Solana started a fresh increase above the $82 zone. SOL price is now 
consolidating above $85 and might aim for more gains above the $95 zone. SOL 
price started a fresh upward move above the $82 and $85 levels against the US 
Dollar. The price is now trading above $82 and the 100-hourly simple moving 
average. There was a break above a bearish trend line with resistance at $87 
on the hourly chart of the SOL/USD pair (data source from Kraken). The pair 
could extend gains if it clears the $88 resistance zone. Solana Price Regains 
Traction Solana price started a decent increase after it settled above the $82 
zone, like Bitcoin and Ethereum. SOL climbed above the $85 level to enter a 
short-term positive zone. The price even smashed the $88 resistance. The bulls 
were able to push the price above $90. A high was formed at $92, and the price 
is now consolidating gains. There was a minor decline below the 23.6% Fib 
retracement level of the recent upward move from the $75.64 swing low to the 
$92.05 high. Recently, there was a break above a bearish trend line with 
resistance at $87 on the hourly chart of the SOL/USD pair. Solana is now 
trading above $85 and the 100-hourly simple moving average. On the upside, the 
price is facing resistance near $88. The next major resistance is near the $92 
level. The main resistance could be $95. A successful close above the $95 
resistance zone could set the pace for another steady increase. The next key 
resistance is $100. Any more gains might send the price toward the $106 level. 
Downside Correction In SOL? If SOL fails to rise above the $88 resistance, it 
could start another decline. Initial support on the downside is near the 
$85.50 zone. The first major support is near the $84 level or the 50% Fib 
retracement level of the recent upward move from the $75.64 swing low to the 
$92.05 high. A break below the $84 level might send the price toward the $82 
support zone. If there is a close below the $82 support, the price could 
decline toward the $78 support in the near term. Technical Indicators Hourly 
MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours 
RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. 
Major Support Levels – $85.50 and $84.00 Major Resistance Levels – $88 and 
$95.

Solana (SOL) Upside Builds, $100 Breakout Hopes Strengthen Across Market

Japan&#8217;s regulatory framework for stablecoins could enhance its digital finance 
sector, challenging dollar dominance and fostering global blockchain 
integration.
The post SBI Holdings, Startale Group to issue first trust-based yen 
stablecoin JPYSC under Japan&#8217;s framework appeared first on Crypto Briefing.

SBI Holdings, Startale Group to issue first trust-based yen stablecoin JPYSC under Japan’s framework

Federal prosecutors allege a massive cryptocurrency investment fraud that 
funneled hundreds of millions from investors into a lavish lifestyle, placing 
Goliath Ventures CEO Christopher Alexander Delgado at the center of a sweeping 
criminal case. $328M Crypto Ponzi Scheme Exposed: Goliath Ventures CEO 
Arrested in Federal Fraud Case Federal authorities continue to target large- 
scale financial fraud […]

Crypto ‘Liquidity Pools’ Mask $328 Million Ponzi Scheme, CEO Arrested

Bitcoin has been given some reprieve to trade sideways for a few weeks, but it 
won&#8217;t likely emerge from the woods until the fourth quarter, says crypto 
analyst Willy Woo.

Crypto analyst says Bitcoin selling pressure is nearly exhausted

Swyftx lead analyst Pav Hundal says near-term uncertainty has already been 
priced into Ether, and without any surprise catalysts, it will likely trade 
sideways for now.

Cryptocurrency price in ILS