Solana (SOL) to $77 or What? Bulls and Bears Face Off

Monicah W

Bearish Clouds Hover Over the Solana (SOL) Price Rally Despite a Rebound—Here’s Why!

The post Solana (SOL) to $77 or What? Bulls and Bears Face Off appeared first on Coinpedia Fintech News

Solana (SOL), the world’s sixth-largest cryptocurrency by market cap, is gaining massive attention from Binance traders. Recently, data from the on-chain analytics firm Coinglass revealed that 79% of top traders on Binance are going long on SOL, despite the bearish market sentiment.

Source: Coinglass

Solana (SOL) Price Action and Upcoming Levels 

According to expert technical analysis, SOL appears bearish despite the ongoing price recovery. On April 6, 2025, SOL broke down from its prolonged key support level of $115 and also closed a daily candle below that level, a level it had held since March 2024.

Source: Trading View

This breakdown has pushed SOL into an extremely bearish phase. However, the ongoing price recovery appears to be a retest of the breakdown level.

Based on the recent price action and historical momentum, if SOL remains below the $115 level, there is a strong possibility it could decline by 30% and reach the $77 level in the near future.

Source: Trading View

This bearish outlook is strongly supported by momentum indicators such as the Relative Strength Index (RSI) and the 200-day Exponential Moving Average (EMA) on the daily time frame.

Current Price Momentum

As of writing, SOL was trading near $107 and had registered a price drop of over 1% in the past 24 hours. Meanwhile, the asset showed a strong recovery, having hit a low of $95.6 during the Asian market session. Amid this significant price fluctuation and market volatility, SOL’s trading volume has skyrocketed by 185% during the same period.

$140 Million Worth of SOL Outflow

While examining the on-chain metrics, it appears that whales, investors, and long-term holders have seized the opportunity to accumulate SOL at the current price level, according to the on-chain analytics firm Coinglass.

Source: Coinglass

Data from spot inflow/outflow reveals that exchanges have seen an outflow of approximately $140 million worth of SOL over the past 24 hours. This substantial outflow suggests potential accumulation and could lead to buying pressure.

However, due to the prevailing bearish sentiment, a strong upside rally may be difficult to achieve.

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Ethereum Price Forecast: $42B Derivatives Volumes Signal $2,000 Rally after Ethereum Foundation Replaces CEO

ETH Price: Vitalik Buterin Take on Ethereum Foundation Vision

Ethereum price rebounded above $1,800 on Thursday as traders react positively to leadership shake-up at the Ethereum Foundation and capital rotation out from altcoin exposed to SEC oversight risks.

Ethereum (ETH) Retakes $1,800 amid Altcoin ETF Jitters

Ethereum (ETH) surged past $1,800 on Tuesday, recovering from recent losses triggered by broader altcoin uncertainty after the SEC delayed decisions on multiple ETF applications.

Ethereum price action
Ethereum price action

While Bitcoin remained range-bound below $96,000, the ETH price breakout above $1,815 stood out.

Despite regulatory headwinds, ETH posted a modest 2.1% gain, supported by strong trading volume and improving investor sentiment following a governance update at the Ethereum Foundation.

Market Reacts Positively to Leadership Shuffle at Ethereum Foundation

In a surprise announcement Tuesday, the Ethereum Foundation appointed Hsiao-Wei Wang and Tomasz K. Stańczak as new co-executive directors, replacing the previous CEO structure. The move was part of a broader organizational shift to improve decision-making and project execution within Ethereum’s core ecosystem.

Under the new structure, the board will act as a “security council” guiding Ethereum’s strategic vision, while day-to-day governance will be managed by the co-directors. The board will include key figures such as Ethereum co-founder Vitalik Buterin, foundation president Aya Miyaguchi, and legal advisor Patrick Storchenegger.

Hsiao-Wei Wang, a core researcher and Ethereum developer, will also serve as the liaison between the board and management, solidifying communication across leadership layers. The foundation outlined three key focus areas for the next 12 months: scaling Layer 1, optimizing blob handling at Layer 2, and enhancing user experience.

The shake-up was viewed favorably by the market, with many seeing it as a sign of maturity and adaptability.

Ethereum Derivatives Point to Bullish Momentum Toward $2,000

Coinglass‘ derivatives market reflects growing optimism among traders after the leadership shuffle at Ethereum Foundation. The 24-hour long/short ratio stood at 0.9912, indicating near-equal positioning, but top trader data paints a different picture. On Binance, the top trader long/short ratio (by accounts) is 2.6778, while positions data shows 1.9521, suggesting whales are leaning long.

Ethereum Derivatives Data Analysis | Coinglass
Ethereum Derivatives Data Analysis | Coinglass

Additionally, options volume rose by 3.75% to $435.21 million, with open interest climbing to $4.08 billion, up 1.50%. The increasing options activity indicates traders are hedging for volatility, with a bias toward upside price moves.

Liquidation data over 24 hours showed $69.56 million in rekt positions, with long liquidations at $49.78 million and shorts at $19.78 million, highlighting a more aggressive attempt to chase further price gains.

Ethereum Price Forecast Today: ETH Eyes $1,900 Amid Bollinger Band Expansion

Ethereum price forecast signals show ETH holding steady above $1,800, currently trading at $1,812 after a 1.03% daily gain. The price is pressing against the upper Bollinger Band at $1,892.79, hinting at a potential breakout if bullish momentum continues.

Volume remains modest, but the structure reflects a sustained recovery since the April 13 low.

Ethereum price forecast
Ethereum price forecast

Notably, Ethereum has reclaimed the 20-day moving average and is holding just above the midline of the Bollinger Bands, indicating improved market confidence.

The BBP (Bollinger Band Percent B) sits at 96.82, suggesting ETH is nearing overbought territory, but not decisively so.

This level often precedes short-term consolidation before fresh upside or pullbacks.

 Ethereum position above the 20-day moving average and proximity to the upper band reflects a well-structured bullish setup.

However, resistance at $1,892 must be decisively cleared to open room toward $2,000.  A failure to do so could return ETH to the $1,695 support zone, marked by the lower band.

The post Ethereum Price Forecast: $42B Derivatives Volumes Signal $2,000 Rally after Ethereum Foundation Replaces CEO appeared first on CoinGape.

DOJ Targets $263 Million Theft Ring and Tornado Cash Co-Founder

The US Department of Justice (DOJ) just indicted 12 additional defendants as part of a conspiracy involved in crypto crimes worth $263 million. It accused them of working with Malone Lam, who was arrested last September.

Most of the group’s actions involved social engineering scams, but members also stand accused of burglary. Additionally, the DOJ pressed charges against Tornado Cash co-founder Roman Storm today.

DOJ Takes On Major Crypto Crimes

As part of sweeping pro-crypto regulatory reforms, the US Department of Justice disbanded its Crypto Enforcement Unit and reduced the scope of its investigations this year.

However, as today’s indictments clearly show, the DOJ is still interested in taking down high-level crypto crime. The twelve defendants stand accused of many serious offenses:

“[The defendants] allegedly participating in a cyber-enabled racketeering conspiracy throughout the United States and abroad that netted them more than $263 million. [Their] various roles included database hackers, organizers, target identifiers, callers, money launderers, and residential burglars targeting hardware virtual currency wallets,” the DOJ claimed.

These defendants were allegedly in league with Malone Lam, the group’s ringleader, who was arrested last September. The DOJ claimed that Lam organized the whole crime ring, targeting victims, employing scams, laundering money, and more.

The group’s sophisticated money laundering techniques allowed Lam to allegedly continue benefiting after his arrest.

The bulk of this $263 million came through social engineering and similar scam methods. The group systematically stole and purchased databases of crypto users, identified valuable targets, and attempted to defraud them.

Lam personally scammed $230 million from one victim alone. However, the group soon moved on to much more brute-force methods.

Specifically, the DOJ accused the defendants of much more serious crimes. In an effort to steal hardware wallets, Lam remotely monitored a target’s iCloud metadata while a co-conspirator burglarized his home.

Unfortunately, violent thefts are far from unheard of in this industry: a prominent crypto kidnapping took place in France two days ago.

The indictments named 10 of the 12 co-defendants, claiming that several of them have been arrested. At least two remain anonymous and at large, believed to be living in Dubai.

The DOJ has been demonstrating its resolve on several crypto crimes today. Specifically, it announced that it would indeed be pressing charges against Roman Storm, co-founder of Tornado Cash.

Although crypto enforcement has been loosened somewhat, the Department of Justice is still determined to prosecute prominent offenders.

The post DOJ Targets $263 Million Theft Ring and Tornado Cash Co-Founder appeared first on BeInCrypto.