Bitcoin Maxi Says Long-Term BTC CAGR To Drop Under 10%, Here’s Why

The SEC delayed Canary Capital’s application for a Litecoin ETF today, opening public comments over the proposal’s compliance with regulatory requirements. The price of LTC fell 5% after the announcement.

The public comment aspect doesn’t appear to signal the Commission’s intentions; this could be a standard delaying tactic. Nonetheless, the market immediately took it as a bearish signal.

Will the SEC Reject Canary’s Litecoin ETF?

A few months ago, analysts proposed that the Litecoin ETF was more likely to win SEC approval than any other altcoin ETF. Its Polymarket odds briefly reached 85% in February, and today’s SEC deadline further spurred community hype.

However, the SEC instead decided to delay this application, including a request for public comments in its notice:

“The Commission seeks and encourages interested persons to provide comments on the proposed rule change. The Commission asks that commenters address the sufficiency of [whether] the proposal… is designed to prevent fraudulent and manipulative acts and practices or raises any new or novel concerns not previously contemplated by the Commission,” it read.

To be clear, it is not positive that this request constitutes a bearish development. The SEC is fielding a lot of altcoin ETF proposals right now, and it recently delayed several.

It even opened public comments for a Litecoin ETF proposal in February. In other words, this might be a standard delaying tactic. Unfortunately, the market hasn’t taken it well.

Litecoin’s price fell quickly after the Commission delayed this application, dropping 5% at its lowest point. Polymarket’s odds of a Litecoin ETF approval in Q2 2025 also plummeted, but the chances of a 2025 approval in general remained steady.

The most bullish expectations listed Q2 as a potential time for altcoin ETF approvals, and this bet is now looking rather unlikely.

In other words, things could be a lot worse. James Seyffart, an ETF analyst who predicted the Litecoin delay, didn’t comment on the public comment aspect. It seems like a stretch to claim that the SEC is signaling its intent to refuse this or any other altcoin ETF proposal.

Still, the market can react harshly to such developments in the short term, and traders are repositioning their bets on the altcoin.

The post Litecoin Down 5% After SEC Delays ETF Filing Over Fraud Concerns appeared first on BeInCrypto.

Solana (SOL) is up 28.4% over the past month, but its momentum has slowed. After briefly touching $184, it has gained just 0.78% in the last seven days. Despite this, Solana continues to dominate DEX metrics, leading all chains with $27.9 billion in weekly volume.

The broader ecosystem remains active, with multiple Solana-based apps among the top fee generators. However, technical indicators such as RSI, Ichimoku Cloud, and EMA lines suggest the rally may be losing steam, signaling a potential period of consolidation or correction ahead.

Solana Leads DEX Market With $27.9 Billion Weekly Volume and Surging App Activity

Solana continues to assert its dominance in the decentralized exchange (DEX) ecosystem, leading all chains in trading volume for the fourth consecutive week.

Over the past seven days alone, Solana recorded $27.9 billion in DEX volume—surpassing BNB Chain, Ethereum, Base, and Arbitrum.

The weekly DEX volume for Solana surged by 45.78%, signaling a strong resurgence in on-chain activity after decreasing activity between March and April.

This rise is a spike and part of a broader trend, with volumes consistently staying above the $20 billion mark over the past month.

Adding to its momentum, Solana is home to four of the past week’s ten highest fee-generating apps and chains. This includes familiar platforms and newcomers, showing a healthy diversity in the ecosystem.

Believe App, a newly launched Solana-based launchpad, stands out in the recent surge. In the last 24 hours alone, it generated $3.68 million in fees—surpassing well-established platforms like PancakeSwap, Uniswap, and Tron.

Momentum Cools for SOL as Indicators Turn Neutral

Solana’s Relative Strength Index (RSI) has dropped to 51.99, down from 66.5 just three days ago, signaling a clear loss of bullish momentum.

Over the past few days, the RSI has hovered between 44 and 50, reflecting a more neutral market sentiment after previously nearing overbought conditions.

This shift suggests that traders are more cautious, and recent gains may be cooling off.

The RSI is a momentum indicator that ranges from 0 to 100, with values above 70 indicating overbought conditions and below 30 signaling oversold territory. At 51.99, Solana sits in the neutral zone, which typically suggests a period of consolidation or indecision.

If the RSI rises above 60 again, it could point to renewed bullish strength; if it dips below 45, further downside pressure may follow.

Solana’s Ichimoku Cloud chart shows a period of consolidation following a strong uptrend, with key signals now suggesting indecision.

The price is hovering near the Kijun-sen (red line) and Tenkan-sen (blue line), both of which have started to flatten—indicating a slowdown in momentum.

The Chikou Span (green lagging line) remains above the candles, suggesting that the broader trend still has a bullish bias. However, the lack of distance between it and the current price action reflects weakening strength.

The Kumo Cloud (green and red shaded area) ahead is still bullish, with the leading span lines spread apart, providing support beneath the current price.

However, with candles now closely interacting with the Kijun-sen and failing to strongly break above the Tenkan-sen, the short-term sentiment appears cautious.

If the price can push decisively above the blue line, momentum may return, but any drift into the cloud could signal the start of a more prolonged consolidation phase or potential trend reversal.

Solana’s Bullish EMA Structure Faces Momentum Slowdown

Solana’s EMA lines remain bullish, with the short-term moving averages positioned above the longer-term ones. However, the gap between these lines is narrowing, suggesting that upward momentum is weakening.

Solana price recently failed to break past a key resistance level, and although a retest could open the path toward reclaiming the $200 zone, the lack of strong follow-through raises questions about the trend’s strength.

Complementing this cautious outlook, the Ichimoku Cloud and RSI indicators point to a potential cooldown. Solana recently held above an important support level but remains vulnerable—if that support breaks, further downside could follow.

The broader structure still leans bullish, but the market appears to be at a crossroads. The next move likely depends on whether buyers can reclaim initiative or sellers push through key lower levels.

The post Solana (SOL) Momentum Slows – Is $200 Still in Sight? appeared first on BeInCrypto.