This pattern emerges when the price of an asset consistently makes higher lows over a period of time. It represents an uptrend, indicating that SOL demand is gradually increasing, driving its prices higher. It suggests that the coin buyers are willing to pay more, and it serves as a support level during price corrections.
SOL’s recovery is further supported by its rising Relative Strength Index (RSI), indicating increasing buying interest. This momentum indicator is at 49.58 at press time, poised to break above the 50-neutral line.
The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.
At 49.50 and climbing, SOL’s RSI signals a steady shift in momentum from bearish to bullish. A rise above 50 would confirm increasing buying pressure and a potential for a sustained upward price movement.
Solana Bulls Eye $138
SOL’s ascending trend line forms a solid support floor below its price at $120.74. If demand soars and the bullish presence with the SOL spot markets strengthens, the coin could continue its rally and climb to $138.41.
President Trump’s family-controlled media company, Trump Media & Technology Group (TMTG), plans to raise $3 billion to buy cryptocurrencies such as Bitcoin.
According to reports, the capital raise will include $2 billion in fresh equity and $1 billion via a convertible bond.
Trump Media’s Crypto Venture Coincides with the President’s Collision with Harvard
TMTG aims to announce the offering ahead of a major crypto conference in Las Vegas, where Vice President JD Vance and Trump’s sons, Donald Jr. and Eric, are expected to speak.
According to the Financial Times, underwriters could include ClearStreet and BTIG. The at-the-market share sale would be executed near Friday’s closing price.
BEEAKING: TRUMP Media Group aims to raise $3 BILLION for cryptocurrency investments.
Notably, this move closely follows Trump’s threat to redirect $3 billion in federal research grants away from Harvard University to US trade schools.
The administration froze roughly $2.2 billion in grants, mainly from the National Institutes of Health, after accusing Harvard of fostering antisemitism and non-compliance with federal directives.
Meanwhile, Harvard has sued, calling the funding cuts unconstitutional. That proposal would require congressional action to reallocate funds designated for biomedical research.
Critics argue it represents an overreach of executive power. However, supporters say it would boost vocational training in high-demand trades.
Bill Ackman Says Harvard is Mismanaging Their Negotiations w/ President Trump
“The wrong thing to do with President Trump is to escalate … The view of most Americans is that the federal government giving taxpayer money to a university is a privilege and not a right … President… pic.twitter.com/unrdrjrfz8
While TMTG operates independently of the federal government, the timing and scale of its crypto ambitions have drawn scrutiny, given its close ties to the Trump family and the administration’s broader policy posture.
There is a juxtaposition that can’t be ignored. A Trump-linked entity raising billions for digital asset investment as the administration pressures elite institutions and proposes to shift public funding toward vocational programs.
Bittensor (TAO) has been up 6.5% over the past seven days, and its market cap is now hovering just below $4 billion despite correcting 6.6% in the last three days. The recent pullback has weakened key technical indicators, with both momentum and trend strength showing signs of deterioration.
While TAO has managed to hold key support levels and remains above $440, bearish signals are starting to emerge across multiple charts. Whether bulls can reclaim control or TAO slips below $400 will likely define its next major move.
Bittensor Trend Weakens as Bearish Momentum Overtakes Bulls
TAO’s DMI (Directional Movement Index) chart shows a weakening trend, with its ADX (Average Directional Index) falling sharply from 47 to 23.16 over the past three days.
The ADX measures the strength of a trend—regardless of direction—on a scale from 0 to 100. Values above 25 typically indicate a strong trend, while readings below 20 suggest a weak or ranging market.
TAO’s current ADX is just above 23, suggesting the recent trend is losing strength and may be nearing a transition phase. Despite that, according to CoinGecko data, Bittensor is the biggest artificial intelligence coin in the market, surpassing players like NEAR, ICP, and RENDER.
Meanwhile, the +DI (Positive Directional Indicator) has dropped from 23.87 to 17.41, signaling a decline in bullish pressure. At the same time, the -DI (Negative Directional Indicator) has risen from 17.86 to 23.15, showing that bearish momentum is gaining control.
This crossover—where -DI moves above +DI—indicates that sellers have overtaken buyers, and with ADX still above 20, the downtrend may continue to develop.
TAO’s Relative Strength Index (RSI) is currently at 48.46, after experiencing a sharp intraday dip from 53.82 yesterday to as low as 35.25 just a few hours ago.
The RSI is a momentum indicator that measures the speed and magnitude of recent price movements on a scale from 0 to 100. Typically, values above 70 suggest overbought conditions and potential for a pullback, while values below 30 indicate oversold conditions and a possible rebound.
TAO’s current RSI of 48.46 places it slightly below that midpoint, signaling a mild bearish bias after a brief period of stronger selling pressure.
The recovery from the 35.25 low shows that buyers have stepped back in, but the failure to hold above 50 suggests that bullish momentum remains weak. This level could reflect consolidation or indecision in the market, where TAO may trade sideways unless new catalysts emerge.
If RSI stabilizes or climbs above 50 again, it may indicate renewed strength, while another drop toward 30 would increase the risk of further downside.
TAO Holds Support but Faces Key Test for Momentum Recovery
TAO recently tested key support around $417.6 and bounced back above $440, showing resilience after a brief dip. Its EMA lines still reflect a bullish structure, with short-term moving averages positioned above the long-term ones.
However, the narrowing gap between them suggests that momentum is weakening. If selling pressure returns, the trend could shift, threatening Bittensor’s leadership as the biggest AI coin.
Hedera (HBAR) has experienced a modest recovery over the past few days but is still facing bearish cues from the broader market.
The altcoin has been attempting to breach a key price barrier but is struggling due to ongoing negative sentiment, especially in the Futures market. The market conditions remain challenging, making the outlook uncertain for HBAR.
Hedera Traders Are Uncertain
Currently, HBAR is displaying an inverse correlation with Bitcoin, sitting at -0.03. This suggests that while Bitcoin may be attempting a recovery, HBAR is not likely to follow its lead. Instead, the altcoin could move in the opposite direction.
As Bitcoin edges toward potential gains, HBAR may face further declines, especially in the daily chart.
The correlation reflects how HBAR’s price movements may not align with Bitcoin’s actions. As Bitcoin continues its recovery efforts, the broader cryptocurrency market sentiment may influence HBAR’s price in a contrasting manner. HBAR’s negative correlation with Bitcoin makes it vulnerable to additional downward pressure if the larger market remains volatile.
In addition to the correlation with Bitcoin, HBAR’s macro momentum is also shaped by the negative funding rate. The funding rate has been fluctuating and remains in the negative territory.
This indicates that traders are leaning toward short contracts, anticipating further price declines. The ongoing lack of strong recovery in HBAR has reinforced bearish sentiment as traders look to capitalize on any potential downturn.
The sustained negative funding rate reflects the market’s overall skepticism about HBAR’s short-term price action. With traders betting on further drops, the altcoin is under pressure to overcome these pessimistic views. Without a significant bullish catalyst, HBAR may struggle to break free from this bearish trend in the near term.
At the time of writing, HBAR price is trading at $0.246, facing the struggle of being stuck under the resistance of $0.250. The altcoin has maintained support at $0.222 for a while, and it is likely to continue holding above this level. However, the resistance of nearly $0.250 remains an obstacle to a breakout, which could prevent HBAR from making significant progress.
Given the current market conditions, HBAR is expected to consolidate between $0.222 and $0.250, as it has done in the past. This consolidation could continue, further delaying any recovery and preventing the altcoin from reaching higher levels. The broader market’s bearish sentiment may further restrict HBAR’s price action.
However, if HBAR manages to breach the $0.250 resistance level and flip $0.267 into support, it could signal a shift toward a bullish trend. In this scenario, the altcoin might rise to $0.314, effectively invalidating the bearish thesis and setting the stage for a more substantial recovery.
