An analyst has pointed out where Solana support levels could lie based on a 
Parallel Channel forming in the asset&#8217;s weekly price chart. Solana Parallel 
Channel Could Indicate Support At These Levels In a new post on X, analyst Ali 
Martinez has discussed how support is looking for Solana from the perspective 
of a Parallel Channel that may be emerging in its 7-day price. Related 
Reading: XRP Triangle Could Point To Support Between $0.60 And $0.90 The 
&#8220;Parallel Channel&#8221; is a pattern from technical analysis (TA) that forms 
whenever an asset trades between two parallel trendlines. There are a few 
different ways a Parallel Channel can be categorized based on the orientation 
of its trendlines. Ascending Channels involve lines that are pointing up, 
while Descending Channels have a downward slope. These types correspond to 
periods of parallel consolidation to a net upside and downside, respectively. 
In the context of the current topic, the third and the most basic type is of 
interest: a Parallel Channel that&#8217;s parallel to the time-axis. As the price 
moves inside such a channel, it observes a phase of perfectly sideways action. 
Now, here is the chart shared by Martinez that shows the Parallel Channel that 
the weekly price of Solana has potentially been moving inside in recent years: 
As displayed in the above graph, Solana retested the upper level of the 
Parallel Channel a couple of times during 2025. Each time, the price ended up 
topping out and a decline followed. The upper line of a Parallel Channel is 
considered to be a source of resistance, so these rejections may have been 
signs of the pattern being in action. Since the latest rejection, SOL has been 
moving down in a sharp manner as the cryptocurrency sector as a whole has 
observed a bearish shift. So far, the coin is still contained inside the upper 
half of the channel, but if momentum weakens, it might end up traveling lower. 
According to the analyst, these levels could act as support in such a 
scenario: $50.22, $22.47, and $9.98. These levels correspond to a point 50%, 
75%, and 100% down the channel, respectively. Solana last tested the lower- 
most of these levels during the bear market of the previous cycle. Back then, 
it had helped the cryptocurrency reach a bottom. It now remains to be seen 
which direction the asset will go next and if a retest of any of these levels 
will take place. Related Reading: Ethereum Still Undervalued As Bitcoin, XRP 
Sit Near Neutral, Santiment Says SOL isn&#8217;t the only cryptocurrency observing a 
Parallel Channel setup. As Martinez has highlighted in another X post, the 
monthly price of Stellar (XLM) has also been moving down such a pattern, with 
possible support levels existing at 0.147, 0.078, and 0.041. SOL Price At the 
time of writing, SOL is floating around $81, down 5.5% in the last 24 hours. 
Featured image from Dall-E, chart from TradingView.com

Solana’s Next Major Support Levels Sit At $50, $22, And $10: Analyst

Global regulators intensify cross-border oversight as the SEC and Japan’s FSA 
deepen cooperation on crypto supervision, digital assets, and investor 
protection, signaling tighter alignment across two of the world’s most 
influential capital markets. US SEC and Japan’s FSA Expand Crypto and Cross- 
Border Oversight Talks International regulatory cooperation remains central to 
global capital market oversight. The […]

US and Japan Regulators Discuss Crypto Oversight in High-Level Strategic Talks

Hyperliquid (HYPE), one of the largest decentralized exchanges (DEXs) in the 
crypto sector, is preparing a significant upgrade that could reshape how new 
projects launch tokens on its platform. The proposal, known as HIP-6, 
introduces a framework designed to enable permissionless, on-chain token 
launches without relying on the off‑chain capital-raising methods that many 
teams currently use. New Hyperliquid Proposal Details of the proposal were 
shared on social media by James Evans of Reciprocal Ventures. According to 
Evans, HIP-6 establishes a permissionless token launch auction for new HIP-1 
assets, specifically tailored for teams seeking to issue tokens directly on 
Hyperliquid. The system adapts Uniswap’s continuous clearing auction model to 
function within Hyperliquid’s central limit order book (CLOB) environment, 
allowing token launches to occur natively within the exchange’s 
infrastructure. Related Reading: Jane Street Faces New Lawsuit: Trump Media 
Calls For Federal Investigation At present, while HIP-1 and HIP-2 already 
allow permissionless token deployment and automated liquidity provisioning, 
gaps remain in capital formation and price discovery. Teams launching tokens 
on Hyperliquid often need to secure funding off chain, manually provide their 
own liquidity to seed HIP-2 pools, or release tokens into relatively thin 
order books. These limitations have meant that, despite its technical 
strengths, Hyperliquid has not yet reached feature parity with other high- 
performance ecosystems and exchanges when it comes to initial token offerings. 
HIP-6 is designed to close that gap, though participation will remain optional 
for projects. By integrating capital raising and liquidity seeding into a 
single on-chain flow, the proposal aims to simplify the process for founders. 
Funds raised during the auction would be split automatically between the token 
deployer and liquidity provision through HIP-2, reducing operational friction 
and reliance on external arrangements. Auction Structure And Ecosystem Growth 
A core component of the proposal is its approach to price discovery. Instead 
of a one‑time auction vulnerable to timing strategies, HIP-6 uses a continuous 
clearing auction that unfolds over multiple blocks. This structure is intended 
to determine a fair market price while minimizing the “sniping” and 
last‑minute bidding behavior often seen in traditional token launches. The 
upgrade also seeks to strengthen the broader ecosystem around Hyperliquid. By 
creating utility for aligned quote assets, HIP-6 could contribute to higher 
total value locked (TVL) in those assets and generate yield for the platform’s 
Assistance Fund. Related Reading: Circle Tops Q4 Revenue Forecasts, Shares 
Surge 30% — Key Numbers Inside While HIP-6 addresses how new tokens raise 
funds and establish initial liquidity, it does not dictate how those tokens 
create long-term value or how their governance systems operate. Mechanisms 
such as revenue sharing, buybacks, staking rewards, treasury oversight, or 
voting rights would remain up to individual projects. Similarly, tokenholder 
protections—such as treasury lockups, on-chain transparency requirements, or 
vesting schedules affecting both buyers and team allocations—would need to be 
built on top of the HIP-6 framework. The proposal’s stated objective is to 
make the initial auction process as efficient and equitable as possible, 
leaving post-launch design choices to the creativity of the Hyperliquid 
community. At the time of writing, HYPE, the platform’s native token, was 
trading at $27.430, representing a 3% drop over the previous 24 hours. 
Featured image from OpenArt, chart from TradingView.com

Hyperliquid (HYPE) Eyes Native Token Issuance With Latest Upgrade Plan

Mark Karpelès said it has been 12 years since the start of Mt. Gox’s 
bankruptcy proceedings and “this is probably the last sore point on this whole 
case.”

Mt. Gox’s former CEO floats hard fork to recover 80K hacked Bitcoin

Spot Bitcoin (BTC) Exchange-Traded Funds (ETFs) have shown strength amid the 
crypto market’s correction and the flagship crypto’s latest performance. Some 
experts have praised investors’ resilience, suggesting that the “real story” 
is not in the recent outflows. Related Reading: Ethereum’s Fate Hangs On This 
Multi-Year Support – Recovery Or Deeper Pullback Next? ETFs Investors Hold 
Strong Despite Market Downturn On Thursday, Nate Geraci, co-founder of the ETF 
Institute, affirmed that Bitcoin ETF investors have “largely displayed diamond 
hands” during the recent crypto market downturn. The flagship crypto has seen 
a 48.2% correction from its October 6, 2025, all-time high (ATH), recording 
five consecutive months of strong bleeding after the October 10 market crash. 
Since then, spot BTC ETFs have seen about $6.5 billion in outflows, the expert 
observed, which he considers a “drop in the bucket” compared to the $55 
billion in cumulative total net inflows that the category has seen since 
launching in January 2024. It’s worth noting that crypto-based investment 
products have seen five weeks of outflows this year, with Bitcoin having the 
weakest sentiment among major assets amid the negative market sentiment of the 
past month. According to SoSoValue data, BTC funds have recorded $3.81 billion 
in net outflows since January 23, starting the week with $203.82 million in 
outflows on Monday. However, Geraci highlighted potential renewed demand for 
the investment products as the category sees a three-day streak of consistent 
inflows. Notably, Bitcoin ETFs have seen over $1 billion in inflows over the 
past three days, setting the stage for their potential biggest week since mid- 
January. The ETF expert emphasized that 50% drawdowns “are a walk in the park 
for long-time BTC investors,” but observed that newer ETF investors also 
appear unfazed by the current market conditions. “Not first time btc has 
experienced 50% decline &amp; likely won’t be the last. ETF investors clearly 
aren’t panicking, though. Apparently buying the dip,” he wrote on X. Bitcoin 
ETFs Strength Is The ‘Real Story’ Bloomberg Intelligence Senior ETF Analyst 
Eric Balchunas backed Geraci’s comment, praising the remarkable performance of 
spot Bitcoin ETFs over the past two years. “As an ETF watcher, you know just 
how absurd this strength amid a 50% drawdown,” Balchunas stated. “This is the 
real story, vs focusing on the $6b that came out, which most stories do.” 
“Further, the narrative that crypto is &#8216;paying the price&#8217; for getting 
financialized is absurd. $55b in net new cash in two years is the opposite of 
paying the price,” he added on X. In a recent interview, the senior analyst 
observed that the amount of Bitcoin held by ETFs is only down around 6% 
despite the market pullback. He noted that these types of corrections happen 
to every asset, including bonds and stocks, before recovering. Stocks have the 
same thing. Every time stocks go down, I remind myself and then other people 
that stocks have a 100% perfect record of coming back to hit all-time highs 
from a downturn. So, why would I worry that much, right? Related Reading: XRP 
Rally Incoming? Analyst Forecasts March-April Recovery If This Level Breaks 
Balchunas affirmed that these assets can have “really horrible streaks, but 
then when they come back around, the flows come back.” He concluded that the 
price volatility and the negative market sentiment are “the cost of the holy 
grail returns that most people have gotten.” Featured Image from Unsplash.com, 
Chart from TradingView.com

Cryptocurrency price in AED