Optimism price has fallen below key moving averages, with traders cutting 
leverage ahead of a $8.3M token unlock. Optimism traded at $0.2678 at press 
time, down 4% in the past 24 hours. Over the last seven days, price moved 
between…

Optimism price drifts below key moving averages— will upcoming $8.6M unlock add pressure?

Widespread protests took place in Iran’s capital after the rial slid to record 
lows, prompting Bitwise CEO Hunter Horsley to argue Bitcoin could help 
Iranians protect their savings.

Iranian protests over currency collapse show why Bitcoin’s needed: Bitwise CEO

Solana (SOL) is retesting a make-or-break area that could set the stage for a 
major move at the start of next year. Some analysts have suggested that 
altcoin’s chart signals a bearish performance for the coming months. Related 
Reading: Here’s Why Bitcoin Advocate Max Keiser Restates Bullish Outlook For 
2025 Solana Faces Another Rejection From Key Resistance After hitting a three- 
week high of $130 on Sunday, Solana started the week with a 6.1% correction to 
the $122 area. The cryptocurrency recently breached below its macro support 
around the $120 zone, hitting an eight-month low of $116 in mid-December. 
Since then, the altcoin has been trading between the $120-$126 mark, 
attempting to break out of the local resistance multiple times but ultimately 
being rejected after each retest. SOL’s price surged around 5.6% toward during 
Sunday’s broader market bounce, trying to build a base below the crucial 
resistance level before plunging after the early Monday correction. Amid this 
performance, market observer Crypto Jobs pointed out that Solana had broken 
out of a six-week falling wedge, which could target the $144-$146 area if 
momentum holds and price confirms a retest of the breakout. However, the star- 
of-week pullback has momentarily sent SOL below the pattern’s upper boundary. 
Analyst Man of Bitcoin also highlighted that the cryptocurrency had broken 
above a one-month downtrend line, which suggested an initial move toward the 
$129-$130 area. The analyst explained that “holding above the broken trendline 
is key to maintaining upside momentum,” but noted that as long as the price 
remains below $146, a scenario where price is headed for one more low, around 
the $100-105 horizontal support, remains likely. Following the Monday 
rejection, he affirmed that “it could be that wave-4 is already complete. A 
decisive break below the trendline would confirm this further.” SOL’s Higher 
Timeframe Chart Shows Troubling Signs Market watcher Elite Crypto affirmed 
that Solana “doesn’t look very strong” on the higher timeframe, pointing to a 
multi-year bearish pattern potentially forming on SOL’s chart. According to X 
analysis, the cryptocurrency has been developing a Head and Shoulder pattern 
since early 2024, with the neckline sitting around the $105 area in the weekly 
timeframe. The char shows that left shoulder formed during the Q1 2024 rally, 
while the head and right shoulder formed during its rally to its latest all- 
time high (ATH) in Q1 and Q3 2025 breakouts, respectively. “If $SOL loses the 
$105 support then the price could move down to the $75–$51 range and this 
phase may last until mid 2026,” the investor detailed, adding that “after this 
period, the overall trend for SOL can turn bullish and set up a better move 
ahead.” Similarly, Henry from Lord of Alts suggested that Solana has formed a 
double top formation with the neckline around the current levels instead of a 
Head and Shoulders pattern. Related Reading: Bitcoin Nears Red Yearly Close: 
Galaxy Digital Explains The Setup Per the analyst, “We put in a clean double 
top, rolled over, and now price is going back toward a zone that’s acted as 
real support before.” If the altcoin fails to hold the current support, its 
price could retrace toward the $60 mark, the chart shows. Moreover, he added 
that SOL’s price could also risk a drop to the $35 area in the coming months 
as there’s “a big gap below that market hasn’t dealt with yet.” Featured Image 
from Unsplash.com, Chart from TradingView.com

Solana Bearish Formation Hints At Major Correction Until Mid-2026 – Here’s The Target

Ethereum price started a decent upward move but failed near $3,050. ETH is now 
struggling and might continue to move down below $2,900. Ethereum started a 
recovery wave but struggled above $3,000. The price is trading below $2,950 
and the 100-hourly Simple Moving Average. There is a short-term contracting 
triangle forming with resistance at $2,930 on the hourly chart of ETH/USD 
(data feed via Kraken). The pair could continue to move down if it breaks 
below the $2,880 zone. Ethereum Price Dips Again Ethereum price started a 
recovery wave above the $2,920 and $2,950 levels, like Bitcoin. ETH price even 
climbed above the $3,000 resistance before the bears appeared. A high was 
formed at $3,053, and the price started another decline. There was a sharp 
decline below $3,000 and $2,980. The bears even pushed the price below $2,950. 
A low was formed at $2,907 and the price is now consolidating losses below the 
23.6% Fib retracement level of the downward move from the $3,053 swing high to 
the $2,907 low. Ethereum price is now trading above $2,950 and the 100-hourly 
Simple Moving Average. If the bulls are able to protect more losses below 
$2,900, the price could attempt another recovery wave. Immediate resistance is 
seen near the $2,940 level. Besides, there is a short-term contracting 
triangle forming with resistance at $2,930 on the hourly chart of ETH/USD. The 
first key resistance is near the $2,955 level. The next major resistance is 
near the $2,980 level. It is close to the 50% Fib retracement level of the 
downward move from the $3,053 swing high to the $2,907 low. A clear move above 
the $2,950 resistance might send the price toward the $3,000 resistance. An 
upside break above the $3,000 region might call for more gains in the coming 
days. In the stated case, Ether could rise toward the $3,050 resistance zone 
or even $3,120 in the near term. Another Decline In ETH? If Ethereum fails to 
clear the $2,955 resistance, it could start a fresh decline. Initial support 
on the downside is near the $2,900 level. The first major support sits near 
the $2,880 zone. A clear move below the $2,880 support might push the price 
toward the $2,840 support. Any more losses might send the price toward the 
$2,800 region. The next key support sits at $2,720. Technical Indicators 
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. 
Hourly RSI &#8211; The RSI for ETH/USD is now below the 50 zone. Major Support Level 
– $2,900 Major Resistance Level – $2,955

Ethereum Price Momentum Rolls Over, Bearish Move Warning

Analysts are split on whether Bitcoin’s typical four-year cycle has ended in 
2025, with institutional ETFs and regulatory shifts cited as key factors.

Cryptocurrency price in ARS