Author: Monicah W

Solana price has recently made efforts to recover the losses it experienced earlier this month. However, these attempts have been stalled by crucial holders choosing to sell, putting significant pressure on the price. 

Despite this, new investors remain bullish, hoping for further upside in the near term.

Solana Holders Are Selling

Last week, Solana’s long-term holders (LTHs) shifted from selling to accumulation, offering hope for a price recovery. Unfortunately, this shift was short-lived, as the HODLer net position change has since dropped back below the zero line.

This indicates that LTHs are back to selling, which could exert downward pressure on the price.

Given that LTHs control a large portion of the market’s supply, their selling activity significantly influences Solana’s price action.

This selling trend could lead to further declines, especially if the momentum continues in the coming days.

On a more positive note, Solana is experiencing a sharp uptick in new addresses, signaling growing interest in the altcoin. This trend highlights that, despite volatility, new investors are optimistic about Solana’s potential.

The increase in new addresses suggests that Solana is gaining traction, particularly among those looking to capitalize on potential price gains.

The influx of new investors indicates that there is still substantial confidence in Solana’s future. This optimism could play a critical role in helping the cryptocurrency weather its recent volatility. 

SOL Price May Suffer

At the time of writing, Solana is trading at $146, reflecting a 5.6% increase over the last 24 hours. The altcoin is currently facing resistance at $150, a crucial barrier for the price to surpass.

However, unless stronger bullish signals emerge, Solana may struggle to break through $150 before Q3 begins.

The altcoin could hover around the $144 mark or even dip to $136. This could result in a consolidation period as investors await clearer cues from the broader market.

On the other hand, if the broader market turns bullish, Solana’s price could surpass the $150 resistance level.

A break above this price, followed by flipping $152 into support, would invalidate the bearish outlook and signal a strong upward move for the altcoin. 

The post Solana Price’s Rise Past $150 Faces Challenges from Key Holder Selling appeared first on BeInCrypto.

Ethereum has seen some sideways movement this week, helping the altcoin break out of a nearly three-week-long downtrend. Despite facing bearish cues, including whale selling, Ethereum’s price has managed to hold steady. 

This stability is raising expectations of an upcoming breakout, potentially setting the stage for a rise.

Ethereum Whales Move To Sell

Whale addresses are exhibiting bearish sentiment at the moment, as several large holders have started to liquidate their positions.

In the last 48 hours, addresses holding between 1 million and 10 million ETH sold over 1.06 million ETH worth approximately $2.57 billion. 

Whale selling typically exerts downward pressure on the price, signaling potential bearishness. However, in this case, Ethereum’s price has continued to sustain itself, which indicates market resilience.

Looking at Ethereum’s macro momentum, the IOMAP (In/Out of the Money Around Price) chart reveals a significant demand zone for ETH. The zone holds 65.83 million ETH, valued at over $159 billion. 

These holdings were bought between the $2,349 and $2,421 range, establishing a strong support area.

The large number of investors who purchased ETH in this price range are unlikely to sell at break-even or loss, making it difficult for the price to fall below this key support.

This demand zone acts as a solid cushion for Ethereum’s price, protecting it from any sharp declines. The support from these investors provides a foundation for Ethereum’s price to remain stable despite the recent selling pressure.

As a result, the price is less likely to drop sharply below the $2,344 mark, which would otherwise signify a more significant bearish trend.

ETH Price Is Consolidating

Ethereum’s price is currently trading at $2,424, just under the critical resistance of $2,476.

While there has been no significant rise, the sideways movement has allowed ETH to break out of the three-week downtrend. This consolidation phase is setting the stage for potential upward momentum.

The factors discussed earlier indicate that Ethereum may continue to consolidate between $2,344 and $2,476 or potentially break through the resistance.

If Ethereum successfully flips $2,476 into support, a rise to $2,606 is likely. This would mark a significant breakout and could attract more buyers into the market.

On the other hand, if broader market conditions turn extremely bearish, similar to last week’s sentiment, Ethereum’s price could slip below $2,344 and fall to $2,205.

A drop below this support would invalidate the current bullish thesis, potentially signaling a further decline.

The post Ethereum Bears Sold $2.5 Billion: Will It Impact ETH Price? appeared first on BeInCrypto.

REX Shares appears to be on the brink of launching a staked Solana ETF after receiving a key response from the US Securities and Exchange Commission (SEC).

On June 27, the firm wrote the regulator to confirm whether it had resolved all concerns related to its proposed Solana and Ethereum staking ETFs.

SEC Clears Way for First Staked Solana ETF as REX Shares Readies Launch

The SEC responded without further comments, sparking optimism that a launch could be near.

Industry analysts believe this could allow REX Shares to launch the country’s first crypto ETF that tracks staking rewards on the Solana blockchain.

Bloomberg ETF expert Eric Balchunas indicated that the SEC’s lack of objections is significant. According to him, this means that the proposal will likely receive approval soon.

“Rex also filed an updated prospectus, which totally filled in. Add it all up and it appears as though all systems go for imminent launch. $SSK is the ticker,” Balchunas said.

Interestingly, REX Shares has begun marketing the product as the first-ever staked crypto ETF in the US. According to the firm, the product will track Solana’s performance while generating yield through on-chain staking.

Rex now putting out a “coming soon” tweet. No date but clearly they pushing fwd, assuming comments resolved ht @NateGeraci https://t.co/4NphZbtc55

— Eric Balchunas (@EricBalchunas) June 27, 2025

It should be noted that the SEC has yet to issue a formal approval for the product.

If approved, this would position the firm to be the first to offer a staking-based crypto ETF, ahead of competitors still pursuing spot Solana products.

Meanwhile, Nate Geraci, president of ETF Store, pointed out that such a move could serve as a catalyst for the industry. He noted that this may encourage other applicants to explore staked crypto offerings.

“Looks like they believe comments have been resolved…Crypto ETF summer commences,” he added.

This development follows the SEC’s notable regulatory progress last month. At the time, the agency stated that staking models alone do not automatically fall under securities laws.

It also clarified that extra features such as bundled services or early redemption options do not necessarily alter that status.

As a result, this guidance has encouraged several asset managers to revisit their ETF strategies.

Many have now submitted new proposals focused on income-generating digital assets.

The post SEC Moves Closer to Approving Staked Solana ETF appeared first on BeInCrypto.

PENGU has seen a sharp uptick in price, rising by 34% in the last 24 hours, reaching a multi-week high and nearing its May highs.

This surge is driven by a major development for Pudgy Penguins, sparking a bullish reaction from both holders and whales. The growing momentum is setting the stage for further growth.

Pudgy Penguins Whales Are Accumulating

Whales are actively accumulating PENGU to capitalize on its recent price rise. In just the last 24 hours, over 200 million PENGU, worth more than $2.4 million, were purchased by investors holding over $1 million worth of tokens. This significant accumulation is likely to help sustain the recent price rally.

With whales betting on further price growth, the buying pressure is expected to continue. As large holders accumulate PENGU, their actions help drive the market sentiment in a bullish direction, attracting smaller investors to follow suit.

This dynamic could play a crucial role in maintaining the meme coin’s upward momentum.

The overall macro momentum for PENGU shows strong bullish signals, with key technical indicators supporting the positive outlook.

The Relative Strength Index (RSI) is currently in the bullish zone, above the neutral mark, indicating a strong upward trend for the token. This is the highest level for the RSI in recent weeks, further confirming the altcoin’s bullish behavior.

The filing of the Canary PENGU ETF with the SEC has been a surprise for the community, adding significant weight to PENGU’s bullish outlook. The first-ever PENGU ETF and it could act as an additional catalyst for price movement. 

PENGU Price Aims Upwards

The PENGU price has risen nearly 30% in the past 24 hours, and the token is currently trading near $0.0134. The token is facing resistance around the $0.014 level.

This area previously acted as support before the sharp sell-off, and now it’s being tested from below, indicating potential resistance.

Suppose PENGU manages to break above the $0.01350 resistance with strong volume. In that case, the next key level to watch is around $0.01370–$0.01375, which is the next visible support-turned-resistance zone from earlier price consolidation.

A successful move through that range could open the path back toward $0.01400, where prior supply clusters exist.

Conversely, failure to sustain $0.01350 could result in a retest of the demand zone.

If sellers regain control and break below $0.01335, PENGU risks dropping further to the next demand area near $0.0129, where the previous bounce began.

This would signal ongoing bearish pressure and lack of bullish commitment.

The post Pudgy Penguins Nears a 3-Month High as CBOE Moves to List PENGU ETF appeared first on BeInCrypto.

HBAR has experienced considerable volatility over the past month, struggling to recover recent losses and break the month-and-a-half-long downtrend.

Despite these challenges, the altcoin remains in a critical position as traders remain optimistic about its potential breakout. However, a failure to break key resistance levels could lead to further price declines.

HBAR Traders Are Bullish

Throughout this month, traders have shown strong bullish sentiment toward HBAR. The funding rate has remained positive consistently, indicating a dominance of long contracts in the market.

This suggests that traders are confident about a potential price recovery and are positioning themselves to capitalize on a rise in value. The consistent optimism reflects a belief that HBAR can rebound from its current downtrend.

Also, the positive funding rate shows that more investors are willing to place bets on the future of altcoin despite the ongoing challenges.

The macro momentum for HBAR reveals that short traders could face substantial losses if the price rises. The liquidation map indicates that approximately $38 million worth of short contracts could be liquidated if HBAR breaks its current downtrend and rises to $0.163.

This would have a significant impact on the market, potentially fueling further buying momentum.

Short traders have been betting on continued price declines, but a breakout above key resistance levels could force them to exit their positions. This would create additional buying pressure, supporting the potential for a larger upward move.

HBAR Price Is Awaiting A Boost

At the time of writing, HBAR is trading at $0.148, just under the critical resistance level of $0.154. The altcoin is looking to breach this resistance and break the downtrend line that has been holding it back.

A successful push past this level would be a key milestone in HBAR’s recovery.

The factors supporting a potential breakout indicate that HBAR could rise to $0.163 if it manages to flip $0.154 into support. Reaching this level could trigger the liquidation of short positions, further driving the price up.

This could help HBAR gain momentum and recover from its recent downtrend.

However, if the broader market turns bearish, HBAR’s price could fall to $0.139. Losing this support would be a bearish signal, potentially driving the price further down to $0.133.

Such a decline would invalidate the bullish thesis and shift the market outlook back toward the bears.

The post Hedera (HBAR) Price Action Could Lead to $38 Million in Losses appeared first on BeInCrypto.