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 crypto market had a mixed day on Thursday after US Fed Chair Jerome Powell warned that new tariffs could slow economic growth and push inflation higher. Bitcoin went up slightly to $84,312, and Ethereum also gained a bit to $1,596. The overall crypto market cap rose just a little to $2.64 trillion. Some altcoins like XRP, Solana, Dogecoin, Cardano, and Chainlink saw good gains of up to 4%, but others like BNB, Tron, Sui, Litecoin, and NEAR dropped by as much as 3%.
Looking at the current scenario under Trump’s leadership, Former SEC Chair Gary Gensler has once again drawn a sharp line between Bitcoin and the rest of the crypto market, saying Bitcoin is here to stay while most altcoins are likely to fade away.
In a recent CNBC interview, Gensler said Bitcoin’s strength lies in its global appeal. He pointed out that there’s strong interest from people all over the world comparing its endurance to gold. According to him, Bitcoin stands out like one of the “precious metals” humans have always been fascinated by, which could explain why it may survive the test of time.
Altcoins? Mostly Hype, Says Gensler
Gensler warned that most altcoins lack solid fundamentals. He believes the crypto market relies heavily on sentiment suggesting that nearly 100% of crypto assets trade on hype rather than intrinsic value. Because of this, many of these assets are unsustainable and will likely lose value over time.
Regulation, Risk, and Real Value
Without naming specific tokens, Gensler said investors should focus on the fundamentals of each project before investing. He emphasized that the real problem is how sentiment-driven the space has become, with little substance to back most altcoins. This aligns with his tough stance on crypto during his time at the SEC from 2021 to 2025, where he led enforcement actions against various crypto firms and exchanges.
Gensler Doesn’t Own Crypto—But Still Sees Bitcoin’s Future
Interestingly, despite his belief in Bitcoin’s longevity, Gensler revealed he doesn’t own any crypto himself. Still, he acknowledged Bitcoin’s resilience and likened it to gold once again. In his view, only a select few assets like Bitcoin will earn global recognition and last in the long run.
Gensler’s comments come at a time when Bitcoin continues to be positioned as a digital store of value, while the broader altcoin space faces regulatory pressure and investor skepticism.
Right now, the crypto market is in what’s called a Bitcoin Season, meaning Bitcoin is performing better than most altcoins. Bitcoin’s dominance is high at around 62.5%, which is close to a four-year record. Meanwhile, the Altcoin Season Index is at just 16, showing that only a small number of altcoins have outperformed Bitcoin in the last 90 days. Although Bitcoin is leading, history shows that strong BTC dominance often comes just before altcoins start rallying, so traders are keeping a close eye on the charts for any signs of a shift.
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The crypto market had a mixed day on Thursday after US Fed Chair Jerome Powell warned that new tariffs could slow economic growth and push inflation higher. Bitcoin went up slightly to $84,312, and Ethereum also gained a bit to $1,596. The overall crypto market cap rose just a little to $2.64 trillion. Some altcoins …
Made in USA coins are drawing attention heading into the weekend, with five standout tokens leading the charge: EOS, ONDO, SUI, KAS, and EIGEN. EOS surged nearly 7% following a controversial $3 million purchase by World Liberty Financial, while ONDO remains a major RWA player despite short-term volatility.
SUI continues to ride momentum from its meme coin and DEX activity, and Kaspa (KAS) shows strong upside potential with a possible golden cross forming. Meanwhile, EigenLayer (EIGEN) is facing a sharp pullback but still holds bullish signals if support levels can hold.
EOS
EOS is up nearly 7% in the last 24 hours, sparked by World Liberty Financial’s surprise $3 million purchase of the token. The move has stirred controversy across the crypto community, especially given WLFI’s recent $125 million loss from allegedly selling ETH at a local bottom.
While some have raised concerns about potential market manipulation, there’s currently no hard evidence of foul play. EOS, which has spent much of the past year trading below $0.50, briefly surged over 9% following the news, reigniting interest in a project many considered dormant.
Technically, if bullish momentum persists, EOS could break above the key resistance level at $0.88. A clear breakout there may open the door for a run toward the psychological $1 mark.
However, if sentiment shifts and the rally fades, EOS could retest support at $0.663. A break below that would likely trigger further downside, potentially dragging the token back toward the $0.58 region.
Ondo Finance (ONDO)
Real-world asset (RWA) tokenization is gaining serious momentum. The sector reached an all-time high of $22.5 billion, up 5.87% in the last 30 days.
Private credit accounts for $13.1 billion of the total, highlighting growing institutional interest in bridging TradFi with blockchain infrastructure.
Amid this surge, ONDO has emerged as one of the largest players in the RWA space, despite its token price slipping over 3% in the past 24 hours. Still, ONDO is up 16.2% over the last month, reflecting sustained investor confidence in the narrative.
Looking ahead, if bullish sentiment returns, ONDO could test resistance at $1.04. A breakout above that level may push the price toward $1.20.
However, if the correction deepens, the token faces key support levels at $0.86 and $0.819.
Should the downtrend accelerate, ONDO may fall further to $0.73 or even $0.663, making short-term price action heavily dependent on whether the broader hype around RWA and Made in USA coins continues or fades.
SUI
SUI has been gaining traction in recent months thanks to its growing meme coin ecosystem and expanding DEX infrastructure.
While its DEX volume surged 36.7% over the past week, it recorded the smallest increase among the top eight chains and currently ranks sixth in total DEX volume.
Despite this, market interest remains strong, with SUI up 83% in the last 30 days—though it has cooled slightly, slipping 1.25% over the past week.
Technically, SUI’s EMA lines still indicate bullish momentum.
If buyers regain control, the token could test resistance at $3.89, and a breakout there may open the path toward $4.24.
On the downside, if SUI fails to hold support at $3.63, the next targets are $3.27 and potentially $2.92 in the event of further selling pressure.
Kaspa (KAS)
Kaspa (KAS) has delivered strong performance recently, climbing 18.5% in the last seven days and 56.7% over the past month. Its market cap now stands at $3.17 billion, even as 24-hour trading volume has dipped by 20% to $99.38 million.
EMA indicators suggest a potential golden cross formation, which could signal further upside. If momentum continues, KAS may test resistance at $0.155, and a successful breakout could push the price toward $0.188, making it one of the most interesting Made in USA coins for the weekend.
However, if the trend weakens, key support levels lie at $0.114 and $0.103. Losing those could trigger a deeper correction, with downside targets as low as $0.082.
Eigenlayer (EIGEN)
EigenLayer (EIGEN) has seen mixed price action this week—up 16% over the past seven days, but down 11% in the last 24 hours alone.
The recent drop pushed its price below $1.40 and dragged its market cap under the $400 million mark, signaling a potential cooldown after last week’s rally.
Despite the pullback, EIGEN’s EMA lines remain in a bullish formation. If the downtrend continues, the token may test key support at $1.22, with further downside possible toward $1.084 if that level fails.
However, if EigenLayer regains its prior momentum, it could retest resistance at $1.49, and a breakout there may pave the way for a move toward $1.63.
