Solana futures funding turned negative as demand for SOL and its associated 
decentralized exchanges fell. Will traders buy the dip or is $78 next?

Solana futures funding turned negative as demand for SOL and its associated decentralized exchanges fell. Will traders buy the dip or is $78 next?

Solana futures funding rate turns negative: Is $78 SOL next?

The crypto ETFs were intended to be part of Trump Media &amp; Technology Group’s 
broader crypto strategy, which included the launch of the Truth.fi financial 
platform.

The crypto ETFs were intended to be part of Trump Media &amp; Technology Group’s broader crypto strategy, which included the launch of the Truth.fi financial platform.

Trump-backed Truth Social pulls bids for crypto ETFs

Ethereum price started a recovery wave above the $2,100 zone. ETH is now 
consolidating and might struggle to continue higher above the $2,150 
resistance. Ethereum started a recovery wave from the $2,075 zone. The price 
is trading below $2,120 and the 100-hourly Simple Moving Average. There is a 
bearish trend line forming with resistance at $2,120 on the hourly chart of 
ETH/USD (data feed via Kraken). The pair could start a fresh decline if it 
stays below the $2,150 zone. Ethereum Price Faces Hurdles Ethereum price 
remained bid above the $2,050 support zone, like Bitcoin. ETH price formed a 
base and started a recovery wave above the $2,065 resistance. The price 
surpassed the 38.2% Fib retracement level of the downward move from the $2,197 
swing high to the $2,075 swing low. The bulls even pushed the price toward 
$2,150 but the bears remained active. Besides, there is a bearish trend line 
forming with resistance at $2,120 on the hourly chart of ETH/USD. Ethereum 
price is now trading below $2,120 and the 100-hourly Simple Moving Average. If 
the bulls remain in action above $2,075, the price could attempt another 
increase. Immediate resistance is seen near the $2,120 level. The first key 
resistance is near the $2,150 level or the 61.8% Fib retracement level of the 
downward move from the $2,197 swing high to the $2,075 swing low. The next 
major resistance is near the $2,200 level. A clear move above the $2,200 
resistance might send the price toward the $2,220 resistance. An upside break 
above the $2,220 region might call for more gains in the coming days. In the 
stated case, Ether could rise toward the $2,300 resistance zone or even $2,315 
in the near term. More Losses In ETH? If Ethereum fails to clear the $2,150 
resistance, it could start a fresh decline. Initial support on the downside is 
near the $2,085 level. The first major support sits near the $2,075 zone. A 
clear move below the $2,075 support might push the price toward the $2,020 
support. Any more losses might send the price toward the $2,000 region. The 
main support could be $1,940. 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 – $2,050 Major 
Resistance Level – $2,150

Ethereum price started a recovery wave above the $2,100 zone. ETH is now consolidating and might struggle to continue higher above the $2,150 resistance. Ethereum started a recovery wave from the $2,075 zone. The price is trading below $2,120 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at &#8230;

Ethereum Price Bounce Looks Fragile, Another Selloff May Be Brewing

Coinbase said blockchain intelligence helped United Kingdom investigators 
secure five convictions after monitoring systems flagged a customer under 
duress during a robbery. Investigators traced crypto and additional fiat funds 
across accounts. Blockchain Evidence Connects Robbery to Five Convictions 
Crypto exchange Coinbase (Nasdaq: COIN) revealed its assistance in a U.K. 
criminal investigation in a blog post […]

Coinbase said blockchain intelligence helped United Kingdom investigators secure five convictions after monitoring systems flagged a customer under duress during a robbery. Investigators traced crypto and additional fiat funds across accounts. Blockchain Evidence Connects Robbery to Five Convictions Crypto exchange Coinbase (Nasdaq: COIN) revealed its assistance in a U.K. criminal investigation in a blog post &#8230;

Coinbase Helps Solve Kidnapping Case After Customer Is Forced to Transfer Crypto

Bitcoin price started a fresh decline below the $76,800 zone. BTC is 
consolidating and might struggle to stay above the $76,000 support. Bitcoin 
failed to stay above $77,000 and extended losses. The price is trading below 
$77,200 and the 100 hourly simple moving average. There is a bearish trend 
line forming with resistance at $77,200 on the hourly chart of the BTC/USD 
pair (data feed from Kraken). The pair might extend losses if it stays below 
the $77,200 and $77,500 levels. Bitcoin Price Consolidates Losses Bitcoin 
price failed to stay above the $77,200 support zone. BTC remained in a bearish 
zone and extended losses below the $76,800 level. There was a move below the 
$76,500 level. The price even dipped below $76,200. A low was formed at 
$76,020 and the price is now consolidating losses. It is still struggling 
below the 23.6% Fib retracement level of the downward move from the $82,018 
swing high to the $76,020 low. Bitcoin is now trading below $76,800 and the 
100 hourly simple moving average. If the price remains stable above $76,000, 
it could attempt a fresh increase. Immediate resistance is near the $77,200 
level. There is also a bearish trend line forming with resistance at $77,200 
on the hourly chart of the BTC/USD pair. The first key resistance is near the 
$77,450 level. A close above the $77,450 resistance might send the price 
further higher. In the stated case, the price could rise and test the $79,000 
resistance or the 50% Fib retracement level of the downward move from the 
$82,018 swing high to the $76,020 low. Any more gains might send the price 
toward the $80,000 level. The next barrier for the bulls could be $82,000. 
Another Decline In BTC? If Bitcoin fails to rise above the $77,450 resistance 
zone, it could start another decline. Immediate support is near the $76,400 
level. The first major support is near the $76,000 level. The next support is 
now near the $75,000 zone. Any more losses might send the price toward the 
$74,200 support in the near term. The main support now sits at $74,000, below 
which BTC might struggle to recover in the near term. Technical indicators: 
Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI 
(Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. 
Major Support Levels – $76,000, followed by $75,000. Major Resistance Levels – 
$77,200 and $77,450.

Bitcoin price started a fresh decline below the $76,800 zone. BTC is consolidating and might struggle to stay above the $76,000 support. Bitcoin failed to stay above $77,000 and extended losses. The price is trading below $77,200 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $77,200 &#8230;

Bitcoin Price Stabilizes Above $76K, Traders Await Next Major Move

Bitcoin (BTC) has slipped after failing to clear a major ceiling around the 
$83,000 area, with the flagship cryptocurrency down nearly 5% over the past 
week. As of Tuesday evening, BTC was changing hands at roughly $76,750. Even 
with the pullback, market analyst Ali Martinez believes the current price 
action still leaves room for a rebound toward $94,850. Bitcoin Could Drop 
Toward $54,270 In a Tuesday social media post on X (previously Twitter), 
Martinez pointed to Bitcoin’s Market Value to Realized Value (MVRV) pricing 
bands, saying a move to $94,850 would represent about a 23.5% increase from 
current levels. However, he cautioned that this upside path depends on Bitcoin 
holding above a specific support level at $72,960. In his view, losing that 
threshold would shift the outlook and open the door to a deeper drawdown. 
Related Reading: Zcash, Bitcoin, And Solana—Catalysts Ahead That Could Fuel 
Another Upswing Before May Ends If $72,960 is broken, Martinez warned that BTC 
could be pulled toward the realized price near $54,270. That scenario would 
imply an additional 29% retracement from present prices. With that in mind, 
the analyst framed the $72,960 level as a key line in the sand for determining 
whether Bitcoin’s consolidation turns into the next leg up or extends into a 
more pronounced correction. Adding to the bullish outlook, Martinez also said 
derivatives traders are positioning as if another advance is likely. He noted 
that Bitcoin funding rates have climbed to 0.4%, the highest level seen in 
more than two months. Key Support And Resistance Walls To Watch When Bitcoin 
funding rates rise to that extent, it typically signals that the derivatives 
market is being driven by aggressive long positioning, with market 
participants paying a premium to keep long exposure. According to Martinez, 
this kind of demand can sometimes lead to quick liquidations if the market 
snaps downward and forces late buyers out, but it also reflects a broader bias 
that remains tilted toward expansion. Related Reading: Goldman Sachs 
Rebalances Crypto Exposure: XRP, SOL Out, ETH Down 70%, Hyperliquid In In 
another social media post issued on Monday, the analyst also highlighted 
additional levels to watch ahead tied to the cryptocurrency’s UTXO Realized 
Price Distribution (URPD) indicator. Martinez identified new resistance levels 
at $78,258 and $84,569. On the support side, he pointed to $75,733 and 
$66,898. Together with the earlier $72,960 support marker, these zones form 
the set of key reference points Martinez said could shape whether Bitcoin 
pushes higher toward $94,850 or slides toward the realized price area. 
Featured image created with OpenArt, chart from TradingView.com

Bitcoin (BTC) has slipped after failing to clear a major ceiling around the $83,000 area, with the flagship cryptocurrency down nearly 5% over the past week. As of Tuesday evening, BTC was changing hands at roughly $76,750. Even with the pullback, market analyst Ali Martinez believes the current price action still leaves room for a &#8230;

Solana futures funding rate turns negative: Is $78 SOL next?

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