Solana (SOL) price is down 7% since May 23 after falling from a weekly high of $186 to trade at $172 at press time as bulls face resistance at $174. Despite bearish headwinds, Solana’s open interest continues to rise and currently sits at a four-month high. As futures positions surge, can Solana price break out above resistance, or will the decline continue? Solana Price Targets $180 Amid Headwinds SOL value today is bearish as bulls face headwinds in attempting to break SOL price past the key resistance level of $180. The RSI on the daily price chart shows that the momentum is currently bearish. Besides having a reading of 46, the RSI has flattened, an indication that traders are not willing to accumulate at the current price. The DMI indicator shows a similar bearish outlook as the -DI line (blue) oscillates below the +DI line, a sign that sellers are… Read More at Coingape.com
The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) might finally be nearing its conclusion — but is it really wrapping up this Thursday? Let’s break down the facts behind the speculation and what’s actually happening.
The Viral Tweet — Outdated and Misleading
A tweet from Eleanor Terrett has been making the rounds again, suggesting that the SEC would likely address the Ripple case dismissal at a closed-door meeting scheduled for a Thursday. However, what many people may not realize is that tweet is from March. The date isn’t new, and it was relevant to the SEC’s internal scheduling at that time.
What’s Actually Happening with the Ripple vs SEC Case?
To recap, Ripple and the SEC reached a partial resolution some time ago, with Ripple agreeing to a civil penalty for earlier institutional sales of XRP, while the court ruled that XRP is not a security on secondary markets. However, the final paperwork, formal withdrawal, and an official SEC statement remain pending.
Stuart Alderoty, Ripple’s Chief Legal Officer, recently reiterated that the case is effectively over, pending final formalities. But there’s still no official sign-off from the SEC Commission.
Why This Matters for XRP and Crypto Markets
Many analysts believe that once the final paperwork drops and legal clarity is fully established for Ripple, it could bring new institutional adoption opportunities and potentially fuel XRP’s price rally. Some even speculate that XRP ETFs could be on the horizon.
But until the SEC officially publishes the dismissal, it’s premature to declare victory.
Verdict: False Alarm for Now
The claim that Ripple vs SEC will end this Thursday is based on an old tweet and ongoing speculation. As of now, there’s no confirmed date for the final case dismissal announcement.
The post Fact Check: Will Ripple Vs SEC End on Thursday? appeared first on Coinpedia Fintech News
The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) might finally be nearing its conclusion — but is it really wrapping up this Thursday? Let’s break down the facts behind the speculation and what’s actually happening. The Viral Tweet — Outdated and Misleading A tweet from Eleanor Terrett has been …
Cardano price faces a 25% crash after failing to cross an important resistance level. ADA also faces intense pressure as the development activity on the chain drops, funding rate turns negative, and its stablecoin market cap drops.
ADA price today trades at $0.65, its lowest level since April 2022, and 50% below its highest level in December.
Cardano Price Pressured as Development Activity Drops
One reason why Cardano price may crash by 25% is the continued decline in developer activity. According to Santiment, the number of commits submitted to GitHub has been in a strong downward trend since January 23, when they peaked at 92, and have now fallen to 48.
Falling developer activity in a blockchain is a red flag as it signals ecosystem stagnation. Indeed, separate data show that the total value locked in the Cardano network has stalled below $500 million throughout the year. In contrast, newly launched chains like Sonic and Base have accumulated over $1 billion in assets.
Negative Funding Rate Could Hit the ADA Price
Further, Cardano price may retreat because of its negative funding rate in the futures market. Santment data above shows that the funding rate has remained in the negative zone since May 3.
A negative funding rate signals that short-sellers are paying bulls, where the perpetual contract price is below the spot price. Therefore, ADA price will likely remain on edge as long as this finding rate is negative.
Cardano Development and Funding rates
Falling Stablecoin Market Cap on Cardano
Stablecoins are the currencies used in a blockchain network. As a result, a higher market cap is a positive sign because it shows that a chain is active. It also helps it generate more revenue, especially when the amount of stablecoins transacted daily is rising.
A good example of this is Tron, a network that handles over $50 billion a day in USDT transactions. This growth has transformed it into the most profitable chain in the crypto industry, making over $1 billion in fees this year.
DeFi Llama data shows that Cardano has only $30 million in stablecoins, which dropped from $31.2 million on May 1. Continued deterioration in this metric may lead to weak sentiment, affecting the ADA price.
Cardano Stablecoins
Cardano Price Technical Analysis Points to a 25% Drop
The daily chart shows that the ADA price attempted to bounce back but faced substantial resistance at $0.746. This was notable since it coincided with the upper side of the descending channel, and the 100-day Exponential Moving Average (EMA).
The bars of the Awesome Oscillator have turned red and are pointing downwards, which is another red flag for the coin. It has also moved below the 61.8% Fibonacci Retracement level, which is seen as the golden ratio, where reversals happen.
Therefore, a sustained downtrend will lead to more downside, potentially to the psychological point at $0.50, the lowest point in April. This ADA price forecast is about 25% below the current level.
Cardano Price Chart
The bearish Cardano price outlook will become invalid if it rises above the resistance level at $0.746, its highest level on April 24.
Pi Coin price has dropped by 26% in the last month, with this downtrend mirroring the performance of most newly-launched altcoins. However, if the trend reverses today, and PI records a steady increase in retail interest that sparks a 10% growth every month, how long would it take for the token to reach $5? Let’s find out.
Pi Coin price trades at $0.64 today, April 27, with a slight 1.2% decline in 24 hours, while trading volumes have plunged by 19% to $61M per data from CoinMarketCap.
When Will Pi Coin Price Reach $5 With a 10% Monthly Surge?
If Pi Coin price increases by a steady rate of 10% each month starting from today, it would reach $0.71 in the next 30 days. By the end of the year, this altcoin will have surged to $1.39. However, to achieve the $5 price target, it would take Pi Network 22 months or nearly two years. This means that $5 is attainable by February 2027.
Pi Coin Growth
While this target is realistic and achievable, growing by a consistent rate of 10% each month is a long shot, considering that crypto assets are highly volatile. However, a rally to $5 is likely to happen as the project is surrounded by a wide range of catalysts that support a bullish Pi Network price forecast.
The first catalyst is exchange listings. As Coingape recently reported, the Pi Network community was recently excited by rumors that HTX will list Pi Coin. This listing might kickstart a flurry of new exchange listings from giants such as Binance and Coinbase, which will bolster demand for the token and spark gains to record highs.
Additionally, Pi Network is one of the sponsors for Consensus 2025, an event that will attract top institutions, including BlackRock. This kind of exposure is also bullish for PI and might kickstart a strong uptrend towards $5.
Pi Coin Technical Analysis as Wedge Pattern Hints at Breakout
Pi Coin price is on the verge of overcoming resistance from a falling wedge pattern on the hourly chart. If this breakout occurs and PI breaks out of this pattern, the closest resistance level stands at $0.706, with a decisive close above it set to kickstart gains towards $0.706, at which point PI will have made a 10% move.
Meanwhile, the Chaikin Money Flow is rising albeit remaining negative, suggesting that the bearish momentum is weakening. This supports the likelihood of a bullish breakout happening soon. However, traders should keep an eye on the RSI line that is forming a bearish divergence and tipping south, an indication that any looming uptrend for Pi Coin will be weak due to a lack of strong buying activity.
PI/USDT: 1-hour Chart
While this hourly price chart is showing mixed sentiments towards Pi Coin price, suggesting that volatile moves are still at play, PI can still attain $5 in the next two years. This target is achievable considering the potential exchange listings and adoption. However, gaining by 10% each month remains a long shot due to the unpredictable nature of new tokens.
