearly 143%, reflecting heightened speculative activity [3].

In summary, XRP is at a critical juncture, with regulatory developments, institutional adoption, and favorable price action aligning to support a potential breakout. While the $5 target is seen as plausible if key resistance levels are breached, the market remains watchful of broader crypto trends and regulatory outcomes. As the crypto sector awaits the possible approval of XRP ETFs and further clarity from the SEC, the token’s performance could serve as a key indicator for the altcoin market.

[1] MSN (http://www.msn.com/en-in/money/markets/xrp-price-prediction-after-today-s-3-surge-is-ripple-set-to-smash-4-as-whales-buy-big-and-experts-predict-60-rally/ar-AA1JrfYE?apiversion=v2&batchservertelemetry=1&domshim=1&noservercache=1&noservertelemetry=1&renderwebcomponents=1&wcseo=1)

[2] XRP ETF Approval Incoming? Analyst Eyes Sept–October (https://www.newsbtc.com/altcoin/xrp-etf-approval-incoming-analyst-eyes-september-october-window/)

[3] 3 Reasons Cold Wallet Outshines XRP and Dogecoin as … (https://coincentral.com/3-reasons-cold-wallet-outshines-xrp-and-dogecoin-as-the-best-crypto-to-invest-in-2025/)

[4] Ripple and the SEC may be reaching a settlement (https://coincentral.com/ripple-and-the-sec-may-be-reaching-a-settlement-and-xrp-whales-are-pouring-smart-money-into-find-mining/)

[5] DeepSeek’s Top 4 Cryptos to Explode in 2025 (https://bravenewcoin.com/sponsored/presale/deepseeks-top-4-cryptos-to-explode-in-2025)

[6] XRP News Today: XRP Could Hit $20 as Institutions Target … (https://www.ainvest.com/news/xrp-news-today-xrp-hit-20-institutions-target-1-9-billion-retail-holdings-2507/)

[7] XRP Price Prediction: Ripple Won’t 10x In 2025, But These … (https://financefeeds.com/xrp-price-prediction-ripple-wont-10x-in-2025-but-these-3-tokens-will-do-it-in-weeks/)

BlockDAG’s presale has surged past $356 million, driven by the extended NO VESTING PASS offer and a locked-in entry price of $0.0016, despite the current presale batch reaching $0.0276. This has positioned BlockDAG as a standout performer in the crypto market, drawing attention amid stagnation in XRP and mixed signals from the Avalanche ecosystem. The NO VESTING PASS allows buyers full access to their coins at launch, a rare feature in the presale space that has spurred demand and reinforced investor confidence [1]. The project’s presale has already generated over 24.5 billion coin sales, with early price gains reaching 2,660% since the first batch [1].

XRP remains in a tight trading range above $3.00, with the current XRP price prediction indicating a lack of breakout momentum. Despite holding above the $3.00 to $3.14 support zone, the altcoin has struggled to break through key resistance levels, particularly the $3.30 mark [1]. Technical indicators such as MACD, RSI, and ADX suggest weak price action, and the failure to move above the 30 EMA underscores the lack of upward pressure. If the support level breaks, XRP could face downward pressure toward $2.80 [1].

Meanwhile, the Avalanche ecosystem has seen a 40% increase in total value locked (TVL), primarily driven by DeFi inflows following the Octane upgrade. Trading activity and derivatives volume have also risen, indicating a resurgence of interest among traders [1]. However, on-chain metrics tell a different story. Active and new wallet numbers have declined, highlighting a disconnect between TVL growth and actual user engagement. Without stronger on-chain activity, the ecosystem may struggle to push past the $26 to $28 price range [1].

BlockDAG’s rapid presale growth and unique features, including a fixed entry price and full unlock at launch, have set it apart from other projects. The team’s responsiveness to community feedback—extending the NO VESTING PASS based on investor demand—has further boosted credibility and participation [1]. Analysts suggest that the project’s fundamentals and growing utility could support a price target as high as $5, although this remains speculative [1].

As launch day on August 11 approaches, BlockDAG appears well-positioned for a strong market entry. The combination of locked pricing and full liquidity at launch provides a compelling setup for early adopters. With presale demand continuing to rise, the project is emerging as a top choice for investors seeking exposure to a high-momentum token ahead of a major market shift [1].

Source: [1]BlockDAG Extends $0.0016 Entry & NO VESTING PASS, Drives $356M Presale Surge as XRP Stagnates & AVAX DeFi TVL Rises 40% (https://coinmarketcap.com/community/articles/688c5fcbe208db3ef99a4521/)

XRP is on the verge of recording its highest monthly close in history, with the token trading near the $3.40–$3.45 range as of late July 2025. A tweet from @egragcrypto highlighted the possibility of a historic close within hours, with the price having surged over 400% since November 2024. This sharp increase is attributed to regulatory developments, including the U.S. Securities and Exchange Commission’s reported decision to drop its case against Ripple, which has removed a key overhang and boosted investor confidence [4]. Additionally, speculation surrounding a potential XRP ETF from BlackRock and the ProShares UXRP ETF has further fueled optimism in the market [2].

Historical data from Yahoo Finance and NewsBTC shows XRP previously reaching a high of $3.39 in January 2025—close to its current level. If XRP sustains this price action, it could confirm a long-term uptrend. However, analysts caution that past gains after all-time highs have sometimes been short-lived [6]. The broader crypto market has seen a 1.45% decline in market cap this week, according to Coinbase, highlighting XRP’s standout performance amid a downturn [2].

Institutional interest is also rising. With over 72 crypto ETF applications pending, the regulatory environment is shifting in favor of greater institutional adoption. The U.S. SEC has streamlined its ETF approval process to 75 days following a rule change, which could expedite the approval of XRP-focused funds [2]. Meanwhile, PayPal’s integration of XRP for cross-border payments has added to the token’s momentum, helping it break out of a nine-month consolidation phase [5].

While bullish sentiment is strong, caution remains among some market participants. Key resistance levels, particularly the $5–$5.40 range, are being closely watched as potential triggers for the next wave of price movement [6]. Analysts remain divided, with some forecasting a move toward $5 or even higher, while others warn of potential breakdowns if support levels are tested [1]. The growing interest in XRP, driven by regulatory clarity, institutional backing, and macroeconomic tailwinds, is reshaping perceptions of the token’s long-term viability.

As the crypto community awaits the outcome of the potential historic monthly close, XRP’s performance could signal a broader shift in market dynamics. If successful, the move may not only validate XRP’s place in the mainstream financial ecosystem but also set a precedent for other altcoins seeking regulatory legitimacy and institutional adoption.

—

Sources:

[1] XT Community News (https://www.xt.com/en/blog/community-news/2025-07-31T22:00:00.000Z)

[2] XRP ETF Approval Incoming? Analyst Eyes Sept–October (https://www.newsbtc.com/altcoin/xrp-etf-approval-incoming-analyst-eyes-september-october-window/)

[4] Ripple and the SEC may be reaching a settlement (https://coincentral.com/ripple-and-the-sec-may-be-reaching-a-settlement-and-xrp-whales-are-pouring-smart-money-into-find-mining/)

[5] XRP Gains Momentum on PayPal Boost as Analyst Sets $9 (https://bravenewcoin.com/insights/xrp-price-prediction-xrp-gains-momentum-on-paypal-boost-as-analyst-sets-9-target)

[6] XRP Price Aiming for $5, But These Two Altcoins Could (https://coincentral.com/xrp-price-aiming-for-5-but-these-two-altcoins-could-see-50x-before-year-end/)

Solana (SOL) is staging a potential comeback, rebounding 1% to $187.43 after triggering a TD Sequential buy signal at $178. This technical indicator, widely used to identify trend reversals, has sparked renewed bullish sentiment among traders, especially as SOL consolidates above the key $180 level.

The 4-hour chart shows diminishing bearish momentum, with candlesticks losing strength—an early sign that sellers are losing control. A green arrow under the final bearish candle, coupled with a black arrow confirmation, adds credibility to the bullish thesis.

Solana’s Price action is forming higher lows, suggesting strength is building for a possible breakout toward $188–$190. However, SOL’s bullish narrative is tempered by growing internal tension in the crypto space, especially with growing security concerns.

Ethereum-Based Scams Threaten The Solana Ecosystem Integrity?

Community sentiment has turned cautious after warnings from prominent Solana contributor Dean Little. He flagged the risk of Ethereum “grifters” exploiting Solana’s fast and affordable infrastructure for scams, potentially undermining trust and driving away long-term users.

This concern isn’t unfounded, Solana has seen its daily active addresses fall by 16% in the past week, with DeFi total value locked (TVL) dipping 8%. Though July was strong, with $9.85B TVL and $82B in DEX volume, signs of cooling engagement have coincided with SOL’s price retracing from its $206 high.

Traders Eye Breakout as Sentiment and Technicals Collide

Despite the volatility, the TD Sequential buy signal has provided a technical lifeline. SOL is holding the 20-day EMA near $178, a key dynamic support. Retail long positioning has surged, and open interest is rising, suggesting that traders are preparing for a move.

As SOL battles for control above $180, a sustained close above $190 could reignite momentum. Still, with Ethereum-based scams casting a shadow, traders must stay woke. The next few sessions could determine whether Solana’s bullish setup leads to a breakout, or succumbs to broader distrust.

Cover image from ChatGPT, SOLUSD chart from Tradingview