Holding above $2 increases XRP&#8217;s potential to retest $3 in the coming weeks, 
while also maintaining a record high target of around $7.75.

Ripple’s $1B buy-back plan fails to lift price: Can XRP still rebound?

Sharplink has raised $76.5 million through an equity sale priced above market 
value, marking another step in its aggressive ETH-focused treasury expansion. 
The company also introduced a first-of-its-kind premium purchase contract with 
the potential to raise an additional $79 million. Premium Equity Sale Fuels 
Ethereum Growth Strategy for Sharplink Sharplink has raised $76.5 million in 
[…]

Sharplink Secures $76.5 Million to Expand Ethereum Treasury

As Solana’s (SOL) price attempts to hold a crucial support area, an analyst 
has warned investors that the highly anticipated “Solana season” might not 
happen as the altcoin risks a massive price crash. Related Reading: Has The 
Crypto Treasury Bubble Burst? Tom Lee Thinks So Solana Risks ‘Serious 
Downside’ On Friday, Solana followed the rest of the market and fell below the 
$180 support to retest the recent lows. The cryptocurrency started this week 
by recovering from last week’s correction to its two-month low of $168, 
briefly attempting to reclaim the $210 resistance on Tuesday. However, the 
recent market volatility has seen the altcoin lose the $200 level again and 
retest a crucial support area that could determine SOL’s next move. Amid this 
performance, analyst Crypto Bullet shared a bearish outlook for Solana, 
suggesting that a 75% crash from current prices might be coming. In Q2, the 
market watcher warned that the cryptocurrency’s bull market was “likely over,” 
highlighting its structure in the higher timeframe chart. Per the post, SOL 
“had a clear 5-wave Impulse to the upside that ended in January with $TRUMP 
coin blow off top,” when the altcoin hit its all-time high (ATH) of $293. 
Based on this, he forecasted that Solana would see an ABC corrective wave 
pattern in the coming months, with a potential bounce to the $240-$250 area 
for the B wave, before “the most painful wave down (C).” The analyst affirmed 
that the cryptocurrency has likely completed the B wave, although it could 
have a bounce to a new higher high before the breakdown. “The monthly candle 
still has 2 weeks to close green, but frankly speaking, Solana looks cooked 
(whether we get a higher high to trap more people or not),” he affirmed. 
Crypto Bullet cautioned SOL holders that if the C wave has started, they 
“should be prepared for some serious downside” in the mid-term toward the $40 
target. Can SOL Retest $210? Analyst Ted Pillows also cast a warning for 
investors, asserting that “Solana treasury companies are in free fall right 
now.” He suggested that the recent dump is partially driven by the halt in 
institutional bidding. “Until these companies show some recovery, I think 
Solana&#8217;s price recovery will be difficult,” the post read. Despite the bearish 
predictions, some market watchers consider that SOL’s bullish outlook is still 
in play. Man of Bitcoin highlighted that Solana’s price is potentially forming 
a 1-2 setup, which could send its price back to the $200-$210 area. To the 
analyst, as long as the price holds above the $170 support level, the bullish 
scenario could continue to play out. Meanwhile, Crypto Yapper noted that 
Solana is currently retesting a double support in the daily chart, which could 
set the stage for a 15%-20% bounce. Related Reading: Ethereum Ready For ‘Rapid 
Expansion’ As Price Holds $3,900 Support – 30% Rally Coming? Per the post, 
SOL’s price is retesting the lower boundary of a 2-month falling wedge 
formation and the crucial $170-$180 horizontal level, which has served as a 
major support and resistance level throughout the year. Holding these levels 
in the daily and weekly timeframe could spark a rebound and propel the price 
to retest the falling wedge’s upper boundary and the crucial horizontal 
resistance around the $210-220 mark, the analyst noted. As of this writing, 
SOL is trading at $182, a 12.6% decline in the daily timeframe. Featured Image 
from Unsplash.com, Chart from TradingView.com

Analyst Warns Solana Price Risks Major Breakdown, Should Investors Worry?

October seems on the verge of canceling Uptober as crypto prices retraced 
after a recent multi-billion-dollar liquidation. But even with that, analysts 
say steady ETF demand can still support a rebound. October started like a 
typical Uptober, with ETF inflows…

Crypto prices falling: Why “Uptober” is not going as expected?

DeFi Development Corp. has acquired 86,307 additional SOL at an average price 
of $110.91, increasing its total SOL holdings to more than 2.19 million. The 
company now holds roughly $426 million in SOL as it continues to execute its 
long-term staking and yield strategy. Fresh Acquisition Strengthens DeFi Dev 
Corp’s Solana Treasury DeFi Development Corp. […]

Cryptocurrency price in NZD