21Shares has launched a new exchange-traded product offering investors regulated exposure to the Cronos blockchain and its native CRO token. The ETP is listed on Euronext Paris and Amsterdam under the ticker CRON. It carries a 2.5% management fee and…

21Shares launches ETP giving exposure to Crypto.com’s CRO

Cardano (ADA) is trading at a critical juncture after several days of sideways 
consolidation around the $0.70 level. While bulls have attempted to defend 
this zone, upward momentum has faded, and selling pressure is beginning to 
mount. The market appears hesitant, with traders uncertain about the next 
directional move amid growing volatility across the crypto space. Related 
Reading: Ethereum Breaks Massive Downtrend Price Structure – Momentum Shift? 
Crypto analyst Ali Martinez recently shared a technical analysis indicating 
that Cardano has been rejected at the top of its descending channel. This key 
resistance trendline has capped multiple rally attempts in recent months. This 
rejection suggests that ADA may be poised for another leg down, especially if 
broader market sentiment continues to weaken. If the current pressure persists 
and bulls fail to reclaim higher levels, Cardano could be on track to retest 
lower support zones. With momentum fading and technical rejection in play, the 
coming days could determine whether Cardano stabilizes or faces deeper 
downside in the short term. Traders and investors are advised to watch closely 
as ADA teeters on the edge of a potential breakdown. Cardano Faces Pullback 
After Rallying 40% From April Lows Cardano is trading at its lowest level in 
two weeks, following a failed attempt to reclaim higher supply zones near the 
top of its descending channel. After gaining over 40% from its early April 
lows, ADA showed strong signs of a potential trend reversal. However, recent 
price action has stalled, and the altcoin now finds itself under renewed 
selling pressure as broader market uncertainty weighs on momentum. Martinez 
highlighted that Cardano was recently rejected at the upper boundary of its 
descending channel—a technical level that has acted as resistance for months. 
This rejection has opened the door to a possible move lower, with downside 
targets at $0.63 and $0.54 if bearish pressure continues to mount. These 
levels coincide with previous demand zones and could serve as critical support 
for a potential rebound. Despite the short-term weakness, Cardano’s longer- 
term setup still holds promise. The sharp recovery in April demonstrated 
strong interest from buyers, and if ADA can reclaim resistance near 
$0.75–$0.80, the rally could quickly regain traction. Until then, the market 
remains in a wait-and-see mode. Meanwhile, macroeconomic tensions—from global 
trade disputes to uncertainty over US monetary policy—continue to drive 
volatility across financial markets. The entire crypto sector is currently 
ranging below key resistance levels, and Cardano is no exception. For now, ADA 
traders are watching closely to see whether the current pullback leads to 
deeper losses or offers a new entry point ahead of the next leg up. The next 
few days will be pivotal in defining the direction of Cardano’s price action. 
Related Reading: Avalanche Bounces Off Key Price Level: Top Indicator Flashes 
A Buy Signal ADA Price Analysis: Testing Crucial Demand Cardano is currently 
trading at $0.6563, marking its lowest level in two weeks and signaling 
growing bearish momentum. After consolidating near $0.70, the price failed to 
reclaim the 200-day EMA at $0.7101 and remains well below the 200-day SMA at 
$0.7797. This rejection from both long-term moving averages reflects weak 
bullish conviction and confirms that ADA is still trading within a broader 
downtrend. Volume has remained relatively flat during the recent dip, 
suggesting a lack of strong buyer support at current levels. The price 
structure also shows ADA struggling to establish higher lows, which raises the 
risk of a deeper retracement. If selling pressure continues, ADA could move 
toward the next key support around $0.63. A breakdown below that level could 
expose the market to further downside toward $0.54, aligning with the lower 
boundary of the descending channel identified by analysts like Ali Martinez. 
Related Reading: Ethereum Tests Critical Range: Breakout Or Breakdown? To 
regain bullish momentum, Cardano must break back above $0.70 and hold it as 
support. Until that happens, the bias remains to the downside. For now, 
traders should closely monitor volume shifts and broader market sentiment, as 
ADA teeters on the edge of a potential breakdown within its long-term bearish 
structure. Featured image from Dall-E, chart from TradingView

Cardano Struggles At Resistance – Expert Sees A Retest of Lower Support Levels

The cryptocurrency has been gradually gaining market share over altcoins with 
bitcoin dominance now at its highest level in more than four years. BTC Price 
Steady at $94K but Market Dominance Climbs Over 65% Bitcoin ( BTC) now 
accounts for more than 65% of the entire $2.93 trillion crypto market, the 
highest level of bitcoin […]

Bitcoin Dominance Breaks 65% Barrier as Price Holds Firm at $94K

Cardano is gradually approaching a major support zone near $0.62, with several 
technical indicators aligning for a potential bounce. However, a lack of 
trading volume leaves bulls awaiting stronger confirmation. Cardano’s (ADA) 
has been in a slow decline over the…

Cardano nears $0.62 support: will oversold RSI spark a reversal?

**Key takeaways:**
 * Solana&#8217;s stablecoin supply rose by 156% in 2025, to hit a new record at $12 billion.
 * Solana&#8217;s TVL grew by 25% to $7.65 billion, with 27.7% decentralized exchange volume share, leading Ethereum and BNB Chain.
 * SOL price formed a bull flag, with a price target at $220.
Solana&#8217;s native token, SOL (SOL) failed to maintain its bullish momentum after 
reaching $156 on April 25, but an assortment of data points suggests that the 
altcoin&#8217;s upside is not over.
## SOL stablecoin market cap hits $13 billion
Solana&#8217;s stablecoin supply has skyrocketed by 156% in 2025, surging past $13 
billion to hit a new all-time high.
&gt; Stablecoins on Solana recently surged past $13B in issuance, setting a new 
&gt; ATH@calilyliu on why Solana is purpose-built for moving digital dollars at 
&gt; internet speed pic.twitter.com/WYPPg0LEG6 
&gt; 
&gt; &#8212; Solana (@solana) May 5, 2025
Circle&#8217;s USDC (USDC) remains the stablecoin of choice for Solana users, with a 
77% market share.
_Solana stablecoin supply surpasses $103 billion, setting a new all-time high. 
Source: DefiLlama_
Stablecoins are integral to Solana&#8217;s decentralized finance (DeFi) ecosystem, 
driving liquidity and increasing SOL demand as it&#8217;s used for transaction fees 
and staking, potentially pushing its price upward.
Increased stablecoin inflows historically correlate with price rallies, as 
seen between December 2023 and August 2024, when a 230% rally in SOL price was 
accompanied by a 160% increase in stablecoin inflows from $1.55 billion to 
$4.06 billion.
## Solana TVL and transaction count on the rise
Solana remains the second-largest blockchain in terms of total value locked 
(TVL) and ranks first in DEX volumes.
Solana&#8217;s TVL has risen from $6.1 billion on April 9 to $7.65 billion on May 6, 
an increase of over 25% in almost 30 days.
_Solana TVL and transaction count. Source:__DefiLlama_
Positive signs include a 44% increase in deposits on Sanctum, a liquid staking 
application, and 25% growth on Jito and Kamino.
Solana&#8217;s daily transaction count has also increased by 25% over the last month 
to 57.77 million transactions. 
While Ethereum and BNB Chain provide competition in terms of onchain volumes, 
the Solana network is the undisputed leader with daily DEX volumes standing at 
$2.61 billion at the time of writing. Solana also commands a 27.7% DEX volume 
market share, ahead of BNB Chains and Ethereum&#8217;s 18%.
_Blockchains&#8217; DEX volume dominance. Source: DefiLlama_
## SOL bull flag points to $220
SOL price has formed a bull flag chart pattern in the daily timeframe, as 
shown in the chart below. 
A bull flag pattern is a bullish setup that forms after the price consolidates 
inside a down-sloping range following a sharp price rise.
_SOL/USD daily chart. Source: Cointelegraph/__TradingView_
Bull flags typically resolve after the price breaks above the upper trendline 
and rises by as much as the previous uptrend&#8217;s height. This puts the upper 
target for SOL price at $220, up 53% from the current price.
Crypto analyst RisHad said that SOL price needs to hold the $120 &#8211; $130 
support to increase the chances of moving toward $178 and beyond.
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

Solana bull flag, rising stablecoin market cap hint at SOL price rally to $220

KULR Technology Group has deepened its Bitcoin commitment, purchasing 42 
additional BTC and bringing its total holdings to 716.2 BTC, the company 
announced. The energy storage and management firm said it has spent 
approximately $69 million acquiring Bitcoin (BTC) at…