$60M DOGE Moves from Coinbase to Unknown Wallet as Dogecoin Retests $0.19 Support

The post Solana Faces On-Chain Weakness After $150 Rejection: Is a Price Pullback Ahead? appeared first on Coinpedia Fintech News

The crypto market has become more unpredictable as investors wait for the Federal Reserve’s decision on interest rates. Recently, the price of SOL went up and got close to $150, but it couldn’t break through and was pushed back down. This caused a drop in some key on-chain metrics, as investors started diverting their investment. Experts believe that if the Fed lowers interest rates, it could help the market recover and reduce the current selling pressure for SOL.

Solana’s Network Activity Plunges Hard

Solana has been going through a period of high price swings in the last several hours. After failing to stay above the $150 mark, a large wave of liquidations took place, according to data from Coinglass. In the past 24 hours, over $7 million in Solana positions were wiped out. Of that, about $1.61 million came from buyers who were betting on prices going up (long positions), while sellers closed around $5.42 million worth of positions.

One reason Solana’s price is struggling to rise is the decline in network activity. Data from The Block shows that the number of active addresses on Solana has fallen sharply in recent weeks: from a high of 4.12 million to a low of 3.31 million. The number of new addresses has also taken a hit, dropping from 4.11 million to 3.2 million. This overall decline in usage is making it harder for Solana to break through its current price resistance.

Also read: Solana Price Prediction 2025, 2026 – 2030: SOL Price Targets $500 Next?

The market is now closely watching today’s U.S. Federal Reserve meeting, which could bring new volatility. While Donald Trump’s recent comments have sparked positive hope, the CME FedWatch Tool shows only a 2.3% chance of a rate cut happening today. Most experts expect the Fed to keep interest rates steady at 4.25% to 4.50%.

If the Fed cuts rates, Solana could jump above $150. If rates stay the same, SOL will likely keep moving sideways within its current trend.

What’s Next for SOL Price?  

Solana is currently getting support around the 20-day EMA, showing that buyers are stepping in during price dips. However, bears are strongly defending a push above the resistance of $150-$160. As of writing, SOL price trades at $145.8, surging over 1.4% in the last 24 hours.

Buyers are likely to try pushing the price above the $150 resistance again. If they succeed, SOL could climb to $180. This will create a broad trading range within $110 and $215.

On the other hand, if sellers manage to push the price below the 20-day EMA, SOL might drop toward the $133 level. In that case, the price could stay stuck between $105 and $150 for some time.

The long/short chart for Solana shows a noticeable drop in the ratio, now sitting at 0.5122. This means about 66% of traders are betting that SOL’s price will continue to fall.

The post Solana Faces On-Chain Weakness After $150 Rejection: Is a Price Pullback Ahead? appeared first on Coinpedia Fintech News
The crypto market has become more unpredictable as investors wait for the Federal Reserve’s decision on interest rates. Recently, the price of SOL went up and got close to $150, but it couldn’t break through and was pushed back down. This caused a drop in some key on-chain metrics, as investors started diverting their investment. …

The post Cardano Price News: Will ADA Cross $1 on SEC Verdict Day? ETF Approval Odds Now at 71% appeared first on Coinpedia Fintech News

Cardano has been trading in a tight range this week, but a breakout could follow soon. With the SEC’s big ETF decision set for tomorrow, traders are hopeful that this could spark a bullish move for ADA.

The odds of an ADA ETF approval have surged to 71% on Tuesday on Polymarket, the highest since April 20. This comes ahead of a key May 29 deadline for the SEC to decide on Grayscale’s proposed Cardano ETF. 

The SEC has up to 240 days to review Grayscale’s spot ADA ETF filing, with the final deadline set for October 22. According to the official acknowledgement on February 24, it can delay its decision multiple times. So, a delay could be more likely instead of rejection or approval.

ADA Holds Steady, ETF Optimism Peaks at 71%

In mid-April, the chances of approval before the end of 2025 were only 37% on Polymarket. But the odds now over 70% show that traders are optimistic even after the SEC delayed XRP ETFs recently. 

Eric Balchunas, ETF analyst at Bloomberg, says there’s a 75% chance the ETF will launch this year. He also thinks the SEC might approve several crypto ETFs as soon as this summer.

XRP, Solana (SOL), and Dogecoin (DOGE) are also in the ETF spotlight, with multiple spot filings in play. Polymarket shows strong odds for approvals before 2025 – 84% for XRP, 83% for SOL, and 67% for DOGE.

Cardano’s Ecosystem Trails

A key hurdle Cardano is facing is its ecosystem underperformance. The network currently supports only 48 DeFi apps, holds $443 million in total value locked, and has only $31 million in stablecoins. However, newer chains like Unichain and Sonic are outpacing Cardano by a wide margin.

Technicals Signal Bullish Setup for ADA

Cardano’s technicals are bullish as the weekly chart is flashing bullish signals. It continues to trade above the 100-week moving average, a key long-term support level. If the momentum holds, it could retest last year’s high of $1.207. If it breaks out above that level, then $2 may be next. It is currently trading at $0.7524. 

RSI is neutral at 51, but MACD and momentum indicators are slightly bearish, which shows short-term weakness. But long-term trends 30-, 50-, 100-, and 200-day EMAs remain bullish with strong long-term support.

The decision tomorrow could be a major catalyst for ADA’s next move. An approval from the SEC could open the door to institutional money and send ADA soaring past $0.84, kicking off a fresh rally.

The post Cardano Price News: Will ADA Cross $1 on SEC Verdict Day? ETF Approval Odds Now at 71% appeared first on Coinpedia Fintech News
Cardano has been trading in a tight range this week, but a breakout could follow soon. With the SEC’s big ETF decision set for tomorrow, traders are hopeful that this could spark a bullish move for ADA. The odds of an ADA ETF approval have surged to 71% on Tuesday on Polymarket, the highest since …

The post Florida Drops Bitcoin Reserve Plans appeared first on Coinpedia Fintech News

Florida’s proposed Bitcoin Reserve Bills, HB 487 and SB 550, have officially failed. The state legislature ended its 2025 session on May 2 without taking a vote on either measure. As a result, both bills were indefinitely postponed and withdrawn from further consideration. The proposals aimed to establish a Bitcoin reserve for the state, but they didn’t gain enough traction to move forward. With the session closed, any similar effort would need to be reintroduced in a future session.

The post Florida Drops Bitcoin Reserve Plans appeared first on Coinpedia Fintech News
Florida’s proposed Bitcoin Reserve Bills, HB 487 and SB 550, have officially failed. The state legislature ended its 2025 session on May 2 without taking a vote on either measure. As a result, both bills were indefinitely postponed and withdrawn from further consideration. The proposals aimed to establish a Bitcoin reserve for the state, but …