Nasdaq-listed DeFi Development Corp has launched a $200M at-the-market equity 
program, pledging to issue stock only when it boosts “SOL per share” and fuels 
its Solana reserve strategy. DeFi Development Corp, a Nasdaq-listed digital 
asset treasury company focused on Solana…

DeFi Development launches $200M ATM to keep buying Solana

The latest Bitcoin move has brought bulls back into control of the short-term 
chart, but the setup is not as straightforward as a clean breakout into higher 
prices. The 4-hour structure shows momentum building, trendline support 
holding, and buyers pushing through to higher highs. However, the path to a 
much larger expansion still appears to have one unfinished step. The technical 
chart implies Bitcoin may need to revisit an important area before the next 
major move to at least $97,000 can develop properly. Bitcoin Breakout Leaves 
One Important Level Behind Technical analysis of Bitcoin&#8217;s price action on the 
4-hour candlestick chart posted on the TradingView platform shows the leading 
cryptocurrency is already doing the difficult part of the setup. Related 
Reading: If You Hold XRP, Then You Should Be Paying Attention To These Major 
Developments Bitcoin&#8217;s price action has moved above the long descending 
resistance line that had stopped previous rallies, turning the broader 4-hour 
structure more bullish. The breakout also came while Bitcoin continued to 
respect the rising support trendline that has guided the recovery since late 
February to April. However, breakouts without retests are incomplete. The 
4-hour chart also shows that the Bitcoin price has moved ahead of the 
strongest demand zone, leaving behind the $71,900 to $72,000 region as the 
area bears may still want to retest. Bitcoin Price Chart. Source: TradingView 
The Expansion Phase And What It Requires The most important part of the setup 
is the support region around $71,900 to $72,000. However, a retest of this 
range would not be a sign of weakness. It would be the price action doing 
precisely what it is supposed to do: return to a level of proven demand and 
absorb remaining sell orders, create a strong buying opportunity, and 
establish a foundation solid enough to support an expansion to new yearly 
highs. Speaking of a run to new yearly highs, the price target proposed by 
this analysis is a rally to at least $97,400. This means the bullish setup has 
some room to breathe, but not unlimited room. Related Reading: Here’s How The 
Ethereum Vs. Solana Rivalry Is Going There is an invalidation level sitting at 
$67,500. A breakdown below $67,500 would weaken the argument that Bitcoin is 
only retesting before expansion. Instead, it would mean that the breakout has 
failed and that sellers have regained control of the short-term structure. The 
broader market backdrop is helping the bullish case. Bitcoin’s rebound has 
coincided with heavy demand through US Spot Bitcoin ETFs, which witnessed $630 
million in inflows on May 1. Bitcoin briefly broke above $80,000 over the 
weekend, but the move failed to hold as the price reversed before the daily 
close. A daily close above $80,000 could serve as the first signal of a 
broader bullish expansion. BTC 200 Day Moving Average The next major 
confirmation would be a daily close above the 200-day moving average, which is 
currently at $83,600. Bitcoin has not closed above this moving average since 
October 2025, making it an important level for bulls to reclaim. Featured 
image created with Dall.E, chart from Tradingview.com

Bitcoin Price Expansion To $97,000 Is Only Being Blocked By One Pesky Retest

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DeFi Development launches $200M ATM to keep buying Solana

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