Solana has made history by posting an unprecedented streak of monthly losses, 
placing the cryptocurrency at a critical crossroads. While the trend remains 
bearish, similar conditions in previous cycles have preceded major recoveries. 
Solana Records An Unprecedented Eight Consecutive Red Months In a recent 
market analysis, Crypto Patel highlighted a remarkable development in Solana&#8217;s 
price history. SOL has now posted eight consecutive red monthly candles, 
marking the first time such a streak has occurred since the cryptocurrency was 
launched. This rare event could provide valuable clues about where the market 
stands within its broader cycle. Related Reading: Solana Clings To Critical 
Multi-Year Support As Breakout Pressure Builds Drawing comparisons to the 
previous bear market, the analyst recalled Solana&#8217;s dramatic decline from its 
2021 all-time high near $260 to a low of approximately $8. During the 
downturn, SOL produced 9 monthly red candles in total, but they were not 
consecutive. Notably, the 9th red candle marked the cycle bottom, after which 
SOL embarked on a powerful recovery that ultimately pushed the asset to a new 
all-time high around $295. Patel pointed out that the current setup shares 
some similarities with that of the earlier period, but with notable 
differences. Solana has already fallen from roughly $253 to $67 while 
recording 8 straight months of losses, with the 9th monthly candle currently 
taking shape. While cautioning that it is still too early to draw firm 
conclusions, the analyst suggested that a repeat of the previous cycle&#8217;s 
behavior could signal the emergence of a macro accumulation zone at the 
$50–$80 range. A repetition of this pattern raises the possibility of SOL 
surging to higher levels between $500 and $1,000 during the next major market 
expansion. Ending Diagonal Pattern Hints At A Potential Trend Reversal On the 
4-hour timeframe, Elliott Waves Academy has identified that Solana is 
currently forming an ending diagonal pattern. This structure represents the 
wave 5 of a bearish impulse, which is nested within a larger-degree impulse 
sequence, suggesting the asset is nearing the conclusion of its immediate 
downward trajectory. Related Reading: Solana Price Structure Suggests 
Temporary Recovery Before Next Major Decision The recovery outlook will be 
confirmed once this pattern is finalized, specifically through a clean 
breakout of a key level and the upper boundary of the pattern. Once 
established, this confirms the beginning of an upward corrective wave. Based 
on the length of the preceding wave, the price is ideally projected to target 
the ratios outlined on the chart as it attempts to stabilize. While the 
initial targets are clear, the upward movement is likely to extend further 
depending on evolving market developments. If the price breaks decisively 
above the wave peak, it would significantly strengthen the bullish scenario, 
paving the way for a more substantial recovery. Other technical factors 
bolstering this bullish outlook are a clear five-wave impulse structure 
representing wave (1)/(A), alongside a strong reversal pattern forming near 
the diagonal’s lower boundary. Furthermore, the internal corrective movements 
observed are consistent with the formation of the expected diagonal. Featured 
image from Pixel Plex, chart from Tradingview.com

Solana has made history by posting an unprecedented streak of monthly losses, placing the cryptocurrency at a critical crossroads. While the trend remains bearish, similar conditions in previous cycles have preceded major recoveries. Solana Records An Unprecedented Eight Consecutive Red Months In a recent market analysis, Crypto Patel highlighted a remarkable development in Solana&#8217;s price &#8230;

Solana Just Made History, Could A Massive Recovery Be Next?

XRP price extended losses and traded below $1.220. The price is now 
consolidating losses and faces hurdles near $1.2350 and $1.250. XRP price 
started another decline and traded below the $1.250 zone. The price is now 
trading below $1.2350 and the 100-hourly Simple Moving Average. There is a 
bearish trend line forming with resistance at $1.2850 on the hourly chart of 
the XRP/USD pair (data source from Kraken). The pair could continue to move 
down if it stays below $1.250. XRP Price Dips Below $1.250 XRP price failed to 
stay above $1.30 and extended its decline, like Bitcoin and Ethereum. The 
price declined below $1.2850 and $1.2650 to enter a short-term bearish zone. 
The price even extended losses below $1.220. A low was formed at $1.1924, and 
the price is now consolidating losses well below the 23.6% Fib retracement 
level of the downward move from the $1.3640 swing high to the $1.1924 low. The 
price is now trading below $1.2320 and the 100-hourly Simple Moving Average. 
If there is a fresh recovery move, the price might face resistance near the 
$1.2330 level. The first major resistance is near the $1.2580 level. The main 
resistance could be $1.2780 or the 50% Fib retracement level of the downward 
move from the $1.3640 swing high to the $1.1924 low. A close above $1.2780 
could send the price to $1.2850. The next hurdle sits at $1.2880. There is 
also a bearish trend line forming with resistance at $1.2850 on the hourly 
chart of the XRP/USD pair. A clear move above the $1.2880 resistance might 
send the price toward the $1.30 resistance. Any more gains might send the 
price toward the $1.3250 resistance. More Losses? If XRP fails to clear the 
$1.2580 resistance zone, it could start a fresh decline. Initial support on 
the downside is near the $1.2050 level. The next major support is near the 
$1.20 level. If there is a downside break and a close below the $1.20 level, 
the price might continue to decline toward $1.1920. The next major support 
sits near the $1.1880 zone, below which the price could continue lower toward 
$1.1840. Technical Indicators Hourly MACD – The MACD for XRP/USD is now 
gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The 
RSI for XRP/USD is now below the 50 level. Major Support Levels – $1.1920 and 
$1.1840. Major Resistance Levels – $1.2350 and $1.2580.

XRP price extended losses and traded below $1.220. The price is now consolidating losses and faces hurdles near $1.2350 and $1.250. XRP price started another decline and traded below the $1.250 zone. The price is now trading below $1.2350 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at &#8230;

XRP Price Tumbles Under $1.22 As Market Sentiment Turns Sour

Gold overtook U.S. Treasuries in global official reserves by market value, the 
ECB said. The move reflected a 60% gold rally and rising demand for reserve 
diversification. Gold’s Rise Puts New Pressure on Dollar-Based Reserve Markets 
The European Central Bank (ECB) said in its report published June 2, 2026, 
“The international role of the euro,” […]

Gold overtook U.S. Treasuries in global official reserves by market value, the ECB said. The move reflected a 60% gold rally and rising demand for reserve diversification. Gold’s Rise Puts New Pressure on Dollar-Based Reserve Markets The European Central Bank (ECB) said in its report published June 2, 2026, “The international role of the euro,” &#8230;

Gold Overtakes US Treasuries as Top Reserve Asset: ECB Data

Despite the planned wind-down, TapTools says it is open to being acquired or 
taking on external resources to continue maintaining the platform.

Despite the planned wind-down, TapTools says it is open to being acquired or taking on external resources to continue maintaining the platform.

Cardano’s TapTools to wind down after 5 execs exit

Charles Schwab is preparing to push deeper into crypto by targeting a 2027 
rollout of spot trading, transfer, and custody capabilities for financial 
advisors on its custody platform. The move would bring direct digital asset 
access closer to one of the largest advisor ecosystems in US wealth 
management, extending Schwab’s crypto ambitions beyond its recently launched 
retail offering. Jalina Kerr, Managing Director of Schwab Advisor Services, 
said during a virtual media roundtable that the firm is aiming for a launch 
next year, according to Citywire. The timeline is not fixed, but Kerr 
indicated the project remains active and on schedule. Schwab is “on track” for 
next year, she said, adding that the rollout would “probably” come “more like 
the middle of the year.” Why This Is A Massive News For Crypto The planned 
product would give advisors access to spot crypto trading, transfer and 
custody tools through Schwab’s custody infrastructure. That is the key 
distinction. Schwab already moved into direct retail crypto trading this year, 
but an advisor-facing rollout would put crypto inside the workflows used by 
registered investment advisors overseeing client portfolios, rather than 
leaving those clients to manage exchange accounts separately or rely solely on 
exchange-traded crypto products. Related Reading: Coinbase To Bring Global 
Crypto Derivatives To US Institutions After CFTC Nod Schwab is a custody and 
brokerage giant. The company reported $12.61 trillion in total client assets 
as of April 30, 2026, along with 39.3 million active brokerage accounts. 
Within that, Schwab Advisor Services held roughly $5.31 trillion in client 
assets, underscoring the scale of the advisor channel that could eventually 
gain access to direct crypto tools. The advisor push follows Schwab’s April 
announcement of Schwab Crypto, a phased retail platform that began with spot 
Bitcoin and Ethereum trading. The retail offering lets eligible US clients 
trade BTC and ETH across Schwab.com, Schwab Mobile and thinkorswim, with a 75 
basis point fee on the dollar value of each crypto trade. Schwab has also said 
it plans to add more cryptocurrencies over time and later introduce deposit 
and withdrawal transfer capabilities. Related Reading: Samsung Just Bet $408 
Million On South Korea’s Top Crypto Exchange — And It’s Not Alone For now, the 
retail crypto account is offered by Charles Schwab Premier Bank, SSB, with 
Paxos providing sub-custody and trade execution services. Schwab’s disclosures 
also draw a clear line between crypto and traditional brokerage protections: 
crypto products are “not FDIC insured, not SIPC protected, not deposits, and 
may lose value.” Those details matter because they should not be automatically 
carried over to the advisor product. Schwab has confirmed the fee structure, 
custody setup and asset list for the retail launch, but it has not yet 
confirmed whether the 2027 advisor rollout will begin with only Bitcoin and 
Ethereum, whether pricing will match the retail 75 basis point fee, or whether 
Paxos will also support the advisor-side infrastructure. Notably, Schwab 
already gives investors access to crypto-linked products, including exchange- 
traded products tied to Bitcoin and Ethereum, crypto-related equities, 
futures, mutual funds, trusts and listed options on spot Bitcoin ETPs. But 
direct spot trading and custody would move Schwab closer to full-service 
crypto infrastructure for advisors, not just market access through securities 
wrappers. At press time, the total crypto market cap stood at $2.32 trillion. 
Featured image created with DALL.E, chart from TradingView.com

Charles Schwab is preparing to push deeper into crypto by targeting a 2027 rollout of spot trading, transfer, and custody capabilities for financial advisors on its custody platform. The move would bring direct digital asset access closer to one of the largest advisor ecosystems in US wealth management, extending Schwab’s crypto ambitions beyond its recently &#8230;

$12.6 Trillion Schwab Targets Mid-2027 Crypto Trading Rollout For Advisors

Strategy’s 32 BTC sale has turned a small transaction into a larger test for 
corporate bitcoin treasuries. The issue is no longer only whether public 
companies hold BTC. Investors are now watching how those companies meet cash 
obligations while trying to preserve exposure. Bitcoin Treasuries Face a New 
Borrow-or-Sell Test Strategy’s bitcoin sale drew attention […]

Strategy’s 32 BTC sale has turned a small transaction into a larger test for corporate bitcoin treasuries. The issue is no longer only whether public companies hold BTC. Investors are now watching how those companies meet cash obligations while trying to preserve exposure. Bitcoin Treasuries Face a New Borrow-or-Sell Test Strategy’s bitcoin sale drew attention &#8230;

Cryptocurrency price in PHP

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